Andy Bloch wasn’t the only member of the MIT Blackjack Team that took casinos around the world for millions of dollars in the 90’s, but the title of the novel that chronicles that incredible run – “Bringing Down the House,” – could easily be assigned just to him. Since graduating from high school, Bloch has […]
Tag Archives: casinos
As reported by the Charlotte Observer: “State senators voted Monday to end video poker gambling throughout most of North Carolina next year, ending a seven-year battle to rid the state of a form of gambling that opponents have described as a scourge. “‘If you have a cause you believe in, stick with it,’ said Sen. […]
Thunderbird Resorts, Inc. (“Thunderbird”) announces: In Chile, Thunderbirdis participating in public bids to secure new casino licenses. Under the newChilean casino law, up to 17 new licenses are in the process of beingawarded in 2006. The Company has had a very active business developmentpresence in Chile since July 2003, with the objective of securing 2 […]
As reported by the CJOB News: “Manitoba Lotteries has laid-off 16 casinoinvestigators. “Vice President of Corporation Security Gerry Boose tellsCJOB the move will save MLC around one million dollars annually. “.He saysthose responsibilities will now be covered by security guards at the casinosand corporate investigators.”
Las Vegas Sands Corp. has secured a $2.5 billion financing package to fundits gaming projects in Macau. Analysts consider the loan, which comes fromsix different banks, to be the largest single credit facility ever given toa nongovernment entity in China. The loaned money will be used to fund anexpansion of the casino at the existing […]
As reported by the Australian: “Three months after James Packer and his Hong Kong joint venture partner Lawrence Ho agreed to spend $US900 million ($1.2 billion) buying a Macau casino licence, it is now valued at $US1.36 billion. “The valuation, done by Hong Kong firm American Appraisal, was released to the Hong Kong Stock Exchange […]
Art Frank, former President and CEO of Casino Rama, has been named President of Niagara Casinos by the board of directors of Falls Management Company (FMC). As President of Niagara Casinos, Mr. Frank will be responsible for the day-to-day operation of both Fallsview Casino Resort and Casino Niagara. While with Casino Rama, Mr. Frank spearheaded […]
As reported by the Detroit News: “While MGM Grand Detroit and MotorCity casinos are working furiously to build lavish new permanent hotel-gaming complexes, Greektown Casino remains tangled in red tape that has prevented it from placing its first shovel in the ground. “The delays could end up costing Greektown Casino tens of millions of dollars […]
As reported by the Louisville Courier-Journal: “A potential $10 million subsidy for Arlington Park, Churchill Downs Inc.’s Chicago-area racetrack, faces a challenge from casino operators, who contend that a new Illinois law is unconstitutional. “Last Friday, Gov. Rod Blagojevich signed the bill, which calls for a two-year subsidy of horse racing by riverboat casinos. “Yesterday, […]
As reported by the San Francisco Chronicle: “Gambling in California, fueled in large part by the expansion of Indian casinos, has grown into an industry worth more than $13 billion a year, according to a report released Wednesday by the state attorney general. “Indian casino revenue made up the biggest single chunk, with an estimated […]
As reported by Buffalo Business First: “Wednesday is the last day for smokers to light up at Canadian casinos, then business could light up on this side of the U.S.-Canada border. “That’s what The Seneca Nation of Indians is hoping for when a smoking ban goes into effect at Canadian gaming establishments June 1st. “The […]
Two casinos in Clark County have agreed to pay fines for violating state gaming regulations – one for permitting a 6-year-old girl to take part in a casino drawing and the other for accounting discrepancies. In a proposed settlement with the state Gaming Control Board, Terrible’s Hotel on Paradise Road agreed to pay a $10,000 […]
Just as the biggest gaming companies grew through consolidation last year, executive pay packages also fattened, reflecting larger responsibilities and record corporate profits. As they have in the past, casino bosses topped the list of the highest-paid executives in Las Vegas in 2005. The Sun’s sister publication, In Business Las Vegas, compiled the list, using […]
As reported by Globe Street: “Designs by developers of five different proposed casinos here received criticism by a panel of architects and urban planners during “Slots and the City: A Public Design Forum.” It was held at the Pennsylvania Convention Center just ahead of the Pennsylvania Gaming Control Board’s June 2 deadline for public comment, […]