It’s hard to see that happening given all the barbs, “he said-he said,” and frosty meetings between City Hall and the Wynn team. But it needs to happen, and a fresh start can be had here: At Sullivan’s on Castle Island with nothing coming between them, except for a couple of hot dogs and views of the Southie waterfront.
The former chairman of the now-defunct Arkansas Lottery Commission, John C. “Smokey” Campbell of Hot Springs, started work this week as the director of the Arkansas Racing Commission. The commission regulates thoroughbred and greyhound racing in the state, including Oaklawn Park in Hot Springs and Southland Gaming and Racing in West Memphis.
Wynn Resorts’ proposal for a $1.7 billion casino in Everett won a crucial environmental certificate from the state on Friday, clearing one of the biggest obstacles it faced and moving the Las Vegas company closer to getting a shovel into the ground. The approval after more than two years of studying traffic and other issues adds new momentum to Wynn’s drive to open the state’s first resort casino by 2018.
IT’S ten years since the People’s Post Code Lottery launched, helping to create thousands of lucky winners while providing vital funds for a host of Scottish charities. The lottery, which is based around players’ postcodes allowing entire communities to win together, set out as a unique way to fundraise for good causes.
The US judge overseeing the bankruptcy of the troubled Baha Mar Casino & Hotel in the Bahamas has told the squabbling parties to keep talking.
On Wednesday, Baha Mar Ltd, the developer of the stalled $3.5b resort project, filed a restructuring plan with the US Bankruptcy Court in Delaware. The plan, which is intended to restart work on the nearly finished project, suggests voiding Baha Mar Ltd’s deal with its principal contractor China Construction America (CCA) as well as the $72m or so in claims CCA has against the developer.
Baha Mar Ltd filed for Chapter 11 bankruptcy protection in June, citing debts of over $1b. The project has been fraught with delays and cockups since the 2008 global financial crisis and CCA stopped work on the project earlier this year because it said Baha Mar Ltd wasn’t paying its bills. In retaliation, Baha Mar sued CCA for allegedly failing to meet specified timelines.
The restructuring proposal promises that all of CCA’s Bahamian subcontractors will eventually be paid “in the ordinary course of business.” This is intended to win back the support of the Bahamian government, which has filed papers to take control of the project due to the number of local jobs at stake. The government is also listed among Baha Mar Ltd’s creditors as being owed a total of $58.8m.
With revenue in the world’s largest gaming destination, Macau, China, continuing to slump, casino investors have been looking to the state of Nevada for some much-needed good news this year. The state’s Gaming Control Board recently released its report on gaming revenue for the month of July.
Be careful when you walk into the Hard Rock Hotel on Friday. Some guy may come up and start saying weird things to you or start going crazy or … oh, you’re there for the “Impractical Jokers” show? Never mind.
A consultant and writer on the video-gaming industry who calls himself “The Game Master” was sentenced Friday to 2 years in prison for possessing child pornography. Paul Hyman, 67, of Great Neck, was ordered to surrender on Jan. 12 by Judge Leonard Wexler in U.S. District Court in Central Islip.
Code Warrior turned in an impressive debut score in the sixth race Aug. 28 at Golden Gate Fields to give trainer Manny Badilla an emotional and notable victory.
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Frank Stronach was mobbed at Palm Meadows, his West Palm Beach, Fla. horse-training facility, by grateful residents of New Orleans who were displaced from from their homes by Hurricane Katrina, including Vernon Ramsey .
Still going strong at age 8, Aliyu Ben J Stables’ homebred Lubash won the $150,000 West Point Stakes for a second time Aug. 28, scoring by a length from King Kreesa at Saratoga Race Course.
Nevada casinos started their new fiscal year off on a downer note.
According to figures released Friday by the Nevada Gaming Control Board, statewide casino revenue in the month of July came to $923m, a decline of just under 1% from the same month last year, although the figure was up 11% from June 2015. The situation was slightly worse on the Las Vegas Strip, where revenue fell 2% to $525m.
Total slot machine revenue was up 5.5% to $600m and baccarat was the month’s top table game earner, although baccarat’s $104m take was down 23% year-on-year on a 12.75% win rate. Baccarat handle fell by more than one-third year-on-year, in case anyone needed proof that the VIP slowdown in Macau has also put a serious crimp in the number of Asian whales willing to make the trip to Vegas.
Blackjack ranked second in the table takings, although its $81.4m was down nearly 22% year-on-year. Roulette was up 55.4% to $35.4m while craps fell 15.5% to $30.2m. The rest of the table chart looked like this; three-card poker ($12.1m, +15%), mini-baccarat ($9.9m, +13.3%), pai gow poker ($9.9m, +2.3%), let it ride (($3m, +10%), keno ($2.4m, +3.5%), pai gow ($675k, -34.3%) and bingo ($545k, -41%).
A GOOD DAY: Lottery winner Peter Mello of Brockton and his wife, Kathleen, won $1 million playing Powerball last week. Above is Grover Long, a clerk at the C & B convenience store where the Mellos bought the winning ticket.
Bahri, sire of 2001 Prix de l’Arc de Triomphe (Fr-I) victor Sakhee among 16 stakes winners, has been retired from stud duty at the age of 23, Shadwell Estate Co. and Girsonfield Stud and Racing announced Aug. 28.
Travers Stakes (gr. I) hopeful Texas Red and Team Texas Red will partner with Richard Rawlings of Gas Monkey Garage and star of Discovery Channel’s “Fast N’ Loud” for this weekend’s race.
Strong casino growth helped online gambling operator GVC Holdings overcome the impact of new taxes in the first half of 2015.
Overall revenue in the six months ending June 30 rose 15% to €121m while earnings rose 14% to €25.5m. Sports revenue per day rose 6% to €303k despite margins falling 1.1 points to 8.8%, while gaming revenue was up 25% to €365k per day. GVC’s core operations include the Sportingbet, CasinoClub and Betboo brands.
Sports betting turnover rose 18.5% year-on-year. In-play’s share of sports betting revenue rose 10 points to 73% while mobile’s share increased 16 points to 38%. Total customer deposits rose 18% as the number of active and depositing customers increased 14% and 7% respectively.
Looking forward, GVC says trading in the first two months of Q3 has been “strong” despite the absence of a major football tournament like last year’s FIFA World Cup. GVC’s board remains “highly confident” regarding its prospects for the rest of 2015.
Suu Le of Stoughton is the thirteenth $1 million prize winner in the Massachusetts State Lottery’s $30 “Supreme Millions” instant game. Le opted to receive a one-time cash prize payment of $650,000, less taxes.
Canadian architecture and engineering firm Stantec has plans to acquire Burlington-based engineering and planning firm Fay, Spofford & Thorndike by October. FST was founded more than a century ago and specializes in large-scale transportation and water infrastructure projects, recently completing the design of the Interstate 93/Interstate 95 interchange in Canton for the Massachusetts Department of Transportation and design of the $33 million Logan Express Garage and Terminal for Massport.
Martin Finger is already known as one of the top players in European poker circles, having scored wins both on the European Poker Tour and in other events across the continent. But the 25-year-old German is always looking to beef up his poker resume, and adding another high roller title to his accolades certainly won’t […]
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