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||Bilzerian Hires Casey Anthony's Former Attorney|
|2||North Carolina Busts Alleged $20M Gambling Ring|
|3||Bellagio WPT Five Diamond Draws 582 Entries|
|4||Reid: Online Gambling Ban Efforts Next Year|
|5||Poker Strategy: Categorizing Recreational Players|
|6||Poker Hand of the Week: What's Your Play?|
|7||Trump Taj Mahal Gets Last-Minute Reprieve|
|8||Web Poker: Alex Luneau Has Rough Week|
|9||Mohsin Charania Wins WPT Five Diamond Main Event|
|10||New York Picks Three Winners For Upstate Casinos|
|1||Dan Bilzerian Facing Felony Charge In Nevada: Report|
|2||Miss Finland Runs Crazy Bluff On Ronnie Bardah|
|3||Martin Jacobson Talks About His Main Event Win|
|4||Edward Norton: 'Possibility Of Rounders 2'|
|5||Phil Ivey Continues Online Poker Upswing|
|6||Man Robs Bank To Continue Gambling Session|
|7||Here's The Criminal Complaint Against Dan Bilzerian|
|8||Bilzerian Hires Casey Anthony's Former Attorney|
|9||Gus Hansen Returns To Online Poker, Drops $132K|
|10||Online Poker: Phil Ivey Drops $800K|