compatiblepoker.com Amaya Plans Extensive Expansion of PokerStars
By Renee K on Thursday, July 10th, 2014
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Asked about the problems that PokerStars has faced until now by trying to enter the regulated US gambling market, Baazov said that one of the terms of the deal with Amaya was that PokerStars founder Mark Scheinberg and other principals would sell their stock in the company and would no longer be involved in managerial decisions. Baazov believes that this will give PokerStars a clean slate and allow it to expand in the United States and other regulated jurisdictions around the world.
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casinocitytimes.com - California Indian casino built and managed by Station Casinos rising to top of class
8 July 2014
By Howard Stutz
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But one analyst hinted recently the Indian casino — which was built by Station Casinos, Inc. and is being operated by the locals gaming giant — is quickly rising to the top of the class in tribal gaming-rich California.
The casino cost $800 million and is owned by the Federated Indians of Graton Rancheria. The property, 45 minutes north of downtown San Francisco, took 10 years to get through the various federal and state regulatory approvals.
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In the quarter that ended March 31, Graton generated $101 million in revenue and $57 million, cash flow. Station Casinos earned $7.4 million in management fees.
Credit Suisse gaming analyst Joel Simkins told investors the Graton numbers make the resort one of the most profitable and highest margin regional casinos around.
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Graton also has a potential advantage should California legalize Internet poker.
The casino can partner with Station Casinos-owned Ultimate Gaming. The company operates Ultimate Poker in Nevada and is the online gaming provider for the Trump Taj Mahal in Atlantic City.
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Also:
politico.com Adelson makes fifth new hire to fight online gaming
vegasinc.com Online gaming hasn’t lived up to its hype
totallygaming.com Political heavyweights to discuss pros and cons of internet gambling in San Francisco
