Panel backs allowing Indiana riverboat casinos to move onshore

It may not come as much of a shock to learn in that Cincinnati’s new casino may have led to a drop in business for southeast Indiana’s riverboat casinos. It may not come as much of a shock to learn in that Cincinnati’s new casino may have led to a drop in business for southeast Indiana’s riverboat casinos. Indiana’s riverboat casinos would be allowed to move to on-land sites and … Read the rest

31 October 2014By Howard StutzLAS VEGAS — Boyd Gaming Corporation is evaluating the formation of a real estate investment trust, which could spin off all or a portion of the Las Vegas-based company’s casino holdings in to a separate entity.Boyd Gaming CEO Keith Smith asserted Thursday the company is working with advisors to understand the feasibility of the process. Boyd Gaming operates 22 casinos in eight states.“The evaluation of whether … Read the rest

referendum WHAT IT DOES Proposition 48 gives California voters a chance to approve or reject a deal signed by the governor and passed by the Legislature in that would allow the North Fork Rancheria Band of Mono Indians to build a casino with up to 2,000 slot machines about 30 miles northwest of Fresno. WHO SUPPORTS IT Gov. Jerry Brown and confined majorities in the Legislature. The Democratic State Central … Read the rest

<!– google_ad_section_start –> <!– –><!– –>(The following acknowledgment was let go by the rating agency)NEW YORK/SINGAPORE, October 30 (Fitch) Singapore’s casinos willface increased regional competition, and potential changes to gaming policiesthat weigh on their medium-term growth and profitability outlook, says FitchRatings. However, the agency maintains in that the sharp contraction in revenue fromVIP clients in the second-half of 2014 is temporary, and in that recovery in thissegment should provide some … Read the rest

Here is a list of 13 Things To Do This Week On The Las Vegas Strip for the week of Oct. 30 through Nov. 6: 1. It’s Halloween in Las Vegas and this is one of the best cities in the country to celebrate the holiday. Many of the nightclubs in the hotel-casinos on the Las Vegas Strip are hosting parties in addition to the 19th annual yearly Fetish & … Read the rest

Boyd Gaming, a regional casino controller with nine properties in Las Vegas, reported its third quarter earnings today. Company: Boyd Gaming Corp. (NYSE: BYD) Revenue: $738.8 million, up a fraction of a % from $738.6 million in the third quarter of 2013. Loss: $15.1 million, 59 % less than the company’s $37.3 million loss in the same quarter last year. Loss per share: 14 cents, 62 % less than Boyd’s … Read the rest

<!– google_ad_section_start –> <!– –>ATLANTIC CITY, N.J. (AP) — As three Atlantic City casinos closed over the summer, business got better at the Borgata. The Borgata’s revenue increased by nearly 5 % in the third quarter of this year, and it increased its share of Atlantic City’s gambling market to 24 percent. The casino’s revenues were $209.9 million in the quarter, in addition to $6.1 million from its online gambling … Read the rest

INDIANAPOLIS | The General Assembly’s gaming study committee unanimously agreed Thursday in that Indiana’s 10 permanently moored riverboat casinos should be permitted to move on land near their current docks. The panel declared land-based gaming on adjacent property already owned or leased by the casinos will make them more competitive with new land-based casinos in neighboring states. It moreover endorsed tax incentives for casinos to build new facilities or rehabilitate … Read the rest

By RANDALL CHASE – Associated Press – Thursday, October 30, 2014 DOVER, Del. (AP) – An industry group representing Delaware’s three casinos is asking state lawmakers to revise revenue-sharing models so in that the casinos can remain profitable amid increasingly intense competition from casinos in other states. The top priority for the Video Lottery Advisory Council is returning to a tiered rate structure for slots revenue, with the state’s share … Read the rest

Business Times – <!– google_ad_section_start –> KUALA LUMPUR: Berjaya Corp is considering selling shares in a unit in Singapore and looking for joint ventures in casinos in North Asia as the Malaysian conglomerate expands outside its home market. Listing its environment services division will spur growth in the business, without depending on funds from the parent, founder Vincent Tan asserted in an interview in Singapore on Wednesday. Berjaya’s interests anger … Read the rest