An investment management firm, which is based in Boston, has proposed a huge USD 101.5 million buyout plan for Archon Corporation. It is a casino operator in Laughlin and owns Pioneer Hotel & Gambling hall there.

At this moment, Esplanade Capital is believed to be the second largest stakeholder in Archon outside of its owners. They have proposed the buyout offer to the company’s board of directors in last month’s meeting.

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For close to a decade now in the New Jersey State, horseracing bets have been legal. People are allowed to place bets through phones and internet. Now, it is believed that a system similar to the one, which is in place at this moment at horse racing sites, might get adopted for the state’s newly legalized internet gaming industry.

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Caesars Entertainment Inc’s partner in couple of Ohio Casinos and Downtown Baltimore’s planned project, Rock Gaming, has made a huge announcement today. They have said that they will be owning a gaming hall in the Detroit Hometown.

Dan Gilbert, who is a businessman from Detroit, controls Rock Gaming. The firm won an approval from the gaming regulators of Michigan for taking over the ownership of Greektown Casino.

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Moody’s Investors Service has said that while online gambling legalization is going to help the New Jersey State in stabilizing the property tax base in Atlantic City, there might be some negative results as well.

They fear that the introduction of online gambling may lead to a reduction in the tourist count visiting the Atlantic City casinos, as people, now, will prefer betting from their home.

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Sometimes, it is too difficult to give up on a proposal, if long-term benefits are involved. The same thing goes for Las Vegas Sands Corp and their dream to open up in Florida. This week saw their lobbyist in Florida telling the state lawmakers to go big in their bid of expanding gambling there.

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