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Boyd Gaming Gets Valley Forge Casino, and It’s About Time as Well Because Online Gambling Is Here!

December 25, 2017

The legislation to legalize online gambling is getting serious attention in just about every state in the United States, and therefore it seems only natural that big business sensing the growth within online gambling would hop on the market. Hence, it was no surprise when the news came in about Boyd Gaming and Valley Forge Casino. Why Is This Significant? Pennsylvania is the fourth state in the United States to officially recognize, allow and set guidelines on the principles for online gambling facilitators. This was one of the major factors playing into Boyd Gaming’s decision to purchase Valley Forge Casino… Read More

State Senate of New Jersey Decides Not to Reintroduce Casino Expansion Legislation

December 23, 2017

The president of the State Senate of New Jersey, Stephen Sweeney (a Democrat), has recently announced that the state legislature will not reintroduce a ballot that would allow more casinos in New Jersey. Background to the Politics of Casinos Currently, the only casinos allowed to operate in New Jersey are limited to Atlantic City. In November 2016, a constitutional amendment was proposed to permit casino gambling in two additional counties of New Jersey, both of which are more than 72 miles from Atlantic City. However, this ballot was served a resounding defeat, with over 77 percent of voters opposed to… Read More

Bidding for Pennsylvania Satellite Casino to Begin Next Month

December 18, 2017

According to state lawmakers, bidding wars for 10 Pennsylvania satellite casinos are to begin next month. The announcement which was made by the Pennsylvania Gaming Control Board (PGCB) indicated that the first rounds of auctions will occur on January 10th at the agency’s offices in the Harrisburg capital. In addition to the Category 4 casino licenses that will be up for grabs on the 10th of January, there are nine more auction dates slated in the following periods with one satellite casino permit being put up for grabs at each of the meetings. Still, the January 10th event is going… Read More

Detroit Casinos’ Revenues Go Up in November

December 15, 2017

In a recent announcement made by the Michigan Gaming Control Board, the revenue of three Detroit casinos in November accrued some considerable year-on-year gains. The gross revenue of MGM Grand Detroit, Greektown Casino-Hotel, and MotorCity Casino Hotel has gone up 0.4 percent to $113.1 million in November. Similarly, when summed up, the revenues of all the three Detroit casinos went up by 1.4 percent year on year. Of all the three, MotorCity had the second largest market share in November after seeing a revenue bump of 2.7 percent that took it up to $38.2 million. MotorCity was followed closely by… Read More