Penn National Gaming will begin the spinoff its real estate holdings into a separate public company this month, the casino operator and owner of M Resort told investors last week.
Casinos & Gaming
Although most might think the gaming business is confined to the borders of Nevada and New Jersey, the commercial casino industry consists of 513 casinos in 23 states, with 34 percent of the total U.S. population visiting a casino last year.
NEWave Inc., which launched in the early 1990s as New Wave Automation, found success filling a niche in the gaming business. That niche is developing software that automates documents allowing casinos to archive them electronically.
Gaming analysts were turned into film critics during last month’s Global Gaming Expo.
Gibraltar-based 888 Holdings has quietly carved out an extra-large share of the neophyte U.S. online gaming market.
The thriller “Runner Runner” starring Justin Timberlake and Ben Affleck hasn’t even opened yet, but it’s already in the center of the fight over online gambling regulation.”
Caesars Entertainment Corp. told shareholders they have until Oct. 17 to participate in a stock sale that will raise $1.18 billion and place ownership of Planet Hollywood, the company’s interactive division and a new Baltimore casino into a new holding company.
ATLANTIC CITY — Residents and visitors will be able to start gambling online on Nov. 26 in New Jersey, after a five-day trial period to make sure the systems operated by Atlantic City’s 12 casinos work properly.
The downtown Las Vegas resort property once known as the Lady Luck will reopen next month as the Downtown Grand, the property’s chief executive said Friday.
BOSTON— Three companies have formally applied to operate a slots parlor, the first type of expanded gambling facility expected to open in Massachusetts, state gambling regulators said Friday.
While viewing the $185 million transformation of the Barbary Coast/Bill’s Gamblin’s Hall into the Gansevoort Las Vegas, hotel developer Michael Achenbaum said he was seeking “an interesting and unique” opportunity to plant his boutique lifestyle hotel on the Strip.
Cantor Fitzgerald LP denied a published report Thursday that federal prosecutors are investigating its gaming unit’s chief executive for participating in his company accepting illegal sports bet.
Daniel Lee, a veteran gaming executive, has been appointed chief executive officer of the Palms Casino Resort. Lee replaces Joseph Magliarditi, who took over day-to-day operations of the off-Strip property in June 2011.
William H. Ryan Jr., chairman of the Pennsylvania Gaming Control Board, has indicated the winning applicant for Philadelphia’s second casino license could be selected in March or early April.
Macau casinos collected $3.6 billion from customers during September and analysts already are debating whether or not October’s results could surpass the single-month all-time record.
