Nevada Casino Taxes Will Rise If Proposed Initiative Passes
The political battle in the state of Nevada is about to become even more competitive after a group filed an initiative Tuesday that would raise taxes on existing casinos.
Seminoles Kick Off Grand Opening Party For Casino Expansion
The Seminole Coconut Creek Casino was once a small facility with a couple hundred slot machines, but this week, the Seminoles have held grand opening parties related to the tribe’s $150 million expansion of the gaming facility.
Ohio Gaming Regulators Establish Initial Rules For Casinos
The Ohio gaming industry now has their first handbook on what they can, and cannot, do. Regulators released the first version of the rules on Thursday, and casinos may have to hire consultants to understand the full scope.
Macau Casino Revenue Rises Again In January
Macau casino revenue is expected to level off at some point this year, but that has not been the case in early 2012. In January, revenue at Macau casinos was up 35% from the same period last year.
Adelson Lobbying For Gambling Expansion In Florida Through Gingrich
Las Vegas Sands CEO Sheldon Adelson has found a way to lobby for casino resorts in Florida without stepping foot in Tallahassee. The gaming tycoon has pumped $10 million into the campaign of Republican presidential hopeful Newt Gingrich.
Mississippi Casino Revenue Drops To Lowest Point Since 1998
The Mississippi casino industry received bad news again this week when the Department of Revenue showed that gaming revenue at state casinos dropped for the fourth straight year.
Police Help Anti-Casino Groups In With Prostitution Bust
Authorities in Pennsylvania showed evidence this weekend that anti-casino groups were correct back in 2009 when they predicted a new casino would bring increased prostitution. On Friday, five women were charged at Sands in Bethlehem.
Atlantic City Casino Fined While Pennsylvania Revenue Soars
This week has exemplified the different directions the Pennsylvania and New Jersey casino industries are headed. An Atlantic City casino was fined for allowing underage gambling, while Pennsylvania casino revenue soared.
MGM Resorts Enters Western Massachusetts Casino Race
MGM Resorts has plans of grand expansion throughout the US, and this week the company unveiled plans to build a mega-resort in Western Massachusetts, where only one license is available.
Nevada Casino Revenue Rises In November, Gaming Stocks Rise
Revenue At Nevada casinos rose in November by over seven percent, leading to an increase in confidence from investors that the gaming industry is rebounding from the recession.