News

Detroit Casinos’ Revenues Go Up in November

casino-slot-machines
December 15, 2017

In a recent announcement made by the Michigan Gaming Control Board, the revenue of three Detroit casinos in November accrued some considerable year-on-year gains. The gross revenue of MGM Grand Detroit, Greektown Casino-Hotel, and MotorCity Casino Hotel has gone up 0.4 percent to $113.1 million in November. Similarly, when summed up, the revenues of all the three Detroit casinos went up by 1.4 percent year on year. Of all the three, MotorCity had the second largest market share in November after seeing a revenue bump of 2.7 percent that took it up to $38.2 million. MotorCity was followed closely by… Read More

Focus Shifts to Bridgeport as MGM and Tribes Show Interest in the Town

MGM_Bridgeport_plans
December 11, 2017

Barely three months after MGM Resorts International announced its plans to build a $675 million casino complex in the town of Bridgeport in Connecticut, it is facing the biggest hurdle to this huge investment. It may have taken a little longer than what was initially expected but now two of the Connecticut casino-operating Native American tribes have also shown an interest in building a casino in Bridgeport and now MGM has been forced to push for support from the town’s business community so as to pass some legislations that are crucial to turn the project into reality. This real action… Read More

Lawmaker’s New Bill Could See New Jersey Accept International Gamblers

New-Jersey-Online-Gambling-Bill-International-Gambling
December 8, 2017

Senator Ray Lesniak of New Jersey has built a legacy for being one of the most fervent poker supporters to date and while his retirement is nigh, he is not leaving quietly. The lawmaker recently introduced a bill to the state Legislature that if passed will give locally licensed online casino operators the liberty of accepting international gamblers even from countries where it is illegal to gamble online. New Jersey lawmakers have often considered the possibilities of splitting online gaming and online poker liquidity with international operators but there was not enough support for the legislation at the time. However,… Read More

Caesars Entertainment Announces Sale of Harrah’s Las Vegas

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December 4, 2017

Renowned global casino resort developer Caesars Entertainment Corporation recently announced their intention sell their real estate assets associated with Harrah’s Las Vegas. The proceeds of this sale are to be used to finance the corporation’s purchase of two casino properties in Indiana both of which are estimated to cost about $1.7 billion – these are, Centaur Holdings and both of its Indiana horse racetrack casinos, Indiana Grand and Hoosier Park. This should be more of a sweet deal for Caesars Entertainment as last year, the two horse racetracks collectively brought in $480 million in gross revenue. The gaming company reportedly… Read More