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Casino News

Boyd Gaming to Buy Peninsula Gaming for $1.45 billion

Boyd Gaming Corp. has announced that it will be purchasing Peninsula Gaming LLC for $1.45 billion.

The deal will give Boyd Gaming one Kansas casino, as well as two Louisiana casinos and two Iowa casinos, giving Boyd a larger presence in two of the largest growing gaming areas in the country.

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Indiana Live! Changes its Name to Indiana Grand Casino

Indiana Live! changed its name to Indiana Grand Casino late last week. The new name is just the start of other changes that will be happening at the property.

The central Indiana casino is currently facing some financial and legal issues, and the property may even be sold within the next few months.

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Revel Casino in Atlantic City Generates $13.4 in Casino Revenue For April

The $2.4 million Revel casino resort in Atlantic City brought in $13.4 million in gambling revenue in April, a figure much lower than many had predicted for the megaresort.

Based on the casino's performance in April, Revel will be ranked near the bottom of Atlantic City's 12 casinos.

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March Gaming Revenues in Las Vegas Decline 10.8% From Previous Year

In March, gambling revenues in Nevada casinos totaled $854.5 million, 10.8% decline from March of last year.

Las Vegas casinos on the Strip were hit rather hard, with a 14.9% drop in revenue when compared with the same month last year. This was the Strip casinos' largest decline in revenue since April 2009.

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Hollywood Casino Toledo Gets its Gaming License Approved

Over two years after Ohio voters agreed to allow Vegas-style gaming, the Hollywood Casino Toledo has finally had its license approved.

The Ohio Casino Control Commission voted unanimously to give Penn National Gaming, Inc. the license. It was the second license given out in the state and the company paid a $50 million one-time state license fee.

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Horseshoe Casino Cleveland Opens to the Public

Ohio's first casino opened Monday night with a flashy music video opening and Vegas-style showgirls. The video, which was used in lieu of a traditional ribbon-cutting, showed images from the city's history as well as some of its sports teams and local landmarks.

The Horseshoe Casino Cleveland opened to the public at 9:30 p.m. on Monday, but hundreds of people were lined up outside as early as 5:30 p.m. VIP guests and winners of an early-admission online sweepstakes were allowed inside early to test out the slots and roulette wheels.

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Harrah’s Maryland Heights Casino to be Sold to Penn National Gaming

Harrah’s Maryland Heights Casino, the second busiest casino in the St. Louis region, is about to get a new owner.

Penn National Gaming recently announced that they are planning to buy the property from Caesars Entertainment for $610 million. The deal should be complete by then end of the year.

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Connecticut Agrees to Lower Taxes on Free Slot Play For State's Casinos

Indian tribes in Connecticut have struck an agreement with Governor Dannel P. Malloy to limit the taxes their casinos will have to pay on free slots promotions. They are hoping this will help Connecticut casinos compete with those in neighboring state.

Lower taxes will allow casinos like Mohegan Sun Casino and Foxwoods Resort Casino to send out more free play offers, which will give them the opportunity to bring in more gamblers.

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City of Biloxi Issues Report on Impact of Gambling Since Its Legalization 20 Years Ago

This week, the city of Biloxi issued a report on the impact of gambling on the city. According to the report, the city's casino market has generated $1.7 billion in state and local taxes since gambling was legalized to allow Mississippi casinos 20 years ago.

The industry is also responsible for $340 million in improvements in public parks, public safety and streets.

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Palms Casino in Vegas Opens New Sports Book and Poker Room

The Palms in Las Vegas opened its new sports book and poker room last week.

The updates are part of the casino's $100 million makeover and the poker room and sports book were the first new feature to be unveiled.

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