Monthly Archives: March 2015

Zynga Winds Down Real Money Gaming In The UK

Zynga Poker, it was once hoped, might single-handedly spawn a second poker boom. Around 2013 the social gaming giant seemed poised to enter the real money market, as poker players licked their lips at its 32 million registered play-money users (or, to put it another way, 0.5 percent of human life on Planet Earth). The […]

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Connecticut Tribal Leaders lobby together for expanded gambling

Connecticut’s tribal leaders support expanded gambling, including possibly adding a new casino near the I-91 corridor between Hartford and the Massachusetts line.

Tribal Leaders— Rodney A. Butler, chairman of the Mashantucket Pequots (Foxwoods Resort Casino) and Kevin P. Brown, chairman of the Mohegan Tribe (Mohegan Sun) travelled in tandem, along with their lobbyists, to gauge support at the General Assembly for expansion gambling on Wednesday.

The Northeastern Casino Gaming Research Project’s update on the regional gambling industry was released on the same day. The update said the two casinos have seen employment and revenue shrink by more than 35% over the past eight years as slots parlors opened at Yonkers Raceway and Aqueduct in New York and Twin River Casino expanded in Rhode Island.

The study also predicted that the loss of jobs and revenue will worsen once the MGM Springfield casino opens in Massachusetts in 2017.

Rep. Steve Dargan, co-chairman of the Public Safety and Security Committee, said the committee would consider the expanded gambling bill, which will be submitted before March 19.

“It’s pretty simple: Do we want to expand gaming in the state of Connecticut, one, and do we want to protect jobs in the state of Connecticut, number two, and do we want to look at that end of the state … the Hartford-Enfield area?” said Dargan.

Gov. Dan Malloy said also that legislators will take a first-look at any possible gaming expansion legislation.

Scioto Downs Racino expansion includes microbrewery

COLUMBUS, Ohio & Reno, Nevada — — Eldorado Resorts, Inc. announced today that it will commence construction at Scioto Downs Racino of The Brew Brothers, a new $5.9 million microbrewery and restaurant that is expected to open by the fourth quarter of 2015. The Brew Brothers will serve as a central component of the Company’s planned $9.5 million Phase II expansion of the property.

ModernGraham Quarterly Valuation Of Wynn Resorts Limited

The market is implying 7.16% in annual earnings growth over the next 7-10 years, which is significantly less than the growth the company has seen in recent years. Wynn Resorts Limited has shown consistent and significant earnings growth over the last several years, which will immediately intrigue many investors.

The Top 10 Wealthiest Video Game Billionaires In The World

The Top 10 Wealthiest Video Game Billionaires In The World

FORBES’ latest cover story, for the FORBES Billionaires issue, is on Markus Persson, aka “Notch,” the creator of Minecraft, which was sold to Microsoft MSFT +1.09% for a whopping $2.5 billion last year.
This propelled Persson to the FORBES Billionaire list, where he’s valued at $1.3 billion.

(For some perspective, Microsoft founder Bill Gates, at the top of the list, is worth $79.2 billion.)

Notch is one of the highest profile billionaires in the video game space.

The only billionaire as famous in the West is Valve’s Gabe Newell, or “Gaben” as many devotees call him, the man at least partly responsible for such gaming phenomenons as Portal 2, the Half-Life franchise, and Steam.

See the top 10 at Forbes.com – read more

Postal worker saves Galveston man from lotterya

Postal worker saves Galveston man from lottery scam Walter Wier nearly lost over $13,000 in a scam, if it wasn’t for one determined postal worker Check out this story on KHOU.com: http://on.khou.com/1BQvqx3 Mike Hogan works the post office counter and had an “Aha!” moment while helping Wier with a $6,000 money order. “I knew that he was spending a lot of money and it just didn’t feel right to me,” said Hogan.