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||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|2||Man Loses $500K On Super Bowl, Sues Casino|
|3||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|4||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|5||Chris Moorman Headlines WPT L.A. Poker Classic Main Event Final Table|
|6||Chris Moorman Wins The 2014 World Poker Tour L.A. Poker Classic|
|7||2014 World Poker Tour L.A. Poker Classic Main Event Builds $5.1 Million Prize Pool|
|8||U.S. Lawmaker Wants To Ban Online Poker|
|9||Poker Hand Of The Week: 3/6/14|
|10||New Jersey Online Poker Event Sees Huge Field|
|1||Chan Pelton Banned From All World Series of Poker Events and Properties After Taking Single Tournament Chip|
|2||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|3||Man Loses $500K On Super Bowl, Sues Casino|
|4||High-Stakes Online Poker: Poor February Puts Blom Back In The Hole Lifetime On Full Tilt Poker|
|5||Police Arrest Two For Allegedly Using Fake Poker Chips At Maryland Casino|
|6||Crazy Gambling Stories From February|
|7||NBC National Heads-Up Poker Championship Not Running In 2014|
|8||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|9||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|10||Q&A With 2013 World Series of Poker Main Event Runner Up Jay Farber|