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 […]
Tag Archives: casinos
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 Detroit Free Press: “Greektown Casino led Detroit casinos in revenue growth for March, registering a 14.6% rise, the Michigan Gaming Control Board reports. “Greektown reported revenue of $32.2 million, up from $28.1 million in the same month last year. MGM Grand Detroit Casino had a 1.53% rise in revenue to $41.5 […]
Two Las Vegas gaming-equipment providers are developing a device that could eventually let slot customers make credit-card and debit-card withdrawals directly at the game. The proposed device won’t allow casino patrons to gamble directly off their Visa or American Express cards, but will remove several steps in the current money access process, Mike Rumbolz, chief […]
As reported by the Daily Inter Lake News: “How close should casinos be toKalispell’s parks, schools and churches? “The Kalispell Planning Boardwrestled Tuesday with two aspects of that question, deciding to recommendthat the City Council: “-Keep the current legal 300-foot buffer and have thecity staff explore creating exemptions if a four-lane highway, river,airport or other […]
As reported by the UK Evening Telegraph: “Millionaire businessman RinaldoFasulo showed his hand today – and revealed he is willing to stake £50million on opening a glitzy casino. “Laying his cards on the table, Rinaldo,the former nightclub owner said he was hoping the city council would back alocal man getting the gambling licence. “Mr Fasulo, […]
Mel Molnick is an unlikely adversary of the Internet gambling industry. He is not a foe of gambling. But the retired contractor has spent the last several years suing dozens of online casinos. Molnick, 63, claims to own a method patent that governs live, electronic betting from a remote location. In other words, the process […]
Station Casinos announced Tuesday it had repurchased $232 million of its common stock as part of an accelerated share buyback program that the company initiated in February. The announcement came a week before Station opens Red Rock Resort, its most ambitious resort project to date. In all, Station said it expects to buy back more […]
As reported by the Reno Gazette-Journal: “Reno casinos reported $61.3 million in gambling revenue in February, nearly a 10 percent rise from February 2005. Despite the strong gain, the Las Vegas Strip has at least 24 casinos that each do a minimum $10 million more business than all the large casinos in Reno combined, according […]
The Las Vegas building boom under way will usher in a slew of new luxury properties over the next five years, continuing a transformation from Middle America playground to the desert version of Southern California and Miami Beach resort enclaves. It is the biggest development binge in Las Vegas history, and it is based on […]
As reported by the BBC News: “Gamblers will be put under the microscope in a study of betting habits by the University of Glasgow. “Researchers will talk to gamblers in casinos, betting shops, arcades and bingo halls, those who play the lottery and internet gamblers. “The three-year project announced on the weekend of the Grand […]
As reported by the Albert Lea Tribune: “Diamond Jo Casino doubled down Thursday when paperwork came through for its purchase of the Arrowhead Golf Course here on the same day its new casino opened its doors seven miles west of Northwood, Iowa. “Carrie Tedore, director of public relations for Diamond Jo’s locations in Northwood and […]
As reported by the St. Louis Post-Dispatch: “Without a doubt, the thirst for gambling is growing in the St. Louis area. “Bets are up. Revenue is rising. And St. Louis is moving up on the list of the nation’s top gambling markets. Slot parlors are under construction on the banks of the Mississippi River. Two […]