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Nevada’s Major Casinos Net $1.6bn For The First Time In Ten Years

It’s been 10 years since Nevada saw its gaming industry in full bloom as the casino industry took a major hit after the global recession in 2007. Nevada is finally steering clear of the effects of the recession as a new report has shown that the casino industry has done rather well in the 2017 fiscal. One of the main reasons for this recovery is because the Nevada casino industry has continued to focus on developing non-gaming amenities. The Nevada [...]

NJ Online Poker Players Can Now Play Live Dealer Casino Hold’em

The Golden Nugget online casino has just added a new offering to its line-up: a live-dealer game called Casino Hold’ Em. This is an interesting game that is similar to poker. The main difference is that instead of betting against other players, Casino Hold’ Em allows bettors to bet against a bank. It retains a bit of the Texas Hold’ Em rules in that the players and the dealer each get two cards and a river of three cards [...]

Atlantic City’ Gaming Industry Expected To Have A Good Year In 2018

Atlantic City’s economy has suffered during the last decade mainly because the once thriving gaming industry has been in decline. After years of declining casino revenues, the city might be on the verge of turning things around. There are several factors that seem to indicate that 2018 will be the year, when this southern New Jersey city will experience a revival. The biggest indication of this potential rise is the reopening of the former Trump Taj Mahal. Once a piece [...]

Caesars Casino Owners Announce Plans For IPO On NYSE

Vici Properties, the real estate trust that owns Caesars Entertainment Corporation is planning an initial public offering (IPO) to help fund its efforts to balance the books. The Caesars brand is best-known for its many casinos and golf courses but the company has gone through troubled times in the recent past and has just come out of bankruptcy proceedings. Vici Properties was formed from the reorganization of the company, giving them ownership of the many holdings of the company and [...]

Scientific Games Acquisition of NYX Approved by Shareholders

NYX Gaming Group Ltd majority shareholders voted in favor of the company being acquired by Scientific Games for $631 million. Once the acquisition is completed, it will enable Las Vegas based Scientific Games to have a major presence in national sports betting and be a dominant force in the sports betting industry. On Wednesday, shareholders cast their votes that represented 99.6 percent of the shares of NYX during a "scheme of arrangement" sanctioned by a Guernsey court and worked under [...]

Penn National Gaming To Purchase Pinnacle Entertainment For $2.8bn

Penn National Gaming Inc has announced that it is set to acquire Pinnacle Entertainment Inc for $2.8 billion in what will be a cash-and-stock deal. Once the acquisition of Pinnacle is completed, Penn National will become the leading U.S. regional gaming operator in terms of overall properties. The deal which had been in the works since October, has been approved by the boards of both companies and is expected to be closed during the second half of 2018. The strategic [...]

MGM National Harbor Has Met Expectations A Year After Opening

MGM National Harbor opened last year in Prince George’s County in Maryland and gamblers in Maryland and neighboring Washington D.C. were very eager to visit the casino property and see what it has to offer. Now that a year has passed since its grand opening, the $1.4 million MGM National Harbor has lived up to its high expectations set and has been the main reason for the economic rise in the county. Reports have come in stating that the casino [...]

New York’s Resorts World Catskills On Track For March 2018 Opening

Resorts World Catskills, the fourth and last scheduled Vegas-style casino set to open in upstate New York, is on track for its March 2018 opening. Resorts World Catskills is expected to be the biggest and fanciest non-Indian, nation-owned casino resort to be constructed in the area. The casino resort is being developed on the former site of the Borscht Belt-era resort Concord Hotel. Resorts World Catskills will be an 18-storey casino and hotel development that will feature 100,000 square feet [...]

San Manuel Casino To Phase Out Bingo Halls For Slot Machines

San Manuel Casino finally retired what was once California’s second-largest bingo operation and chose to embrace change in order to cater to a younger and more energetic audience. The fact that the bingo operations had declined significantly over the years and that there was a demand for slot machines, made it easy for the company to make the switch. The San Manuel Casino, operated by the federally recognized tribe of indigenous Serrano people called The San Manuel Band of Mission [...]

Caesars Expands In Indiana With $1.7bn Centaur Acquisition

Caesars Entertainment Corporation has chosen to expand its operations into Indiana after the company announced that it had signed a definitive agreement of acquisition with privately-owned U.S. casino and horse racing company Centaur Holdings LLC. Caesars stated it had made an agreement to pay $1.625 billion at closing and $75 million in deferred consideration. This puts the total value of the acquisition of Centaur at $1.7 billion in cash. This purchase price was agreed upon as a representation of the [...]