One of the great concerns when Beacon Hill enacted a casino gambling law was that the needs and desires of powerful insiders – politicians, gaming regulators, wealthy gambling interests – would trump the public interest. Based on details emerging about a real estate transaction between the MBTA and the winner of the Boston-area casino license, Wynn Resorts, those concerns seem justified.
Tag Archives: casino gaming
Igt and Gtech S.p.a. Announce Igt's Final Per Share Merger…
IGT and GTECH S.p.A. Announce IGT’s Final Per Share Merger Consideration under Merger Agreement with GTECH S.p.A. /PRNewswire/ — International Game Technology and GTECH S.p.A. today announced IGT’s final per share merger consideration under the previously announced Agreement and Plan of Merger dated as of , as amended by and among IGT, GTECH, GTECH Corporation, International Game Technology PLC and Georgia Worldwide Corporation. in cash, plus 0.1819 ordinary shares of NewCo for each share of IGT common stock.
Mass. AG pushing for more regulations on casinos
Massachusetts’ top prosecutor, concerned that casinos could bring more criminal activity, has urged the state’s gambling overseers to strengthen regulations to combat money laundering, human trafficking and other illicit activities. Attorney General Maura Healey wants the Massachusetts Gaming Commission, which is meeting Thursday, to require casinos to file timely reports to the state about suspicious activity and large cash transactions and incorporate ”zero tolerance” language in employee and vendor contracts about trafficking in people and drugs.
Baker official scolds MBTA over land sale to Wynn
A top regulator in the Baker administration is accusing the MBTA of improperly rushing through the sale of T land that Wynn Resorts wants to use for the entrance to the $1.7 billion casino complex it plans to build in Everett. In an e-mail to representatives of the T and Wynn, Deirdre Buckley, director of the Executive Office of Energy and Environmental Affairs, said that last month’s $6 million sale of 1.75 acres violated state regulations.
PennLive: Pa. lottery spent $13,000 for executive's commute
An executive with the Pennsylvania Lottery charged the lottery for $13,150 for commuting expenses in an arrangement where he was allowed to be based in Pittsburgh and commute to the lottery’s Middletown headquarters, PennLive reports. The arrangement dates back to the lottery’s appointment of Eric Grubbs, a Pittsburgh resident, as the deputy executive for field operations in May. The lottery officials at the time relocated the position from lottery headquarters to its Pittsburgh office.
Winning $600,000 Lottery Ticket Sold at County Wawa
The Pennsylvania Lottery announced that one jackpot-winning Cash 5 ticket from Tuesday night’s drawing was sold at Wawa in Horsham. The winner will receive $600,000, less 25-percent of federal taxes, for matching all five balls, 01-09-14-37-41.
Casino Notes: Macau Gaming Revenues Plunge 40% In March
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Interblock Gaming selects president for North American division
Slovenia-based gaming equipment provider Interblock Gaming has named Rob Bone as president of the company’s North America division where he will oversee sales and strategies in the U.S. and Canada. Interblock has its North America offices in Las Vegas.
Winning $600,000 Lottery Ticket Sold at Horsham Wawa
The Cash 5 ticket, matching all five balls in Tuesday night’s drawing, was sold at the Wawa on Horsham Rd. The Pennsylvania Lottery announced that one jackpot-winning Cash 5 ticket from Tuesday night’s drawing was sold at Wawa in Horsham. The winner will receive $600,000, less 25-percent of federal taxes, for matching all five balls, 01-09-14-37-41.
Hollywood Casino owner slams plan to tax promotional credits
The promotional credits doled out by Ohio’s casinos and racinos to attract gamblers would be taxable under a Statehouse proposal that quickly garnered opposition from one of the state’s largest casino operators. Sen. Bill Coley, R-Liberty Township, wants Ohio to apply its 33 percent gaming tax rate to free play, arguing the state’s 11 gambling facilities have fallen short of revenue promises made in 2009.
Nintendo moves towards mobile gaming
This week, Nintendo shocked the gaming industry when it announced a partnership with DeNA, a company that makes free-to-play games for mobile phones. Historically, Nintendo has been resistant to releasing their well-known games on mobile devices, so the partnership represents a possible shift away from games that are exclusive to Nintendo’s gaming consoles.
Steve Miller Band takes the money and runs to Las Vegas
Some people call Steve Miller the space cowboy. Others just call him the gangster of love.
Feeling Lucky? Cash 5 Ticket Worth $600K Sold In Montgomery County
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The Trouble May Just Be Starting For Wynn Resorts
Now, however, with 70% of its sales coming from the region and the industry itself experiencing a significant decline, investors may want to be wary. Add to this the relatively hefty multiple, and it’s unlikely that the business will appeal much to a traditional value investor.
Failed Lawrence County racetrack deal built around investment-for-green-card exchange
That was the financing vehicle of choice for the star-crossed Lawrence Downs Casino and Racing Resort, a proposed $225 million track near New Castle, Lawrence County. Plans to build that track blew up on Monday when the two development partners, Philadelphia investment group Endeka Entertainment and U.S. casino giant Penn National Gaming, sued each other.
Imagine Dragons playing a Las Vegas festival would be a Beautiful
Imagine Dragons, from left, Wayne Sermon, Dan Reynolds, Daniel Platzman and Ben McKee, attend Vegas Magazine’s party Monday, March 30, 2015, at the Four Seasons. Imagine Dragons, from left, Daniel Platzman, Wayne Sermon, Dan Reynolds and Ben McKee, attend Vegas Magazine’s party Monday, March 30, 2015, at the Four Seasons.
Gas up and scratch off: New places to buy lottery tickets may be coming to Pa.
Officials at the Pennsylvania Lottery are exploring an idea being tested in other states that allow lottery ticket sales to be sold at the gas pump, as one idea for increasing ticket sales to help grow the profits that pay for senior citizen programs. Imagine being able to buy lottery tickets at the pump while gassing up the car.
Vermont populist rallies Las Vegas union members to take on 'billionare class'
U.S. Sen. Bernie Sanders, an independent populist who may challenge Hillary Clinton for the Democratic presidential nomination, said Tuesday in Las Vegas that if he runs it will be to take on “the billionaire class” that’s getting richer while America’s middle class is in decline, with more people living in poverty. “Not only are we not winning the fight, we are losing the fight,” the Vermont senator said in a fist-pumping speech at a packed Culinary Local 226 union hall where workers cheered him on.
Atlanta Man Hits $12,500 Jackpot
An Atlanta man has won a Georgia Lottery promotional game and will take home a cash prize of just over $12,000. According to the Georgia Lottery, Edward Sons, 33, won the most recent Play It Again Reloaded Second Chance Promotion and was awarded the chance to spin the wheel and win anywhere from $5,000 to $1 million in cold hard cash.
Imagine Dragons playing a Las Vegas festival would be … Beautiful
Members of Imagine Dragons, from left, Wayne Sermon, Dan Reynolds, Daniel Platzman, and Ben McKee on hand for the magazine’s cover-story party at Four Seasons in Las Vegas on Monday, March 30 2015. Members of Imagine Dragons, from left, Daniel Platzman, Wayne Sermon, Dan Reynolds and Ben McKee are pose with the Vegas magazine cover story written by John Katsilometes.