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Atlanta Casino Push Gains Powerful Lobbyist, Golden Nugget Owner Willing to Bet on Georgia

Atlanta Casino Push Gains Powerful Lobbyist, Golden Nugget Owner Willing to Bet on Georgia

Two identical Atlanta casino bills have actually been introduced to both chambers regarding the state’s General Assembly, and gambling companies across the country are readying for the fight that is legislative employing high-profile lobbyists.

It’s tough to find fertile regions that are non-gaming the US, particularly in major metropolises. An Atlanta casino bill seeks to bring gambling that is land-based Georgia, much to your delight of billionaire Tilman Fertitta.

The absolute most recent name to join the push for casinos in Georgia is former Mississippi Governor Haley Barbour. The Republican who served two terms leading The Magnolia State has filed lobbyist paperwork in Atlanta to represent the passions of Las Vegas-based Wynn Resorts.

Barbour joining the discussion is essential because of their friendship that is long with Georgia Governor Nathan contract (R). State lawmakers have been pressing to legalize gambling that is commercial Georgia for more than a 12 months in order to increase tax revenue.

Deal has opposed legislation that is such the past, but recently hinted he would be open for a discussion should the casino legislation mandate that almost all the proceeds help education, and also the effect wouldn’t directly hurt the state’s lottery system.

The Peach State sold $4.556 billion worth of lottery tickets in 2016 though Georgia doesn’t currently have land-based tribal

 

Carl Icahn Rips Nj Senate President Sweeney, Gov. Christie Vetoes Casino Bill

Carl Icahn Rips Nj Senate President Sweeney, Gov. Christie Vetoes Casino Bill

Carl Icahn is ready to place a ‘for sale’ register at the Trump Taj Mahal, but before the Atlantic City home goes into the MLS listings, the billionaire investor is first taking some time to lambaste State Senate President Stephen Sweeney (D).

The Trump Taj Mahal will no longer be an element of the Trump Entertainment Resorts brand, assuming billionaire Carl Icahn will get someone to purchase the Atlantic City resort.

Writing on their individual internet site, Icahn says of the Democrat, ‘A wise guy once told me that the combination of power and irresponsibility in just about any person is extremely dangerous. Sweeney is the quintessential evidence of that statement’s truth.’

Icahn shuttered the Taj Mahal last October after his company couldn’t come to terms with Unite Here regional 54, the casino union that represented the resort’s bartenders, wait staff, cooks, housekeepers, and other service workers.

During Icahn’s negotiations with the workers that are local, Sweeney introduced legislation that sought to block casino owners from reopening venues they ‘substantially closed’ for the minimum of 5 years. The bill had been unquestionably fond of the billionaire, who numerous believed ended up being scheming to resurrect the Taj in 2017 clear of union agreements.

After the city’s fifth casino in three years went dark, this new Jersey Legislature passed Sweeney’s bill. Soon after, Icahn willingly

 

MGM Resorts Misses Fourth-Quarter Projections, but Springfield Casino Construction Ahead of Schedule

MGM Resorts Misses Fourth-Quarter Projections, but Springfield Casino Construction Ahead of Schedule

MGM Resorts posted improved fourth-quarter revenues in 2016 compared to the previous year, but the generated income fell far short of projections.

MGM Resorts CEO Jim Murren is encouraged heading in 2017 despite a disappointing fourth quarter for his company.

The Las Vegas-headquartered gaming and hospitality company reported net income of nearly $70 million for the final three months of the year. That translates to four cents per share, a far cry from the analysts’ consensus estimate of 21 cents for the quarter.

Though the company’s new property in Washington, DC, appropriately named National Harbor, brought in big money for MGM, and performance improved at the conglomerate’s 10 venues in Las Vegas and Atlantic City’s Borgata, the convention space underperformed.

Regardless of coming in well under fiscal expectations, CEO Jim Murren painted the earnings data in a rosy light.

‘The achievement of key financial and strategic milestones demonstrates our continued focus on driving profitability,’ Murren said in a release. ‘We are excited about the outlook for 2017.’

Investors on Wall Street don’t normally take the bait, and value numbers over words. Traded on the New York Stock Exchange, shares of MGM Resorts fell as much as nine percent following the financial announcement.

For the complete year, MGM generated a net income of $1.24 billion, or $1.94 per share. That’s a substantial im

 

President Trump Talks Sports Betting, Nevada Books Collect Record Handle on Super Bowl

President Trump Talks Sports Betting, Nevada Books Collect Record Handle on Super Bowl

Sports betting legalization is a controversial topic that has recently been debated in several state capitals, and the usa Supreme Court is considering conducting its own review within the coming months.

President Trump explained he won’t fight for recreations legalization that is betting he hears all edges of the tale from people who understand the market most readily useful.

The topic is garnering the attention of even more important players as Super Bowl LI generated a record handle at Nevada sportsbooks. The commander-in-chief gave over the weekend while there was much coverage on President Donald Trump’s sit-down with FOX News’ Bill O’Reilly during Super Bowl Sunday, it wasn’t the only interview.

Showing up on American sportscaster Jim Gray’s Westwood One radio network system, the president was asked about legalizing sports gambling nationwide.

‘What I’d do is sit down with the commissioners. I would be talking in their mind, and now we’ll see how they feel about it,’ Trump explained. ‘Some would perhaps not want it, I’ve read others perhaps do. I might certainly want to obtain their input and get the input from the various leagues . . . It shall be studied very carefully.’

While obscure, the president’s remarks would be the time that is first’s opined on potentially even considering repealing the pro and recreational Sports Protection Act (PASPA). The 1992 statute that is federal

 

William Hill’s Largest Shareholder Needs Purchase of Gambling Company

William Hill’s Largest Shareholder Needs Purchase of Gambling Company

William Hill is once again at the center of merger talks, but this time around the company’s largest shareholder wants it become the prospective of a takeover.

William Hill is allegedly back on the trading obstructs after the company’s chief stakeholder reportedly called for the group to look for a buyer that is potential.

Parvus Asset Management, a London-based hedge fund that controls 14.3 % of the UK bookmaking and gambling business, is reportedly pushing William Hill to just accept a takeover that is qualified.

According to The Sunday circumstances, A british weekend newspaper, Parvus thinks William Hill should look to be obtained by, or merged with, another leading online gambling firm. Potential suitors consist of GVC Holdings, as well as 888 Holdings and The Rank Group, the two latter which tried to purchase William Hill last summer.

Both Parvus and William Hill declined to comment, but speculation is running rampant in the united kingdom because of the hedge fund’s considerable power.

Founded in 1934 by the company’s namesake, William Hill today employs some 16,000 people. The bookmaker has real pokies free 2,370 physical betting shops across the UK, which compliments its gaming that is online network.

Up to Parvus

It was only last October that the investment team publicly blasted William Hill’s potential aligning with Amaya, the company that is canadian-based owners PokerStars.

Parvus said at the time, ‘We highly en

 
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