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Northern Virginia Casino Bill Expected in January, Referendum Faces Long Odds
Legislation to allow residents in Northern Virginia to weigh a commercial casino is expected to be filed when the state’s General Assembly convenes in January. An aerial view of Tysons, Va. The legislative push to allow voters in Fairfax County to consider a casino development in the Northern Virginia area is expected when state lawmakers…
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Newly Inaugurated Seneca President Wants to End Revenue Sharing With New York State
JC Seneca, the aptly named president of the Seneca Nation who was sworn in to lead the powerful and influential tribe based in upstate New York on Tuesday, is being rather blunt about what he hopes to achieve in negotiating a new Class III gaming compact with the state. JC Seneca addresses the Seneca Nation…
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Endeavor CEO Ari Emanuel Buys Sports Betting Units at Big Discount
Endeavor Group Holdings, Inc. (NYSE: EDR) announced that it’s selling its IMG Arena and OpenBet sports betting businesses to a group led by CEO Ari Emanuel. The sale price is $450 million. Endeavor CEO Ari Emanuel is leading a group that’s acquiring OpenBet and IMG Arena for $450 million. (Image: Getty) OB Global Holdings LLC…
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Louisiana Pol Proposes Massive Sports Betting Tax Hike
Sports betting industry observers likely didn’t have Louisiana considering a major tax increase on their 2024 bingo cards, but it’s possible following newly filed legislation. The Caesars Superdome in New Orleans. A Louisiana politician proposed a bill that would raise the state’s sports betting tax to 51%. (Image: Getty) On Monday, Rep. Roger Wilder III…
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Investor Jason Ader Jet Sets Around the World While Facing Lawsuits
Jason Ader, the founder of a blank-check company that attempted to bring the Okada Manila casino resort public, is gallivanting around the world while facing litigation, including from his mother, as clients of his hedge fund demand their cash be returned to them. Investor Jason Ader has been spotted traveling the world as his hedge…
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Golden Entertainment Hints at Real Estate Sales
Shares of Golden Entertainment (NASDAQ: GDEN) rose on Friday after executives hinted they’re examining avenues for monetizing the casino operator’s real estate assets. Golden Entertainment’s Strat Las Vegas. The operator said it is examining options for real estate holdings. (Image: Vegas Means Business) The comments were made on a conference following the company’s third-quarter earnings…
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Kewadin Casinos in Upper Michigan Going Smoke-Free
The handful of Kewadin Casinos on Michigan’s Upper Peninsula, owned and operated by the Sault Ste. Marie Tribe of Chippewa Indians, will soon prohibit indoor smoking and vaping. All Kewadin Casinos in Upper Michigan, including the Christmas property, are going smoke-free. The Sault Tribe says the decision is to provide a cleaner experience for guests…
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Reno’s Grand Sierra Resort Agrees to $250K Settlement With Nevada Gaming Commission
The Grand Sierra Resort in Reno has agreed to pay the Nevada Gaming Commission (NGC) a quarter of a million dollars to settle a regulatory complaint stemming from an incident last year. The Grand Sierra Resort in Reno has agreed to pay $250K to settle a regulatory complaint brought by the Nevada Gaming Control Board…
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Dotty’s Operator Wins $3 Million Tax Refund from Nevada Regulator
The Nevada Gaming Commission (NGC) unanimously voted in favor of refunding $3.12 million in overpaid taxes to Nevada Restaurant Services Inc., the operator of the ubiquitous Dotty’s gaming taverns. A Dotty’s gaming bar. Operator Nevada Restaurant Services is getting a couple of big tax refunds from the state of Nevada. (Image: Las Vegas Review-Journal) As…
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Bally’s Selling Asia Digital Gaming Operations
Bally’s (NYSE: BALY) said it is selling its Asian interactive gaming business, which also operates in other markets, to a group comprised of executives from the to-be-divested entity. Bally’s on the Atlantic City Boardwalk. The company is selling its Asian interactive unit. (Image: Press of Atlantic City) Financial terms of the transaction weren’t disclosed, but…
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