News - Page 1790

Argosy Gaming Company has announced a $75 million expansion at Argosy Casino Riverside, an investment which will create a high-quality 250-room resort hotel and new 1,400-space parking garage.

If casinos in Nevada and elsewhere in the United States plunged into the Internet gambling market, they would likely gain up to $190 billion annually in sports bets, said Koleman Strumpf, an assistant professor of economics at the University of North Carolina.

The threat of terrorism crippling construction in Las Vegas and the potential for money laundering in casinos have made Las Vegas a unique focus of federal and state agencies, U.S. Treasury Secretary John Snow told a business roundtable on Friday.

News Brief: Banned from working in New Jersey casinos for lying about his gambling habit, Gary DiBartolomeo, a former casino executive wants back in the game.

News Brief: After months of exhaustive negotiations, Governor Arnold Schwarzenegger unveils several new tribal gaming compacts today, a $1 billion payment toward the ‘fair share’ he pledged to win from the state's Indian casinos during his campaign for governor.

News Brief: Indian tribes seeking state approval for a Denver-area casino accused Gov. Bill Owens of a "John Wayne style of negotiating" on Friday and asked him to apologize for likening their approach to "extortion."

News Brief: New York could be in line for two more casinos, according to published reports.

Four new Las Vegas flights, including two to previously unserved cities, will be added later this year by Tempe, Ariz.-based America West Airlines and its commuter partner, Mesa Airlines, America West announced today.

Sheldon Adelson's Las Vegas Sands Inc., which operates the Venetian Casino Resort on the Las Vegas Strip, may have a market value of at least $4 billion after an initial public offering.

Simon Property Group Inc., the world's largest manager of shopping malls, said today it agreed to buy Chelsea Property Group Inc., the biggest U.S. owner of factory-outlet shopping centers, for about $3.5 billion in cash and stock.

Nevada's opening of the first-ever U.S. tourism office in China comes at a price -- the office can't promote the state's No. 1 industry, gambling.

News Brief: Hotel.com, an online hotel booker, ranks Atlantic City as the top destination for drive-in visitors looking for a July 4 getaway.

News Brief: To address gambling addiction, the recently released draft municipal services agreement between the city of Barstow and the Los Coyotes Band of Indians has provisions for helping problem gamblers.

News Brief: Shodakai Casino, a tribal casino in Mendocino County reopened Friday after a federal judge issued a temporary restraining order to regulators who ordered it closed 11 days ago.

News Brief: The most common problem for people who call the Ohio Lottery’s problem-gambling hot line isn’t betting on the lottery, it’s video slots.

News Brief: With his apparent decision to revamp the Illinois Gaming Board, Governor Rod Blagojevich has set into motion only the latest in a series of promises by Illinois politicians to make sure that the gambling industry can flourish with integrity.

News Brief: Opponents of a plan to build a $500 million gambling and entertainment complex along New York Avenue in Northeast are expected to file a lawsuit today in D.C. Superior Court to stall attempts to put the measure on the November ballot.

News Brief: The gambling agreement Governor Arnold Schwarzenegger is negotiating with four or possibly more California tribes that could bring $1 billion to the state would require them to waive some of their sovereign status as independent governments.

News Brief: Step into any casino any Saturday night, and it's instantly obvious that after 10 years, gambling has woven itself deeply into Missouri’s social and economic fabric.

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