Non-Gaming Revenues Keeps ACEP Above Water

In the quarter that ended June 30, nongaming revenue was the driver of positive results for American Casino & Entertainment Properties, parent company of the Stratosphere (l.) and Arizona...

Published August 25, 2014

U.S. Cracks Down on Money Laundering

The United States is pressing global banks to scrutinize transactions from casino customers. Bankers aren’t too happy with the new responsibility. The tougher stance was sparked by cases like...

Published August 25, 2014

Iowa Candidates Disagree On Licensing

Republican Iowa Governor Terry Branstad (l.) recently stated he supports the Iowa Racing and Gaming Commission's decision to not issue new casino licenses for three years, to prevent cannibalization....

Published August 25, 2014

Crown Deal Boosts Strip Values

If a rising tide lifts all boats, the sale of property where the New Frontier once stood could bode well for all the property on that end of the...

Published August 25, 2014

Cosmo in Growth Mode

The multibillion-dollar resort Cosmopolitan, which has never turned a profit since it opened in 2010, now seems to be heading in the right direction. In the second quarter, Cosmo...

Published August 25, 2014

Racism Charges Dog Cordish in NY

New York gaming commissioners could consider allegations of racism made against the Cordish Companies at its properties elsewhere around the U.S. Among other things, the company has been accused...

Published August 25, 2014

Rensselaer One-Ups Greenbush in Casino Bid

First, the city of Greenbush, New York offered $7 million to Albany in exchange for its support of a casino in the community. Then the community of Rensselaer sweetened...

Published August 25, 2014

AC Plans More Big Concerts

Atlantic City’s casino revenues are flagging, but still throws a heck of a concert. Mayor Don Guardian and the Casino Reinvestment Development Authority are working with Live Nation to...

Published August 25, 2014

Communities Differ On Video Gambling

Illinois communities take different approaches to video gambling, which has been legal since 2011. Rockford aldermen are considering how to control the proliferation of businesses with video gambling. In...

Published August 25, 2014

Mountaineer Will Cut Races, Purses

Mountaineer Racetrack's request to reduce the number of nightly live races in December was rejected by the West Virginia Racing Commission. Instead, Mountaineer has dropped live races from nine...

Published August 25, 2014

Internet Cafés Continue to Bedevil Two States

Ohio law enforcement is playing a game of whack-a-mole to shut down various skill game and internet café locations in the state. And authorities in the San Gabriel Valley...

Published August 25, 2014

Caesars Cuts Deal With Senior Bondholders

Caesars Entertainment Corporation has completed a deal with bondholders to buy back notes to cut its indebtedness by $548.4 million. Caesars still will owe more than $21 billion. CEO...

Published August 18, 2014

Mass Gaming Commission Removes Boston’s ‘Surrounding Community’ Status

The gamesmanship levels between Boston’s Mayor Martin J. Walsh and the Massachusetts Gaming Commission ratcheted up another notch last week as the commission removed the “surrounding community” status it...

Published August 18, 2014

Then There Were 16

A New York casino developer asked for too many concessions from the state’s casino siting board. Florida Acquisition Corp., which hoped to develop a property in Montgomery County, has...

Published August 18, 2014

MGM Resorts Looks to Re-enter Atlantic City

MGM Resorts International could resume its partnership with Boyd Gaming in Atlantic City’s Borgata Hotel Casino & Spa (l.) if approved by state regulators. The company was forced to...

Published August 18, 2014

Las Vegas Casino May Cost Crown Resorts Dearly

Crown Resorts Ltd.’s planned casino resort in Las Vegas could cost $4 billion, according to multiple reports. Add that to several other developments in the company’s pipeline, and it...

Published August 18, 2014

Isle—Now Golden Nugget—Celebrates 22 Years

The former Isle of Capri Casino in Biloxi was the first casino in Mississippi and the Southeast (l.), opening on August 1, 1992 with a blast of the steam...

Published August 18, 2014

Lesniak Responds to Christie Sports Betting Veto

State Senator Raymond Lesniak (l.), the principal sponsor of a bill to allow sports betting in New Jersey says he’s shocked that the bill was vetoed by Governor Chris...

Published August 18, 2014

Syncora Seeks Pre-Trial Deal With Detroit

The bankruptcy trial for the largest municipal bankruptcy in U.S. history will start August 21 in Detroit. Major creditor Syncora, which claims $400 million of Detroit's $18 billion debt,...

Published August 18, 2014

Foxwoods “Edge-sorting” Case Involves Ivey Partner

Another “edge-sorting” alleged cheating case is scheduled to go to court—this time in Connecticut—and features Phil Ivey's alleged partner in a high-profile case in New Jersey. Cheng Yin Sung...

Published August 18, 2014