Most Clicked Casino & Gaming SmartBrief Stories

1. Penn National to spend $360M on Tropicana Las Vegas buy

Casino & Gaming SmartBrief | Apr 29, 2015

Penn National Gaming announced plans to acquire the Tropicana hotel and casino in Las Vegas from Onex Corp. for $360 million. Penn National plans to invest $20 million to upgrade the resort, which is the company's second property in the Las Vegas area but its first on the Strip. (Las Vegas) (04/28) Bloomberg (04/29) Star Tribune (Minneapolis-St. Paul, Minn.) (04/29) Wall Street Journal (tiered subscription model), The (04/29)

2. Penn National to redo Tropicana in two phases, sources say

Casino & Gaming SmartBrief | May 01, 2015

Penn National Gaming is planning to redevelop its new Las Vegas Strip property, the Tropicana Las Vegas, in two phases, undisclosed sources say. The first phase will include $20 million in facility improvements and database integration, while the second phase will add retail and dining options and improve the casino floor. Las Vegas Sun (04/30)

3. Caesars ends cash play for poker

Casino & Gaming SmartBrief | May 04, 2015

On Friday, Caesars Entertainment announced it would end its practice of allowing cash play at poker tables in all markets and for the World Series of Poker, effective immediately. Caesars follows the lead of casinos in Las Vegas, including Wynn and MGM Resorts International, which no longer accept cash, requiring players to cash in for chips before sitting down to play poker. (05/03)

4. Riviera casino closes today after 6 decades

Casino & Gaming SmartBrief | May 04, 2015

The iconic Riviera casino closes today at noon after 60 years on the Las Vegas Strip. The Las Vegas Convention and Visitors Authority purchased the casino and plans to build an expansion to the city's convention center. Elvis, Liberace and Frank Sinatra are among the stars who performed at the casino, nicknamed "The Riv," in its heyday. Las Vegas Review-Journal (05/02) Washington Times, The (05/04) Wall Street Journal (tiered subscription model), The (05/01)

5. Ariz. casino introduces licensed poker side bet

Casino & Gaming SmartBrief | Apr 29, 2015

Casino Del Sol, a tribal casino in Arizona, has introduced a side bet for Texas Hold 'Em poker called The Hot Poker Spot. "To my knowledge, we are the first casino, Indian or otherwise, to have a licensed and approved poker side bet," said Rick Chaurette, poker manager for the casino from the Pascua Yaqui tribe. Indian Country Today (04/28)

6. Pinnacle, GLPI is in talks over real estate assets

Casino & Gaming SmartBrief | May 04, 2015

Pinnacle Entertainment confirmed the company is in discussion with Gaming and Leisure Properties, which has offered to purchase Pinnacle's real estate assets for $2.4 billion. American City Business Journals (05/04)

7. Las Vegas music festival hosted by MGM is part of outdoor trend

Casino & Gaming SmartBrief | May 04, 2015

The Rock in Rio festival on MGM Resorts International land in Las Vegas this month marks a trend toward events hosted outside casino walls. "The demographics are changing, and people are looking for different kinds of experiences," said Chris Baldizan, senior vice president for entertainment at MGM. Bloomberg (04/30)

8. Ind. lawmakers send gaming bill to governor

Casino & Gaming SmartBrief | Apr 30, 2015

Indiana lawmakers sent a gaming bill to Gov. Mike Pence for approval on Wednesday. The bill allows riverboat casinos to move onto land but delays a provision for live dealers at racinos until 2021. It is unclear whether Pence will sign the bill into law. Indianapolis Star (tiered subscription model), The (04/29) WFIE-TV (Evansville, Ind.) (04/29) Times (Munster-Hammond-Merrillville-Valparaiso, Ind.), The (04/29)

9. Calif. tribe to embark on $285M expansion of casino

Casino & Gaming SmartBrief | May 04, 2015

The Pechanga Band of Luiseno Indians is planning a $285 million expansion of its tribal casino near Temecula, Calif. The expansion will more than double the number of hotel rooms and add a resort-style pool complex as well as meeting space. The tribe is one of many tribes in the state that have boosted nongaming amenities, while gaming accounts for about 80 to 95% of revenue at tribal casinos. Orange County Register (Santa Ana, Calif.) (free content), The (05/03)

10. Ill. governor says he's "open" to casino proposal

Casino & Gaming SmartBrief | May 05, 2015

Ill. Gov. Bruce Rauner said he is "open to considering" a proposal for a casino in Chicago. State lawmakers held a hearing on expanded gaming on Monday and plan to hold another hearing later in the month. Chicago Mayor Rahm Emanuel supports a plan for a city-owned casino. Chicago Tribune (tiered subscription model) (05/04) WBBM-TV (Chicago) (05/04) Republic (Columbus, Ind.), The (05/04)

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