Poker Coverage: Poker Legislation Poker Business Poker Tournaments

The Weekly Gaming Business Wrap Up

Stay Informed About The Gaming World

Print-icon
 

Here’s a look at the headlines for this week in the gaming business world.


Analyst: Nevada Casino Tax Hike Means Job Losses

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.


Golden Nugget In Atlantic City Gets Permanent Casino License

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.


North Wales Teacher Stole £53,000 To Fund Online Poker Addiction

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 and Ameristar Form Marketing Alliance

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.


Zynga’s Stock Falls After Fourth-Quarter Disappoints

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.


Newt Gingrich To Receive Another $10 Million From Casino Backer

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.

 
 
 
 
 
 

Most Viewed Articles
 

1 Former Roulette Dealer Faces Criminal Charges For Telling Gambler About 'Lucky Number'
2 Real-Money Online Poker Coming To California This Month, Tribal Gaming Regulator Says
3 'Invisible Ink' Poker Cheat Banned From Connecticut Casinos
4 Poker Strategy With Ed Miller: Are You Running Bad Or Playing Bad?
5 Olivier Busquet Wins European Poker Tour Barcelona €50,000 Super High Roller
6 Poker Strategy With Alan Schoonmaker: Why You Can't Beat Low Limit Games
7 Pennsylvania Supreme Court: $75K Mandatory Fine For Poker Dealer Who Stole $200 Is Unconstitutional
8 Report: Bag Of Revel Money Goes Missing After Apparently Falling Off Armored Truck's Roof
9 Gus Hansen Nears $20 Million In Web Poker Losses
10 Bradley Cooper, Todd Phillips To Make Film About Real-Life Nevada Extortion Plot
 
 
Get-it-delivered-240