Archive for February, 2016

Trump Family and Phil Ruffin Consider $100 Million Casino in Las Vegas

Trump Family and Phil Ruffin Consider $100 Million Casino in Las Vegas

Written by Steve Larson | Monday, February 29th, 2016

Donald Trump has not owned a casino since Trump Entertainment Resorts declared bankruptcy and was sold in 2009, but that might not be the case for too much longer. Word surfaced this past weekend that the Trump Organization is in discussions with Las Vegas billionaire Phil Ruffin on a 50/50 split on a $100 million […]

Carl Icahn Finalizes Purchase of Trump Taj Mahal from Bankruptcy

Carl Icahn Finalizes Purchase of Trump Taj Mahal from Bankruptcy

Written by Steve Larson | Saturday, February 27th, 2016

The Trump Taj Mahal is out of bankruptcy. The casino which once was the lynch pin of Donald Trump’s gambling empite now belongs to Carl Icahn, the investment billionaire. The bankruptcy process has lasted a full 16 months, since October 2014. The Trump Taj Mahal emerged from bankruptcy on Friday. Carl Icahn has been the […]

Mohegan Sun and Foxwoods Eliminate East Windsor from Their List of Potential Casino Sites

Mohegan Sun and Foxwoods Eliminate East Windsor from Their List of Potential Casino Sites

Written by Steve Larson | Wednesday, February 24th, 2016

The joint venture between Mohegan Sun and Foxwoods Casino has narrowed its list of casino sites from four to three. The city of East Windsor, a part of the Hartford metropolitan area, was eliminated in the last round. The that leaves three sites still in the running to be a part of the satellite casino […]

Indiana Lawmakers Discussing the Legalization of Daily Fantasy Sports

Indiana Lawmakers Discussing the Legalization of Daily Fantasy Sports

Written by Steve Larson | Tuesday, February 23rd, 2016

Indiana lawmakers are discussing a bill that would regulate daily fantasy sports. The latest news is the Indiana legislature wants to raise the minimum age to 21, but the real news is the law would be the first in the nation to legalize DFS gaming. Currently, the Indiana House’s Public Policy Committee is planning a […]

UK Sportsbooks See Marco Rubio and Donald Trump as Surging after South Carolina

UK Sportsbooks See Marco Rubio and Donald Trump as Surging after South Carolina

Written by Steve Larson | Monday, February 22nd, 2016

After the South Carolina Republican primary on Saturday, the odds for both Donald Trump and Sen. Marco Rubio winning the GOP nomination for president have lowered. In the case of Senator Rubio, his odds have decreased by a whopping 40%. Prior to Saturday, Sen. Marco Rubio was listed as a +200 underdog to win the […]

New Jersey Lawmakers Release Details on North Jersey Casino Referendum

New Jersey Lawmakers Release Details on North Jersey Casino Referendum

Written by Steve Larson | Friday, February 19th, 2016

New Jersey lawmakers released details of a statewide referendum on two North Jersey casinos. The referendum is set for the November 2016 election night on November 8. The location of the casinos is still in doubt. The proposal indicates details about the casinos. The casinos must be at least 70 miles away from Atlantic City. […]

Sen. Harry Reid Encourages Nevada Workers Union to Organize Voters for Caucuses

Sen. Harry Reid Encourages Nevada Workers Union to Organize Voters for Caucuses

Written by Steve Larson | Thursday, February 18th, 2016

Senator Harry Reid of Nevada wants the state’s most powerful union to assure tens of thousands of casino workers take part fo the upcoming Democratic caucuses on Saturday. The caucus system is a method of voting which requires a high level of commitment from voters. To get that level of commitment, political organizations need to […]

Ted Olson Argues for New Jersey Sports Betting before Third Circuit Court of Appeals

Ted Olson Argues for New Jersey Sports Betting before Third Circuit Court of Appeals

Written by Steve Larson | Wednesday, February 17th, 2016

Most media reports about Wednesday’s “en banc” court hearing before the Third Circuit Court of Appeals stated New Jersey received a harsh line of questioning. The consensus among the assembled media was New Jersey faces an uphill battle in striking down the PASPA law and legalizing sports betting across the United States. New Jersey would […]

Former Cleveland Browns Player Alleged to Have Use Charity Money for Gambling Payments

Former Cleveland Browns Player Alleged to Have Use Charity Money for Gambling Payments

Written by Steve Larson | Tuesday, February 16th, 2016

Former Cleveland Browns wide receiver Reggie Rucker has been charged in a U.S. District Court for using charity donations to pay gambling debts and other expenses. According to a filing by a U.S. Attorney, Reggie Rucker used money from his charity to pay gambling debts, make mortgage payments, and pay for meals. The court has […]

Tax Increase on Promotional Casino Credit Could Cost Sands Bethlehem $12 Million

Tax Increase on Promotional Casino Credit Could Cost Sands Bethlehem $12 Million

Written by Steve Larson | Monday, February 15th, 2016

A proposed tax on promotional credits in the State of Pennsylvania could be cost the Bethlehem Sands Casino millions of dollars a year. The Sands Casino is the most aggressive user of promotional credits of all Pennsylvania casinos. One of the reasons Sands Casino attracts so many out-of-state gamblers is their use of free slot […]