News - Page 1684

A company that is proposing to buy the troubled Vernon Downs harness track for $38 million wants to restart live racing and operate video lottery terminals.

News Brief: For the first time since taking office, Governor Ernie Fletcher's administration is conducting an in-depth study of expanded gambling in Kentucky, which some proponents are taking as a sign their day may finally be coming.

The scheduled opening in April of the $2.5 billion Wynn Las Vegas may be the catalyst for the newest wave of casino construction along the Strip and around the valley.

News Brief: Flush with new cash from increased gaming in the state and aware they are a key voting block, Arizona tribes are starting to flex their political muscles.

News Brief: Casino stocks have been on a roll, and some investors are betting on continued strong growth in Las Vegas and gains from industry expansion as far afield as China.

Union-backed maintenance workers at three Mandalay Resort Group properties could walk off their jobs as soon as Wednesday after the latest contract offer was overwhelmingly rejected in voting that ended Friday.

ChipSharks’ new site to locate local poker games and players, is establishing itself as a premiere online poker service.

Lake Las Vegas Resort, a 3,592-acre residential, golf and resort community 17 miles from the Las Vegas Strip, today announced plans to build Rainbow Canyon, a new 18-hole, par-71 golf course designed by Tom Fazio.

The new mission-style casino, which will open to the public on Jan. 28, 2005, will offer players more space, comfort, amenities and entertainment.

Since no one correctly matched all six numbers in Saturday's drawing the jackpot will grow to an estimated $30 million.

Since no ticket matched all six numbers in Friday's drawing, the jackpot grows to an estimated $31 million for the Tuesday, December 21, 2004 drawing.

innacle Entertainment reports that the underwriters of its previously announced public offering of four million newly issued shares of common stock have exercised in full their option to purchase an additional 600,000 shares of common stock at $18.25 per share.

Barney Vinson: I was living good, eating good, making friends, making money, walking around the casino like I owned the place.

Prof. I. Nelson Rose: Although California voters rejected two gaming initiatives on November 2, 2004, the political battles are far from over.

News Brief: Penn National Gaming and Scarborough Downs said they do not plan to pursue legislation in the session to convert the Downs into a so-called racino, something they tried but failed to do last session.

News Brief: House Speaker William J. Murphy is drawing a line in the sand on separation of powers, saying it is clear to him that lawmakers do not have to relinquish their positions on the legislator-dominated Rhode Island Lottery Commission.

Gaming at three Oklahoma race tracks could begin as early as next spring if federal gaming compacts are approved.

Five years after Venetian owner Sheldon Adelson opened his all-suite resort, casino competitors agree that his convention-focused strategy and timely investment in Macau has been a spectacular success.

The Nevada Gaming Commission has approved the application of Randy Black to buy out his partners in three casinos in the fast-growing community of Mesquite in a $175 million deal.

A subsidiary of Wynn Resorts Ltd. on Tuesday issued $1.3 billion in first mortgage notes with interest rates 6.625 percent and maturing in 2014, according to a filing with the Securities and Exchange Commission.