Day 1a of the CPPT Westside Poker Championship $340 $100K Guarantee at Hollywood Park Casino has come to a close! The first starting flight drew a total of 102 players and after just under 17 ...
The Weekly Gaming Business Wrap Up
Stay Informed About The Gaming World
Here’s a look at the headlines for this week in the gaming business world.
Bill Lerner, an analyst from the Union Gaming Group, says that a proposed tax hike on Nevada’s highest grossing casinos is not economically sustainable, and would result in a job loss of 7,500 or more. Those casinos that make more than $250,000 a month in gambling revenue would see a jump in taxes from 6.75 percent to 9 percent.
The New Jersey Casino Control Commission has approved a permanent license for the Golden Nugget casino, formerly known as the Trump Marina. Landry’s Restaurants bought the casino in May for $38 million, or about 1 tenth of what Trump Entertainment purchased it for two years earlier.
Andrew Wilkie, a 41-year-old headteacher of a primary school in Buckley, admitted to stealing more than £53,000 of school funds after forming an addiction to online poker. Wilkie also re-mortgaged his family home and maxed out his credit cards. He will be sentenced in mid-March.
MGM Resorts International and Ameristar Casinos have agreed to form a marketing alliance in order to draw more visitors to their casinos across the U.S. and Las Vegas. The partnership concerns the use of their rewards and loyalty programs, which allows customers to receive deals and special offers from both companies.
San Francisco-based Zynga (ZNGA) went public in mid-December and stock struggled out of the gate before surging to a record high of $14.55 on Tuesday. On Wednesday, the company revealed a four-quarter loss, despite an increase in revenue of 59 percent, which resulted in a fall of 15.3 percent to $12.16.
Billionaire casino mogul Sheldon Adelson has already given Newt Gingrich and his campaign $11 million, but the Las Vegas Sands CEO has pledged an additional $10 million in an effort to support the super PAC “Winning our Future,” which is largely credited with helping the former house speaker win the South Carolina primary.
|1||Doug Polk Calls Out Daniel Negreanu|
|2||Online Poker: Viktor Blom Wins $261K Monster Pot|
|3||Hansen, Blom No Longer With Full Tilt Poker|
|4||GSN Wants Your Input On 'High Stakes Poker'|
|5||Casino Heist Remains Unsolved 22 Years Later|
|6||Ray Coburn Wins DraftKings Millionaire Maker|
|7||Gambling Site: 2014 WSOP Main Event Betting Odds|
|8||NJ Busts Mob-Run Sports Gambling Ring|
|9||Scott Davies Wins 2014 WSOP APAC Main Event|
|10||Mike Leah Wins 2014 WSOP APAC $25k High Roller|
|1||Judge: Poker Pro Phil Ivey Cheated At London Casino|
|2||WATCH: Man Cracks Opponent's Aces, Rubs It In|
|3||Phil Ivey's Rough Week Continues|
|4||Championship Poker Bot: 'Nuclear Weapon For Poker'|
|5||Doug Polk Calls Out Daniel Negreanu|
|6||HoF Nominees Trade Barbs Over $1.8M Prop Bet|
|7||Iowa Police Steal $100K From Poker Players|
|8||Phil Ivey Gives Interview To 60 Minutes|
|9||Poker Pro Matt Smith Wins DraftKings Millionaire Maker|
|10||2014 WSOP Main Event ESPN TV Schedule|