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Kansas nears approval for Hard Rock Hotel and Casino

Wed, 03 Dec 2008 22:06:39 +0100

Officials of the Kansas Racing and Gaming Commissioners (KRGC) are poised to approve a $705 million Hard Rock Hotel and Casino proposal at the Kansas Speedway next Friday during a meeting in Topeka.

Gambling making a comeback in mainland China

Fri, 28 Nov 2008 17:59:26 +0100

Gambling is returning to mainland China for the first time since the Communist Party came to power in 1949.
Right now, the only betting available has been a state-run sports lottery, which has proved especially popular throughout China.

Atlanta mulls the idea of opening a new casino

Wed, 26 Nov 2008 19:00:42 +0100

Government officials in Atlanta are asking state lawmakers to support the idea of casino gambling in the southern city, reckoning it will garner millions of dollars to the region.

Penn National Gaming Eyes Wichita for New Casino Project

Fri, 21 Nov 2008 20:18:20 +0100

Penn National Gaming is mulling once again whether it will build and operate a state-owned casino south of Wichita, Kansas. “We’re going to take a look at it,” Chief Financial Officer William J. Clifford said.

Obama to take free market approach to state, Internet gambling, association predicts

Wed, 19 Nov 2008 21:40:18 +0100

The American Gaming Association (AGA) expects that U.S. President-elect Barack Obama will adopt laissez-faire, or anything goes, approach to gambling expansion when he takes office in two months, something of a contrast to his reported plans for the rest of the U.S. economy.

Shares for bookmakers rise as earnings meet forecasts

Thu, 13 Nov 2008 21:10:46 +0100

The U.K.'s biggest bookmaker Ladbrokes said this week it expects 2008 earnings to fall within the range of analysts' forecasts. Shares in Ladbrokes rose 4 percent, and Paddy Power's shares rose even higher, at 8.5 percent. Increased taxes in Ireland may impact earnings for both firms, next year, however, experts said.

Millions in revenues expected from new West Virginia casino

Tue, 11 Nov 2008 20:19:52 +0100

A study by West Virginia University indicates The Greenbrier resort hotel may reap more than $6 million in profits a year and $34 million may be infused into the local economy. What's more, up to 76 jobs may be created by table games being offered as an amenity at the four-star resort.

Expanded gambling coming to Churchill Downs

Fri, 07 Nov 2008 21:20:40 +0100

Churchill Downs Inc. President Bob Evans said he is poised to pursue expanded gambling next year in Kentucky, citing the approval of voters of slot machines in Maryland, another horse racing state.

Mobile phone gaming to be $27.5 billion business in five years

Thu, 06 Nov 2008 19:46:23 +0100

A number of trends are converging which are expected to push total annual wagers via mobile phones to more than $27.5 billion by 2013, according to a new report from Juniper Research.

Casino stocks surged this week on good news from MGM Mirage

Fri, 31 Oct 2008 18:01:36 +0100

Casino stocks soared this week as the MGM Mirage reported new funding for its CityCenter project. Investors are jumping back into the niche as the Federal Reserve slashed a key interest rate by half a point.