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Monthly Archives: March 2006

LV Sands’ $2.76 Billion Stock Offer

Las Vegas Sands Corp. on Tuesday announced the seventh and eighth hotels for the casino operator’s Chinese Cotai Strip development, but the latest joint venture agreement was overshadowed by the company’s secondary stock offering that could land Chairman Sheldon Adelson and his family more than $2.76 billion. Before the stock market opened Tuesday, Las Vegas […]

GWIN Inc. Reports Record Results

GWIN Inc. announced today its second quarter results, which include significant increases in operating income and net income for both the quarter and the six month reporting period. For the three months ending Jan. 31, 2006, operating income increased to $637,918, compared to $231,306 for the same period in 2005, an increase of 176%. Net […]

The Inside Wagering Line: The Pinnacle Pulse

With March Madness upon us, millions will be completing tournament brackets for entertainment or profit. The first 32 games are the easiest of the batch to analyze. Knowing nothing at all about the teams, you can look at the spreads for each game at to get an idea of the likely outcome of each […]

Panel: New York County Can’t Handle Casinos

As reported by the Hudson Valley News: “The creation of casinos in Sullivan County could preclude their own doom, predicted Michael Edelstein, President of Orange Environment. “Edelstein was one of three on a panel who addressed the potential impact Sullivan County casinos would have on Orange County, at a gathering in Goshen, attended by about […]

Pennsylvania Slot Block Approved

As reported by the Pennsylvania Evening Sun: “The House backed an effort to stop a Gettysburg-area slots parlor Tuesday night, approving an amendment to the 2004 slots law that would ban any stand-alone casinos in Adams County. “Rep. Stephen Maitland, R-Gettysburg, sponsored the amendment that passed by a vote of 199-0. “The amendment was attached […]

Las Vegas Condo Market Discussed

Nobody really knows the depth of the high-rise condominium market in Las Vegas, though nearly 1,000 have been built and sold and another 5,800 are under construction, a local economist said Tuesday. John Restrepo, principal of Restrepo Consulting Group, predicted that 10,000 to 14,000 new units will come onto the market over the next five […]

NCAA Teams Up with Vegas Bookmakers

As reported by the Kansas City Star: “As March Madness and the inevitable gambling it inspires approaches, the NCAA is looking for help from an unlikely, if entirely logical, ally ? Las Vegas casino bookmakers. “A longtime foe of college sports wagering, the NCAA is sending an observer to Las Vegas over the next two […]

Missouri Gaming Commission Director Resigns

As reported by the St. Louis Post-Dispatch: “The state’s top gambling regulator is stepping down. “Kevin Mullally, executive director of the Missouri Gaming Commission for the last five years, will leave next month to become general counsel and government affairs director for Gaming Laboratories International Inc. “?Mullally, 42, announced his resignation at the commission’s meeting […]

Gulfside Casino Partnership, Harrah’s Close Property Deal

As reported by the Biloxi Sun Herald: “Rick Carter and Terry Green now own the Grand Casino Gulfport property. “Their company, Gulfside Casino Partnership, closed on the purchase of the property from Harrah’s Entertainment this morning in a ceremony on the seventh floor of the old Hancock Bank building. They plan to open a casino […]

Kansas Bill Heads to Senate

As reported by the Kansas City Star: “A bill authorizing two casinos and slot machines at dog and horse tracks, including the Woodlands, could be debated in the Senate as early as Thursday. “The bill earmarks 75 percent of the state’s share of gambling revenue for schools and 25 percent for local property tax relief. […]

Anti-Online Gaming Bill Pass in House

As reported by the Westfall Weekly News: “A U.S. House committee on Wednesday approved a bill aimed at stamping out the $12 billion Internet gambling industry by stopping businesses from accepting credit cards and other forms of payment. “The bill, cleared by voice vote in the House Financial Services Committee, would prohibit a gambling business […]

Arye Shrugs Off Raid

As reported by the CBC News: “Saskatchewan-born billionaire whose Costa Rican mansion was raided by police on the weekend is calling the raid a ‘golden opportunity’ to promote his internet gambling business. “Calvin Ayre was on the cover of Forbes’ ‘world’s wealthiest people’ issue last week and the business magazine says he’s worth in excess […]