New York and Atlantic City Casinos Brace for Increased Competition

With profits continuing to drop in Atlantic City, another blow will come in 2016 in the form of three New York casinos. New Jersey may look to expand gaming...

Published January 5, 2015

Atlantic City Gets Tax Relief, Help For Neighborhoods

Atlantic City has struck a deal with Wells Fargo to sell a major tax lien on the closed Revel casino, the city’s mayor said. The $32 million lien did...

Published January 5, 2015

Caesars To File for Bankruptcy

The main subsidiary of Caesars Entertainment will file for bankruptcy in mid-January, the company declared last week after several high-ranking Caesars Entertainment bondholders walked out on negotiations to restructure...

Published December 22, 2014

Trump Taj Mahal Stays Open But Its Problems Aren’t Solved

Billionaire Carl Icahn (l.) had reportedly reached a deal with Atlantic City’s biggest casino workers union that would save the resort’s bankrupt Trump Taj Mahal, but hours later the...

Published December 22, 2014

MGM Resorts, Perini Reach Settlement Over Construction Defect in Vegas

After 15 months of settlement talks, a deal has been reached between MGM Resorts and Perini Building Company. While more than $400 million in damage claims were sought, the...

Published December 22, 2014

Nightclub Wars: Hakkasan Buys Light Group

Hakkasan has extended its brand with a $36 million purchase last week, gobbling up the majority of the Light Group. The $36 million was enough for 90 percent of...

Published December 22, 2014

Long Island Gets Head Start on New York Casinos

Long before three commercial casino resorts open in upstate New York, new slot parlors will debut in Nassau and Suffolk counties. The gaming halls are being developed by two...

Published December 22, 2014

Atlantic City Casino Tax Plan Advances Then Stalls

A New Jersey Assembly panel approved a series of bills designed to stabilize casino taxes in Atlantic City. The move comes as a compromise was reached with Golden Nugget...

Published December 22, 2014

Texan’s Golden Nugget Showing Big Profits Early

Hundreds of thousands of Texans each year take the trip over the Calcasieu River Bridge and fork out millions to gamble in Louisiana. Houston Billionaire Tilman Fertitta (l.) saw...

Published December 22, 2014

Vegas Hits the Jackpot with 40 Million Visitors

For several years, Southern Nevada has been this-close to an impressive benchmark: 40 million annual visitors. In mid-December, just two weeks before the New Year, Las Vegas and environs...

Published December 22, 2014

New England FBI Blasts Casino Industry

Comments by the FBI agent in charge of most of New England saying that expanded gaming in Massachusetts may lead to more corruption has prompted criticism from the gaming...

Published December 22, 2014

Another Plea for Northern New Jersey Casinos

New Jersey State Senator Raymond Lesniak, who is usually at the forefront of gaming issues in the Garden Sate, penned an editorial calling for expanding casinos outside of Atlantic...

Published December 22, 2014

Ohio Casino May Add Slots on Outdoor Smoking Deck

Ohio’s smokers won’t have to feel so lonely at the Hollywood Casino Toledo, which has applied to allow slot machines at its outdoor smoking patio.

Published December 22, 2014

Sinatra-Connected Nevada Casino to Reopen in 2015

The Cal Neva casino, once owned by the legendary Frank Sinatra, but closed since last year, will reopen next year on Sinatra’s 100th birthday, owners announced last week.

Published December 22, 2014

Revel Auction Appeal Dismissed

A bankruptcy judge has dismissed an appeal by a Florida-based developer challenging the sale of Atlantic City’s Revel casino as moot since the winning bidder withdrew from the sale....

Published December 22, 2014

Las Vegas Council Votes 4-3 for MLS Stadium

The issue effectively split Las Vegas City Council, but a controversial soccer arena proposed for Symphony Park in the city’s Downtown has been approved. In a 4-3 vote last...

Published December 22, 2014

South Dakota Officials Weigh Gaming Expansion

South Dakota might expand its table games option in July, while the state's Lottery Commission works to gain support for expanded video lottery services. State voters in November approved...

Published December 22, 2014

Atlantic City Has Disappointing Tax Lien Sale

Atlantic City was only able to draw bids for about half of the $53 million in casino tax liens it put up for auction. The city had hoped to...

Published December 22, 2014

Icahn: Union Concession Due by Monday or Taj Will Close

Potential Taj Mahal owner Carl Icahn (l.) has drawn a line in the sand for the city’s culinary union to accede to his demand. The casino has set December...

Published December 15, 2014

Judge to Rule on Caesars Lawsuit

A Delaware judge said he will rule soon on a lawsuit brought against Caesars Entertainment by second-lien creditors, after Caesars moved to have the case dismissed. The operator is...

Published December 15, 2014