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.
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|2||Gambling Grandmas Busted By Police In Florida|
|3||Poker Strategy: Revamping Your Game|
|4||Ditka's Son Gets Anger Management For Casino Altercation|
|5||Poker Strategy With Roy Cooke: Value And Risk|
|6||Teen Sentenced For Cyber Attack On Gambling Site|
|7||Poker Strategy: Playing Paired Boards|
|8||Online Poker: Dan Cates Wins $263,000|
|9||Painting Of Dogs Playing Poker Sells For $658K|
|10||Nevada Attorney General Supports Web Poker Ban|
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|2||Alex Jacob Wins Jeopardy ToC|
|3||2015 WSOP November Nine Resume Play On Sunday|
|4||Watch Negreanu Bubble WSOP FT In Dramatic Fashion|
|5||Alleged WSOP Cheat To Be Paid Prize Money|
|6||McKeehen Still Leads WSOP Main Event Final Table|
|7||WSOP Releases Betting Lines For Final Table|
|8||A Statistical Look at the WSOP Main Event Final Table|
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|10||Man Arrested For Slapping Fellow Poker Player|