 | In addition to Nevada's inability to support a vibrant Internet poker market, the growing acceptance of social gaming also played into the decision by Station Casinos to pull the plug on Ultimate Poker last month.
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The Macau casino industry recorded its sixth straight gaming revenue drop in November, the longest downward stretch in more than five years.
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It was unmistakably the intent of an ordinance approved last week by a commission majority to make it more difficult for the Dott''s neighborhood gambling bars to continue to do business.
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The Gaming Control Board unanimously recommended approval of the deal following a hearing in Carson City. The Nevada Gaming Commission will rule on the matter on Dec. 18.
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The Gaming Control Board recommended that Blackstone Group be licensed to acquire the four-year-old Strip hotel-casino, which has never turned an annual profit.
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Sam Nazarian, 39, was recommended for a one-year, limited license by the Gaming Control Board following a more than 3-and-a-half-hour public hearing.
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The 20,000-seat arena, packed with amenities such as luxury seating and suite options, would also like to host regional games for the NCAA basketball tournament.
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The nation's largest casino operator is under attack from all fronts as it struggles to restructure its gaming industry-high debt load of $22.8 billion.
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