The Illinois Gaming Board says Chicago is highly unlikely to get a casino unless state lawmakers drop a 33.3% "privilege tax" that other casinos don't have to pay and that brings its total tax to a budget-busting 72%. Feasibility study consultants told the board that ditching the extra tax burden could give a Chicago casino the biggest gross in the state.
Brokerage Sanford C. Bernstein forecasts a growth in year-over-year September gross gaming revenue of 4% to 7% for Macao casinos. The Nomura brokerage estimates 2% for 3% for that period.
Sports betting platform Unibet will have a digital and arena presence as part of a sponsorship contract with the NHL's New Jersey Devils. It marks a key US investment for Unibet and its first deal with a US professional sports team.
Cherokee Nation Businesses aims to become more competitive in the employment market by increasing wages for some hourly workers. It has more than 7,560 employees across 47 states, two US territories and 25 countries.
A 24-year-old employee of Prairie Meadows Casino in Iowa donated thousands of dollars to a children's hospital after an unexpectedly overwhelming response to a "Busch Light Supply Needs Replenished" sign he held up during ESPN's "College Game Day" in Ames on Saturday. He received $8,000, and Busch reached out with plans to match it.
Bettors in Nevada, as well as those at Resorts World Catskills in upstate New York, Pearl River in Mississippi and Q Casino in Iowa, were able to wager this week on NASCAR South Point 400 races. NASCAR in-race betting is expected speed up in February with the Daytona 500.
Blackstone Group is interested in buying and leasing back two casinos -- the MGM Grand Las Vegas and Bellagio -- from MGM Resorts International, though a deal hasn't been reached, sources say. The transaction would provide cash for expansion while retaining control of the properties.
"The Search for Innovation in Gaming" panel will be a highlight Wednesday at the CasinoBeats Summit in London. Playson, Play'n Go, LeoVegas, Casumo and Gamingtec will discuss innovative game development and online gaming.
Landing International was dealt a blow during its groundbreaking for a casino in the Philippines when President Rodrigo Duterte declared a moratorium on new gaming venues, resulting in the Nayong Pilipino Foundation canceling Landing's lease and possibly not returning the payment. To retain its provisional license from the Philippine Amusement and Gaming Corp. within a 180-day window and avoid losing additional money, Landing is seeking a new lease or land to buy.
Cherokee Nation Businesses has reopened the Cherokee Casino Fort Gibson in Oklahoma, several months after historic Arkansas River flooding required gaming equipment removal and venue repair. With the soft opening, Cherokee Nation hopes to "just let [traffic] kind of trickle back in and build itself back up," Cherokee Nation Businesses' Shawn Slaton says.
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