Archive for December, 2015

Kentucky Judge Fines PokerStars $870 Million for 2006 to 2011 Gaming Operations

Kentucky Judge Fines PokerStars $870 Million for 2006 to 2011 Gaming Operations

Written by Steve Larson | Thursday, December 31st, 2015

A Kentucky circuit judge awarded his state a massive windfall at the expense of PokerStars this week. If the award is upheld in court and other US states took the same path, it could bankrupt the world’s number one poker site. Franklin County Circuit Judge Thomas Wingate awarded the State of Kentucky $870 million in […]

Nevada Gaming Control Board Is “Monitoring” Las Vegas Review-Journal Purchase

Nevada Gaming Control Board Is “Monitoring” Las Vegas Review-Journal Purchase

Written by Steve Larson | Wednesday, December 30th, 2015

The Nevada Gaming Control Board is monitoring the $140 million sale of the Las Vegas Review-Journal to the family of Sheldon Adelson. The Las Vegas Review-Journal has the largest circulation of any newspaper in Las Vegas, giving Adelson a key voice in the State of Nevada. When asked whether his regulatory agency was probing the […]

New Jersey Lawmakers Call Public Hearing to Discuss North Jersey Casino Proposals

New Jersey Lawmakers Call Public Hearing to Discuss North Jersey Casino Proposals

Written by Steve Larson | Tuesday, December 29th, 2015

A public hearing has been set for January 7 to hear arguments on behalf of two competing plans for a New Jersey casino expansion outside of Atlantic City. The competing bills are being discussed in the General Assembly and the State Senate, respectively. The main dispute is whether the licensing process should be opened to […]

Bernie Sanders Mocks GOP Candidates’ Reliance on Sheldon Adelson’s Money

Bernie Sanders Mocks GOP Candidates’ Reliance on Sheldon Adelson’s Money

Written by Steve Larson | Monday, December 28th, 2015

Democratic presidential candidate Bernie Sanders mocked Republicans for running to casino mogul Sheldon Adelson for donations on a campaign tour of Nevada today. While talking to a crowd of 2,000 people at a campaign rally, Sanders spoke of an “Adelson caucus“. The comments come on a 2-day tour of Nevada by Bernie Sanders, who is […]

Harry Reid’s REIT Passage Saves Las Vegas Casino Companies $1 Billion

Harry Reid’s REIT Passage Saves Las Vegas Casino Companies $1 Billion

Written by Steve Larson | Sunday, December 27th, 2015

Sen. Harry Reid is estimated to have saved American casino companies roughly $1 billion in taxes when he eliminated taxes based on real estate investment trusts, or REITs, in the recent government budget omnibus bill. Companies like Caesars Entertainment and MGM Resorts have used REITs to shift company assets from the parent company to subsidiaries in […]

Attorney General Lisa Madigan Bans Daily Fantasy Sports in Illinois

Attorney General Lisa Madigan Bans Daily Fantasy Sports in Illinois

Written by Steve Larson | Friday, December 25th, 2015

Illinois Attorney General Lisa Madigan has ruled that daily fantasy sports is illegal under the laws of her state. In an opinion released on Wednesday, Madigan wrote, “It is my opinion that daily fantasy sports contests constitute illegal gambling under Illinois law.” The decision is the latest hammerblow to the daily fantasy sports industry. The […]

Sen. Maria Sachs Wants to Create a Florida Department of Gaming

Sen. Maria Sachs Wants to Create a Florida Department of Gaming

Written by Steve Larson | Wednesday, December 23rd, 2015

State Senator Maria Sachs, a Democrat from Delray Beach has filed legislation which would create a Florida Department of Gaming. At the moment, three departments oversee gambling operations in the state, but Sen. Sachs believes the job would be done better by a single agency. When asked about the timing of her proposal, Maria Sachs […]

Georgia Lawmakers Are Considering Legalize Brick-and-Mortar Casinos for the HOPE Scholarship

Georgia Lawmakers Are Considering Legalize Brick-and-Mortar Casinos for the HOPE Scholarship

Written by Steve Larson | Tuesday, December 22nd, 2015

Georgia lawmakers are discussing casino gambling as a way to raise funds for the HOPE scholarship program, a merit-based program which helps high-achieving students attend college at a discount. At the moment, the HOPE program is funded the Georgia State Lottery, but declining participation in the state-level lotto games mean the HOPE fund is not […]

Woman Drives through Crowded Sidewalk on Vegas Strip, Killing One and Injuring 36 Others

Woman Drives through Crowded Sidewalk on Vegas Strip, Killing One and Injuring 36 Others

Written by Steve Larson | Monday, December 21st, 2015

A driver ran down pedestrians on a crowded sidewalk on the Las Vegas Strip, killing at least one person and injuring at least 36 others. Police said the vehicular homicide was an “intentional” act. Witnesses said the woman was driving down Las Vegas Boulevard near the Paris Las Vegas Hotel on Sunday night, when the […]

Desert Diamond Resort and Casino Opens at 1 PM on Sunday in Glendale, Arizona

Desert Diamond Resort and Casino Opens at 1 PM on Sunday in Glendale, Arizona

Written by Steve Larson | Sunday, December 20th, 2015

The Desert Diamond Resort and Casino opens on Sunday amid controversy. The Desert Diamond, which is owned and operated by the Tohono O’Odham tribe, is no stranger to controversy. The Tohono O’Odham tribe has been trying to build the casino since the early 2000s, a move which has been opposed by the nearby Salt River […]