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||Poker Player Gets 2-3 Years In Prison For Fatal Punch|
|2||A Poker Life: Bryan Paris|
|3||Dan Gilbert Now Owns 100 Percent Of Ohio Casinos|
|4||Cancer Surgery Successful, Doyle Brunson Says|
|5||Jason Somerville Snags PokerStars Deal|
|6||Court Rules Against Gambler In Marker Case|
|7||Zinno Going For Back-To-Back WPT Titles At LAPC|
|8||Hooters Las Vegas Closes Its Small Poker Room|
|9||Federal Online Gaming Ban To Have Hearing Thursday|
|10||Don't Bet On CA I-Poker This Year Or Next Year|
|1||Poker Player Arrested At Final Table, Finishes 3rd|
|2||PokerStars Sues Erick Lindgren For $2.5 Million|
|3||High-Stakes Poker Player Strikes Deal In Bomb Case|
|4||Poker Legend Doyle Brunson To Undergo Cancer Surgery|
|5||Horseshoe Cincinnati Cancels WSOP Circuit Stop|
|6||Online Poker: Phil 'Polarizing' Ivey Loses $600,000|
|7||Web Poker: Phil Ivey Loses Another $600K|
|8||Man Turns Himself In Years After Casino Heist|
|9||CEO Wins $1M At Blackjack, Drops $300K On Dinner|
|10||PokerStars And Vanessa Rousso Part Ways|