The Multi-State Lottery Association (MUSL) has elected Gary Grief, Executive Director of the Texas Lottery, as president of the organization.Texas, Insider Buzz, Administration, Multi-State Game, Director
Monthly Archives: June 2016
Texas Lottery chief named MUSL President
The Multi-State Lottery Association (MUSL) has elected Gary Grief, Executive Director of the Texas Lottery, as president of the organization.Texas, Insider Buzz, Administration, Multi-State Game, Director
Songbird Back for Summertime Oaks
A low-grade fever may have knocked Fox Hill Farms’ undefeated champion Songbird out of the Longines Kentucky Oaks (gr. I), but her 3-year-old campaign will restart June 18 in the $200,000 Summertime Oaks (gr. II) at Santa Anita Park.
Songbird Back for Summertime Oaks
A low-grade fever may have knocked Fox Hill Farms’ undefeated champion Songbird out of the Longines Kentucky Oaks (gr. I), but her 3-year-old campaign will restart June 18 in the $200,000 Summertime Oaks (gr. II) at Santa Anita Park.
Caesars Entertainment wins temporary reprieve of creditor lawsuits
Beleaguered casino operator Caesars Entertainment has won a temporary reprieve from having to face creditor lawsuits.
On Wednesday, US Bankruptcy Court Judge Benjamin Goldgar told Caesars he had suspended bondholder lawsuits in Delaware and New York until Aug. 29. The period is shorter than Caesars had requested and Goldgar said the likelihood of him renewing the freeze after that date “will be slim.”
Caesars is attempting to restructure its main unit Caesars Entertainment Operating Co (CEOC), which filed for bankruptcy in January 2015, citing over $18b in debt.
Junior creditors, who have been asked to bear most of the fiscal pain of this restructuring, have filed lawsuits accusing CEOC’s parent company Caesars Entertainment Corporation (CEC) of illegally shifting profitable assets out of CEOC into other CEC divisions prior to the bankruptcy filing.
Caesars Entertainment wins temporary reprieve of creditor lawsuits
Beleaguered casino operator Caesars Entertainment has won a temporary reprieve from having to face creditor lawsuits.
On Wednesday, US Bankruptcy Court Judge Benjamin Goldgar told Caesars he had suspended bondholder lawsuits in Delaware and New York until Aug. 29. The period is shorter than Caesars had requested and Goldgar said the likelihood of him renewing the freeze after that date “will be slim.”
Caesars is attempting to restructure its main unit Caesars Entertainment Operating Co (CEOC), which filed for bankruptcy in January 2015, citing over $18b in debt.
Junior creditors, who have been asked to bear most of the fiscal pain of this restructuring, have filed lawsuits accusing CEOC’s parent company Caesars Entertainment Corporation (CEC) of illegally shifting profitable assets out of CEOC into other CEC divisions prior to the bankruptcy filing.
Crown Resorts to spin off int’l operations, launch real estate investment trust
Australian casino operator Crown Resorts has proposed spinning off its international operations and launching an initial public offering of a real estate investment trust (REIT) for its Aussie hotel properties.
On Wednesday, Crown issued a statement saying it planned to create a separately listed holding company that would include its 27.4% stake in Melco Crown Entertainment, which operates casinos in Macau and Manila.
The new company will also include Crown’s stake in the Alon development site in Las Vegas, its 50% stake in UK casino operator Aspers, its $22.5m investment in US casino operator Caesars Entertainment and its 20% stake in high-end restaurant chain Nobu.
Following the demerger, Crown would retain ownership of its four existing Aussie casinos and the in-development Crown Sydney, as well as its wagering and online betting businesses, which include CrownBet, Betfair Australasia and the DGN Games social gaming division.
Crown Resorts to spin off int’l operations, launch real estate investment trust
Australian casino operator Crown Resorts has proposed spinning off its international operations and launching an initial public offering of a real estate investment trust (REIT) for its Aussie hotel properties.
On Wednesday, Crown issued a statement saying it planned to create a separately listed holding company that would include its 27.4% stake in Melco Crown Entertainment, which operates casinos in Macau and Manila.
The new company will also include Crown’s stake in the Alon development site in Las Vegas, its 50% stake in UK casino operator Aspers, its $22.5m investment in US casino operator Caesars Entertainment and its 20% stake in high-end restaurant chain Nobu.
Following the demerger, Crown would retain ownership of its four existing Aussie casinos and the in-development Crown Sydney, as well as its wagering and online betting businesses, which include CrownBet, Betfair Australasia and the DGN Games social gaming division.
Avioli to Fill New CEO Position for TOC
Greg Avioli, who has served as a senior adviser to the Thoroughbred Owners of California board of directors, has been named to the new post of chief executive officer of the organization effective July 16.
Ahh Chocolate Gets Sweet Spot in Fleur de Lis
Multiple graded stakes winner Ahh Chocolate is the filly to beat in the Fleur de Lis; she will need to pass Untapable in the stretch and then hold off Brooklynsway.
Ahh Chocolate Gets Sweet Spot in Fleur de Lis
Multiple graded stakes winner Ahh Chocolate is the filly to beat in the Fleur de Lis; she will need to pass Untapable in the stretch and then hold off Brooklynsway.
Lawmakers Defy Cuomo, Pass NYRA Legislation
Defying Gov. Andrew Cuomo, New York lawmakers June 15 gave final approval to legislation that would return the New York Racing Association to private control after a four-year period in which the board was dominated by appointees of the governor.
Lawmakers Defy Cuomo, Pass NYRA Legislation
Defying Gov. Andrew Cuomo, New York lawmakers June 15 gave final approval to legislation that would return the New York Racing Association to private control after a four-year period in which the board was dominated by appointees of the governor.
Effinex Draws Post 3 in Stephen Foster
Effinex, who last year won the Clark Handicap presented by Norton Healthcare (gr. I) at Churchill Downs, will look to add to his legacy there June 18 when he takes on six rivals in the $500,000 Stephen Foster Handicap (gr. I).
Effinex Draws Post 3 in Stephen Foster
Effinex, who last year won the Clark Handicap presented by Norton Healthcare (gr. I) at Churchill Downs, will look to add to his legacy there June 18 when he takes on six rivals in the $500,000 Stephen Foster Handicap (gr. I).
The Pizza Man Tops Wise Dan
The popular Pizza Man, winner of last year’s Arlington Million (gr. IT), returns to Churchill Downs for the June 18 Wise Dan Stakes (gr. IIT). The race goes under the lights with an approximate post of 9:05 p.m.
The Pizza Man Tops Wise Dan
The popular Pizza Man, winner of last year’s Arlington Million (gr. IT), returns to Churchill Downs for the June 18 Wise Dan Stakes (gr. IIT). The race goes under the lights with an approximate post of 9:05 p.m.
Two Big-Priced Horses Sell at OBS
In quick succession, two horses sold for $350,000 and $370,000 during the second session of the Ocala Breeders’ Sales Co. 2-year-olds in training and horses of racing age sale June 15.
California online poker bill vote delayed to consider new ‘bad actor’ amendment
California legislators punted on voting on the state’s online poker bill but promised to try again within the next two weeks.
On Wednesday, the California state Assembly Appropriations Committee convened to vote on Assemblyman Adam Gray’s AB 2863 poker bill, but uncertainty over some unpublished proposed amendments left legislators feeling they needed more discussion behind closed doors to make up their minds.
Committee chair Lorena Gonzalez apparently offered up several amendments to AB 2863 on Tuesday, details of which were revealed during testimony of Jeff Grubbe, who spoke on behalf of the Agua Caliente tribe, part of the coalition vehemently opposed to Amaya Gaming’s PokerStars brand having any role to play in California’s poker market.
Among these amendments (viewable here), Gonzalez proposed that ‘bad actors’, aka companies that were deemed to have illegally accepted wagers from California residents between Jan. 1, 2006 and Dec. 31, 2011, be barred from acquiring a license until Jan. 1, 2021. However, this ban could be sidestepped if an offending company pays $20m in back taxes.
California online poker bill vote delayed to consider new ‘bad actor’ amendment
California legislators punted on voting on the state’s online poker bill but promised to try again within the next two weeks.
On Wednesday, the California state Assembly Appropriations Committee convened to vote on Assemblyman Adam Gray’s AB 2863 poker bill, but uncertainty over some unpublished proposed amendments left legislators feeling they needed more discussion behind closed doors to make up their minds.
Committee chair Lorena Gonzalez apparently offered up several amendments to AB 2863 on Tuesday, details of which were revealed during testimony of Jeff Grubbe, who spoke on behalf of the Agua Caliente tribe, part of the coalition vehemently opposed to Amaya Gaming’s PokerStars brand having any role to play in California’s poker market.
Among these amendments (viewable here), Gonzalez proposed that ‘bad actors’, aka companies that were deemed to have illegally accepted wagers from California residents between Jan. 1, 2006 and Dec. 31, 2011, be barred from acquiring a license until Jan. 1, 2021. However, this ban could be sidestepped if an offending company pays $20m in back taxes.