Caesars shares soared as much as 14% in strong volume Wednesday after it said in a regulatory filing it’s moving ahead with plans to split the company in two. Caesars, the biggest owner of casinos in the U.S., will offer as much as $1.18 billion in stock to fund its emerging online gambling business. The company will distribute rights to shareholders to buy as many as 125.4 million shares of newly formed Caesars Acquisition Co. at $9.43 each. Caesars Entertainment and Caesars Acquisition are forming Caesars Growth Partners, a venture investing firm for online gambling and some casinos. Now, Caesars…

From The Times of India Veteran actor and housing minister Ambareesh, was recently felicitated by Mysore Race Club, at an event which was recently held at Mysore. He was felicitated along with ministers V Sreenivas Prasad and H S Mahadevapa. After receiving felicitation, Rebel Star Ambareesh said, “I have named one of my horses as My Ambition. The name was kept after my dream of watching Wimbledon and owning a horse was full filled,” he said. The actor also had a piece of advice for those people who think racing as gambling. “Race should be treated as a sport, which…

The country’s first strip-club-in-a-casino will open in August. Scores, the New York-based franchise, will open its $25 million entertainment complex in the Trump Taj Mahal in August, according to a company spokeswoman. The site was about two years in the making and will be 36,000 square feet of adult entertainment, the company said in a release. Scores will be located on the second floor of the Trump casino, in a space that was formerly occupied by three restaurants. There will be eight distinct areas – including a main showcase area, a sports bar, a nightclub, a lounge, a cabaret and…

Duluth’s only casino opened its games to younger customers this week. Fond-du-Luth Casino dropped its minimum age for gambling from 21 to 18. “The primary reason for the change of policy is to be consistent with our sister property, Black Bear Casino, where the minimum age has always been 18,” said Maurice Ojibway, Fond-du-Luth’s general manager. Both Black Bear and Fond-du-Luth are run by the Fond du Lac Band of Lake Superior Chippewa. Ojibway noted that most casinos in the state welcome gamblers as young as 18. The Minnesota State Lottery sells tickets to people 18 and older, as well….

From Huffington Post. – Most people still think of the U.S. gambling industry as anchored in Las Vegas. They might think of vestiges of the mob, or the town’s ill-advised flirtation with family-friendly branding in the 1990s. But they would be wrong. The center of the gambling world has shifted 16 time zones away to a tiny spit of land on the southern tip of East Asia. An hour’s ferry ride from Hong Kong and an afternoon flight from half the world’s population, Macau is the only place in China where casino gambling is legal. Each month, 2.5 million tourists…

From Naples News Florida doesn’t need international casino operators building $2 billion waterfront entertainment meccas in Southeast Florida or a Native American group opening venues along the Interstate 10 corridor to be considered a “major gambling state.” With Indian casinos, pari-mutuel facilities, day-cruise and cruise vessels and one of the largest state lotteries, Florida already is one of the nation’s top spots for gamblers. But a 307-page state-commissioned study released this week also showed that while the opportunity to play games of chance has grown, the money spent at casinos and card rooms hasn’t resulted in vast job creation outside…