Atlantic City, once the biggest gambling center east of the Mississippi River, has been experiencing revenue declines for years, ever since peaking back in 2006. While the city may be struggling to take in gambling dollars, the Press of Atlantic City reported today that hotel rooms in Atlantic City are
Sheldon Adelson, the head of the Las Vegas Sands Corp. - and number eleven on the list of richest Americans - is known for making inflammatory statements, so it should come as no surprise that he continues to make them. Just last month, Adelson said he believes that the United
We have noted before that news from Atlantic City tends to typically fall into one of two categories, those being grim and grimmer. This week the Press of Atlantic City reported on yet another bit of bad news for the long struggling city - a credit downgrade by the ratings
This week voters in Milford, Massachusetts, a town of about 25,000 residents roughly 40 miles from Boston, turned out to the polls in droves to say no to a casino proposed by Foxwoods. In the weeks running up to the election, polling results were murky and even Foxwoods officials admitted
The one company that everyone has been watching in the New Jersey online gambling licensing processing has been PokerStars, and this week it became final: PokerStars will not receive licensing approval before the full-scale launch of online betting in the Garden State on November 26. The acknowledgement that licensing for
Earlier this month when the Atlantic Club Casino Hotel in Atlantic City went bankrupt, it was immediately announced that the move was in anticipation of a sale of the property at auction. Sure enough, the long-struggling Atlantic Club, which in recent years has been branded as a downmarket locals casino,
A feature piece in the Washington Post warns that Las Vegas Sands Corp. CEO and outspoken opponent of the regulation of Internet-based wagering in the United States, Sheldon Adelson, is ready to take up the fight anew and will be taking his campaign to Washington D.C. as well as working to
Gary Loveman, CEO of Caesars Entertainment and a native of the city of Boston, clearly isn't taking his company's rejection there lightly. CDC Gaming Reports ran a story this weekend noting that Loveman is still angry that Caesars was forced to back away from a plan to put a $1 billion casino
Foxwoods might be sighing a breath of relief this weekend, with news coming that its Milford, Massachusetts casino plan has moved one step closer to becoming a reality now that the company has cleared a background check performed by state gambling regulators. Meeting suitability requirements is a major step in
Though real money online betting is now legalized in three states - Delaware, New Jersey, and Nevada - not all banks are willing to process the related financial transactions, this according to a report Friday by Bloomberg. PayPal, American Express, and others denying transactions Major banks like Wells Fargo, American
This weekend is the deadline for any former Full Tilt Poker accountholders in the United States who would like to file a claim to receive remissions to do so. November 16 - this coming Saturday - marks the last day that players can submit an application to recover their funds.
With big plans to build one of his signature bronze curtain glass casinos in Philadelphia, Steve Wynn earlier this year was touting the ability of new casino development in Philadelphia as having the ability to bring back a lost standard of glitzy, luxurious urban casino resorts. That vision is apparently
