Latest Gambling industry News

Pritzker says tax increases worth it for construction plan

May. 22, 2019 7:55 PM EDT

SPRINGFIELD, Ill. (AP) — Gov. J.B. Pritzker said Wednesday he is confident that Illinois residents will swallow $1.8 billion in new and increased taxes to pay for a massive state construction program , while a key Republican said some of the taxes aren't acceptable and lawmakers may have to seek revenue...

Lawmaker: Lottery bill 'dead' for session

May. 22, 2019 7:47 PM EDT

MONTGOMERY, Ala. (AP) — A lottery bill is defunct for the legislative session, a key lawmaker said Wednesday. "It's dead for this session. It won't be coming back this session," said Republican Rep. Steve Clouse, who was shepherding the bill in the House of Representatives. The bill hit a politically fatal...

The first Boston area resort casino set to open next month

May. 22, 2019 5:02 PM EDT

BOSTON (AP) — The first Boston area casino is set to open next month. Wynn Resorts said Wednesday its Encore Boston Harbor casino will open June 23. The $2.6 billion casino is located in Everett. The resort style casino including dining, shopping and a hotel is the second to open in Massachusetts since...

Atlantic City casino earnings way down amid more competition

May. 22, 2019 3:30 PM EDT

ATLANTIC CITY, N.J. (AP) — More casinos have meant less profit in Atlantic City since two gambling halls reopened last summer. Figures released Wednesday by the New Jersey Division of Gaming Enforcement show the nine casinos saw their gross operating profit decline by nearly 30% in the first quarter of...

Hoosier Lottery could see record revenue in fiscal year 2019

May. 22, 2019 3:23 PM EDT

INDIANAPOLIS (AP) — The private company that runs most of the Hoosier Lottery's operations says the state lottery could rake in record revenue this year, thanks in part to big lottery jackpots. IGT Indiana presented a financial report to the Hoosier Lottery Commission on Tuesday which shows that by late...

Borgata casino unveils $12M sports bet, nightspot project

May. 22, 2019 10:06 AM EDT

ATLANTIC CITY, N.J. (AP) — Atlantic City's Borgata casino is investing $12 million in a new sports betting and entertainment project. Casino officials tell The Associated Press it will open a sports bar and sports betting facility named Moneyline Bar & Book on June 29. The name is a reference to the...

MGM discontinues talks with Wynn on Encore Boston purchase

May. 21, 2019 10:35 PM EDT

BOSTON (AP) — MGM Resorts International says it will no longer pursue buying Encore Boston Harbor from Wynn Resorts. MGM said Tuesday that stakeholders have concerns. It owns a casino in Springfield and wouldn't have been allowed to operate two in Massachusetts. Wynn Resorts says it agreed to end...

Lottery bill stalls in Alabama House, fails procedural vote

May. 21, 2019 9:51 PM EDT

MONTGOMERY, Ala. (AP) — Lottery legislation is facing an uncertain fate in a divided House of Representatives after running into opposition on Tuesday night from a mix of Republicans and Democrats. Supporters were one vote short of the number required to bring the bill up for debate Tuesday night. Rep....

Louisiana's sports betting legalization effort edges ahead

May. 21, 2019 4:47 PM EDT

BATON ROUGE, La. (AP) — A proposal to legalize sports betting in Louisiana edged forward in the Legislature, winning the backing Tuesday of a committee packed with several anti-gambling lawmakers who unsuccessfully sought to derail the measure. The Senate-supported legalization bill won passage from the...

Waterloo moves ahead with planning for proposed marina

May. 21, 2019 8:13 AM EDT

WATERLOO, Iowa (AP) — Waterloo officials are moving ahead with plans for a downtown marina along the Cedar River. The Waterloo-Cedar Falls Courier reports the City Council voted unanimously Monday to approve a $127,500 contract with a company that will develop plans for the proposed marina on the west bank...