Saipan casino developer Imperial Pacific International (IPI) says that rumors circulating on social media regarding the company’s financial status and one of its senior executives are false. In a press statement released Monday the company categorically denied it had entered into bankruptcy proceedings, adding that it had initiated legal action against the unnamed source of…Read More
The Kentucky Downs horse racetrack and gaming parlor featuring 750 historical racing terminals is being sold to a thoroughbred owner and former casino executive. The undisclosed deal transfers the venue from its current owners Kentucky Downs Partners to a recently formed entity called Kentucky Racing Acquisition. The latter is owned by Ron Winchell, a prominent…Read More
The general manager of the Hustler Casino in Gardena, California made good on some run good at the poker table: Rob Reid initially entered his own casino’s Veterans Day 10K guaranteed tournament just to add to the pot and encourage more players to join. By the time it was over, he was one of four…Read More
Alex Yemenidjian, a former Las Vegas casino executive who worked extensively with MGM Resorts as well as Tropicana, is selling his Nevada marijuana business to a Chicago company for $290 million. Essence Cannabis Dispensaries, the largest marijuana cultivation and dispensary business in Nevada, is being bought by Chicago-based Green Thumb Industries. The deal includes Yemenidjian’s…Read More
Atlantic City Mayor Frank Gilliam (D) says his participation in a casino nightclub brawl over the weekend hasn’t yet cost him his job. After meeting with New Jersey Lt. Governor Sheila Oliver (D) on Tuesday, Gilliam responded to reporters asking if he was still the mayor of Atlantic City. He answered with a smile, “Today.”…Read More
Dan Gilbert, the billionaire founder of Quicken Loans and owner of the NBA’s Cleveland Cavaliers, is selling his Greektown Casino-Hotel in Detroit to Caesars’ real estate investment trust (REIT) and Penn National Gaming for $1 billion. Caesars’ REIT, VICI Properties, is paying $700 million for the land and real estate assets, and Penn National is…Read More
The Cowlitz Tribe has launched legal action to prevent the release of security video showing the assault of a customer last month after an Ultimate Fighting Championship event at its Ilani Casino in Washington State. Richard Christie was attacked by a group of strangers after the October 6 event. He has requested the footage from…Read More
September’s Typhoon Mangkhut caused an estimated $119 million worth of damage to Macau’s casino industry, according to new figures from the enclave’s Statistics and Census Service (MSCS). The total economic hit to the enclave — both directly and indirectly — across all sectors was around $192 million. But these figures are lower than some analysts…Read More
The Macau government says the remaining junket companies catering to China’s mainland elite are playing a vital role in the resurgence of the enclave’s gaming industry, and are doing it while better adhering to the appropriate regulations than in years past. Macau’s Gaming Inspection and Coordination Bureau Director Paulo Martins Chan said this week there’s…Read More
DrafKings has announced it will open its first-ever brick-and-mortar sports betting outlet this coming Friday at the Scarlet Pearl Casino in d’Iberville, Mississippi. With its launch, all 12 of Mississippi’s Gulf Coast casinos will have opened sports books since the MGM first got the ball rolling on August 1. Mississippi was the third state to…Read More
Commercial casino revenue climbed four percent in September nationwide, and the analyst who compiled the report gives credit to the introduction of sports betting in four new states. Reno-based gaming analyst Ken Adams says in his September report, which he amasses for CDC Gaming Reports, that gaming revenue in the monitored 21 states was more…Read More
Tiger Woods and Phil Mickelson tee off at noon PT the day after Thanksgiving (Nov. 23) in a winner-takes-all $9 million match from Las Vegas’ Shadow Creek Golf Course. The golf spectacle will come with an abundance of betting opportunities, with the two superstars wagering their own money in various side bets during the round….Read More
Wynn Resorts CEO Matt Maddox delivered investors a rather gloomy forecast for Macau during last week’s third quarter conference call, but not all analysts are sold on the idea that the gaming enclave is headed for a slowdown. Maddox revealed that since Golden Week kicked off October, the company’s three Macau casinos have struggled. We’ve…Read More
A tribal casino planned for Beloit, Wisconsin, by the Ho-Chunk Indians is closer to receiving full authorization from the Bureau of Indian Affairs (BIA). Late last week, the City of Beloit announced that the $405 million Native American casino resort is making progress on the federal level. Town officials say the development will soon be…Read More
The New York Jets and MGM Resorts reached a multiyear gaming partnership late last month that integrates the casino company with the NFL franchise, but not everyone in the area is happy about it. During the Jets game on Sunday against the visiting Buffalo Bills, an airplane circled MetLife Stadium with a banner that read,…Read More
MLS’ New York Red Bulls Could Turn to Sports Betting World to Find Stadium Sponsor
Imperial Pacific Denounces ‘Fake News’ Bankruptcy Rumors
Kentucky Downs Racetrack and Gaming Parlor Sold to Thoroughbred Owner, Former Casino Executive
Rams Chiefs Game Moves From Mexico to LA, But Record-High Vegas Point Total Unaffected
Hustler Card Room GM Donates Poker Tournament Win to SoCal Fire Disaster Relief Efforts
