Category: Land Based Gaming and Casinos
New luxury casino to open in Bahamas in 2014
New York Times – Baha Mar, a $3.5 billion luxury resort, is scheduled to open in December 2014 on the island of Nassau in the Bahamas. The ambitious project is on a 1,000-acre property set along 3,000 feet of beach that will have four hotel brands in separate towers for a total of 2,200 rooms: the Baha Mar Casino & Hotel, Rosewood at Baha Mar, Mondrian at Baha Mar and Grand Hyatt at Baha Mar. There will also be a 100,000-square-foot casino; an ESPA-branded 30,000-square-foot spa; 32 restaurants, bars and clubs; a Jack Nicklaus golf course; 14 pools; a water…
Nevada Gaming Control Board & Jackpot Increases
Players of progressive slot machines may see jackpot increases in the future thanks to some companies’ desire to compete with large lottery payouts in other states. The three-member Nevada Gaming Control Board conducted a workshop Wednesday on a petition by IGT and Bally Technology to change regulations that aim at get more players to spend their money on the progressive machines. The proposed amended regulation for these jackpot increases would allow a Nevada company with a network of progressive machines to tie the Nevada progressive machines into the slots owned by the company in other states where gambling is legal. If…
Casino abandoned after Hurricane Katrina to rise again
Sun Herald – Island View Casino owners are ready to refurbish the hotel tower south of U.S. 90 after signing a 50-year lease Thursday with the Mississippi state Port Authority. “We’re starting demolition (of the interior) within the next week or so,” said Rick Carter, who owns the casino resort with childhood friend Terry Green. “It’s going to be phenomenal.” The agreement begins with a 10-year lease and has multiple extensions. Carter said 35 years remained on the lease assumed when he and Green bought the former Grand Casino from Harrah’s Entertainment after Hurricane Katrina. That lease was for a…
9 arrested for illegal horse racing near Houston
KTRK ABC – Nine people were arrested Saturday, including six licensed peace officers, following an 11-month investigation into a suspected illegal horse racing track in Crosby, according to the Harris County District Attorney’s Office. The nine defendants have been charged with racing without a license. According to investigators, the group was operating an illegal horse racing and gambling business at Rancho El Herradero on Sralla Road. The six officers were allegedly providing security at the facility. Multiple undercover surveillance operations took place during the lengthy investigation, according to the DA’s office. “Peace officers take an oath to uphold the law,”…
Gambling group Rank revenue falls
Reuters – Gambling firm Rank Group warned its first half profit will be lower than last year, dragging down its full-year expectations after revenues fell during the summer and a disappointing performance at its bingo chain Mecca. Rank, majority-owned by Malaysia’s Guoco Group, said it will be taking action to cut costs after like-for-like revenues fell 7 percent in the 15 weeks to October 13. “The board anticipates operating profit for the full year to be marginally below market expectations,” Rank said in a trading statement, forecasting a stronger second half to its financial year. SOURCE
Taiwan Could Allow Taipei Casinos
Taiwan government minister has hinted the authorities there might back gaming near the capital, permitting Taipei casinos. But it’s not clear whether such a venue or venues would be for foreigners only. Previously the official government policy has been to develop casinos open to all, but only in outlying island chains to discourage Taiwanese from gambling to excess. According to a Taiwan news report, Ye Kuang-shih, Taiwan’s Transportation Minister, said in the island’s Legislative Yuan on Monday that a special economic zone already set up at Taoyuan International Airport on the southwest outskirts of Taipei might be more “practical” and…

















