Neil Bluhm, who has quietly built a casino empire in recent years, has his focus set on New Hampshire, the Nashua Telegraph reports. The Chicago billionaire has formed New Hampshire Gaming and Entertainment, hired former state senate president Edward DuPont as a lobbyist and has been scoping out sites around Nashua, the newspaper said....
In what can only be called an interesting observation on human nature, Wynn Resorts shares held on to most of their gain Friday even after the company admitted that it had submitted a mistaken SEC filing that it had land approved for its next Macau casino. WYNN shares closed up 4.27 percent Friday after...
It sounds like a broken record – if anybody remembers records – but Macau casino revenues beat expectations again in February. Revenues jumped 22.3 percent to $3.03 billion, vs. expectations that ranged from 20 to 22 percent. When combined with January, revenues so far this year are up 28.3 percent, or 26.2 percent factoring...
Developer Daniel O’Leary has a letter of intent with Dover Downs Entertainment to develop his proposed $1 billion casino near Atlanta, the Atlanta Journal-Constitution reported. O’Leary is proposing an entertainment complex with 7,500 VLTs, two hotel towers totaling 1,500-rooms and a 5,000 seat theater. It would bring in $700 million in revenue annually, O’Leary...
The delays on launching VLTs in liquor-licensed establishments in Illinois may continue to stretch out. The Chicago Tribune has published a list of reasons why VLTs may not launch in Illinois by September, the latest expected date. Among them: - The Illinois Gaming Board has only reviewed 46 of 144 license applications from manufacturers,...
In what is becoming a vast, global competition with Genting, Las Vegas Sands appears ready to throw down the gauntlet in New York. According to the New York Post, LVS is considering a giant convention center and integrated casino resort if casinos are legalized. The proposal would appear to be in competition with that...
MGM Resorts might build a $30 million Massachusetts Turnpike interchange near Brimfield as it applies for a casino license, the Boston Globe reported. University of Massachusetts-Dartmouth casino specialist Clyde Barrow said other prospective casino operators will have to do some type of major transportation improvements to win required local support. Elsewhere: Palmer Town...
In the no-surprise department, Kazou Okada has gone to court trying to stop the forced redemption of his 19.66 percent stake in Wynn Resorts. Okada has filed an injunction in a Nevada court to block the seizure of his WYNN shares, claiming the move was based in WYNN’s desire to remove him as the...
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...
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