Union Gaming Analytics has estimated that plans to install slots at two Chicago airports could bring in as much as $37 million each year, in spite of a 72% tax rate. The organization’s 50-page document on the prospects of a city gambling house stated that installing 500 slot machines […]
Casino News
Oyo, India’s biggest hotel chain, bought Hooters Casino Hotel in Las Vegas
Oyo was founded in 2013 by Indian entrepreneur Ritesh Agarwal, and added its first UK properties last year. It has continued to spread all over the globe ever since, and its UK portfolio grew to over 85 hotels in 25 different locations in less than a year. Oyo doesn’t seem […]
New Hard Rock Casino in Gary, IN, a response to the projected Chicago mega-casino
After Indiana updated state law in May to allow an inland casino in Gary, recent news shows our neighbors are one step closer to the completion of their casino dreams. Hard Rock Casino Gary will open in two phases, starting December 31st, 2020, after recently partnering with Spectacle. The new […]
A casino in Chicago, not “financially feasible”, according to a recent study
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 […]
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% […]