Tag: casino
Rhode Island bill would allow casino to extend $75K in credit
Providence Journal – The owners of the private Twin River casino are seeking legislative permission to give up to $75,000 in “interest-free, unsecured credit” on state-sponsored gambling. The bill was introduced last Thursday by new House Finance Chairman Raymond Gallison, D-Bristol. It has not yet been scheduled for a hearing, but came to light on the same day the House Judiciary Committee has scheduled a hearing on a second, tangential bill to protect unlucky gamblers from having a Rhode Island place a lien on their property for an unpaid gambling debt. The preamble to the bill allowing Twin River to…
Potential medical marijuana lawsuit addresses casino accommodations
Press of Atlantic City – An Atlantic City man has hired an attorney to clarify whether registered medical marijuana users must be accommodated in casino smoking sections after he was told he could not take his prescription at Revel Casino Hotel. Daniel Price, a 23-year-old medical marijuana card holder, said he was turned away from Revel and directed to the Boardwalk when he asked a security guard if he could use the substance in late April. A registered medical marijuana patient since February, Price is prescribed the drug to treat both seizures and irritable bowel disease. “I asked the security…
Caesars mulling Atlantic City closures
Bloomberg – Caesars Entertainment Corp. (CZR), the largest operator of casinos in Atlantic City, New Jersey, is looking for ways to reduce capacity in the struggling market, including closing properties. “We are looking at all of our options to reduce the cost of doing business here,” Chief Executive Officer Gary Loveman said yesterday on a conference call after reporting a wider first-quarter loss. “All the businesses in A.C. are under tremendous pressure.” Caesars has been struggling to remain solvent amid a glut of casinos and weak consumer spending, following a 2008 leveraged buyout that left the company with about $23…
Singapore expands self-exclusion system to add non-casino gambling venues
Calvin Ayre – Singapore’s self-exclusion option, which allows citizens to voluntary ban themselves from entering the country’s two casinos, has now been expanded after the launch of a new centralized self-exclusion system. With this new system, Singaporeans can now voluntarily exclude themselves from other gambling establishments in the country, including jackpot clubs and sports betting clubs. Under the old program, citizens could only have themselves banned from entering the Resorts World Sentosa and Marina Bay Sands casinos. More than 200,000 casino exclusion orders have been issued to date, of which around 153,000 are the self-exclusion variety. Currently, Singapore has 73…
Tribal gaming contributes $8B to California economy
Tribal gaming operations support 30,000 jobs in California, according to a new study of 2012 data commissioned by the California Nations Indian Gaming Association. The report arrives amid pending legislation to legalize online poker in California, a controversial issue within the state’s tribal community but one that has begun to garner support from existing casino operators. In addition to the 30,000 jobs supported by casinos and related amenities like hotels, non-gaming operations such as Indian-run spas and golf courses support an additional 8,200 jobs statewide, according to the report, which was conducted by Beacon Economics. From 2009 to 2010, tribal…
Wynn Macau casino opportunity dwarfs other locations
The Telegraph – Wynn Macau Ltd. reported first-quarter profit that beat analyst estimates as billionaire Steve Wynn’s casino drew more premium mass-market customers in the world’s largest gambling hub. The stock climbed. The company rose 4.1 percent to HK$31.80 (£2.436), the biggest gain since April 1, at the close in Hong Kong trading. The city’s benchmark Hang Seng Index rose 0.6 percent. Wynn Macau, which is building the $4 billion Wynn Palace resort to add to its sole casino in the city, has been reallocating gambling tables to serve the so-called premium mass gamblers who bet in cash. They provide…