The Weekly Gaming Business Wrap -- 8/17/12
Stay Informed About The Gaming World
Here’s a look at the headlines for this week in the gaming business world.
The Mississippi Gaming Commission has approved construction of a Rotate Black Casino in Gulfport with a vote of 3-0. The $112 million project was previously deemed to be too small, but has been expanded enough to warrant approval, increasing the hotel plans from 100 to 205 rooms.
Louisiana’s 17 publicly reported casino properties took in only $197 million in July, which represented a 3 percent drop from June and a staggering 12 percent drop from July of 2011. The biggest disappointment was Harrah’s New Orleans, which experienced a 13 percent reduction in revenue.
The Ohio Casino Control Commission moved closer to opening the state’s third casino by awarding 178 gaming licenses to new employees for the Columbus property. The Hollywood Casino is scheduled to open in early October of this year.
The Cherokee Casino in western North Carolina has begun spreading table games, two months after the state Legislature approved the law change. In preparation for the expansion of games offering, the casino has hired an additional 500 employees.
The state of Maryland and its Gov. Martin O’Malley have signed off on a law that will introduce table games, including poker, to it’s six casinos. Additionally, the law will allow a new casino to be built in Prince George County. Voters will have a chance to approve the new law in November.
The NFL has recently changed their stance on gambling advertising in NFL stadiums, allowing teams to take advantage of regional casinos ads. However, the Chicago Bears have pledge to stay away, stating that the team must adhere to it’s “values.”
A record $1.3 billion was wagered by patrons at the Aqueduct Racetrack in New York last July, which was an all-time high for the racino which offers 500 electronic table games and 4,500 slot machines.
|1||Chino Rheem and Erick Lindgren Lead World Poker Tour $25,000 Championship Main Event Final Table|
|2||Live Cash Game Stream Kicks Off Card Player Poker Tour Bike Stop|
|3||Online Poker Scandal: Annie Duke Responds To Leaked Russ Hamilton Audio Recording|
|4||Dan Shak Finishes Second In Tiger Woods' Charity Poker Tournament In Las Vegas|
|5||Family Facing Eviction Discovers They Had $4.85 Million Lotto Ticket Sitting In A Cookie Jar|
|6||A Poker Life -- Brian Hastings|
|7||Carnivale Of Poker Returns To 2013 World Series of Poker|
|8||Jamie Gold's World Series of Poker Main Event Bracelet Up For Auction|
|9||High-Stakes Online Poker: Gus Hansen Wins $1.7 Million This Week|
|10||Doyle Brunson Bows Out Of World Series Of Poker|
|1||Online Poker Scandal: Annie Duke Responds To Leaked Russ Hamilton Audio Recording|
|2||Jamie Gold's World Series of Poker Main Event Bracelet Up For Auction|
|3||Doyle Brunson Bows Out Of World Series Of Poker|
|4||Gambling Lawsuit: Did Ivey Notice Defective Cards At London Casino En Route To Winning $12 Million?|
|5||Ultimate Bet Cheating: Russ Hamilton Admits In Audio Recording, 'I Did Take This Money'|
|6||High-Stakes Online Poker: Gus Hansen Approaching $10 Million Lifetime Losses On Full Tilt|
|7||Nevada To Add Gambler To 'Black Book' For First Time In Nearly Four Years|
|8||Phil Ivey Sues London Casino For Allegedly Stiffing Him On $12.1 Million|
|9||A Look At The Ultimate Poker Software: Nevada's First Real Money Online Poker Room|
|10||High-Stakes Online Poker: Gus Hansen Now Down $6 Million Since The Fall|