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Howard Stutz Gaming Guru - Page 177Attorneys: Nevada taking right track on Internet poker9 September 2011
LAS VEGAS, Nevada -- Attorneys from one of Nevada's largest law firms said Wednesday that the state is taking the correct approach by getting into the game early should the federal government legalize Internet poker. Nevada gaming regulators will consider the first set of proposed online poker regulations during a public workshop later this month. ... (read more)
Momentum grows for regulated U.S. online poker6 September 2011
LAS VEGAS, Nevada -- Based on headlines alone, 2011 has been a bad year for Internet poker. Federal indictments in April shut down three of the largest online poker sites that catered to Americans. Other popular Web portals cut their access to U.S. gamblers after the legal action was unsealed. Also, four states and the District of Columbia failed in efforts to legalize the activity. ... (read more)
Macau casino revenues top $3 billion in August2 September 2011
MACAU -- Macau's booming casino market shows no signs of slowing. The Chinese special administrative region's 34 casinos shattered single-month gaming revenue figures in August, collecting $3.09 billion from gamblers during the month. The figure was a 57 percent increase over August 2010 and 2 percent higher than July. ... (read more)
Hurricane Irene hits Atlantic City's balance sheets30 August 2011
ATLANTIC CITY, New Jersey -- Atlantic City's 11 hotel-casinos escaped major physical damage from Hurricane Irene over the weekend. The biggest hit, however, was on the balance sheet. One Boardwalk gaming executive said the "lost weekend" may have cost Atlantic City's beleaguered casino industry $40 million to $45 million in gaming revenues. ... (read more)
Las Vegas could see payoff from Mass. legalization30 August 2011
LAS VEGAS, Nevada -- Moody's Investors Service said in a report that the potential for casino expansion in Massachusetts could prove to be a winning gamble for a few Las Vegas-based companies, notably Caesars Entertainment Corp. and International Game Technology.
The bond rating company told investors ... (read more)
Nevada gaming authorities release online poker details25 August 2011
LAS VEGAS, Nevada -- State gaming authorities have released proposed regulations for Internet poker to be implemented if the federal government legalizes the activity.
The proposals, posted to the Gaming Control Board's website Wednesday, include rules for the finding of entity suitability, technology approvals, audit and record-keeping, and customer enrollment. ... (read more)
Massachusetts inches towards full-scale casino gaming24 August 2011
BOSTON, Massachusetts -- A long-awaited deal that could lead to full-scale casino gaming in Massachusetts may have finally been reached.
The Boston Globe reported this morning that Gov. Deval Patrick and leaders of the state’s House and Senate reached a tentative agreement to expand gaming in the state. ... (read more)
California online poker efforts appear dead23 August 2011
SACRAMENTO, California -- An effort to legalize and regulate Internet poker in California appears dead.
According to the Oakland Tribune, California State Senate President Pro Tem Darrell Steinberg, D-Sacramento, said a measure backed by a coalition of card rooms and Indian tribes wouldn’t be voted on this year. ... (read more)
Pinnacle misses deadline to submit A.C. hotel application23 August 2011
ATLANTIC CITY, New Jersey-- Pinnacle Entertainment failed to submit a formal application with New Jersey gaming regulators to build a boutique-style hotel-casino in Atlantic City by last week's deadline, ending the Las Vegas-based company's interest in the project.
In a statement, New Jersey authorities ... (read more)
Caesars Entertainement unveils plans for Linq development18 August 2011
LAS VEGAS, Nevada -- Back in the day, The Linq would have been considered an amenity to a multibillion-dollar Strip hotel-casino development. That was before the bottom dropped out of the Las Vegas economy. Caesars Entertainment Corp. executives said Wednesday that they agree with assessments from analysts that Las Vegas does not need another hotel-casino at this time. ... (read more)
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