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gaming casino news
Michigan casino campaigns face difficult challenge
21.05.12
LANSING, Mich. (AP) — Eight years ago, Michigan casino owners spent nearly $20 million to support a ballot campaign that makes it far more difficult for their competition to set up shop in the state.
It's been an effective strategy.
Since voters approved the 2004 constitutional amendment requiring most types of gambling expansion to be approved by statewide and local votes, only a few casinos owned by Native American tribes — exempt from the state law — have managed to open in Michigan. No gambling venture has mustered enough momentum or money to even make the statewide ballot and ask voter approval for their projects.
Two competing casino development campaigns hope that changes this year as they seek approval for a total of 15 new casinos across the state.
Campaign organizers note that winning statewide voter approval for casinos is not unprecedented. Michigan voters did just that in 1996, authorizing the three Detroit casinos that today form one of the nation's biggest casino markets.
Source: MLive.com
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Now it's Quinn's move on casino
Chicago Tribune - Jun 01, 2011
Pat Quinn, who had warned that he wouldn't support a "top-heavy" gambling bill, said late Tuesday that he would consider signing this one — the most dramatic surge in gambling since casinos first came to Illinois. Video poker machines, slots and card
The best bets for casino stocks
Globe and Mail - May 31, 2011
I screened casino and gaming stocks to see what TheStreet Ratings' quantitative model favors. Of the six companies licensed to operate casinos in Macau, three are major Las-Vegas based casino companies: Las Vegas Sands LVS-N, Wynn Resorts WYNN-Q and
Monopoly lost: Atlantic City's rise and fall
San Francisco Chronicle - May 31, 2011
Then, disaster struck the nation's second-largest gambling market. A perfect storm of competition right on its doorstep in Pennsylvania, New York and Delaware, coupled with the recession, pummeled Atlantic City worse than any other casino market.
Buffalo Creek Development Fund Created
Buffalo Rising - May 31, 2011
Chair Karen Karsten today announced allocation of $1 million to boost infrastructure, landscaping, lighting and other amenities in neighborhoods around downtown's Seneca Buffalo Creek Casino. The funding, from Seneca Gaming, directly results from a
SOURCE: Caribbean Casino and Gaming Corp.
Marketwire (press release) - May 31, 2011
MIAMI, FL--(Marketwire - May 31, 2011) - Caribbean Casino and Gaming Corp. ( PINKSHEETS : CGAQ). The Puerto Plata Slot Parlor is open and has already started to make a profit. The slot parlor had a great start bringing in profit the first day and has