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||Jon Turner Wins CPPT Venetian Main Event|
|2||Damon Says 'Rounders 2' Would Be About I-Poker|
|3||Poker Strategy: Beware Of Unforced Bets|
|4||Jon Little: Top Poker Pro Becomes Top Instructor|
|5||POY: WSOP Main Event Champ To Earn 3,300 Points|
|6||Trump Running Mate Has Anti-Online Poker History|
|7||Poker Strategy: Maximizing River Value in Position|
|8||Maryland Live! Sues MGM Over High Roller List|
|9||Michigan Men Get Prison For Poker Home Game Robbery|
|10||Wynn Boston Harbor Finally Gets Green Light|
|1||Poker Pro Folds Quads To All-In Bet In Main Event|
|2||Final Nine Set For 2016 WSOP Main Event|
|3||Fedor Holz Wins 2016 WSOP $111,111 High Roller|
|4||Man Runs Up $10K Into One Drop Buy-In Playing BJ|
|5||Phil Ivey Enters First And Only WSOP Event In 2016|
|6||Raymer Not Impressed By Being Last Former Champ Left|
|7||Mercier Proposes To Girlfriend At Final Table|
|8||Man Pays $10K To Enter Ladies Event At 2016 WSOP|
|9||2016 WSOP Main Event: 80 Players Remain After Day 5|
|10||Money Bubble Bursts In 2016 WSOP Main Event|