Nevele developer pays $1M fee to become official NY casino applicant

KINGSTON >> The developer of the proposed Nevele Resort, Casino and Spa has anted up the $1 million fee required to make Nevele-R LLC an official applicant for one of four casino licenses to be awarded in the state. Also, Ulster County Executive Michael Hein on Tuesday signed legislation unanimously… Continue reading

N.Y. investment fund proposes REIT for Pinnacle casino holdings

LAS VEGAS — A New York-based investment fund, which owns 4.4 percent of Pinnacle Entertainment, Inc., wants the Las Vegas-based regional gaming operator to spin off its casinos into a real estate investment trust. In filing with the Securities and Exchange Commission Monday, Orange Capital said it believes Pinnacle could… Continue reading

Smurfits joins with Rooneys for online casino gaming venture

Game Account Network (GAN), the tech company controlled by members of the Smurfit family, has signed an agreement to develop a gaming website for a major US casino owned by the family of former US ambassador Dan Rooney. GAN, which supplies software for both “simulated” online gaming such as non-cash… Continue reading