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Churchill Downs working on online gambling platform

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Miss. River casinos' revenues fall; Gulf Coast properties see gains July 25, 2014 by Staff & Wire Reports

Gambling revenues tumbled in Mississippi’s river region in the first month after Harrah’s Tunica Hotel & Casino closed, but the trend didn’t worsen much. Meanwhile, Gulf Coast casinos posted their best June in years.

SugarHouse breaks ground on long-planned expansion July 24, 2014 by Staff & Wire Reports

SugarHouse Casino has broken ground on a long-delayed $164 million expansion of its property in lower north Philadelphia’s Fishtown neighborhood. The expansion is focused on enhancing the casino’s non-gambling offerings.

Biloxi's Margaritaville casino closing by Sept. 19 July 23, 2014 by Staff & Wire Reports

Biloxi’s Margaritaville Casino & Restaurant will waste away by mid-September, with the casino saying it can’t raise more money because the landlord won’t renegotiate the lease. The casino announced that it will close on or before Sept. 19.

Revel's potential is still attracting possible buyers July 22, 2014 by Phil Hevener

Gaming Insider | Potential buyers for Atlantic City's Revel other than Icahn could be Caesars, Golden Nugget owner Tilman Fertitta and perhaps the Hard Rock brand owned by Florida’s Seminole Indians.

Dog racing dying with spread of casino gambling July 21, 2014 by Ray Poirier

Cheaper to operate than the larger horse tracks, greyhound facilities were encouraged to extend their race meets to generate more tax dollars through their pari-mutuel wagering systems. But, that was before the spread of casino gambling.

EU online gambling growth called 'explosive' July 21, 2014 by Ray Poirier

Online gaming is growing at “explosive levels,” say officials of the European Union. Last week, EU officials called for tighter rules to regulate online gambling to offer more protection for minors and to better oversee a fragmented market.

Tourism officials report increase in convention bookings July 21, 2014 by Ray Poirier

Tourism officials in northern Nevada are reporting seeing “significant” increases in convention bookings that they have identified as “some very positive momentum.”

LVS temporarily stops construction on Macau resort July 21, 2014 by Ray Poirier

Las Vegas Sands has temporarily stopped construction on the Parisian, the Macau resort on the Cotai Strip that has been targeted to open in the second half of 2015, pending certain approvals.

IGT, CHDN and MGM announce financial release dates July 21, 2014 by Ray Poirier

Among the gaming companies that have announced dates and times for their quarterly financial results are Dover Downs Resorts & Entertainment, International Game Technology, Churchill Downs Inc., and MGM Resorts International.

Fitch Ratings cuts estimates of N.J. online winnings July 21, 2014 by Ray Poirier

Expressing pessimism about the prospects for Internet gambling in New Jersey, Fitch Ratings has cut its already-conservative estimate on the state’s online winnings by more than half.

Churchill Downs working on online gambling platform July 21, 2014 by Ray Poirier

Having failed to get an online gaming license in New Jersey, Churchill Downs Inc. (CHDN) reportedly is working on developing an Internet gambling platform at its headquarters in Louisville, Kentucky.

MTR Gaming Group sold to Eldorado Resorts LLC July 21, 2014 by Ray Poirier

Shareholders of MTR Gaming Group Inc. (MNTG) have approved the sale of the company to Eldorado Resorts LLC of Reno, Nevada. The owners of the company’s outstanding stock approved the merger with the company that is headed by Gary Carano. 

Iipay Nation to focus on online poker site July 21, 2014 by

The Iipay Nation of Santa Ysabel has scrapped its casino in North County, California, and will concentrate on operating an online poker site. But, is it legal?

MGM Springfield casino target of anti-casino movement July 21, 2014 by Ray Poirier

Since MGM Resorts International (MGM) will get the first of three casino licenses in Massachusetts for a gambling complex in the City of Springfield, a group that opposes casino gambling has begun targeting that city for voter support in November.

Cherokee Nation announces plans for Okla. casino July 21, 2014 by Ray Poirier

The principal chief of the Cherokee Nation says the tribe will soon begin work on a new casino in northern Oklahoma, near the border with Kansas. The new casino in South Coffeyville will create about 100 jobs in the area.

Instant Racing supporters push for state approval in Neb. July 21, 2014 by Ray Poirier

There is another battle brewing over an item to be decided by the voters in November. This one involves Instant Racing machines that offer pre-run races on which people can bet.

Casino gaming means jobs in Detroit, Mich. says AGA July 21, 2014 by Ray Poirier

Gaming means jobs and the City of Detroit, Michigan is a perfect example. The city’s three commercial casinos employed 7,633 permanent workers and paid its employees $401 million in wages, benefits and tips in 2013.

Casino Insider - July 22, 2014 July 21, 2014 by Ray Poirier

Casino Insider | Read the latest casino industry news bites about MGM Resorts International (MGM), Cubet, Inc. (CRPT), Missouri casino news, Station Casinos’ Ultimate Gaming and so much more.

Bally Tech installs world's largest progressive July 21, 2014 by Staff & Wire Reports

Bally Technologies Inc. (BYI) announced Monday it was partnering with Mohegan Sun in Uncasville, Connecticut to install the world’s largest table game progress jackpots.

Prince George's Co. OKs MGM casino at National Harbor July 21, 2014 by Staff & Wire Reports

A building plan for a $925 million MGM casino and hotel near the nation’s capital has been approved by local officials in Maryland. A Prince George’s County panel meeting in Upper Marlboro voted 8-1 for the plan at National Harbor Monday.

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Casino Industry

Dog Racing Dying with spread of casino gamblingDOG RACING DYING

With spread of casino gambling

During the 1960’s and 70’s, greyhound racing flourished in many states throughout the country. But, that was before the spread of casino gambling. Now, casinos are feeling the impact of over-abundance while most dog tracks have been shuttered.

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