Caesars Entertainment Acquires Land for Its Multimillion Casino Project in South Korea

by December 31, 2014

A few days ago, it was announced that a consortium of several companies, including a subsidiary of U.S. gaming operator Caesars Entertainment Corp., inked a $95.9-million conditional deal for the acquisition of land, which is intended for the construction of a casino in Incheon, ...

The Montreign Casino Resort Expected to Bring Catskills’ Long-Awaited Revival

by December 30, 2014

After the $630-million project for the Montreign Casino Resort in the Catskills area got the nod from the state of New York, residents of the nearby village Monticello are now hoping for the revival of the place that was once a thriving tourist mecca.Locals claim that in the ...

Legends Casino Expansion on Budget and on Schedule

by December 29, 2014

The construction of the $90-million expansion of the Legends Casino, property of the Yakama Nation, is in process. The multimillion revamp involves the building of a six-story hotel which will offer about 200 rooms to its guests. The already established casino venue is also under ...

Steve Wynn Shares Information about His Everett Project

by December 28, 2014

Popular American business magnate Steve Wynn revealed more details about his Everett project. The developer shared that he had given up on the original design of the resort. Instead, the new building will sport a slightly curved shape, very similar to that of his Encore and Wynn ...

Casino Bill in Japan Might Get Approval by the End of 2015

by December 27, 2014

Japanese Prime Minister Shinzo Abe, who was re-elected a few days ago, stated that he will do his best to bolster his country’s economy by means of his suite of measures known as ‘Abenomics’. According to Dr. Kazuaki Sasaki, an Assistant Professor at the Nihon U ...

Traditions Resort & Casino Backs Tioga Downs Casino & Racing Planned Expansion

by December 26, 2014

It was announced a few days ago that developers and legislators from the Southern Tier region asked for the Gaming Facility Location Board to reconsider its decision to award licenses to three casinos in the state of New York.As a part of their request, the so-called Traditio ...

Delaware Reports an Increase in November Online Gambling Revenue

by December 25, 2014

The state of Delaware has announced its November online gambling revenues a few days ago. Back in October, the amount of $130,468 was generated, the lowest for the past twelve months. However, the state posted a 42% increase in November, reaching the amount of $184,898.The ba ...

Mukul Pahuja Finishes First at the WSOP Circuit Harrah’s Atlantic City $1,675 Main Event

by December 24, 2014

The 2014/2015 World Series of Poker Circuit has completed its $1,675 Main Event, the last one for 2014. It was held at Harrah’s in Atlantic City and a total of 460 players took part in it. The prize pool amounted to $690,000. It was Mukul Pahuja who emerged victorious to capture ...

Caesars Entertainment Operating Co. Expected to File for Bankruptcy in January

by December 23, 2014

A few days ago, it was announced that Caesars Entertainment Corporation’s main operating unit is planning to file for Chapter 11 bankruptcy protection in the beginning of 2015. Thus, the gambling operator will be able to reduce its debt by more than a half.Currently, th ...

Las Vegas Sands Corp. Allowed to Resume the Construction of The Parisian

by December 23, 2014

Yesterday, casino and resort operator Las Vegas Sands Corp. announced that the government of Macau has given all the approvals that its subsidiary company Sands China Ltd. needed so as to complete its $2.7-billion project – a Paris-themed gambling venue called The Parisian.Sh ...

Andrew Lichtenberger Wins the World Poker Tour Alpha8 in Las Vegas

by December 22, 2014

The World Poker Tour Alpha8 Las Vegas was held at the Bellagio in Las Vegas between December 18 and December 20. A total of 55 players paid the $100,000 buy-in fee to take part in the event and the prize pool amounted to $5,395,500. Andrew “Lucky Chewy” Lichtenberger ...

Study Shows the Importance of Gambling Industry to Iowa’s Economy

by December 20, 2014

Oxford Economics announced the results of its 28-page study for the American Gaming Association (AGA) on Iowa’s eighteen licensed gambling venues and their revenues. According to the research, the state’s casinos contribute $2.5 billion to local economy.A total of ...

Baton Rouge Casinos Report Decrease in November Revenue

by December 19, 2014

Baton Rouge’s casinos announced their revenues for November. All three riverboat venues in the city marked a 10.1% drop in overall turnover as compared to the numbers that were posted this time last year.The casinos generated the amount of $21.7 million in November 2014 ...

Lago Resort & Casino’s Application Backed by the New York State Board

by December 19, 2014

After Lago Resort & Casino got the nod from New York regulators, Jimmy Wilmot, a key figure for the $425-million project, announced the operator will start hiring and training casino workers by the summer of 2015.Mr. Wilmot pointed out that additional checks need to be ca ...

The Czech Finance Minister to Propose New Gambling Taxes

by December 18, 2014

It was announced that the Finance Minister of the Czech Republic Andre Babis is going to present a proposal for a hike in gambling taxes on Friday, December 19. Annually, the government receives a total of CZK8 billion or US$359 million from taxes. If Mr. Babis’ proposal is ...