The biggest casino operators have achieved their status not by building new resorts but through mergers and acquisitions. Harrah’s Entertainment acquired the Rio, Horseshoe Gaming Holdings, Caesars Entertainment and the Imperial Palace on its way to becoming the industry’s biggest player. Kirk Kerkorian’s MGM Grand swallowed Primadonna Resorts, Mirage Resorts and Mandalay Resort Group on […]
Tag Archives: casinos
The end of the bidding war for Aztar may finally have arrived. Kentucky-based Columbia Sussex Corp. topped its previous bid by $1 a share late Monday and Aztar Corp. declared the $54 a share offer superior to the company’s signed merger agreement with Pinnacle Entertainment. The $2.97 billion all-cash deal — which includes acquiring all […]
As reported by the Bellingham Herald (Washington): “The Nooksack Tribe plans to open a casino in March near the Canadian border between the Lynden and Sumas crossings. “The 35,800-square-foot Northwood Crossing Casino is expected to create 250 jobs with a $6 million payroll. Anyone can apply for jobs, although Nooksack tribal members would get preference..”The […]
As Reported by the Inquirer :”The gambling subsidiary of Morgan Stanley has acquired 20 acres on the Boardwalk to develop what will be Atlantic City’s 13th casino. “The Wall Street firm confirmed it paid about $74 million for the land, which had been controlled by a group of developers and the Atlantic City Housing Authority. […]
As reported by the Tribune-Review (Pennsylvania): “The former kingpin of Western Pennsylvania’s largest video poker empire was sent back to federal prison Wednesday for returning to his old ways — running an illegal gambling operation and associating with known felons. “John Francis ‘Duffy’ Conley, 43, of the South Side, was sentenced to four years by […]
Las Vegas-based Herbst Gaming pushed into Northern Nevada’s casino market Wednesday, agreeing to a $148 million purchase of Sands Regent, which operates four casinos including the Sands Regency in Reno. The transaction, in which privately held Herbst Gaming would buy the outstanding shares of publicly-traded Sands Regent for $15 a share, is subject to approval […]
As reported by Indianz.com: “Tribes will have to certify every year that their casinos are operating within the law as part of a new rule developed by the National Indian Gaming Commission. “Last Friday, NIGC Chairman Phil Hogen released a working draft of the proposed facility licensing regulations. He said tribes have until June 30 […]
The Flamingo Laughlin was expected to change ownership this morning after the gaming arm of the Carl Icahn-controlled American Real Estate Partners received Nevada regulators’ approval to operate the Colorado River community’s largest casino. The Nevada Gaming Commission took only 20 minutes Thursday to approve American Real Estate Partners’ $170 million purchase of the Flamingo […]
As reported by the Press of Atlantic City : ” “… Two of the country’s most notorious slot cheaters will not be welcome in Atlantic City’s casinos. “Following similar action two years ago by their Nevada counterparts, New Jersey gaming regulators voted Wednesday to bar the swindlers from ever stepping foot inside the 12 casino […]
As reported by the Reno Gazette Journal: “A Las Vegas ‘bad guy’ is taking over The Sands Regent in Reno, but casino officials say it’s a good thing. “Las Vegas-based Herbst Gaming Inc. announced Wednesday a $148 million deal to buy Sands, pending approval from shareholders who will get $15 per share. “Herbst is known […]
As reported by the Evening Times (UK): “But Harrah, one of the world’s largest gaming companies, can only go-ahead can if the government allows several supercasinos to be built across Britain. “The Las Vegas casino group today announced its plans to turn Bowling in Dunbartonshire into a gambling mecca for international high-rollers. “. the US […]
As reported by the Press of Atlantic City: “When a state Tax Court judge ruled last week that the resort owes Sands Casino Hotel about $3.29 million for excess taxes charged over four years in the late 1990s, the city avoided owing most of the $15 million in claims that were under appeal. “In his […]
As reported by the Advocate: “Evangeline Downs race track in St. Landry Parish could become Louisiana’s second state-regulated land casino if a bill headed to the Senate floor becomes law. “The Senate Judiciary B Committee reported the legislation without action Tuesday. That means the Senate will have to decide whether to consider expanding the gambling […]
The VIP Lounge in conjunction with the Jackpot Factory, a leading online casino group known for a large array of games and player satisfaction, is sending an All Jackpots Casino VIP on a magical trip to Ireland, casino officials confirmed. Longtime player Vicky C., a dance teacher, won the VIP Lounge’s exclusive Emerald Isle promotion […]