Downtown Project unveils boutique hotel Oasis
Downtown Project Tuesday morning unveiled a new 44-room, nongaming boutique hotel named Oasis at its Gold Spike property, creating the first hotel in its development portfolio. The Oasis is the latest project for Downtown Project, Zappos CEO Tony Hsieh’s $350…
Railroad Baron’s Heirs Fight Casino Plans as N.Y. Weighs 16 Bids
(Bloomberg) — A New York panel that will select as many as four sites for upstate casinos must weigh threats of lawsuits, claims of environmental hazards and even opposition from the descendants of Gilded Age railroad baron E.H. Harriman. The…
(South Dakota) Should games like roulette, keno and craps be allowed in South Dakota casinos?
SIOUX FALLS, SD – Should games like roulette, keno and craps be allowed in South Dakota casinos? That’s the question facing South Dakota voters when they head to the polls on Election Day. Constitutional Amendment Q would allow more games…
NFL Abuse Ignored by Fans Who Blamed Baseball for Steroids Use
(Bloomberg) — Football became America’s favorite sport 42 years ago this month when a Gallup Inc. poll for the first time said the game was more popular than baseball. The NFL is retaining the title amid criticism of its domestic-abuse…
(Canada) Gamblers flocked into four Vancouver-area casinos over a recent three-month period hauling bags of $20 bills that added up to millions of dollars in suspicious transaction
Gamblers flocked into four Vancouver-area casinos over a recent three-month period hauling bags of $20 bills that added up to millions of dollars in suspicious transactions, according to information provided by the provincial Finance Ministry in response to a freedom…
Donald Trump says upstate New York casinos will 'go down the tubes'
Donald Trump, whose Atlantic City joints were a bust, says upstate New York casinos will ‘go down the tubes’ The Donald predicted the state will take a loss in the not-too-distant future because the market in the Northeast is saturated….
Atlantic City: Losing bidder seeks to block bankrupt casino sale
ATLANTIC CITY, N.J. (AP) – A Florida developer who lost a bankruptcy court auction for the former Revel Casino Hotel in Atlantic City is now challenging the decision. The Press of Atlantic City (http://bit.ly/1wXfeEs) reports that a lawyer for Glenn…
Philadelphia: Most casinos thriving even as AC gambling palaces close
Recent casino failures in Atlantic City may influence Massachusetts residents when they vote this fall on whether to repeal a law allowing casinos in their state. But if they look beyond New Jersey, they will find casinos thriving in almost…
India may be poised to benefit from a broadly legalized gambling market
On a Thursday evening, as the peak-hour traffic begins to build in east Bangalore, a group of 20-something friends enter a three-storey commercial complex on the periphery of Indiranagar, a posh residential suburb. The ground floor of this building houses…
Caesars Amends Debt Contract Paving Way for January Bankruptcy
Bloomberg) — Caesars Entertainment Corp.’s operating unit amended a debt document so senior bondholders would get a lien on the casino operator’s cash as it negotiates a restructuring of $18.3 billion of debt, according to a filing yesterday with the…