California Chrome became the 140th winner of the Kentucky Derby at Churchill Downs on Saturday, winning by 1 3/4 lengths as Commanding Curve made a late push. The thoroughbred became the second favorite in a row to win the Derby, and will go for the second leg of the Triple
The Michigan Senate last week passed a charitable gambling bill pertaining to the charity events known as "millionaire parties". In a rare unanimous vote, the Michigan State Senate issued a challenge to governor Rick Snyder, who had proposed his own charitable gambling legislation. A millionaires club is a casino-style gaming
The Associated Press reports that only about 42% to 46% of all credit card transactions attempted by New Jersey's online gamblers are being accepted. The AP was given the figures by CAMS LLC, a company used by the state to route electronic payments. "Single Biggest Thing That's Holding It Back"
Members of a Russian organized crime operation which hosted high-stakes poker games for celebrities and CEOs were sentenced this week in a New York federal court. On Thursday, U.S. District Judge Jesse Furman sentenced 53-year-old Adam Trincher to 5 years of prison. Trincher sobbed as he apologized to the court
Las Vegas based slot machine manufacturer IGT announced that its 2nd Quarter profits fell by 67%, due to declining sales of its gaming machines. News of the announcement caused shares to fall $1.45, a decline of 10%, down to $12.62. The profit decline forced the company to announce lay-offs, with
According to several news sources, the Seminole Tribe of Florida is nearing a completed deal on a new gaming compact with Florida Governor Rick Scott. A source close to the negotiations says a special session in May might be called for the legislature to consider a new compact with the
Caesars Entertainment submitted an application with the New York State Gaming Commission for one of the four available licenses to operate a land-based casino in the state. If approved, Caesars appears ready to build a casino in Woodbury, Orange County. The development would be under the control of David Flaum.
The World Poker Tour's 2014 Championship Event is taking lace in Atlantic City this year, marking the first time in 12 years it has not taken place at the Bellagio in Las Vegas. The event this year will be held in the Borgata Hotel Casino & Spa in New Jersey.
New Jersey regulators have fined two Atlantic City casinos more than $107,000 for a series of violations. The two casinos being fined are Harrah's Resort Atlantic City and Revel Casino Hotel. The various procedure violations were unrelated from one another, and each involved what appears to be one-time incidents. Harrah's
Fourteen years after the State of Nevada passed a law legalizing medical marijuana, state lawmakers recently passed a bill which would allow up to 66 medical marijuana outlets in the state. Though no one has suggested casinos become one of these outlets, the gaming resorts must now craft policies on
Harrah's Casino in Tunica, Mississippi will be closing on June 2, costing the local economy 1,300 jobs. The casino's fate was used as an example of the overall decline of the American gambling industry in a recent Bloomberg Business article. The Tunica casino complex features everything a resort would want,
An Indiana mayor and his wife have been indicted for allegedly gambling with money earmarked for the needy. Keith Soderquist, the mayor of Lake Station, Indiana, is accused by federal prosecutors of using public funds due to his problem gambling habits. What makes the case more notable is the fact
