Casinos & Gaming
One day doesn’t make a month. But a 490-point surge by the Dow Jones industrial average, the largest single day gain since March 2009, gave the stock prices of several publicly traded casino operators and slot machine manufacturers a lift on the last day of November. The month as a whole was a mixed bag, however.
Rep. Barney Frank, whose long House career is coming to an end, said Tuesday he was optimistic Congress will allow people to gamble over the Internet. The Massachusetts Democrat said online gambling will remain an important matter in the year remaining in his final term.
Top management at the Hooters Hotel has shifted gears and agreed to auction the property rather than try to find an investor to bail out current owners.
JACKSON, Miss. — Mississippi’s casinos won $182.2 million from gamblers in October, down 5 percent from $191.6 million in October 2010.
Although construction on the Fontainebleau resort halted more than two years ago, the legal wrangling over its remains continues.
