#P2E

Iowa: Churchill Downs Nears Acquisition of Hard Rock Sioux City

Churchill Downs has won the right to buy the Hard Rock Sioux City casino for $2.75 billion. The company intends to maintain the brand and retain all 350 casino employees. Hard Rancheri will continue to honor the agreement between P2E and Missouri River Historical Development. P 2E receives 4.25% of casino revenue from MRDH.
Industry
Iowa: Churchill Downs Nears Acquisition of Hard Rock Sioux City
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Iowa: Churchill Downs Nears Acquisition of Hard Rock Sioux City 

Iowa: Churchill Downs Nears Acquisition of Hard Rock Sioux City 

What Is Crypto Gaming?

The global video game market topped INR 15 trillion in 2021. Some games integrate crypto directly into their gaming economies. Before taking the plunge, players should understand the pros and cons of crypto gaming.
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Virginia's budget deal clears Richmond's second casino referendum but ties licensing to legislative study on Petersburg's rival bid

Virginia's new state budget agreement includes language that would delay state licensing of a proposed casino in South Richmond even if voters approve it in November's second referendum. The new budget deal would not allow the Virginia Lottery to license the facility if it's approved until after the completion of the legislative study of Petersburg's potential rival site.
Law
Virginia's budget deal clears Richmond's second casino referendum but ties licensing to legislative study on Petersburg's rival bid
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Best Gaming Crypto Coins

After the pandemic and lockdowns, the gaming industry has seen multiple technological advances. Some of these advancements are the development of the metaverse and crypto gaming platforms with immersive VR/AR experiences built on blockchain technology. In order to play these games, players need to use in-game currencies that are essentially crypto with real-world value. Gaming cryptocurrencies were created from this union between the industry and the technology, and this article discusses the top gaming cryptocurrencies.
Crypto
Best Gaming Crypto Coins

Qtech Games to Introduce Crypto-Based Casino Games

The global casino industry is projected to grow by 7.32% to reach $503.54 billion by the end of 2030. The most vital aspect of casinos is gambling. People's spending capabilities have increased and more gambling and gaming products are available online. Qtech Games is introducing a new crypto-based casino game.
Games
Qtech Games to Introduce Crypto-Based Casino Games

UFO Gaming Launches The Alpha Version Of Their Debut Game Super Galactic

UFO Gaming released the alpha version of Super Galactic on Monday, April 25th, 2022. 1,000 community members were able to try out the new decentralized game. Due to popular demand, they increased that number to 1200. Twenty lucky winners started their in-game journey with a $50 bonus token reward in their TRC20 wallets.
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Best Play to Earn Games in April 2022

Best Play to Earn Games in April 2022 is reviewed. Play-to-earn games make use of blockchain technology and give players the opportunity to generate crypto rewards for their skill and effort.
Innovation
Best Play to Earn Games in April 2022

Louisiana's regulator grants DiamondJacks Casino a reopening deadline extension

DiamondJacks Casino and Resort was supposed to open by February 11 but the company asked for an extension on January 12. Peninsula Pacific Entertainment will present their reopening plans on February 17. The chairman of the Louisiana Gaming Control Board, Ronnie Johns, has not seen them yet. Peninsula had been campaigning in south Louisiana to start a new casino in Slidell, St. Tammany Parish.
Travel
Louisiana's regulator grants DiamondJacks Casino a reopening deadline extension

Del Lago Resort & Casino’s new owner to be in place by year-end

Churchill Downs Inc. plans to buy Peninsula Pacific Entertainment LLC for nearly $2.5 billion. Del Lago Resort & Casino will be sold to a new owner by the end of 2022. The transaction is dependent on various approvals. CDI owns horse-racing tracks, casinos, and online-wagering platforms. It is most known for operating the Kentucky Derby and the Churchill Downs racetrack.
Gaming Authorities
Del Lago Resort & Casino’s new owner to be in place by year-end

Churchill Downs Buys Colonial Downs, Gets Casinos in the Bargain

Churchill Downs Incorporated will buy the parent company of Colonial Downs for $2.485 billion. The deal is expected to close by the end of 2022. CDI will fund the deal through a combination of new debt and cash on hand. Some of the cash will come from the sale of land near Calder Casino in Florida.
Land-based
Churchill Downs Buys Colonial Downs, Gets Casinos in the Bargain
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Potential Cedar Rapids casino operator sells some assets to Churchill Downs

Potential Cedar Rapids casino operator sells some assets to Churchill Downs Inc. Peninsula Pacific Entertainment is selling its Sioux City casino and other properties to the company. The deal is between Churchill and Peninsula. P2E was founded in 1999 as the holding company for Peninsula Gaming, which owned the Diamond Jo Casino in Dubuque. It was sold in 2012 to Boyd Gaming Corp. in a $1.45 billion deal. Jonathan Swain, president of P 2E, said the deal does not change investors’ plans to secure a gaming license from the Iowa Racing and Gaming Commission to build a casino in Linn County.
Industry
Potential Cedar Rapids casino operator sells some assets to Churchill Downs

Diamond Jacks Casino Owner Must Sell Property in 60 Days

Diamond Jacks Casino in Bossier City, Louisiana, has been closed for nearly two years. The Louisiana Gaming Control Board gave Peninsula Pacific Entertainment 60 days to sell the property or it will lose its gaming license. Peninsula is in negotiations to buy Diamond Jack's from Foundation Gaming Group.  The board could take P2E’s license right now, but it would rather the company just sell DiamondJacks and be done with it.
Covid
Diamond Jacks Casino Owner Must Sell Property in 60 Days

FairSpin casino: Earn cryptocurrency through play-to-earn games

FairSpin is an online gambling platform that provides you with earnings by playing through its games. Play-to-earn is the concept of playing a game and obtaining digital assets in the form of tokens or non-fungible tokens (NFTs). These digital Assets can be monetized in a dedicated Marketplace. Axie Infinity is a games that presents you the monsters to put into battle and sells them to other players. Decentraland is another game where players can buy and sell virtual plots. Recently, a plot of land was sold for $2.4 million in this game.
Crypto
FairSpin casino: Earn cryptocurrency through play-to-earn games

NHN merges game units under NHN Bigfoot for P2E foray

NHN Corp. has realigned its businesses to focus more on social casino games under game developer NHN Bigfoot this year. The company has merged with NHn PixelCube and NH n RPG as of this month. It is expected to play key role in carrying out NH N's game business along with mobile game-focused NHnt PlayArt based in Japan. The merged entity will be led by Kim Sang-ho, chief executive of NHNT Bigfoot. Kim joined NHT in 2003 and directed NHNN USA and game sourcing and publishing business. He took on his current role as CEO in 2018.
Poker
NHN merges game units under NHN Bigfoot for P2E foray

Slidell Casino Bill Gets Overwhelming House Support

Louisiana House of Representatives passed a bill allowing for a St. Tammany Parish referendum on whether a casino should be built in the area. The vote is set to take place in October. It needs to be passed by the Senate before it goes to Gov. John Bel Edwards' desk. The bill's main sponsor, Rep. Mary DuBuisson, asked her colleagues to delay the vote because there were still some questions to answer.
Covid
Slidell Casino Bill Gets Overwhelming House Support

Korean game bet high on social casino games for P2E foray despite clampdown

Korean game publishers are aggressive upping investments in social casino games. They bet high on legalization of P2E games even as regulators clamp down on illicit operation of such games in Korea. Netmarble took over a 100 percent stake in SpinX, the world’s No.2 social casinos game developer, for 2.5 trillion won in August. Neowiz signed an exclusive contract to use Kangwon Land's slot machine KL Saberi for five years. The game industry believes that social gambling could be a cash cow in the long term and a stepping stone for overseas expansion.
Games
Korean game bet high on social casino games for P2E foray despite clampdown

Louisiana Casino Vote Set for Saturday, Amid Heated Campaigning

Voters in St. Tammany Parish will decide on Saturday whether to approve a waterfront casino near Slidell. Peninsula Pacific Entertainment wants to build a $325 million resort northeast of New Orleans. The resort would open on Lake Pontchartrain’s north shore by November 2023.
Law
Louisiana Casino Vote Set for Saturday, Amid Heated Campaigning

Richmond Voters Reject ONE Casino In Virginia Referendum

Richmond voters rejected the construction of a $565 million casino with retail sports betting. The media group Urban One and Pacific Peninsula Entertainment spent more than $1 million in advertising to drum up support for the referendum. The project called for a casino to be built in an industrial area of the city where tobacco titan Philip Morris once operated. Virginia made it legal for five cities to have brick-and-mortar casinos last November.
Law
Richmond Voters Reject ONE Casino In Virginia Referendum

P2E Discusses Louisiana Casino and Resort Project

The company holding the license for a future $250 million casino and resort in Louisiana is interested in moving it from the northeast to the southeast part of the state. The company has started discussion with officials in St. Tammany Parish about the project.
Travel
P2E Discusses Louisiana Casino and Resort Project

P2E Given the Nod to Relocate Casino License to Slidell

Louisiana Gaming Control Board approved a resolution to transfer a Bossier City casino license to a proposed gambling establishment in St. Tammany Parish. Peninsula Pacific Entertainment will build a hotel and casino complex just outside the city of Slidell. The parish's upcoming election was originally scheduled to take place on November 13, but was postponed to December 11.
Covid
P2E Given the Nod to Relocate Casino License to Slidell

Slidell Casino to Be Named Camellia Bay Resort

The name of the proposed $325 million casino resort in Louisiana City of Slidell will be Camellia Bay. It is a reference to the city's nickname, Camella City. More than 7,000 people suggested the name. Kimberly Frady, a nurse at the Slidella Memorial Hospital Cancer Center, came up with the winning name and was presented with a $5,00 check for it.
Law
Slidell Casino to Be Named Camellia Bay Resort

New Lawsuit Seeks to Block Slidell Casino Vote

Opponents of a proposed $325 million casino in Slidell renewed their legal effort to block a St. Tammany Parish referendum on November 13. Los Angeles-based developer P2E wants to build a $ 325 million hotel and casino complex on about 50 acres of land at Interstate 10’s Exit 261 along Lake Pontchartrain. The company previously operated the now shuttered DiamondJacks Casino in Bossier City.
Law
New Lawsuit Seeks to Block Slidell Casino Vote

Parish Council Votes to Put Slidell Casino Plan on Nov. 13 Ballot

The St. Tammany Parish Council voted 8-6 to put a proposed casino in the Slidell area on the November 13 ballot. Los Angeles-based developer Peninsula Pacific Entertainment wants to build a $325 million hotel and casino complex on about 50 acres of land at Interstate 10’s Exit 261 along Lake Pontchartrain. The company holds one of the state”s 15 riverboat casino licenses. It previously operated DiamondJacks Casino in Bossier City, but permanently shuttered that facility in 2020. P2E wants the vacant license to open a casino.
Law
Parish Council Votes to Put Slidell Casino Plan on Nov. 13 Ballot

Casino developers announce an additional $75M investment for proposed Slidell casino

Peninsula Pacific Entertainment announces an additional $75 million investment for the proposed Slidell casino. St. Tammany Corporation CEO Chris Masingill said it's significant. Peninsula Pacific is also investing $35 million in a sports tourism complex. P2E has made a 50 percent guarantee to hire St Tammanians. If approved by voters, the venue would open in the first quarter of 2023.
Sports
Casino developers announce an additional $75M investment for proposed Slidell casino