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Gambling in the USA

100% Employee-Owned Resort Casino Company Buys Seabrook Greyhound Park

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Photo Source: seacoastonline.com

 

Facility to become a premier New England entertainment destination

 

Eureka Casino Resort, an established Nevada-based resort casino company, has purchased Seabrook Greyhound Park, a 75-acre property and 90,000 square foot facility in Seabrook, New Hampshire. The Park has a storied history as a destination for live racing, off- track betting, and charitable casino gaming since 1973.

One of only two employee-owned casino companies in the United States, Eureka is led by Greg Lee, chairman, and Andre Carrier, chief operating officer. Both men have deep ties to New Hampshire. Lee was a graduate of St. Paul’s School in Concord and Carrier’s family still resides in the Mount Washington Valley. Their connection to the Granite State and extensive industry experience inspired them to pursue the opportunity in Seabrook.

Eureka is a core values-centric organization and highly committed to treating its guests, communities, and employees with care, compassion, and dedication. These values and the Company’s unique employee-ownership structure earned Eureka a spot on Fortune Magazine’s Top 100 Medium Workplaces in America – 2018. Eureka continually seeks opportunities to make a positive impact wherever it operates, providing long-term employment and thoughtful engagement in local education and civic causes.

“We are excited to bring the opportunity for employee ownership to this legacy business. We look forward to bringing our corporate culture, and our desire to meet and exceed the expectations of our guests and the communities we serve, to New Hampshire,” said Lee. “It feels great to be home,” added Carrier. “Greg and I love the land and location of Seabrook Park as well as the business opportunity.  We think we are able to bring some new energy to race wagering and our approach to business is really aligned with the charitable casino model in place in New Hampshire. We foresee doing a lot of good here while having a lot of fun.”

Eureka will begin improvements to the facility immediately with construction beginning February 4th. The facility will remain open throughout the remodel. The casino, poker room, and simulcast/off-track betting areas will maintain customary operating hours. Eureka plans to transform the entire facility into the region’s premier gaming, entertainment, and food and beverage destination, with the first full phase of development completed by August 2019.

“We will work hard to design and build a new facility that is welcoming and exciting to both first-time guests and the Park’s long-time valued customers,” said Carrier. “The Park has been a landmark in New Hampshire for nearly half a century and we take our responsibility seriously to make it a vibrant business and destination for many years to come.”

 

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About Eureka Casino Resort:

Eureka is a 100% employee-owned casino resort company headquartered in Mesquite, Nevada, 80 miles northeast of Las Vegas. The Company’s signature property, The Eureka, is a premier destination for golfers and vacationers from across the globe. Visitors come to challenge themselves on some of the finest desert golf courses in the world or take in scenic views of Mesquite’s red-topped mesas. The magic of The Eureka is the charm and beauty of its small-town home mixed with its big time fun, facilities, and service that rivals any five-star resort. Renowned not only for the work they do to serve their guests but also their community, The Eureka is a central pillar in essential charity and service programs throughout the region. Widely known for its quality service, products, and innovative community service, Eureka was most recently recognized by Fortune Magazine as one of the Top 100 Medium Workplaces in America – 2018.

Source: Eureka Casino Resort

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Gambling in the USA

Major Casino Operators Ready to Invest if Georgia Lifts Casino Ban

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As discussions about legalizing gambling in Georgia gain momentum, major casino operators like Wynn Resorts and Boyd Gaming are poised to lead the charge if the state changes its restrictive laws.

During a recent Georgia House study committee meeting, Christopher Gordon, president of Wynn Resorts’ development arm, expressed keen interest in building a multibillion-dollar casino should legal barriers be removed. Similarly, Boyd Gaming’s government affairs vice president Ryan Soultz highlighted Georgia’s market attractiveness.

Wynn’s model would be similar to its $2.6 billion Encore Boston Harbor, suggesting that a new Georgia casino could employ up to 4000 workers and contribute substantial gaming tax revenue.

Although specific locations have not been chosen, both companies have indicated they would need constitutional changes to move forward. Their willingness to invest heavily in the Peach State demonstrates a strong belief in the untapped potential of the state’s gambling market.

Such developments offer a compelling argument for lawmakers to consider gambling expansion, marking a shift toward economic incentives as a primary motivator for legislative change.

Should Georgia proceed with legalizing casino gambling, the legislative language will be crucial in shaping the industry’s landscape. Key proposals may include requiring casino companies to invest at least $1.2 billion per resort and generate a minimum number of jobs, often set at around 10,000 per license. This ensures that any developments bring tangible benefits to the local economy.

Additional legislative demands include rigorous background checks for key personnel, proven industry experience, and adherence to strict technical and financial standards. Only companies with substantial capital and robust infrastructure, like Wynn Resorts and Boyd Gaming, are likely to meet these stringent requirements.

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Gambling in the USA

Plaza Hotel & Casino to welcome the U.S. National Champions Summerlin South All Stars to be TNT Ignitors for Welcome to the Weekend Friday Fireworks, next Friday, Sept. 5

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The Plaza Hotel & Casino will welcome the U.S. National champions, the Summerlin South All Star team to be the special guest TNT Ignitors of the property’s Welcome to the Weekend Friday Fireworks show, next Friday, Sept. 5 at 9:15 p.m., taking place on the Plaza’s rooftop pool deck.

“Getting to ignite the Plaza’s amazing fireworks show is a great honor for the team,” said Chris Mallory, president of Summerlin South. “And we thank the Plaza and Jonathan for the warm welcome and fun celebration planned for the team, including a pizza party for them and their families.”

“All of Las Vegas is proud of the accomplishments that the Summerlin South team made in the All Star postseason,” said Jonathan Jossel, CEO of the Plaza Hotel & Casino. “We look forward to hosting the team and their families, and we hope all of their fans come out to celebrate with them and enjoy the fireworks show.”

The summer fireworks shows are staged from the top of the Plaza’s South Tower every Friday at 9:15 p.m. from May through September.

The public can watch the Welcome to the Weekend Friday Fireworks Show for free at the rooftop pool, at Carousel Bar under the Plaza’s iconic dome, and from in front of the Plaza on Main Street, which will be closed to vehicular traffic during the show for viewing the fireworks from Carson Avenue to Ogden Avenue.

The Plaza’s fireworks will be dependent on weather conditions and are subject to change or cancellation. Updates will be available on the Plaza’s social media channels, including Facebook, Instagram and Twitter.

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Gambling in the USA

New Hampshire Charitable Gaming Revenue Hits $24.8M in July

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New Hampshire charitable gaming revenue has reached $24.8 million last month, up from the previous year’s figure of $14.5 million, boosted by the opening of new casinos.

The latest figures come from the New Hampshire Lottery and Gaming Commission, which shows that of the 15 casinos, only four saw losses, while four others were not in operation last July.

The Nash Casino, which opened in March, generated the highest revenue of all the casinos – $5.8 million.

The highest year-over-year increase was seen by the Revo Casino Lebanon, which opened in a new location in December, and saw revenue rise by 321% from $387,836 to over $1.6 million.

Other notable rises were seen from the Lakes Region Casino, which generated an increase of 24% year-over-year and The Brook, which saw a 17% rise from $4.7 million to $5.5 million.

The biggest declines came from The Lucky Moose Casino, where profits dropped by 79% from $666,454 to $139,748, and the Gate City Casino, which saw profits fall by 16% from $2.7 million to $2.3 million.

Historic horse racing revenue rose by 85% year-over-year, from $10.6 million to $19.7 million, while games of chance revenue increased by 53% from $3.3 million to $5.1 million.

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