Industry News Archive

Borgata Opens $200 Million Expansion ATLANTIC CITY – The Borgata Hotel Casino and Spa debuted the first phase of a two part $525 million expansion project with the addition of a $200 million expansion of its gaming floor which included more than 36,000 square feet of casino floor space including 36 table games, approximately 500 slot machines, an 85-table poker room (the city’s largest) and a new race book. By Glenn Haussman

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Atlantic City Casinos The news dropped harder than sevening out with a full slate of come bets as casinos operators headed to court to stave off the closure. By Glenn Haussman

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Indian Gaming for 10th Straight Year Indian Gaming continues to be on the warpath as the country’s 420 operations raked in nearly $23 billion in 2005, an increase of 15.6 percent. By Glenn Haussman

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Latest Online Gambling Trend Will another hurricane, as powerful as last year’s Katrina, batter the U.S. Gulf Coast again this summer? You can watch the weatherman on TV to find out. By Gene Koprowski

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Pinnacle at the Pinnacle of Growth When the books are closed on 2006, Pinnacle Entertainment (NYSE: PNK) is sure to be considered one of the gaming industry’s biggest deal makers.

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Harrah’s Survey Examines the Casino Gambler Americans can't get enough of their casinos. From Las Vegas to Atlantic City to the hundreds of smaller venues throughout the United States, more people than ever are enjoying spending their leisure time tempting lady luck. By Glenn Haussman

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Mohegan Sun 10th Anniversary Plans It looks like Mohegan Sun, which is getting set to celebrate its 10th Anniversary this fall will expand again in the near future, The world's second largest casino has also laid out plans for a star-studded celebration this fall to celebrate a decade in business. By Glenn Haussman

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Partnership Trump-Mississippi The Donald is heading to Mississippi. Atlantic City mogul, real estate Kingpin and television reality show star has his sights set on opening a casino on the shores of the Old Miss. The reported $300 million project is his first land-based venture outside of New Jersey. By Glenn Haussman

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Detroit Casinos Taking Shape Posted:2006/06/12 Ten years after the legalization of non-Indian gaming in Detroit, the last of three permanent casinos is finally under construction. The Greektown Casino broke ground last week on its facility after multiple delays, putting the property at a disadvantage when going... By Glenn Haussman

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Forges Series of Revolutionary Deals The World Series of Poker (WSOP) made a flurry of deals this week, including extending its coverage on sports broadcasting leader ESPN through 2010 and the largest sponsorship deal in poker history. By Glenn Haussman

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Slot Maker WMS Buys Orion Gaming The gaming industry is reeling with anticipation after the announcement that slot machine and video lottery terminal maker WMS Industries (NYSE: WMS) has scooped up Orion Gaming for about $30.5 million (EUR 24 million). Orion Gaming is a privately owned company based out of the Netherlands... By Glenn Haussman

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Maxim Magazine Set To Conquer Vegas Strip Maxim is returning to Las Vegas. But this time it is a casino resort based on the edgy, flesh revealing magazine. The magazine’s parent company, Dennis Publishing, has struck a deal with Concord Wilshire Partners to create a $1.2 billion project with a theme based on the leading men’s magazine. By Glenn Haussman

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Top Internet Casinos Promoting A few years ago, there was alarm that underage individuals, some as young as 11 years old, were signing up for online gaming accounts. But experts tell Onlinecasinocrawler.com that is not the case today, as the industry has embraced “effective measures” to promote responsible gambling. By Gene Koprowski

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U.S. to legalize Online Gaming? Momentum is building in the U.S. Congress for a measure to legalize online gaming, after an industry study highlighted the popularity of the entertainment form among millions of ordinary Americans, and the revenues gaming generates for governments overseas sources are telling... By Gene Koprowski

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Harrah’s Hopes Hinge On RI Referendum It’s up to Rhode Island voters now. After a more than two hour debate in the state Senate, state politicos gave the thumbs up for a November referendum that could set the stage for the state’s first casino to include table games.If passed, voters will say it’s OK for... By Glenn Haussman

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Singapore Gives LVS 1st Ever Casino Sheldon Adelson has done it again. The creator of The Venetian in Las Vegas has won the right the build Singapore’s first ever casino, Marina Bay Sands Integrated Resort, through his Las Vegas Sands Corporation (NYSE: LVS). It beat out such venerable operators as Keppel Land, ... By Glenn Haussman

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Anti-Internet Gaming Law Harrah’s Entertainment and MGM Mirage are looking to arm twist Congress into legalizing Internet gaming in the hopes of gaining control of this multi-billion dollar business. However, the House of Representatives seems bullish to effectively squelch American’s ability to wager... By Glenn Haussman

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Life’s a Beach This Summer in AC Now that it’s reemerged as a premier resort getaway, people are finding more reasons than ever to flock to Atlantic City. During sun drenched summer days, four miles of pristine white sandy beaches woo sun worshippers while the city’s beach bars entertain and delight into the wee hours of the night. By Glenn Haussman

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MGM’s $7 Billion Gamble In Las Vegas, it’s all about bigger is better. And it’s hard to believe anything will be bigger than Project CityCenter, a colossal $7 billion resort complex set to open in 2009 smack dab in the heart of the Las Vegas Strip. Project CityCenter is the largest privately financed in the US. By Glenn Haussman

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War Ends in Aztar Sale Posted:2006/05/22 After more than two months in a heated bidding war that upped the purchase price by more than $600 million, the gaming company which owns the Tropicana moniker has entered into a definitive agreement to be purchased with Kentucky based Columbia Entertainment... By Glenn Haussman

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Hard Rock Vegas Sold!! Rampant speculation turned to deal-making fruition as owner Peter Morton has sold his Hard Rock Hotel & Casino in Las Vegas plus an additional 23 acres of land on the same parcel for $770 million in cash to the Morgan Hotel group Co., an owner of boutique hotels. By Glenn Haussman

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Steve “Wynns” Timely Honor The man who invented (and continues to reinvent) modern Las Vegas was honored by Time Magazine last week as one of the World's Most Influential People. And for good reason too: Steve Wynn’s far reaching influence is felt in almost every corner of modern casino design. By Glenn Haussman

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Canadians Embracing Online Gaming A new poll, released by the Canadian Gaming Association, indicates that most Canadians today see gaming, including online gaming, as an acceptable way to spend their entertainment dollars. The survey was conducted by PMG Consulting, based in Waterloo, Ontario... By Gene Koprowski

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Foxwoods and MGM MIRAGE Sign Revolutionary Pact This incredible deal between The Mashantucket Pequot Tribal Nation (MPTN) and MGM MIRAGE (NYSE: MGM) will bring the MGM Grand casino brand to the woods in Connecticut while giving Foxwoods Resort Casino the ability to leverage the venerable MGM brand name. By Glenn Haussman

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Online Casino gaming, a $25 billion business Major gaming companies, like Wynn Resorts, Inc. (Nasdaq: WYNN) and MGM Mirage (Nasdaq: MGM), have moved into online gaming, in a major way, as the business begins to bustle, and is projected to reach $25.2 billion by 2010, experts tell Onlinecasinocrawler.com. By Gene Koprowski

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NBA Hall of Famer admits to gambling losses Retired NBA superstar and Hall of Famer Charles Barkley told ESPN in an interview that he has a gambling problem and estimates his losses to be close to $10 million. By Jerome Jacobson

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