Here’s one area where Nevada ranks first in the nation — and it’s a good thing. When looking at the cumulative financial benefits of the nation’s gaming industry, the Silver State is No. 1 in economic impact, No. 1 in jobs supported and No. 1 tax revenue to state and local governments. Yeah, big surprise […]
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 […]
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 […]
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 […]
MGM Resorts International is one of the largest and highest profile Las Vegas corporations. And the MGM Resorts Foundation enjoys similar status. MGM started the 501 (c) 3 in 2002 to help its employees give back to the community. Since its inception, the Foundation has raised $59 million. Donations now average almost $5 million a […]
In the spirit of Veterans Day, two Las Vegas casino companies recently announced major charitable contributions to the military community. MGM Resorts International said today it’s committing $250,000 to the Nevada Military Support Alliance to build a house that will host families of patients being treated at the Southern Nevada Veterans Affairs Medical Center in […]
Casinos add $4.8 billion a year to Pennsylvania’s economy and are directly responsible for 17,759 jobs in the state, says a new study sponsored by the American Gaming Association. The impact could grow with a greater “partnership” between policy makers and the industry, the group’s top executive says. “As competition emerges in neighboring states, it […]
Hollywood Casino Toledo doesn’t just feed customers at its legendary Final Cut Steak and Seafood restaurant, or make sure that people hoping for good luck at the slot machines have snacks to sustain them. The casino has also donated more than 70,000 pounds of food to those in need since initiating a food reclamation program […]
Casino opponents are forecasting a doomsday for the Massachusetts State Lottery if casinos are allowed to open in the state, but their predictions are not supported by the results in other large states that have introduced casinos into mature lottery markets, according to specialists and a Globe analysis. Citing a study written by a Massachusetts lawmaker in […]