A study conducted for the American Gaming Association says commercial gaming generated about 4,500 Maryland jobs and supported an additional 3,400 positions in 2013. The study, conducted for the trade association by Oxford Economics and released Monday, said the industry’s economic impact on Maryland was $1.4 billion, including labor income of about $359 million. The […]
SPRINGFIELD – Developer Peter A. Picknelly said Friday that a proposal to convert a vacant six-story building at Court Square to a boutique hotel is nearing reality and would not be possible without the involvement of MGM Springfield. Picknelly, the owner-developer of OPAL Real Estate Group, and Demetrios N. Panteleakis, OPAL’s chief operating officer, said they are excited […]
Maryland’s fast-growing casino industry injected $1.4 billion into the state economy and supported nearly 8,000 jobs in 2013, according to an industry-funded study released Monday. The casino industry also generated $359 million in income and pumped $543 million in tax revenue into state coffers, concluded researchers from Oxford Economics, a forecasting firm based in Oxford, […]
Visitors to Colorado’s 39 casinos in three mountain towns fueled $1.5 billion of economic activity in 2013. A study by Oxford Economics released Thursday — part of a state-by-state survey of gambling’s economic impact by the American Gaming Association — showed Colorado’s non-tribal casinos supported more than 10,000 jobs and generated $342 million of state and local tax revenue […]
LAS VEGAS (AP) — A gambling industry group says it’s drafted a first-of-its-kind guide to help casinos prevent money laundering. The American Gaming Associationreleased its best practices Thursday to help casinos and Internet gambling sites comply with anti-money laundering laws. Casinos generally have their own plans but the group says there hasn’t been an industry-wide guide until now. Among […]
Washington, DC –The American Gaming Association (AGA) today released a comprehensive set of Anti-Money Laundering (AML) Best Practices to guide the efforts of casinos to protect the U.S. financial system and our national security from money laundering and other forms of illicit finance. The AGA’s Best Practices for Anti-Money Laundering Compliance are the result of more than a […]
Springfield intends to hire 58 new police and firefighters in the coming months, and is banking on funding from the MGM Springfield to see that the city will continue to be able to afford them into the future. Mayor Domenic J. Sarno, in a press conference at Police Headquarters on Pearl Street, announced the city will hire 30 […]
Baton Rouge’s three riverboat casinos brought in more money in October than they did the year before, with all the properties posting gains over 2013 figures. The riverboats brought in nearly $21.8 million in October, compared with almost $21.4 million in October 2013, a 1.9 percent gain, according to figures released Thursday by State Police. […]
Maine’s two casinos support nearly 1,500 jobs in the state, pay about $83 million in taxes, and last year had a total economic impact of $227 million, according to a study released by the American Gaming Association on Thursday. “This research reveals a vast industry that boosts local communities across Maine by supporting jobs and […]
Ohio’s casinos and racinos were responsible for $2.2 billion of the state’s economy in 2013, according to a new study commissioned by the American Gaming Association. And that number is expected to increase this year with the opening of additional racinos. The gambling venues were responsible for about 7,500 jobs and generated $672.5 million in […]