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Rivalry Intense For Philly's 2nd Casino License

January 26, 2014

Miss. casino revenue falls in December and year

You're talking about great operators," said Ken Goldenberg , a real estate developer whose Market8 proposal has won praise from city officials. Philadelphia has waited a long time for its second casino after state regulators pulled the plug on the failed Foxwoods project in 2010. Boosters say it could mean tens of millions of dollars in new tax revenue for state and local coffers and thousands of new construction and permanent jobs. Casino opponents are also making their voices heard, saying another gambling hall will lead to more addiction and crime.
For the original version including any supplementary images or video, visit http://www.sfgate.com/news/article/Rivalry-intense-for-Philly-s-2nd-casino-license-5176632.php

Casino money at heart of Detroit's dilemmas

Jobs are down by 15,000 since 2000. Those job cuts continue. For example, Tunica's Gold Strike Casino, owned by MGM Resorts International, told the Mississippi Department of Employment Security in December that it laid off 33 employees as of Jan. 14. At the end of the summer of 2013, Gold Strike reported 1,326 casino and hotel employees, down from 1,852 at the same point in 2007.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/miss-casino-revenue-falls-december-194801907.html

Casino revenue down first six months of the year

email Its had an impact, no doubt. Still, COGFA thinks the data isnt yet definitive. Both admissions and adjusted gross receipts are down for casinos halfway through the states fiscal year. There were some similar trends even prior to the video gaming, Muschinske said. Its one of those things where you just cant give a finite number what impact would be, but its starting to look like there is at least some (impact). Page 2 of 2 - Casino revenues also are down in both Missouri and Indiana. Indiana blames the drop on increased out-of-state competition and the lingering effects of the recession.
For the original version including any supplementary images or video, visit http://www.sj-r.com/article/20140125/NEWS/140129557/10511/NEWS

A Thursday, Jan. 23, 2014 photo shows the the parking lot developer Ken Goldenberg hopes to transform into Philadelphia PAIN TO GO AROUND One message from Rhodes' ruling is that all creditors have to lower their expectations, said Richard Ciccarone, president and CEO of Merritt Research Services, a provider of municipal bond credit information. "(The judge) wants everybody to feel the pain. Nobody is getting special treatment," he said. James Spiotto, a municipal bankruptcy expert at law firm Chapman and Cutler, said Rhodes rejection of the deal may benefit Detroit in the long term. "It will motivate people that the emergency manager is negotiating with to rethink their positions," he said. Rhodes' ruling Thursday also introduced new questions about whether Detroit can count on casino money to fix its problems.
For the original version including any supplementary images or video, visit http://www.abs-cbnnews.com/business/01/24/14/casino-money-heart-detroits-dilemmas

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