December 20th, 2010 – by Glen Farmer The Kansas Lottery Gaming Facility Review Board has granted a license to Peninsula Gaming for the Sumner County casino on Wednesday. The $260 million dollar casino proposal by Peninsula was chosen due to the suspicion that the casino will carry potential for generating more revenue than the competition. … Read more
December 19th, 2010 – by Glen Farmer The smallest casino in Atlantic City, the Atlantic City Hilton Casino Resort is at risk of foreclosure, and is in default of its mortgage. In order to prevent lenders from seizing the gaming hall, the casino’s operators are going to attempt to prevent their casino from being seized. … Read more
December 18th, 2010 – by Glen Farmer According to the Associated Press, Churchill Downs Inc. has finalized the purchase of a casino hotel in Mississippi for approximately $138 million dollars. A public ceremony will take place on Friday to mark the transfer of ownership of Harlow’s Casino Resort & Hotel in Greenville Mississippi. Established on … Read more
December 17th, 2010 – by Glen Farmer Foxwoods has finally lost their license for a casino in Philadelphia. After four years of stalling and hang ups, the Pennsylvania Gaming Control Board has finally revoked the license that Foxwoods controlled to operate a casino in Philadelphia. A vote of 6 to 1 on Thursday left Foxwoods … Read more
December 16th, 2010 – by Glen Farmer Officials in Laurens County stated that 11 businesses in the county have been shut down after a string of gambling raids found a series of illegal video lottery terminals operating in the businesses. The businesses were investigated after complaints from the community had raised suspicions about the locations. … Read more
December 15th, 2010 – by Glen Farmer The Bellagio is the most recent casino in Vegas to fall victim to a robbery. A daring heist, perpetrated by a lone gunman, ended with the robber running off with $1.5 million dollars in chips. Clad in biking gear, including a helmet with an opaque visor, the man … Read more
December 14th, 2010 – by Glen Farmer After a series of protests regarding the distribution of funds related to oil spill compensations, casino employees may soon be entitled to receive reparations for damages related to the oil spill in the Gulf of Mexico. Recently, the agency charged with the task of paying Gulf of Mexico … Read more
December 13th, 2010 – by Glen Farmer A study has found that casinos in Indiana could save approximately $1 million dollars per riverboat per year if a new proposal is passed that would allow gambling companies to change the way their boats operate. The proposal would allow the gambling companies to cease using motors, crews, … Read more
December 12th, 2010 – by Glen Farmer A poll by Public Policy Polling has shown surprising results – Minnesota voters would, according to the survey, rather watch the Vikings leave than pay for a new stadium through a tax hike. Equally surprising was the fact that voters would be more comfortable with expanded gambling in … Read more
December 11th, 2010 – by Glen Farmer In November, Atlantic City’s casinos reported a 13 percent decline in revenue over the month. The new Jersey Casino Control Commission released the information on December 10th, showing a decline to $261.7 million. Slot machine revenue dropped 12 percent from a year earlier, while table game proceeds declined … Read more