The Weekly Gaming Business Wrap
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Here’s a look at the headlines for this week in the gaming business world.
In an effort to turn around Atlantic City from its current five-year slump, New Jersey Gov. Chris Christie has announced that he will move forward with regulations to add sports betting to casinos and race tracks in the city. The move could still face some opposition from the U.S. Department of Justice.
On Tuesday, famed singer Jimmy Buffett opened his newest project, a $62 million casino and restaurant in Biloxi, Mississippi. Margaritaville, which also has a location in Las Vegas, is the first casino in Biloxi to open since 2007.
On Wednesday, the Illinois House approved a measure that would allow for casino expansion and slot machines at existing horse racing tracks. The bill’s supporters argue that the increase in tax revenue could help the state avoid making costly budget cuts to vital government programs, but Gov. Pat Quinn has been steadfast in his opposition and has threatened to veto similar bills in the past.
Mississippi’s coast casinos saw a 7 percent jump in revenue year-over-year in the month of April, but the good news was not shared by the river casinos, whose revenue fell by 8 percent over the same time period. Officials expect improvement for the state overall by next month, after Jimmy Buffett’s Margartaville project gets going.
Next Tuesday will mark the opening of Ohio’s second casino in East Toledo, nearly one month after the opening of the Horseshoe Casino in Cleveland. The Hollywood Casino, opening on Tuesday, gave a media tour to show off it’s $200 million project, complete with 290,000 square feet of space, 2,000 slot machines, 80 table games and five restaurants and lounges.
|1||Tony Cousineau On Quest For Win After 56 Cashes At World Series Of Poker: 'I'll Sleep When I Die'|
|2||Seven Years After Winning Two World Series Of Poker Bracelets At Age 21, Jeff Madsen Not Stressed Anymore About Getting The Third|
|3||Alexander Kostritsyn Not Too Impressed With His $2.7 Million In Winnings This Year On Full Tilt Poker|
|4||Mike Matusow Says He Has Finally Recovered After Full Tilt Poker 'Destroyed My Life'|
|5||Gus Hansen's Trip To World Series Of Poker Reportedly Delayed Due To Lost Passport|
|6||Bracelet Winner Barred From World Series Of Poker|
|7||Poker Player Accidentally Sells Wife's $23,000 Wedding Ring For $10 At Garage Sale|
|8||PokerStars' Mark Scheinberg To Pay U.S. $50 Million|
|9||Matt Matros -- Stop The No-Limit Insanity|
|10||Phil Ivey Has Shot At First World Series Of Poker Hold'em Bracelet|
|1||Mike Matusow Says He Has Finally Recovered After Full Tilt Poker 'Destroyed My Life'|
|2||Bracelet Winner Barred From World Series Of Poker|
|3||Poker Player Accidentally Sells Wife's $23,000 Wedding Ring For $10 At Garage Sale|
|4||Phil Ivey Has Shot At First World Series Of Poker Hold'em Bracelet|
|5||Mike Matusow: I'm The Second Best Tournament Poker Player Ever Considering Number Of Events Played|
|6||Steve Gee Trying To Recover From World Series Of Poker Main Event Disaster|
|7||Chino Rheem Wins 2013 World Poker Tour $25,000 Championship|
|8||Chino Rheem and Erick Lindgren Lead World Poker Tour $25,000 Championship Main Event Final Table|
|9||Online Poker Scandal: Annie Duke Responds To Leaked Russ Hamilton Audio Recording|
|10||Jamie Gold's World Series of Poker Main Event Bracelet Up For Auction|