New Possibilities Emerge for Sale of MGM Grand
MGM Resorts International and its MGM Growth Properties (MGP) real estate investment trust (REIT) are reported to be seeking an investor for a joint venture to take ownership of MGM Grand and Mandalay Bay on the Las Vegas Strip. It’s been known for a while that MGM is actively shopping the Grand. However, Mandalay Bay […]
Caesars, Eldorado Shareholder Approve Mega-Deal
The deal reached to sell Caesars Entertainment to Eldorado Resorts in June was approved by shareholders of both companies last week during rare separate but simultaneous shareholder meetings. Caesars shareholders met at the Tuscana Chapel at Caesars Palace, normally a venue for weddings, while Eldorado owners gathered at the Eldorado Resort in Reno. The shareholders […]
Chicago Mayor Loses Tax-Lowering Effort
Chicago Mayor Lori Lightfoot has failed to persuade state legislators to lower taxes on a future Chicago casino. In the final hours of the veto session, lawmakers passed a watered-down bill regarding background checks on applicants for casino and sports betting licenses. The casino, part of sweeping gaming bill passed earlier this year, has been […]
Atlantic City Mayor Wants a Piece of Sports Betting Revenue
As of September 20, the Borough of Oceanport, New Jersey, expected to receive $172,570 as its share of sports betting revenue as the host site for Monmouth Park Racetrack. The sports betting tax money can’t be spent on anything Oceanport decides, said Mayor Jay Coffey: “It has to be put to use for economic development.” […]
Tribes, Racetracks Unite for California Sports Betting
In an effort to legalize sports betting in California, a coalition of tribes and state racetracks last week proposed a ballot measure—the California Sports Wagering Regulation and Unlawful Gambling Enforcement Act—that would allow tribal casinos and tracks to participate in a sports betting industry in the state. As currently written, the measure would “safeguard consumers […]
Spin Games Poised to Grow
Kent Young is in the right place at the right time. Young first made his name as a supplier of slot machines to the brick-and-mortar world. But where the former vice president of marketing and R&D for Aristocrat Technologies has taken his current company can be traced to vision, as Young was one of the […]
Best Poker Sites: Count Pala In
New Jersey’s online poker scene is packed with some pretty big names (WSOP.com, PartyPoker, PokerStars). They do a great job with big tournament events and keeping the online poker scene alive as we wait for more states (Pennsylvania anyone?) to start player-sharing. But for poker fans who like a more intimate setting—and yes, online play […]
Game of the Week: Bonanza by Big Time Gaming
A few months ago, some pretty big news was announced in New Jersey’s online slot universe. Australian game maker Big Time Games—a network partner for Scientific Games—signed a deal with Golden Nugget’s online New Jersey site to provide game content. In other words, Golden Nugget’s online casino will be able to access games on the […]
Playing the Lottery: Can You Really Beat the Odds?
Here’s one for the books: professional gambler Bernard Marantelli recently traveled from the UK to Stamford, Connecticut hoping to bag a multimillion-dollar lottery jackpot—and willing to spend big to do it. According to the Hartford Courant, Marantelli scooped up hundreds of thousands of Quick Pick Lotto tickets at a local mini-mart. The $25.8 million jackpot, […]
Golf to Roll Out Sports Betting Next Year
You don’t always think golf when you think sports bets. Basketball and football, yes. Boxing, too. Maybe even tennis where one player goes up against another. But golf? Next year, however, golf will roll out on-site gambling options, PGA Tour Commissioner Jay Monahan told Golfweek magazine. “When done right, it gives fans the opportunity to […]
Missouri Committee Considers Sports Betting Bill
In Missouri, the legislature’s Special Interim Committee on Gaming held a hearing on sports betting with testimony from lawyers and research company representatives and officials from FanDuel, DraftKings, Boyd Gaming, Penn National Gaming and William Hill. State Rep. Dan Shaul, the committee chairman, said everyone in attendance supported mobile wagering, online registration, no limits on […]
Ohio Sports Betting Considers Regulators
In Ohio, competing sports betting bills offer different state agencies as possible regulators. House Bill 194 would make the Ohio Lottery Commission the primary regulator with the Ohio Casino Commission in charge of investigations. The bill also would tax sports betting revenue at 10 percent and direct funds to education and gambling addiction programs. Senate […]
