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…

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…

CNBC – Las Vegas is easily America’s city that is most synonymous with recreational risk-taking. Atlantic City, especially for those on the East Coast, has also long been known as a place to take a chance on blackjack or drop coins in a slot machine. But in truth, the United States is dotted with gambling havens from coast to coast. With tax rates up to 40 percent, these businesses can generate hundreds of millions in state revenues. We decided to look at the states with the most revenue from commercial gambling in 2012. Some of the 13 states that made…

The Australian – Sri Lanka has refused to allow casinos at three super-luxury resorts planned in the capital after opponents said they would lead to prostitution, an official says. It was not immediately known whether the casino ban would endanger the development of the three mega-resorts in Colombo, which have attracted investment worth $US1.3 billion ($1.4bn) from tycoons including Australian gambling mogul James Packer, who runs plush casinos in Melbourne, Perth, Macau and London. Developers, including Packer, wanted casinos to be part of all three luxury resorts, but the government rejected the plans, Economic Development Minister Basil Rajapakse said on…

Penn National Gaming, which owns M Resort, is again looking at the Strip for possible expansion opportunities. During a conference call Thursday with analysts to discuss the casino operator’s first quarter earnings, Penn National CEO Tim Wilmott was asked about reports that Australian casino company Crown International was interested in buying the Cosmopolitan of Las Vegas for $2 billion. Wilmott said he thought the figure “sounded high.” If Penn were to get into the bidding for the Strip resort, which owner Deutsche Bank reportedly wants to sell, it would probably be with a partner. Wilmott added that Penn is “not…

Las Vegas Review Journal – Like much of Nevada, the casino industry is grappling with issues surrounding medical marijuana. So much so that gaming companies and regulators have had little to say publicly about doctor-prescribed pot. Medical marijuana has been legal in Nevada since 2000, but it took state lawmakers 14 years to allow dispensaries to operate. Now, with a state law in place calling for up to 66 potential medical marijuana outlets throughout Nevada, the issue is finding its way into gaming headquarters. No one has suggested Nevada casinos offer medical marijuana dispensaries as part of their retail amenities….