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||Jeopardy Fans Irked By Alex Jacob's Playing Style|
|2||Poker Player's Unorthodox Strategy Crushes Jeopardy|
|3||Alex Jacob Challenged On Fourth Jeopardy Appearance|
|4||Oregon Woman Wins Three Straight Poker Tournaments|
|5||Woman Found Guilty In Poker Player's Murder|
|6||Alex Jacob Ups Jeopardy Win Streak To Five|
|7||Former Poker Pro Dominating On 'Jeopardy'|
|8||Poker Pro Phil Ivey Appears In Chrysler Commercial|
|9||Poker Strategy: How To Beat A Very Loose Game|
|10||Guy Laliberté Selling Cirque du Soleil: Report|
|1||Watch What Happens After This Player Slowrolls|
|2||Jeopardy Fans Irked By Alex Jacob's Playing Style|
|3||Poker Player's Unorthodox Strategy Crushes Jeopardy|
|4||Poker Legend Dave 'DevilFish' Ulliott Passes Away|
|5||Judge Denies Ivey's Request To Dismiss Borgata Case|
|6||Alex Jacob Challenged On Fourth Jeopardy Appearance|
|7||Online Poker: Jean-Robert Bellande Wins $121K|
|8||Oregon Woman Wins Three Straight Poker Tournaments|
|9||Woman Found Guilty In Poker Player's Murder|
|10||Alex Jacob Ups Jeopardy Win Streak To Five|