The Florida House plan to consider three different gaming bills this week, including one authorizing a renewed gaming compact between the Seminole tribe and Fla. Gov. Rick Scott. The $3 billion compact would allow the tribe to offer roulette and craps as well as new table games.
Blackstone Group has succeeded in attracting more gamblers to the Cosmopolitan Las Vegas with higher bet limits of $200,000. The company acquired the casino on the Las Vegas Strip at the end of 2014, and casino revenue climbed 13% for the first nine months of 2015. "We're a unique luxury brand with a twist," said Bill McBeath, president and CEO of the Cosmopolitan.
Penn National Gaming reported 12.7% revenue growth for the fourth quarter. Penn National didn't report net income for the quarter because the company is in the process of restating earnings dating back to 2013. Penn National owns the Tropicana Las Vegas and M Resort in Las Vegas, as well as other casinos across the US.
Nevadans for Affordable, Clean Energy Choices has proposed a constitutional amendment to allow customers to choose utilities in the state. The proposal needs to gather about 55,000 signatures to make it onto the November ballot. MGM Resorts International, Las Vegas Sands and Wynn Resorts recently applied to leave NV Energy but face $126 million in combined exit fees.
Evolution Gaming plans to debut a live casino studio in partnership with Napoleon Games. The studio, located in Belgium, will feature French and Flemish card dealers. The studio is expected to open at the end of the month.
The Star casino in Sydney expects to see strong business over the Chinese New Year holiday. Greg Hawkins, the managing director of the casino, said the property is seeing "significant demand for its restaurants, hotel rooms and casino facilities with more than 4,000 room-nights booked over the next fortnight."
The Little River Band of Ottawa Indians is making progress with a proposal for its second tribal casino in Michigan. The Bureau of Indian Affairs released a report this week about the parameters of an upcoming environmental impact statement. The tribe estimates the casino would create 1,500 jobs.
The Mohegan Tribal Council is "diligently working right now on the site selection" for a possible third tribal casino in Connecticut, according to Kevin Brown, tribal chairman. Brown added that the council received more applications than expected from communities vying to host the casino, which would be run in partnership with Foxwoods.
According to Juniper Research, 100 million additional people will place real-money wagers through mobile gambling over the next five years. Juniper also predicts the number of mobile gamblers will reach 164 million by 2018.
Delaware lawmakers will consider a revised bill to help the state's casinos. State Sen. Brian Bushweller introduced legislation that would stretch over four years instead of three years. Delaware is home to three casinos.
- Page 1