Pinnacle, Harrah’s to Exchange Casinos
Pinnacle Entertainment Inc. will get what’s left of Harrah’s Entertainment Inc.’s Lake Charles casino complex in Louisiana, while Harrah’s will take over what’s left of Casino Magic in Biloxi, Miss., under a deal announced Wednesday.
Related Casino News:
- Other Hospitality News in Brief: Pinnacle, Harrah’s to Exchange Hurricane-Damanged Hotels and Casinos; Greystone
- Other News in Brief: Pinnacle and Harrah’s to Exchange Hurricane-Damaged Hotels and Casinos; Colliers International
- Pinnacle begins purchase of President Casinos’ debt
- Pinnacle offers to buy President Casinos debt
- Pinnacle Entertainment to Purchase President Casinos Notes
- Pinnacle Entertainment Agrees to Purchase Notes of President Casinos and Offers to Purchase Related Claims
- Third time’s a charm: Pinnacle offers Aztar $48 per share
- Harrah’s, Pinnacle in deal for Gulf Coast casinos
- Pinnacle reopens 2 La. casinos after Gustav passes
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- Harrah’s, Pinnacle Swap Riverboat Casinos
- HVS EMEA Hospitality Enews - Week Ending 2 December 2005
Gambling casinos history:
- Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy.
- Casino chips were used in the 18th century as a substitute for money being wagered. Originally, they were pieces of bones, mother of pearl or ivory engraved with the name of the casino and their respective value.
- The most popular form of charitable gambling is bingo. In California, bingo is the only charitable game that is legal.
- The first World Series of Poker was held in downtown Las Vegas at the Horseshoe Casino back in 1970. Then owner of the Horseshoe Jack Binion, hosted the very first one and has agreed to host upcoming World Series of Poker Tournament Circuit. Jack Binion said that is purely honorary and plans on doing other types deals and events in the future.
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