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.
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Casinos & Gaming
Las Vegas-based MGM Resorts International is asking Massachusetts gambling regulators to slow the process of collecting required state fees for a casino license in the state’s western region as it seeks to open an $800 million casino in downtown Springfield.
MGM Resorts International and the Hakkasan Group on Tuesday announced formation of a joint venture hotel management company called MGM Hakkasan Hospitality that will design, develop and manage luxury nongaming hotels worldwide under four brands.
A New Jersey casino is reimbursing players in a poker tournament that was suspended after counterfeit chips were discovered. More than 2,100 entrants will get $560 from the Borgata Hotel Casino & Spa, and some of the top players will get $19,323 each.
Golden Gaming’s PT’s and Sierra Gold taverns are announcing a marketing agreement with the Hard Rock, where customers of the Southern Nevada locations can use their loyalty points for deals. The partnership is the first of its kind between a traditional tavern operator and a hotel-casino property.
New Jersey casinos brought in 15 percent more from online gambling in March over the previous month, but it wasn’t nearly enough to offset the diminishing revenue from Atlantic City’s long-struggling brick-and-mortar casinos.
Caesars Entertainment Corp. and the New York Mets extended their marketing and promotional agreement through 2018, which gives the casino company a presence at Citi Field, the Major League Baseball team’s home park.
The ink was hardly dry on lottery giant Scientific Games Corp.’s $1.5 billion buyout of slot machine manufacturer WMS Industries when the corporate management team was shaken up with a new CEO and chairman in November. An even larger transition could come later this year.
Harsh winter weatheres kept casino patrons at home in several states where companies such as Penn National Gaming, Isle of Capri Casinos, Pinnacle Entertainment and Boyd Gaming Corp. derive the bulk of their quarterly revenue.
Professional poker standout Phil Ivey has been sued in federal court by the Borgata in Atlantic City, which claimed the $9.6 million he won at the casino in 2012 was earned through cheating at high-stakes mini-baccarat.