The Weekly Gaming Business Wrap -- 9/29/12

Here’s a look at the headlines for this week in the gaming business world.

Urbandale Casino Bid Is Withdrawn

A casino company in Iowa has withdrawn their plan for a $150 million casino resort just a few days after details of the project were announced. Fair Grounds LLC.’s project was immediately met with resistance by Des Moines city officials, though there was no confirmation that the outcry had anything to do with the cancellation of the project.

Despite Layoffs, Mohegan Sun Eyes Palmer Casino

A total of 282 people were among the layoffs at the Mohegan Sun Casino Resort this week, but that won’t stop the tribe from continuing their plan to build a $600 million resort in Palmer, Massachusetts. The Connecticut property currently has 6,400 full-time employees, but expects more layoffs in the coming months.

Casino Offers Refunds For Packers-Seahawks Bets

On Wednesday, The D Las Vegas announced that it would issue refunds for anyone who lost on Monday Night Football in a game decided unfairly by the replacement officials between the Green Bay Packers and Seattle Seahawks. The downtown casino property did not report how much money they have refunded so far.

Davenport Severs Ties With Casino Developer

The city of Davenport has agreed to pay $99,000 to sever ties with a casino developer who had the exclusive rights to build a land-based property in the city. Davenport officials, working with the Iowa Racing and Gaming Commission, can now speak with other interested gaming companies about filling the void.

Las Vegas’ First Hotel Casino Gets A Makeover

The Golden Gate Casino in downtown Las Vegas has finished its first renovation in 50 years. The city’s oldest operating hotel first opened in 1906 and now pays homage to the early days with vintage items from the past adorning its walls. The $15 million renovation upgraded the gaming space and hotel rooms and restored the casino’s exterior to reflect the original facade.

New Jersey Casino Expansion Is Opposed

A poll conducted by Fairleigh Dickinson University suggests that 56 percent of New Jersey residents are against allowing casino expansion to other parts of the state, preferring that gaming be limited to Atlantic City. Only 35 percent of the 901 voters polled believed the state should allow casinos in other cities.

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