According to a $120,000 study released August 13th by the Union Gaming Analytics for the Illinois Gaming Board none of the five potential casino sites in Chicago is “financially feasible” because of the city’s tax and fee structure. Pritzker’s gaming expansion bill, in danger to not produce effects In […]
Casino News
Iowa casino fined for underage gambling violation a second time in 2019
An Iowa casino has been fined for the second time for allowing an underage person to drink and gamble on site. Prairie Meadows Racetrack and Casino in Altoona has been fined $20,000 after a 19-year-old man was allowed onto the gambling floor and was served alcohol without requiring identification. He […]
Caesars gives up building a casino to enter the Japanese gambling market
According to Bloomberg, Caesars Entertainment Corp. will not pursue a license for a casino in Japan, choosing instead to stick with their current business plan and focus on next year’s upcoming $17.3 billion merger with Eldorado Resorts Inc. The company recently released a statement in Japan saying it will no […]
Tax earnings from slot machines keep property taxes low in Pennsylvania
Pennsylvania’s gambling scene brought in almost $1.4 billion in tax last year, but slot revenues continue to decline. Slots made up for 71.9% of the revenue. It is thought that changes to gambling laws may continue to affect this number in the years to come. The machines have, in […]
Connecticut reports 13 consecutive months of declining revenue for slot games
Connecticut’s tribal casinos have revealed another month of slot revenue in July, making up 13 months of losses. Mohegan Gaming & Entertainment (MGE) which owns Mohegan Sun and Foxwoods Resort Casino, operated by the Mashantucket Pequot Tribal Nation, have both reported declines in the millions. MGE was down 15.1% […]