Illinois Pushes for an Expanded Regime in Gambling
Amid the substantial advancement made towards a clear agreement by stakeholders, Pat Quinn, Illinois Governor, together with the majority group of lawmakers and industry associations, are exploring a separate set of measures to support moves for an expanded regime in the gambling industry, while sticking with the current exclusion of slots in horse racing tracks.
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Macau Casino Business Ends 2011 on a High Note
Industry pundits and observers agree that 2011 was a banner year for Macau’s casino business with the aggregate revenue posting an impressive 40 percent growth from the previous year. This bodes well for stakeholders as it is a strong sign that the enclave’s gambling industry has clearly built enough momentum to carry them through this year.
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LA Casino Company Comes out of Bankruptcy
Majestic Star Casino LLC, a casino company based in Las Vegas and owns and manages several casinos in Indiana, Colorado and Mississippi, has recently come out of Chapter 11, parlaying what is reported to be a more robust balance sheet. The company has also announced that it now has the capacity to operate and maintain its viability amid the stiff competition that prevails in the gambling business. The new stakeholders of the company have confirmed that the company’s current liability is now pegged below $500 million.
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