As reported by the Gary Post Tribune: “Gov. Mitch Daniels said a state probehas begun to uncover evidence that the backers of a private foundationbenefited personally from the $14 million in casino taxes intended for theresidents of East Chicago. “The Attorney General’s Office and the IndianaDepartment of Revenue are heading the probe. “If the investigation […]
Tag Archives: casino
As reported by the Philadelphia Daily News: “Keeping accurate score ofpublic support or opposition is hardly an exact science. But based on thefirst full day of public commentary on Philadelphia casinos, it’s a safe betthat the Foxwoods casino faces the most daunting battle for public supportin the high-stakes bid for one of two state licenses. […]
As reported by the Buffalo News: “Buffalo Sabres owner B. Thomas Golisanosaid Tuesday that while he is late in opposing the Seneca Nation’s newBuffalo Creek casino – and its “video crack” slot machines – he is willingto help the litigants suing to block the development in state and federalcourts. “.The Seneca Gaming Corp. has the […]
As reported by the San Francisco Chronicle: “Voters in Colma on Tuesdaysupported unlimited betting at a local casino in poker and Asian games in anadvisory measure intended to sway the state Legislature to allow no-limitgambling. “.Unlimited betting was allowed from the time the Lucky ChancesCasino opened in 1998 until December of last year, when the […]
While competitors on the Strip tear down older hotels to make way forsparkling luxury resorts, investors buying the Riviera are doing theopposite. They see a market niche in nostalgia for the Las Vegas of decadesago. The investors – a geographically diverse group of experienced realestate investors including Brett Torino, Barry Sternlicht and Neil Bluhm –intend […]
When 39-year old Alan Sofer was in high school, one of his teachers hadhemophilia. A complication during surgery cost that teacher his life and theexperience has stayed with Sofer. At a recent weekly home game, a friendtold Alan about 2006 Game Night, an event at the ESPN Sports Zone in TimesSquare held to raise money […]
As reported by the Plain Dealer: “Business leaders put the money squeeze onracetrack owners and Cleveland’s would-be casino developers on Tuesday,submitting a third casino plan to the state. “The Greater ClevelandPartnership submitted ballot language that mimics a plan from the Learn andEarn Committee, which is proposing 10 slots parlors statewide. “There’s onebig difference – Cleveland […]
“The Casino Association of New Jersey Tuesday released results of a studythat estimated the gaming industry will generate more than $980 million instate and local taxes and other obligations in 2006. “These include moneyfor the Casino Revenue Fund, which pays for programs benefiting seniors andthe disabled, and the Casino Reinvestment Development Authority, fundsearmarked for development […]
Mount Airy Resort & Casino cleared another hurdle as the Paradise TownshipPlanning Commission voted unanimously Tuesday night to recommend that theTownship Board of Supervisors review and approve Phase I of a $360 millionplan to redevelop the site of the former Mt. Airy Lodge. “With this action,Mount Airy continues to be well ahead in seeking to […]
Empire Resorts, Inc. (“Empire”) today announced that its partner, the St. Regis Mohawk Tribe, was notified that the Department of the Interior’s Bureau of Indian Affairs (BIA) has completed its review of the Environmental Assessment (EA) for a proposed transfer of land into trust for a casino at the Monticello Raceway site. This review identified […]
Century Casinos, Inc. announced today that the Company has acquired the remaining 50% of all issued and outstanding shares of Casino Millennium a.s. (“CM”), Prague, Czech Republic, that were owned by Strabag AG, a non-affiliated Austrian company. The transaction has been closed on April 13, 2006.The total consideration paid was $680,000, including the buyout of […]
The Jackpot Factory Group, one of Microgaming’s elite casino groups with a wide array of games and incredible promotions, announced the launch of “Bonuses in Bloom” – a random gameplay promotion with up to $75,000 in cash prizes at stake. The bonuses will be raining down all month at All Slots Casino, All Jackpots Casino, […]
As reported by the Columbian: “A long-awaited study on the proposed Cowlitz Tribe’s casino complex advocates building a huge project that would employ nearly 3,200 people. “The draft environmental impact statement, prepared by Analytical Environmental Services of Sacramento, Calif., details a massive structure near La Center that would cost $510.3 million to build and contain […]
As reported by the Pittsburgh Tribune-Review: “Harrah’s Station Square Casino has the potential to ‘blow up’ traffic congestion on the South Side, an independent traffic engineer told the city’s Gaming Task Force today. “Chuck Wooster, president of David E. Wooster and Associates, raised questions about both Harrah’s and Majestic Star Casino, which would locate on […]