The Weekly Gaming Business Wrap -- 12/1/12
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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||High-Stakes Poker Player Paul Phua Arrested In Las Vegas For Allegedly Taking Bets On World Cup|
|2||November Nine Set For World Series of Poker Main Event Final Table|
|3||German Poker Cheat Gets Three Years In Prison|
|4||Blom Wins $500K Online During World Series Of Poker|
|5||A Poker Life: Jeff Madsen|
|6||Poker Strategy With Reid Young: Game Theory vs. Pot Odds|
|7||One Of Vegas' Oldest Casinos Finds Internet Poker|
|8||Jerry Yang's World Series Of Poker Watch On eBay|
|9||Poker Strategy With Ed Miller: Dominating Deep Cash Games|
|10||Poker Hand of the Week: 7/17/14|
|1||One Drop Winner Daniel Colman Didn't Talk To Media Because He Sees Poker 'As A Very Dark Game'|
|2||Pamela Anderson Divorces Rick Salomon Just Days After He Won $2.8 Million In 'Big One For One Drop'|
|3||Daniel Negreanu Had 87 Percent Of Himself In $1 Million One Drop Poker Tournament, Agent Says|
|4||Dozens Gamble On $1,000 Flips For World Series Of Poker Main Event Seat|
|5||Poker Pro Johannes Strassmann Dead At 29|
|6||Daniel Colman Wins $15.3 Million In 2014 World Series of Poker Big One For One Drop|
|7||It Appears Poker Legend Doyle Brunson Has Played His Last WSOP Main Event|
|8||Poker Pro Chad Brown Loses His Battle With Cancer|
|9||High-Stakes Poker Player Paul Phua Arrested In Las Vegas For Allegedly Taking Bets On World Cup|
|10||With Top-Two Finish In One Drop, Daniel Negreanu Takes Lead On All-Time Tournament Money List|