Penn National Gaming announced Wednesday it will acquire three more casinos for $780 million.
Eric Nelson, the new operator of Playfair race course near Spokane, Wash., is considering racing options for Yakima Meadows, a track about 200 miles southwest of Spokane.
Racetrack casinos in five states generated $2.1 billion in revenue and $577.9 million for state and local governments, according to the American Gaming Association's "State of the States" survey of casino entertainment.
The nomadic tribe of Choctaw Indians want to build a land-based casino and hotel complex inside the city limits of Vinton, La
MGM Mirage could take over efforts to build a riverboat casino in Rosemont, Ill., near O'Hare International Airport that would pump tens of millions of dollars into the horse racing industry.
The attorney for a small Indian tribe in Michigan is calling for the closure of Detroit's three casinos following a federal Appeals Court ruling that the licenses are "illegitimate."
Casino gambling in the Catskill Mountains of New York took a major step forward with the signing of an agreement between an Indian tribe and the world's largest casino company to manage a sprawling betting resort.
A push is under way in California for expanded gaming at proposed casinos or any outlet that currently holds a gaming license, including racetracks, according to published reports.
Penn National Gaming has agreed to purchase the assets of the Bullwhackers Casino operations from Colorado Gaming and Entertainment Co., a subsidiary of Hilton Group, for $6.5 million in cash. The Pennsylvania-based company already has gaming holdings in Louisiana and West Virginia.
Simulcast handle at most Kentucky racetracks has fallen or remained static in each of the past several years. An exception has been Keeneland, which experienced nine consecutive years of growth through 2000, when the amount wagered on simulcasts topped a record $104 million.
Australians have effectively been banned from gambling with online casinos. The Australian Federal Government made several 11th-hour compromises to get its watered-down internet gambling bill through the Senate stage on June 28. As the bill was passed at the final sitting before the winter recess, it became illegal for Australians to bet with online casinos offshore as well as domestically.
Legislation to legalize Internet gambling passed the Nevada Senate on a 17-4 vote Monday and was sent to Gov. Kenny Guinn. The Associated Press reported that Internet gaming could be worth $6 billion to the state's casino industry by 2003.
A state judge in New York has slapped down the governor's ability to negotiate casino deals on his own with Indian nations -- a major ruling that could halt a number of efforts under way by tribes to build new casinos.
They won't be seeing it anytime soon, but Illinois racetracks and horse owners each can expect about $10 million a year as their cut of a Cook County riverboat casino. There has been speculation - sometimes wild speculation - since the 1999 revision of Illinois gaming and racing laws about how much racing can expect as its 15 percent share of the adjusted gross annual revenue from the boat. The fiscal 2002 Illinois budget presented by Gov. George Ryan on Feb. 21 provides a semi-official answer: $20 million, split 50/50 between purses and tracks.
The Illinois Gaming Board Tuesday voted against granting a license for Emerald Casino's plan to build a more than $100 million gambling barge in Rosemont, Ill. An appeal is expected.
For the second time in the past five years, the first casino in New Orleans, La., has filed for protection under federal bankruptcy laws. Unlike the previous bankruptcy filing in 1995, however, the casino will continue to operate as it seeks to cut its indebtedness and tax burden to the state, according to the New Orleans Times-Picayune.
Casino gaming is becoming a hot topic in the upper Midwest, with a privately-managed, state-owned facility being proposed in Minnesota and three Indian groups in Wisconsin joining forces with an ailing Greyhound track in a casino proposal.
The top executive of an Idaho Indian casino says his business is not stealing high-stakes players from racetracks by offering rebates, and is considering suing three racing organizations for damages.
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