News - Page 1612

News Brief: An Erie County government committee is taking a dim view of any revenue-sharing agreement, saying its research concludes that existing gaming law, which directs the bulk of gaming revenue to county government, will remain in effect.

Goldman Sachs Group on Monday downgraded its rating on Wynn Resorts Ltd., citing jitters about the gaming industry in general and the owner of the Strip's latest megaresort in particular.

VIPpoker.com has partnered with the Normandie Casino in Los Angeles to create a $25,000 cash-guaranteed poker tournament with proceeds benefiting the Cystic Fibrosis Foundation.

The Seneca Nation of Indians, Seneca Niagara Falls Gaming Corporation and Freemantle Limited have come to a mutual agreement to terminate a $80 million loan.

The Prairie Band Potawatomi Nation and Harrah's Kansas Casino Corporationreports that Harrah's will not seek renewal of its management contract for Harrah's Prairie Band Casino.

Boomtown Casino can legally move from leased property on Biloxi's Back Bay to land it owns nearby, a federal appeals court has ruled.

With the decision made about how many new casino licenses will be approved, the state's gambling commissioners now must narrow their choices and decide which of 10 applicants will get a license needed to build a new casino.

News Brief: A trip to Las Vegas being offered by the New Jersey Lottery is putting the panel that runs the state's lotto games at odds with organizations that promote Atlantic City.

News Brief: Governor Tim Pawlenty's plan for two state-sponsored casinos at the Canterbury Park racetrack appears in danger of dying in the Republican-controlled House.

News Brief: Tribal casinos appear to be pulling ahead in a long-running contest over their off-track betting operations.

News Brief: A Iowa panel is poised to make a long–awaited decision on new casino licenses Wednesday in Johnston.

After winning a $1 million slot machine jackpot less than a year ago, one would think Jo Ann Argyris would easily recognize the symbols that signify a large cash prize.

News Brief: Negotiations over how to disburse revenue from Seneca Niagara Casino have picked up speed in the State Legislature since Niagara County filed a lawsuit seeking 75 percent of the local money, Senator George D. Maziarz said last week.

News Brief: As Bay Staters plunk down their cash on today's Kentucky Derby, millions will be flowing offshore to unregulated online casinos that lure gamblers away from the state's racetracks with plum rebates.

News Brief: The Florida Legislature failed to pass a bill permitting slot machines in Broward County as the annual legislative session ended Friday, making it likely the issue will end up in court.

News Brief: The Soaring Eagle Casino & Resort, a 10-year-old, multimillion-dollar gambling casino, four-diamond hotel and entertainment complex, owned and operated by the Saginaw Chippewa tribe, is a role model for a future Ohio casino resort.

Wynn Las Vegas went all the way to Europe to hire eight specially trained members of the $2.7 billion Strip hotel-casino's security detail.

News Brief: Illinois’ new top casino regulator, says more resources and more independence for his office will be necessary to keep gaming clean in Illinois.

News Brief: Baltimore City has been cracking down on charity gambling events after noticing the growing popularity of ‘Texas Hold 'em’ poker tournaments at city bars and restaurants last summer.

A selection of news and views from inside the industry this week.