Casinos Host NASCAR Awards and Hooters on the Chopping Block

by Jack Prophet | Dec 1 2011

| | |

Hooters Casino and Resort to be Auctioned Off
Plunging necklines could not prevent plunging profits and the mammary themed casino resort announced this week that the property will be put up for auction in the near future. Despite over a year of savage legal battles with main creditor Canpartners Capital, the ownership group of Hooters has waved the white flag. Much like in the game of online Blackjack it was time for them to hit the "Surrender" button.

Play and win at Bodog's state of the art online casino! Enjoy the best in online slots and table games like Caribbean Stud and Baccarat from the comfort of your home.

Part of the challenge to a recapitalization bid for the beleaguered casino is that Canpartners had been pushing for a sale of assets. The venture capital group based in Los Angeles stand to make a healthy profit having paid only .22 cents on the dollar for 178 million of Hooters 185 million dollars of total debt. The hotel and casino has been appraised as having a current value of 80 million dollars and should get it despite tough times in Sin City.

In case you are now panicked that your favourite Hooters will be closing up shop in your hometown have no fear. The company that owns "The delightfully Tacky, yet Unrefined" chain of eateries is not the same group that owns the hotel and the name was simply part of a licensing deal. The "real" Hooters will no doubt continue to serve mediocre food and watered down eroticism for years to come.

Wynn Casino to Host NASCAR Awards Banquet
The thunder of NASCAR is making a casino pit stop this week for the annual Championship Week. The event, which has been held in Las Vegas for the last three years after being moved from New York City (really?), promises to have a roulette wheel of events to make everyone happy. Most of the week will be devoted to fans getting to meet with drivers and tour stalls and booths for each of the racing teams.

The week-long event will be capped off with a banquet at the Wynn casino hosted by the versatile and talented Reba McEntire. There the Spring Chase Cup will be officially awarded to this year's winner Tony Stewart. Attendees will then be treated to the crooning of Kid Rock at the after party which ironically enough will be held at the Hard Rock Casino and Resort. No word on Tony Stewart's casino game of choice but we bet it is Lucky Wheel.

New Casino Site Approved by Vancouver Council Days after Election
It what could certainly be viewed as sending mixed messages, the newly elected Vancouver city council under two-time Mayor Gregor Robertson approved a new location for the downtown Edgewater Casino. The casino is owned by Paragon Gaming of Las Vegas which has been aggressively lobbying for a new location and expanded gaming space to include 600 more slot machines.

To date Mayor Robertson has steadfastly opposed a further expansion of gaming at Edgewater without further review. However this week's decision to allow the Edgewater to move to a nearby location and build a new casino and adjoining hotel seems to signal that expanded gaming might just be a matter of time. Mayor Robertson continues to maintain that although permission for the move has been given, no further gaming expansion will take place while he is in office. Only time will tell!

Play now at Bodog's online casino. All the casino action you could want and more 24/7!