Gambling News - Page 23

Rhode Island Voters May Pass Gambling ExpansionShould Rhode Island voters have a chance to say yea or nay to full-scale casino gambling at Twin River and Newport Grand? That question will be up for debate Wednesday when the Senate Committee on Constitutional & Regulatory Issues holds a public hearing on a bill to put that question on the ballot during the next statewide general election.

Tax Relief From Pennsylvania Casino ProfitsProperty taxes for residents of Southwestern Pennsylvania will fall by as much as $407 next year, offset by taxes on casino profits that will go to school districts, officials said Monday.

World Series of Slots Crowns First ChampionThe first-ever World Series of Slots™ tournament, held in April at the Golden Nugget Hotel & Casino, welcomed 280 competitors battling head-to-head through eight exciting rounds, and gave away a total of $262,000 in prize money.

MGM Mirage Profits are on the RiseNo one was surprised that MGM Mirage reported a decline in net earnings during the first quarter. That was old news. Wall Street wanted to know Monday if business at MGM Mirage's nine Strip resorts was picking up.

European Poker Tour Crowns Monte Carlo Event ChampionThe PokerStars.com European Poker Tour has a new Grand Final champion. Pieter de Korver, 26, from Leeuwarden, Holland, a member of the new Team PokerStars Pro Netherlands, has won €2.3million at the richest poker tournament ever held outside Las Vegas.

Washington D.C. Chairman to Introduce US Online Gambling LegislationBarney Frank (D-MA), Chairman of the House Committee on Financial Services, today announced plans to introduce legislation tomorrow to establish an enforcement framework for licensed gambling operators to accept wagers from individuals in the U.S.

CryptoLogic Launches Jenga and Other Popular Board GamesCryptoLogic Limited, a world leader in Internet casino and branded gaming software, today announced the launch of a new downloadable game lineup that features a video slot version of Jenga, one of the world's most popular and recognizable board games. The new game pack also features Buccaneers Bounty Video Slot Game and 4 Deck Atlantic City Blackjack.

Bet365 and GemStone Come to IT Infrastructure AgreementGemStone Systems, the leading provider of data infrastructure technologies, today announced that bet365, one of the world's leading online gambling groups, has selected its high-performance data management solution, GemFire, as part of a critical IT infrastructure expansion to support the company's rapid growth.

Tropicana Sale Approved by New Jersey PanelNew Jersey's Casino Control Commission yesterday unanimously approved an agreement of sale reached by the trustee for Tropicana Casino Resort and a group of lenders that includes billionaire developer Carl Icahn.

Mohegan Sun Second-quarter Revenues Fall 16%Revenues at Mohegan Sun fell more than 16 percent in January, February and March, but the losses were partially offset by a cost-containment program that reduced the casino's operating expenses by more than 18 percent.

50-1 Long Shot Kentucky Derby Victory Shakes Sportsbooks3-year-old gelding and jockey Calvin Borel shocked Kentucky Derby patrons and Las Vegas sportsbooks as they took the victory with 50-1 odds against them.

April Produces Stock Increases for Gaming IndustryFor the first time since August, gaming stocks collectively took a positive turn. The 10 casino operators and slot machine manufacturers charted by Las Vegas-based financial consultant Applied Analysis all showed double-digit increases in their average daily stock prices over their March totals.

Philadelphia Poll Shows Favor Toward SlotsIn a new poll of Philadelphians, slightly more than half favored bringing slots gambling to the city, and most liked the idea of a casino on the waterfront but not downtown.

Florida House Responds to Gambling Initiative with Counteroffer counteroffer on casino gambling from the House on Friday has nothing about blackjack and slots for Palm Beach County but a second dog track could be in the cards.

Casino Construction in Atlantic City Effected by Credit CrunchCredit markets are key to funding new casino projects in Atlantic City. With the nation in a credit crunch Atlantic City casino developers are unsure when projects will be complete, if ever.

CityCenter Finally Reaches Funding Agreement with InvestorsMGM Mirage and Dubai World ended a 5-week-old public feud Wednesday by agreeing to a comprehensive plan to fully fund and complete the $8.5 billion CityCenter development.

Florida Lawmakers Likely to Reject Gambling DealThough they're raising fees and taxes to fill a budget hole, state lawmakers appear likely to reject at least $355 million from gambling interests because they're struggling to find common ground.

Caesars Windsor Unveils 50 New Slot MachinesCaesars Windsor displayed 50 new slot machines Wednesday -- including some making a world debut -- by letting customers take them for a spin.

Minnesota Blocks All Online Gambling WebsitesThe Minnesota Department of Public Safety (DPS) Alcohol and Gambling Enforcement Division (AGED) today announced that it has served written notice to 11 national and regional telephone and Internet service providers (ISPs) instructing them to prohibit access of all Minnesota-based computers to nearly 200 online gambling websites. Online gambling is illegal in all U.S. states.

ClubWPT Begins World Series of Poker Satellite PromotionsStarting May 1, members of the World Poker Tour's subscription poker website, www.ClubWPT.com, will have the chance to win entry into the 2009 World Series of Poker (WSOP) main event. In addition to the $10,000 buy-in, winners will also receive $1,000 in travel allowance.

After Long Battle, Bonomo Wins World Series of Poker Circuit EventAfter several circuit losses, Justin Bonomo earned his first career gold ring and $227,692 in prize money.

Get a Seat at 2009 WSOP Main Event for Cheap with BodogThe rush is on for online poker players looking to qualify for the 2009 WSOP* Main Event—poker's richest and most prestigious tournament. Making qualifying cheaper and easier than ever before is Bodog.com Poker!

Steve Wynn Looking to Buy Back BellagioNine years after selling Mirage Resorts to MGM Grand Corp., Steve Wynn may be looking to buy back some of the Strip properties he originally designed and built. Wynn, now chairman of the company that owns Wynn Las Vegas and Encore, told Bloomberg News on Tuesday he would be interested in acquiring casinos owned by debt-strapped MGM Mirage if the Strip casino giant is forced to sell some of its assets to pay down debt.

Swine Flu May Effect Las Vegas TourismMexico appears to be ground zero for the swine flu outbreak, but the biggest fallout for Las Vegas could come from a response that shuts down travel.

Will Ohio Casino Initiative Effect Michigan?Forget the football rivalry. The Buckeye State is suiting up to challenge Michigan in an even bigger game: casino gambling.