Gambling News - Page 21

Texas Folds on Expanding Legal Poker RoomsLawmakers have folded on their last chance this year to expand gambling in Texas, saying neither a budget crunch nor growing public interest can overcome staunch conservative opposition.

"What Happens in Vegas, Stays in Vegas" Makes a Come Back"Las Vegas has gone back to marketing itself as a place that will keep your secrets. After a year of flirting with tourism pitches that directly addressed the recession, the entertainment mecca is resurrecting its successful "What Happens Here Stays Here" campaign, which started in 2003.

Many States Looking to Gaming Expansion to Increase RevenueWith their own revenues in a freefall, some states are looking to tap into the popularity of March Madness and Super Bowl pools by legalizing sports betting to snag a cut of the billions of dollars in play.

Large Political Push for Legalized Online Gambling in USThe online gambling industry is waging a campaign in Congress to legalize Internet betting, arguing that it is here to stay and can be regulated and taxed. But opponents are raising moral objections.

Nevada Gold Aquires Three Washington CasinosNevada Gold & Casinos, Inc. has completed its previously announced acquisition of three casinos in the state of Washington. The casinos are The Crazy Moose Casino, located in Pasco, Coyote Bob's Roadhouse Casino, located in Kennewick, and the Crazy Moose Casino, located in Mountlake Terrace in close proximity to Seattle.

MGM to Sell Stocks and Bonds for Debt PaymentsMGM Mirage (MGM) unveiled Wednesday plans to sell $2.5 billion in stock and notes with some of the proceeds being used to buyback about $1 billion in debt maturing later this year.

Jay-Z and Ciara Concert Scheduled at the Perl Las VegasHip-hop mogul Jay-Z with special guest Ciara roll into The Pearl Concert Theater for two performances over Independence Day weekend. The stars return to The Pearl takes place on Friday, July 3 and Saturday, July 4, 2009 at 8:00 p.m.

Lawsuit Dropped by Station Casino's Bondholder bondholder challenging Station Casinos Inc.'s plan for a prepackaged bankruptcy filing and debt exchange has dropped his lawsuit against the Las Vegas company, its board of directors and its key executives.

Win $1 Million and a Porsche Cayman with PokerStars May Promo!The $1 Million Turbo Takedown tournament is one year old, and to celebrate PokerStars decided to turbo charge the prizes up for grabs by giving away a brand new Porsche Cayman S - the 10th Porsche to be awarded by PokerStars! Even better, they've lowered they're buy-in to the May edition of this $1,000,000 guarantee tournament from 5,000 Frequent Player Points (FPPs) to just 2,000!

€6.3 Million Online Progressive Jackpot Sets New World RecordWhen it comes to Online Progressive Jackpots, many games reach into the $1 million mark, but one particular slot machine, Mega Moolah, set a world record this week with a €6.3 million payout to a very lucky business man from Greece.

Americans Tell Obama Online Poker is a Top Tech IssueMore than 100 days into his presidency, after having asked for Americans to voice their opinions about important issues via the White House Citizen’s Briefing Book, Obama will be faced with the issue of legalizing online poker because it ranked as the top technology issue by the American people.

Atlantic City Faces Formidable Competition out of PennsylvaniaAs Pennsylvania's gambling market expands, analysts say Atlantic City's casinos haven't hit bottom yet.

WSOP and Rio Host Africa Celebrity-Charity Poker TournamentHow often do you get to rub elbows – literally – with some of the biggest names in Hollywood and in sports and do it in front of a national television audience on ESPN? The 2009 Ante Up For Africa Celebrity-Charity Poker Tournament on Thursday, July 2 at the Rio All-Suite Hotel & Casino in Las Vegas gives you this special opportunity as the only event of its kind where the general public can participate.

Green Day Concert Scheduled at Mandalay Bay Events Center Las VegasReprise Records’ Grammy Award-winning rock band Green Day has announced it will hit the road for its first tour of the United States and Canada in more than three years beginning in Seattle, Wash. in July. The first leg of the tour will cross North America throughout the summer and will include a performance at the Mandalay Bay Events Center Friday, Aug. 21.

Las Vegas Lay-offs Effecting Local EconomyMany Las Vegas gaming companies have laid off workers or reduced hours to trim their operating budgets.

Las Vegas Room Rates Begin to ReboundThe Strip's largest casino operator last week reported an uptick in room bookings and fewer convention cancellations. MGM Mirage executives said demand for the company's hotel rooms is high enough to warrant an increase in room rates, which have plummeted during the downturn.

Mississippi Governor Haley Barbour Looks to Surpass Atlantic CityMississippi is the third-largest casino market in the country and Gov. Haley Barbour has his eye on surpassing Atlantic City to become No. 2.

Russian President Firm on Reginal Zoning of All GamblingUsing uncharacteristically stern language, President Dmitry Medvedev told Federal Tax Service chief Mikhail Mokretsov last week that he would tolerate no delays in moving all gambling to special regional zones within two months.

FireKeepers Casino on Schedule for 2009 Summer OpeningAfter a year of construction and $300 Million invested, the FireKeepers casino in Battle Creek, MI is ready to open this summer and make an economic impact on Michigan.

New World Series of Poker Rules Could Hold Back HellmuthThe World Series of Poker's first high-stakes event starts on May 28. Which means we're just 18 days away from Phil Hellmuth's first temper tantrum of the tournament. A new discipline system, however, could render his next outburst his last.

Foxwoods Resort Casino Plan to Limit SmokingGov. M. Jodi Rell and the Mashantucket Pequot Tribal Nation have agreed on a plan to limit smoking and its effects at Foxwoods Resort Casino and MGM Grand at Foxwoods, the parties said Thursday.

Delaware Legislature Approves Sports Gambling BillThe Delaware legislature took the first step toward establishing sports gambling in the state, approving a bill early Friday morning that was opposed by every major sports league in the USA along with the NCAA.

Wisconsin Casino Pays out 77 Jackpots in 3 DaysSeventy-seven very lucky guests won an astonishing total of $269,000 in jackpots during an impressive winning streak from April 23 to the 26 at Lake of the Torches Resort Casino in Lac du Flambeau, Wisconsin.

Nevada Economy Seeing Signs of Stabilityyou're looking for some positive news within March's 11.6 percent decline in Nevada gaming revenues, we have some. The drop was the 15th straight month gaming revenues have tumbled in Nevada and the sixth consecutive month of double-digit declines. However, the percentage drop was the lowest during the past six months and the smallest monthly percentage decrease since September, when revenues fell 5.4 percent

Bodog Poker Open III Main Event Crowns 'Biffsworld' Champ"Biffsworld" bested the tough field to become Bodog.com's next poker champion, winning the $40,282.50 first-place prize for the third open main event.