The Weekly Gaming Business Wrap -- 12/1/12
Stay Informed About The Gaming World
Here’s a look at the headlines for this week in the gaming business world.
Chicago Mayor Rahm Emanuel and Illinois Gov. Pat Quinn are reportedly very close to a deal that would give schools 100 percent of the tax revenue from a proposed Chicago casino. The two are hoping to have a bill submitted by Jan. 9.
Ameristar Casinos has announced that it will end its bid to develop a $900 million casino resort in Springfield, Massachusetts. The Las Vegas-based company, which purchased $16 million of land in the region, believed it did not have a realistic chance at winning the casino license. The bid will now go to either Penn National Gaming or MGM Resorts.
Mississippi casino revenue dropped to $167.4 million in October, the lowest numbers since 1998. The drop represented an 8 percent loss from 2011, when the state’s casinos took in $182.2 million. Officials blamed the calendar for the poor numbers, since there were less weekend days during the month.
The Silverton Casino in Las Vegas, along with Cantor Gaming, have announced the grand opening of a brand new 2,000 square foot sports book. The facility will feature Cantor’s wireless gaming systems and a high definition 2.35 million LED pixel video screen capable of showing up to 16 different sporting events simultaneously.
A California real estate company has acquired the Ravella and the Casino MonteLago at Lake Las Vegas for $46.8 million. The Arcardia-based company bought the casino and the 349-room hotel from Village Hospitality LLC, who acquired the property in 2009 after the previous owners filed for bankruptcy.
|1||WSOP Rookie Talks About $2 Million Bracelet Bet|
|2||Most Consistent Poker Players Of Past Decade|
|3||Report: Clinton Portis Wrote Bad Checks To Borgata|
|4||Wynn Announces Plan For New Poker Room|
|5||Leong Wins 2016 WPT Borgata Winter Poker Open|
|6||Poker Strategy: Aggression Leads To Position|
|7||Shak, Bonomo Win $25k Aria High Rollers|
|8||Pair Charged With Felonies For Public Sex Acts In Vegas|
|9||Online Poker: Ben 'Sauce123' Sulsky Drops $170K|
|10||Poker Strategy: Delaying Your Continuation Bet|
|1||Embalmed Man Plays Last Poker Game With Friends|
|2||Woman Gives Birth While Still In Poker Tournament|
|3||Selbst Could Lose $2M In WSOP Prop Bet|
|4||Poker Players Hit 5 Of 6 Powerball Numbers|
|5||Poker Player Spent $100,000 On Powerball Tickets|
|6||Poker Player Wins $5M In DFS NFL Championship|
|7||Ray Bitar Marries, Appears Healthy In Photos|
|8||High Stakes Poker Pro Opens Up About Fear Of Failure|
|9||Billionaire Fights Worker At Own Casino|
|10||WSOP Rookie Talks About $2 Million Bracelet Bet|