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||Portland Asks Poker Rooms To Have Players Deal|
|2||Holz Wins 2016 EPT Barcelona €50k High Roller|
|3||Poker Player Accuses Preet Bharara Of Racism|
|4||Phelps Playing Cards Shortly Before Race|
|5||Poker Strategy With Ed Miller: When Limping Is Good|
|6||PokerStars Rebrands Live Events Starting In 2017|
|7||Revel Owner Looking To Abandon Reopening Plans|
|8||PPA, PokerStars Opposing CA Web Poker Bill|
|9||Poker Hand of the Week: What's Your Play?|
|10||A Poker Life: Harrison Gimbel|
|1||Police Raid Phoenix $2-$5 No-Limit Hold'em Game|
|2||Marcel Luske Accuses PokerStars Of Fraud|
|3||Trump Picks Poker-Playing Billionaire As Adviser|
|4||Brunson Says He Was Intended Victim Of Robbery|
|5||Damon Says 'Rounders 2' Would Be About I-Poker|
|6||Mercier Appears On 'The Dan Le Batard Show'|
|7||Portland Asks Poker Rooms To Have Players Deal|
|8||Jason Koon Wins 2016 SHRPO Championship Event|
|9||Gambler Has Sweat After Putting $10,000 On Team USA|
|10||Holz Wins 2016 EPT Barcelona €50k High Roller|