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||Negreanu At WSOP National Championship FT|
|2||Harwood Wins 2015 WSOP National Championship|
|3||Pit Boss: Whale Shenanigans At All-Time High|
|4||Gambler Sues Casino Over Roulette Ball Injury|
|5||Jason Les: 'Future Is Pretty Strong For Poker Bots'|
|6||5 Crazy Hands From Super High Roller Cash Game|
|7||Casino To Pay Poker Dealers $100K In Settlement|
|8||Watch Super High Roller Celebrity Shootout Tonight|
|9||Crazy Gambling Stories From July|
|10||Poker Stabilizing, Other Casino Games Thriving|
|1||Negreanu Busts Hellmuth Deep In WSOP Main Event|
|2||November Nine Set In 2015 WSOP Main Event|
|3||Negreanu Finishes 11th In WSOP Main Event|
|4||2015 WSOP Main Event: Negreanu Headlines Last 27|
|5||Hellmuth, Ivey Battle At Crazy Day 1 Table|
|6||Money Bubble Looms at 2015 WSOP Main Event|
|7||Neuville Leads 2015 WSOP Main Event After Day 5|
|8||Kelly Minkin: Last Woman In WSOP Main Event|
|9||Main Event: Nearly 1K Players Eliminated On Day 2AB|
|10||Phil Ivey Countersues Borgata Over Disputed $9.6M|