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Tag Archives: gaming

Reno-based Eldorado selling casinos in Mississippi, Missouri

Casino company Eldorado Resorts Inc. says it is selling two of its 26 properties and will use the proceeds to help it buy Caesars Entertainment Corp. Reno-based Eldorado announced Thursday that Rhode Island-based Twin River Worldwide Holdings Inc. will buy the Lady Luck Casino in Vicksburg, Mississippi, and the Isle of Capri property in Kansas City, Missouri, for a combined ...

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Panel: 90% of US sport bets could be online in 5 to 10 years

ATLANTIC CITY, N.J. • Some gambling and technology executives say 90% of sports betting in the United States will be done over mobile phones or the internet in the next five to 10 years. Speaking this week at the East Coast Gaming Congress in Atlantic City, the leaders say rapid advances in technology are pushing sports betting further online. Since ...

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Mississippi hires experienced executive for its new lottery

The Mississippi Lottery Corporation announced Wednesday that it is hiring an experienced executive as its first president. Thomas N. “Tom” Shaheen, 66, begins June 1 and will oversee operations as Mississippi prepares to join most other states in offering scratch-off tickets and other games of chance. In an interview with The Associated Press on Tuesday in Jackson, Shaheen said Mississippi ...

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Mississippi casinos win more as sports betting boost extends

Casinos on the Mississippi Gulf Coast won the second-highest monthly amount ever in March, boosted by betting on the NCAA basketball tournament. Although casinos in other parts of Mississippi remain beset by increasing competition, they too have been showing strength since the advent of sports betting. Figures released this month show gamblers lost $212 million in March, up 5% from ...

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Third casino in Mississippi’s Tunica County to close

A casino company announced Tuesday that it’s closing a gambling hall in Mississippi’s Tunica County, the third casino to close in the area since 2014 in the face of increasing competition and declining revenues. Penn National Gaming announced that it would close the Resorts Casino Tunica on June 30, leaving a six casinos in a county that boomed on gambling ...

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Mississippi lottery board adopts rules on ethics and records

The governing board for the upcoming Mississippi Lottery is setting rules for ethics and public records. It is also taking steps to hire bankers to provide financial services and a person to run day-to-day operations. Mississippi is one of the last states to create a lottery after legislators voted to do so in August, partly as a way to provide ...

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Mississippi River flooding shuts down Tunica County casino

A north Mississippi casino is closed because Mississippi River flooding is partially covering its access road. Local media report the Fitz Casino in Tunica County closed Sunday at the behest of county emergency managers. The casino says on its Facebook page that there’s no flooding in its parking lot or casino. The county’s other six casinos remain open. County Emergency ...

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Cure Land Company intends to build new casino in Hancock County

Cure Land Company wants to build a casino with a hotel on the beach in Lakeshore, according to the legal notice of intent to apply for a gaming license dated March 1 and published in today’s Sea Coast Echo. The company plans to develop the casino and hotel on 98.5 acres on South Beach Boulevard. The proposed project includes 40,000 ...

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Mississippi regulators approve site for 13th casino

The Mississippi Gaming Commission has approved the site for another casino along the Gulf Coast. News outlets reported regulators voted unanimously Wednesday to approve a location in Long Beach for its first casino. The regulators met in Long Beach in November and delayed action to give them more time to study the plan. Developer James Parrish and his investors must ...

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Sports betting will be no home run for state budgets

The race to legalize sports betting is on now that the U.S. Supreme Court has allowed it in all 50 states, but will it provide enough extra tax revenue to make much of a difference for schools, roads or pension debt? Don’t bet on it. Just look to the states that capitalized immediately after the court’s ruling last spring and ...

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