Jacobs Entertainment will acquire the Sands Regency Casino Hotel, the Gold Dust West Casino and two blocks of Fourth Street in downtown Reno, Nev. The casino operator plans to turn Fourth Street into an urban neighborhood, take over operations of Sands and continue running the Gold Dust West Casino, which it has managed for more than 10 years.
The Florida House agreed Wednesday to allow a new casino in Miami-Dade County and increase Seminole payments to the state by $220 million in the next year. In another concession, the House presented a proposal that would enable the Seminole tribe to offer roulette and craps at all seven of its casinos and permit horse and dog racetracks to end live racing, pending voter approval.
A recent audit program could reduce liquidity among junket operators and harm the VIP gaming market in Macau, according to the Japanese brokerage Nomura. The audit will look at 126 licensed VIP gaming promoters in the city.
Pennsylvania legislators are tackling how and whether to offer online gaming, and one proposed solution would put internet games under the control of the state lottery. With the state's existing framework, online gaming could bring in about $126 million in licensing fees, support Pennsylvania's commercial casinos and contribute nearly $50 million in tax revenue during its first year.
Aquinnah, Mass., and a group of landowners have filed an appeal to block the Aquinnah Wampanoag tribe from building a casino on their reservation on Martha's Vineyard. The casino would host 300 slot machines and could bring in about $5 million annually.
The internet is poised to change America's gaming, lottery, skill-gaming and horse-betting industries -- with social casino games, daily fantasy sports and sports betting expected to become bigger players in the days ahead, according to a report from PlayUSA. "Effectively, a national expansion of regulated sports betting would immediately reshape the landscape for commercial gambling," the report said.
Companies owned by investor Carl Icahn have appealed this year's tax assessments for the former Trump Plaza and Trump Taj Mahal casinos in Atlantic City. The new appeals have emerged on top of appeals for both properties dating from 2014 that have yet to be closed and an appeal for assessments on Tropicana Casino & Resort for 2015 and 2016.
Las Vegas casinos are turning to new activities like skill-based contests and casino gaming, social gaming, esports, electronic table games and stadium gaming to draw in younger crowds and boost revenue, according to Marc Meltzer. For example, Luxor is turning its LAX nightclub into the Las Vegas Strip's first esports venue next year, and MGM Resorts' Level Up facility recently hosted a contest based around its Golfstream offering.
Belle Corp. may expand the City of Dreams resort in Manila, the Philippines, and build an additional casino outside the metro area. The company's share of gaming revenue from City of Dreams Manila more than doubled to $14.5 million from the first quarter last year.
A federal appeals court decided last week that the Pojoaque Pueblo must draw up a new gaming compact with the administration of New Mexico Gov. Susana Martinez, instead of the US Department of the Interior. The tribe's Buffalo Thunder Resort and Casino and Cities of Gold Casino continued to operate after the previous state compact expired in 2015.
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