Macau regulators are requesting more information from Wynn Resorts on its decision to force redemption of Kazuo Okada’s 19.66 percent ownership of the stock, Macau Business reported. “I suppose Wynn Macau will reply to us rapidly. Then we will look into whether we need to act or not,” Manuel Joaquim das Neves, head of...
Chances of national Internet gaming legislation passing this year suddenly appear slimmer, and the initiative to begin Internet gaming now may be in the hands of the states willing to move forward, such as Nevada. A national law all but died when no Internet gaming provision was attached to the Senate payroll tax bill...
The bill allowing racetracks to operate temporary VLT casinos has passed the Ohio house. If the bill becomes law, slot parlors could open by the end of the year while the permanent casinos are under construction. Among the companies that would benefit from an early start are Pinnacle, Caesars, Penn National, and MTR Gaming,...
Prince George’s County Executive Rushern Baker is proposing a $1 billion casino on the banks of Maryland’s Potomac River at National Harbor where Gaylord Entertainment has its resort and convention center. The project would require amendments to the bill that was introduced last week that sends the issue of a casino in PG County...
Rock Ohio Caesars and Penn National have finally been given the go ahead to open the first two of four casinos in Ohio. The Ohio Casino Control Commission determined the joint venture between Rock Gaming and Caesars can open its Horseshoe Casino Cleveland the week of May 14. Penn National will be able to...
The issue of taxes on comped meals and the potential gaming tax rate hike continue to plague Nevada casinos. Nevada’s state tax department has notified casino operators that they should start paying tax on complimentarily meals for gamblers and employees, the Las Vegas Sun reported. Last month, the Nevada Tax Commission ruled that casinos...
The northern province of Quang Ninh is reportedly seeking investors for a $4 billion casino and resort, according to the Thanh Nien News. Vice Chairman of the provincial People’s Committee Nguyen Van Thanh said the 2,000-hectare resort complex will be built in Van Don as a way to transform the district into an international...
Kentucky Gov. Steve Beshear has unveiled his much-anticipated gaming bill. The constitutional amendment calls for five racetrack and two stand-alone casinos, the Louisville Courier-Journal reported. The amendment needs three-fifths legislative approval, then on to pass a November referendum. The bill, sponsored by Sen. Damon Thayer doesn’t specify how revenues will be distributed. That issue...
SJM could submit its plan for a resort on Cotai to the Macau government as early as this week, the Macau Daily Times reported. The company indicated last year it had applied for land near the Macau Dome, with plans to build a $2 billion resort and casino. SJM, Wynn and MGM Resorts are...
MGM Resorts reported that its 50 percent owned City Center complex in Las Vegas is privately placing $240 million in senior secured first lien notes, additional to the $900 million, 7.625 percent senior secured notes due 2016. CityCenter plans to repay $300 million outstanding under its $375 million senior credit facility with the proceeds...
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