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Alabama Pols, Casino Owner Nabbed in Vast Bribery Bust

Lobbyists also nabbed in big electronic bingo bust

(Newser) - Federal officials have indicted the owner of Alabama's largest casino, four state senators and several top lobbyists in a scheme to buy and sell votes to get electronic bingo legalized. The federal investigation found criminal activity that was astonishing in scope, according to the assistant attorney general. He calls it...

Casino Refuses to Pay $43M Jackpot

Slot machine was faulty, Colorado casino insists

(Newser) - A customer at a Colorado casino was offered a free breakfast and $23 in lieu of the $42.9 million jackpot she won at a penny slot machine. Gaming authorities and officials at Fortune Valley Casino say the machine malfunctioned and that its top payout is only $251,000, but...

Armed Gang Pulls Off Heist at Swiss Casino

Men storm Basel casino, make off with hundreds of thousands

(Newser) - An armed gang of masked men raided a Swiss casino packed with about 600 guests early today and made off with hundreds of thousands of dollars. Prosecutors in Basel described a scene like an action-film heist: About 10 men dressed in black and speaking French stormed the Grand Casino shortly...

Gambling Industry Bets on Harry Reid

 Gambling Industry 
 Bets on Harry Reid 

ELECTION 2010
Feb 18, 2010 8:51 AM CST

Gambling Industry Bets on Harry Reid

Ties to casinos bring in the campaign cash for Senate majority leader

(Newser) - Harry Reid's poll numbers make him look like an easy mark, but casino owners who have a history of disregarding party and going with the winner in Nevada politics are putting their money on the majority leader's reelection. Reid is counting on decades of close ties with the gambling industry...

MJ's Moonwalk Debut Glove Fetches $350K

'Holy grail' of Jackson memorabilia blows away presale estimate

(Newser) - The sequined glove Michael Jackson wore during the first public performance of his famed moonwalk sold at auction last night for $350,000, seven times the presale estimate of $50,000. Dubbed the "holy grail of Michael Jackson memorabilia" by the auction house, the glove sold to a Hong...

Tribal Casino Defaults May Sink Creditors
Tribal Casino Defaults
May Sink Creditors  
whose law applies?
Nov 19, 2009 2:17 PM CST

Tribal Casino Defaults May Sink Creditors

Foxwood failure sparks debate over 'sovereign nation' status

(Newser) - As the Native American tribe that own the Foxwoods Resort Casino in Connecticut looks poised to become the biggest defaulter yet on tribal casino debt, holders of billions of dollars of tribal debt are questioning whether US laws apply to tribes operating as sovereign nations. “With casinos such as...

Trump Drops Bid to Control Bankrupt Casinos

Donald, Ivanka allow creditors to control resort

(Newser) - Donald Trump will let creditors have the Trump Entertainment Resorts, easing the way for the three Atlantic City casinos to emerge from bankruptcy. The Donald and daughter Ivanka have stopped all litigation against a group of creditors who sought to block a bid by the Trumps to regain control over...

Gay Marriage to Gambling: Key Ballot Initiatives

Two states vote on taxpayer bills of rights, to curb spending

(Newser) - Voters in six states will head to the polls next Tuesday to decide ballot initiatives on everything from medical marijuana to livestock care. The Atlantic lists some of the most interesting, and the most likely to reverberate across state lines.
  • Question 1, Maine. Maine voters are being given the chance
...

Vagrants Find 'Home' in Tunnels Under Vegas Casinos

Tunnel dwellers trade danger of drowning for a little comfort

(Newser) - Flood tunnels beneath the casinos of Las Vegas seem an unlikely place to call home. But that’s exactly what they are to an estimated 700, including some who’ve built surprisingly elaborate makeshift dwellings in the 350-plus miles under the city. The Sun describes the “home” of couple...

CityCenter: Las Vegas' $8.5B Stimulus Bet

Hotel-casino-condo-shopping behemoth brings 12K jobs, optimism to battered state

(Newser) - A gigantic addition to the Las Vegas Strip is a one-stop stimulus package for a city and state walloped by the recession and an $8.5 billion bet that happy days are near again. With 12,000 jobs, the CityCenter project—a kaleidoscope of condominiums, boutique hotels, shopping, and, of...

Expanded Gambling Won't Be a Windfall: Silver

(Newser) - The many states hoping gambling will revive their troubled budgets are in for an unpleasant surprise, writes Nate Silver for Esquire. Gambling is supposed to be recession-proof, but that hasn’t been the case this time. "The year 2008 was the first time in history that total casino gaming...

Penny Slots Bring In Big Bucks
 Penny Slots Bring In Big Bucks 
Aug 31, 2009 11:41 AM CDT

Penny Slots Bring In Big Bucks

(Newser) - Casinos are making big bank off the tiniest—and oft-most derided—denomination, USA Today reports. Gambling outfits have added penny slots at an amazing rate—in the last 2 years, Nevada has removed 12,000 more costly machines to make room for 7,000 penny slots—and the move has...

Court Ruling Scuttles Del. Sports Gambling Plans

Grandfather clause doesn't apply to single-game expansion: judges

(Newser) - A federal court quashed Delaware’s bid to legalize single-game sports betting today, ruling that the gambling expansion violated a 1992 federal law, the News Journal of Wilmington reports. State lawyers had argued Delaware was exempt from the Professional and Amateur Sports Protection Act under a grandfather clause, but a...

States Lose Shirts as Gamblers Cut Back

(Newser) - Every state but Utah and Hawaii allows some form of legal gambling, and most have come to rely on it as a growing source of revenue. Unfortunately, a lot fewer people are hitting the slots or buying lotto tickets these days, the Wall Street Journal reports. Commercial casinos produced 2....

Russia Bans Gambling as Mega-Casinos Crap Out

Planned mini-Vegases stall in financial crisis

(Newser) - Gambling has played a major role in Russian life since 1989, with high-rolling casinos—more than 30 in Moscow alone—echoing the cowboy capitalism of the post-Soviet years. But July 1, Russia is shutting down all gaming and slot machine halls, confining gambling to four Vegas-style zones across the country....

Del. Moves to Legalize Sports Betting

(Newser) - The Delaware State Senate has approved a bill legalizing sports betting and allowing casinos to operate table games like roulette, the News Journal of Wilmington reports. The governor, seeking to close a gaping budget gap, will sign the bill this week. The measure sailed through the senate after a pitched...

Minn. Asks ISPs to Block Gambling Sites

(Newser) - Minnesota wants Internet providers who serve customers in the state to block access to Internet gambling sites, the Minneapolis Star Tribune reports. Officials say the practice is illegal in the state, but how prevalent it is is unclear. “It's hard to know that," a gambling regulator said. “...

Spacey to Play Jailed Lobbyist Abramoff

DC scammer looking forward to telling his side

(Newser) - Kevin Spacey met with lobbyist-extraordinaire-turned-convict Jack Abramoff yesterday to discuss the actor’s portrayal of him in the upcoming Casino Jack, Deadline Hollywood Daily reports. The jailed Abramoff, convicted of scamming American Indians out of millions in casino money, is reportedly a huge Spacey fan. “For two guys who...

Casinos Score Big With 1¢ Slots

(Newser) - Penny-pinching gamblers are flocking to casinos for a cheaper bet these days: penny slots. The machines enable them to play longer with the same amount of cash, and, thanks to modern paper payouts, no longer burden them with noisy bucket-loads of coins. Casinos don't mind the games, either. "...

Cash-Poor MGM Mirage May Sell Casinos

(Newser) - MGM Mirage, the gambling conglomerate, is considering the sale of casino properties in Michigan and Mississippi to pay down debt and save an underfunded Las Vegas development, the Wall Street Journal reports. The Vegas-based company has retained Morgan Stanley to shepherd the sales of the MGM Grand Detroit and Biloxi’...

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