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From the category archives:

Casino

New York Casino Bidder Wilmot Shows Off Design for $425 Million Resort

June 26, 2014Casino
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Rochester’s real estate company Wilmorite has unveiled its $425 million plans for a $425 million luxury casino and hotel resort. The company is one of many bidders on the limited number of casino licenses planned to be doled out by the New York state government later this year. The resort is called Lago Resort and […]

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Key Bill For Japanese Casinos Left Off Government Agenda

May 29, 2014Casino
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The push to place lucrative casinos in Japan in time for the 2020 Summer Olympics has hit a speed bump. A bill central to legalizing casino gambling was left out of Japanese parliament’s agenda this week, making it unlikely to get passed before the June 22 end of the current parliament session. Lobbyists and industry […]

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New York State Casino License Fetches 22 Million Dollar Application Fees

April 24, 2014Casino
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New York State is making money just by entertaining applications for a development license for a new casino in the state. The state received 22 applications, submitted by 21 prospective developers, prior to the midnight deadline it had established. Each application was accompanied by a mandatory $1 million fee. The development companies will now compete […]

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Iowa Considers the Benefits of a New Casino in Cedar Rapids

April 3, 2014Casino
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The Iowa Racing and Gaming Commission is in Cedar Rapids to evaluate a local investor group’s proposal for a $150 million casino project. Cedar Rapids mayor Ron Corbett and investor representative Steve Gray will take the commission on a bus tour of the proposed development sites, as well as other sites affected by severe flooding […]

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Million Dollar Application Fee Encourages Serious Inquiries Only for New York Casino License

April 2, 2014Casino
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New York State is making sure that any group who applies for one of its new casino licenses are ready to back up their proposal with some serious cash. While the license itself might go for as much as $70 million, they are collecting an application fee of $1 million from anyone who even applies. […]

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Caesars Announces Decision to Close Harrah’s Tunica Casino in Missippi

March 27, 2014Casino
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With increased competition from neighboring states and a slow recovery following flooding in 2011, Caesars Entertainment has announced that its Harrah’s Tunica casino in Mississippi will be closing on June 2. The company’s official statement says that “declines in business levels in the area stemming from increased competition” are to blame for the closure. Caesars […]

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New Wave of Casino Expansion Coming to Macau

March 26, 2014Casino
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Southeast Asia’s gambling capital is getting ready for a new round of casino development as operators predict they can attract even more gaming dollars from China. The last decade has seen huge growth in Macau and as they have transformed into a casino and hotel studded destination for the richest tourists in Asia. Macau was […]

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South Korea Greenlights Foreign Owned Casino Resort

March 18, 2014Casino
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As part of a strategy to bring in more tourism from China, South Korea has granted approval for the construction of its first foreign run casino. Korea is looking to the examples of Singapore and Macau to become a major destination for wealthy Asian tourists to spend their gambling dollars. Las Vegas-based Caesars Entertainment will […]

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Empire Resorts Reveals Proposal for Catskills Casino

March 13, 2014Casino
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Empire Resorts unveiled plans for a proposed casino project in the Catskills that would cost $750 million. Empire currently operates a small slot machine parlor at the Monticello racetrack, also in Catskills, and this proposal would greatly increase their presence in the area. It’s no sure thing though, as the proposal is expected to be […]

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Horseshoe Casino Cincinnati Celebrates Success Despite Low First Year Profits

March 5, 2014Casino
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The Horseshoe Casino Cincinnati opened its doors on March 4, 2013 to lineups of eager patrons, and now the time has come to look back on the year’s successes, as well as its shortcomings. The Horseshoe’s General Manager Kevin Kline spoke with the media just ahead of the anniversary day to share his thoughts on […]

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