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IGT deploys CrystalCurve cabinet in Chile

IGT recently announced that it has introduced the CrystalCurve cabinet at Enjoy Chile casinos Enjoy Coquimbo and Enjoy Viña del Mar.

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No Verdict in Atlantic City PILOT Lawsuit Challenging Casino Tax Plan

The Atlantic City PILOT (Payment in Lieu of Taxes) program that allows the town’s remaining casinos to pay a flat property tax instead of fluctuating payments based on assessments was back in court on Thursday. Judge Julio Mendez has the most difficult task in deciding the legal merits of the Atlantic City PILOT program. (Image: Michael Ein/Press of Atlantic City) Superior Court Judge Julio Mendez listened to arguments as to why the tax scheme is allegedly in violation of the New Jersey Constitution. The challenge is brought by a combined...

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Auburn Alum Hoping to Cash In on Longshot National Championship Bet

It’s always fun to bet on your favorite team and see them win, but for one Auburn alum, a football victory on the field could translate into a major sportsbetting win. In October, Chris Hefner put down $250.91 at the Venetian on the Tigers to win the College Football National Championship at 85-1, and if it happens he’ll walk away with $21,578.26. The Auburn Tigers are hot, and closer to the national championship than anyone expected them to be, save for one fan who stands to celebrate a big payday if his alma mater can keep winning. (Image:...

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Connecticut, two tribes go to war vs. fed gov’t over casino delay

Connecticut, two tribes go to war vs. fed gov’t over casino delay

Connecticut’s two gaming tribes have joined the state in suing the federal government over delays in approving a new casino project. On Wednesday, Gov. Dannel P. Malloy announced the filing of a lawsuit in US District Court in Washington, DC against the US Department of Interior and Secretary Ryan Zinke (pictured). The suit is intended to give a swift kick to the backside of the Bureau of Indian Affairs (BIA), which has been slow-rolling approval of the Mashantucket Pequot and Mohegan tribes’ joint venture casino project in East Windsor. At...

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Connecticut Sues US Department of the Interior Over East Windsor Casino

Connecticut Governor Dannel Malloy (D) and the state’s two federally recognized tribes want answers over the legality of constructing a satellite casino in East Windsor. Connecticut Governor Dannel Malloy is going after the US federal government for staying mum on his state’s East Windsor tribal casino. (Image: Lindsay Perry/Stamford Advocate) Connecticut, along with the Mashantucket Pequot and Mohegan tribes, has filed a lawsuit against the US Department of the Interior (DOI) that seeks full authorization over the gambling venue that is set...

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Penn National Gaming, Pinnacle Ent confirm acquisition talks

Penn National Gaming, Pinnacle Ent confirm acquisition talks

US regional casino operator Penn National Gaming (PNG) has confirmed that it is discussing a potential acquisition of rival Pinnacle Entertainment. In October, rumors swirled that PNG and Pinnacle had been holding “on-again, off-again” discussions regarding some form of tie-up. On Thursday, PNG issued a statement saying that “in light of recent market speculation,” it would confirm that it is “engaged in discussions” with Pinnacle regarding a “potential business combination” by which PNG would acquire Pinnacle in “a cash and stock...

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Gaming Stocks Ride Growth Wave as Dow Climbs Past 24,000

The Dow Jones Industrial Average broke through the 24,000 barrier for the first time on Thursday morning, marking an all-time high for the index that mirrors similar growth in stock prices for major gaming firms. The Dow Jones Industrial Average passed 24,000 on Thursday, reflecting trends that have also sent gaming stocks through the roof. (Image: Brendan McDermid/Reuters) While many factors have contributed to the recent surge, one reason for the latest index bump seems to be the Senate’s upcoming vote on a bill to overhaul federal tax...

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Melco Resorts to move HQ to Japan if casino bid accepted

Melco Resorts to move HQ to Japan if casino bid accepted

Asian casino operator Melco Resorts & Entertainment (MRE) has seriously upped the ante in demonstrating its desire to win a Japanese integrated resort (IR) license. On Thursday, MRE CEO Lawrence Ho and some of his top execs traveled to Tokyo in a bid to impress upon local officials the company’s fervent desire to land one of the coveted Japanese IR licenses. They achieved this goal in dramatic fashion by pledging to relocate MRE’s corporate HQ from Hong Kong to Japan if its IR bid was successful. MRE recently established a Japanese...

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Ohio Senate Passes Daily Fantasy Sports Bill

The Ohio Senate overwhelmingly passed a bill on Wednesday that would allow daily fantasy sports contests to be regulated in the state. Ohio Governor John Kasich may soon have the chance to sign a bill that would regulate daily fantasy sports in his state. (Image: Brian Snyder/Reuters) The legislation, originally known as House Bill 132, passed by a 25-4 margin and will now need to be reconciled with the version of the bill that passed the state House earlier this year. Under the bill, the Ohio Casino Control Commission would be charged with...

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Caesars mortgages its future with Harrah’s Las Vegas dirt sale

Caesars mortgages its future with Harrah’s Las Vegas dirt sale

Casino operator Caesars Entertainment Corporation (CEC) has sold the ground underneath its Harrah’s Las Vegas casino to help fund its purchase of two Indiana casinos. On Thursday, CEC announced that it had inked a deal with VICI Properties to sell and leaseback the land underneath Harrah’s Las Vegas. CEC will receive $1.14b from the sale, while the initial year of the 15-year lease will cost CEC $87.4m in rent. CEC has an option to extend the lease by another 20 years via four five-year extensions. CEC also announced that it has agreed to...

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