Archive for April, 2010

One thing you have to hand Sheldon Adelson. He likes to think big. As in really big. And, having survived the financial crisis of 2008-2009, Adelson — who once said he’s the shortest man in the room until he stands on his wallet – is using the opening of the $5.7 billion Marina Sands Bay... »

Three companies, including Isle of Capri, have expressed interest in the casino license now held by Pinnacle’s President Casino that becomes available July 1. They responded to a request by the city of St. Louis’ development corporation but ISLE made it clear that it is not only seeking a license in the city. Others expressing interest were Casino... »

Tuesday opens the first phase of the one of the most awaited resorts this side of CityCenter – Las Vegas Sands’ $5.7 billion Marina Bay Sands in Singapore. Along with Genting’s partly opened Resorts World Sentosa LVS will have a duopoly on what many expect will be a $3 billion market The company also has achieved... »

Magna Entertainment’s plan to transfer assets to its parent MI Developments could translate to Penn National operating slots at Laurel Park, the Maryland Daily Record reported. Marc Puntis of Miller said that MID is planning to have Penn step in for the Maryland Jockey Club, the MECAQ subsidiary that operates Laurel Park and Pimlico,... »

MGM Mirage will manage the first casino mega resort planned in Vietnam. The $4.2 billion property will be branded MGM Grand Ho Tram. And chief of the mega resort will be a familiar face – Lloyd Nathan, who has left MGM as global development officer to take run the casino. He will manage the operation for Asian Coast... »

In Macau for the opening of Encore, Steve Wynn confirmed plans to build a resort in the Cotai section of the city, the Wall Street Journal reported. Wynn said the project would feature no more than 450 table games, a single hotel and would open in 2013. Wynn also dismissed the Macau government saying it would... »

All of a sudden, the rush to legalize casinos in northern New England has hit a wall. In New Hampshire, Gov. John Lynch said he plans to veto the bill to allow six racetrack and stand-alone casinos in the state. And the House Local and Regulated Committee defeated the just-passed Senate bill 13-7, and it’s headed... »

Pinnacle, whose former acting CEO indicated the company will put more emphasis on operations rather than growth projects, is dropping plans for Sugarcane Bay in Lake Charles. The decision come after the hiring of new permanent CEO Anthony Sanfilippo, and after the company had scaled back the project adjacent to its successful L’auberge. PNK will now... »

In an overwhelmingly sided vote of 120 to 37, the Massachusetts House approved legislation to establish two casinos in the state and up to 750 slot machines at each of the state’s four racetracks. This is the largest expansion of gambling in the state since the lottery was created in 1971, reported the Boston Globe. House Speaker, Robert DeLeo... »

The reorganization plan backed by Donald Trump has beat out the competing plan by billionaire Carl Icahn for bankrupt Trump Entertainment. A bankruptcy judge ruled in favor of the plan proposed by a group of corporate bondholders, which means the Trump name stays with the company’s three Atlantic City casinos: Trump Taj Mahal, Trump Plaza... »