There was an announcement made this week about Eldorado Resorts acquiring the Isle of Capri Casinos in a deal which is $1.7 billion worth.
The merger is inclusive of long term debt of $929 million of Isle of Capri along with its subsidiaries as stated by the companies. After the transaction gets completed, Eldorado will reap benefits through high geographic and operational diversity as there will be inclusion of 13 casino resorts in its portfolio. This would be applicable for 20 properties in total in 10 states. Eldorado has already been operating several casinos between Nevada, Reno and West Virginia, Ohio and Pennsylvania. The revenues would have been around $1.8 billion if the revenue from the companies is combined together in 12 months before July.
The purchase of Isle of Capri will certainly mean a transformation in terms of growth opportunity for Eldorado. It is indeed an important milestone towards the achievement of long term strategies for expansion of gaming platform as per the CEO of Eldorado. Gary Carano also said that the company has created best value for their shareholders in the last 2 years. The Eldorado Resorts will expand eventually from what it was. From 2 fully owned properties along with 50 percent interest in the 3rd property in 2 markets in 2014 to around 20 properties in 10 different states soon after the completion of the transaction. Continue reading “Merging Of Casinos In $1.7B”
A New Jersey legislative committee held a hearing later on Monday on the program for a November vote to decide whether to let 2 casinos in the state’s northern part. As per Associated Press, adversaries of the new casinos (might be made in Jersey City and East Rutherford) showed businesses that they would deal with another botch up to the casino gambling market of Atlantic City.
Atlantic City’s four casinos were shut down in the year 2014. But the revenues have stayed quite steady since for the present properties. The largest poker site of the world announced last week that it would be coming in the Garden State in this month that is quite great news for the seaside gambling city that has been dealing with bankruptcy. Online gambling sites of the Garden State have to be based in Atlantic City.
As per the new Associated Press report, a 2nd hearing on the whole voting plan is planned for next week in State Assembly. The bill requires at least 3 out of 5 lawmakers in every legislative torso to sanction it. Then voters would be questioned whether to let the alteration to the constitution of the state.
The probability of a statewide voting on the issue has already motivated Hard Rock International as well as the Meadowlands Racetrack to collaborate for a casino proposition. Deutsche Bank figured that the casino might generate US$ 500 million a year in gaming revenue, approximately 1/5th of all gaming revenue brought forth by the eight remaining casinos in the Atlantic City in a year. Continue reading “New Jersey close to casino vote”
The world’s biggest gambling center has a brand new leader for its regulative body.
Asia Gaming Brief’s report suggested that Assistant Public Prosecutor-General Paulo Martins Chan will run Macau’s Gambling Inspection and Coordination Bureau effective 1st Dec.
Manuel Joaquim das Neves, the current gambling regulator, who has been at the head of Gaming Inspection and Coordination Bureau for around 18 years and has seen Macau’s historic rise and also dealt with its accompanying challenges, last month said that he would retire. His term is over on 25th Nov.
Continue reading “Macau brings in top gambling regulator”
Unless you did not belong to the pre-poker boom era, there is no reason for you to know Stanley Schrier. He is the game’s elder statesman, and also the participant member of the greatest final table in the history of World Series of Poker Main Events. The table also included legendry Phil Hellmuth, Carlos Mortensen and Mike Matusow among others.
It was 2001 and the Binion’s Horseshoe in Las Vegas downtown was packed with the 613 world best players. Only some years prior to the event Schrier aged 60plus relocated to Vegas after selling out his business in Omaha so that he can p lay poker here. But that was the first time he was in the WSOP. Legendry players were falling like nine pins and they included Billy Baxter, Barny Boatman, Mike Sexton, Allen Cunningham and Jim Bechtel, but Schrior was there like a rock. The field was left with just 11 players and that was the time the field los tone of the most promising and now world famous player.
Shrier said, “I knew Daniel Negreanu really well” to PokerNews recently at an Omaha poker event. He said, he took a beating and went out which I did not know when as he was playing in another table. But some experience it was. Continue reading “The Bygone Era Of Poker: Stan Schrier Reflects on WSOP Final Table 2001”
Martin Jacobson wins the $10,000,000 Poker Main Event at the 2014 World Series and the interesting part is that he has never won a big live poker tournament before. This is also one of the grudge that people had against him along with comments like that he is too quiet a type to represent the game of poker and not mention that he was the penultimate player in chips at the starting of the finable table.
Poker world was rife with these kinds of conversations in the months prior to the start of the 2014 world series of Poker Main Event Final table. The poker player from Sweden proved to be the lone player left at the table to win the WSOP gold bracelet –the first for him- and also the huge purse of $10 million for achieving the first place.
Jacob was among the three players left in the field after the return of November Nine on Monday, the other two European players namely Felix Stephensen and Jorryt van Hoof. As bad luck would have it, chip lead of van Hoof did not survive and the Dutch player was ousted being the smallest of the three stacks. After fighting through 49 hands in a three way contest, van Hoof was shown the rail and the third place. Continue reading “Swede Martin Jacobson Wins $10,000,000 in the Poker Main Event of 2014 World Series”