The Weekly Gaming Business Wrap -- 12/1/12
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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||Online Poker Scandal: Annie Duke Responds To Leaked Russ Hamilton Audio Recording|
|2||Dan Shak Finishes Second In Tiger Woods' Charity Poker Tournament In Las Vegas|
|3||A Poker Life -- Brian Hastings|
|4||Jamie Gold's World Series of Poker Main Event Bracelet Up For Auction|
|5||High-Stakes Online Poker: Gus Hansen Wins $1.7 Million This Week|
|6||Doyle Brunson Bows Out Of World Series Of Poker|
|7||Final Table Set In European Poker Tour €100,000 Super High Roller|
|8||Tiger Woods To Host Poker Tournament In Las Vegas|
|9||Gambling Lawsuit: Did Ivey Notice Defective Cards At London Casino En Route To Winning $12 Million?|
|10||Ultimate Bet Cheating: Russ Hamilton Admits In Audio Recording, 'I Did Take This Money'|
|1||Jamie Gold's World Series of Poker Main Event Bracelet Up For Auction|
|2||Doyle Brunson Bows Out Of World Series Of Poker|
|3||Gambling Lawsuit: Did Ivey Notice Defective Cards At London Casino En Route To Winning $12 Million?|
|4||Ultimate Bet Cheating: Russ Hamilton Admits In Audio Recording, 'I Did Take This Money'|
|5||High-Stakes Online Poker: Gus Hansen Approaching $10 Million Lifetime Losses On Full Tilt|
|6||Nevada To Add Gambler To 'Black Book' For First Time In Nearly Four Years|
|7||Phil Ivey Sues London Casino For Allegedly Stiffing Him On $12.1 Million|
|8||A Look At The Ultimate Poker Software: Nevada's First Real Money Online Poker Room|
|9||High-Stakes Online Poker: Gus Hansen Now Down $6 Million Since The Fall|
|10||Ben Tollerene Talks About Losing $1.7 Million In Single Session To Viktor Blom|