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Fate of online poker and other casino games to be
determined in 2015

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Lake Tahoe:  
The Cal Neva Resort & Casino has pushed back its reopening date by a
year. December 12, 2014 was originally targeted, since it coincided with former owner
Frank Sinatra’s 99th birthday. The casino is now shooting for Sinatra’s 100th birthday in
December this year.
Atlantic City:  The Taj Mahal was able to survive another threatened closing date in
December, thanks to a proposed $20 million capital infusion from Carl Icahn. If the plan is
approved, it’s believed it will keep the Taj open though 2015.

New York:
 Three licenses have been granted for casinos outside of New York City: the
$630 million Montreign Resort Casino by Empire Resorts in the Catskills town of
Thompson; the $425 million Lago Resort Casino from Wilmorite in Tyree; and the $330
million Rivers Casino from Rush Street Gaming on Mohawk Harbor in Schenectady.
Caesars Entertainment, Mohegan Sun, and Genting, were among 13 companies whose
proposals were rejected, though Genting is a majority owner of Empire.

Foxwoods, the largest casino in North America, is removing some of its
gambling devices so the space can be used for “nightclubs and other attractions.” The
move will reduce its 5,800 slots and 350 tables to an estimated 4,800 and 250,
respectively, with an aim of dropping the percentage of total revenue earned from
gambling from 80% to 65%-70%. At its zenith, Foxwoods had 6,300 slots and 380 tables.

With the absence of any outlawing provisions in last-minute 2014 legislation, the
fate of online poker and other casino games will likely be determined in 2015. New York is
the latest state to declare its intentions to consider legalization in 2015.
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