The Weekly Gaming Business Wrap -- 10/20/12

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

Louisiana Casinos Bring In $199.7 Million In September

Louisiana casino patrons lost $199.7 million in September, an increase over the $196.6 million a year prior and the $188 million in August. The boost in casino revenue is largely attributed to the opening of the brand new L’Auberge casino in Baton Rouge. Louisiana gaming is varied, taking place on riverboats, land-based properties and horse tracks.

Reno Casino Seeks Approval To Emerge From Bankruptcy

The owner of the Silver Legacy Resort Casino in Reno will appear in court next week for approval of an agreement made with Wells Fargo to settle its $142.8 million debt. The deal, favored by creditors, will allow the casino to emerge from five months of bankruptcy protection.

Massachusetts Begins Casino Application Process

On Friday, the Massachusetts Gaming Commission launched phase 1 applications for developers seeking a gaming license for a destination resort casino. Applications are due in 90 days and must be accompanied with a application $400,000 fee. If approved, applicants will then be able to move on to phase 2 and bid for a regional casino contract.

Affinity Gaming Earns Three Casino Licenses For Colorado

Las Vegas-based Affinity Gaming LLC has received three Colorado gaming licenses to operate casinos in Black Hawk. The Golden Mardi Gras Casion, Golden Gates Casino and Golden Gulch Casino have been purchased by the company from Golden Gaming Inc. for an undisclosed price.

Oregon Casino Supporters Drop Campaign

Two measures on this November’s Oregon ballot that would bring privatized casinos to the state aren’t getting the support from the voters that supporters would like. As a result, two Canadian companies that were hoping for a victory this election season have now abandoned their campaign, not wishing to throw good money after bad and add to their $5 million expenses.

New Hampshire To Get Pro-Gambling Governor This Election

Both candidates for the New Hampshire governor’s seat will be pro casino expansion, but that won’t ensure that a new property is built in Salem. Both Republican Ovide Lamontagne and Democrat Maggie Hassan have favored casino business in the past, but getting any momentum to move gaming bills past the House has been near impossible in the past.

Related Articles

A Look At News From Around The Web

A Look At News From Around The Web

A Look At News From Around The Web

Most Viewed Articles