On the third anniversary of Revel Casino's grand opening in Atlantic City, Judge Gloria Burns approved the sell of the bankrupt casino to a Florida developer for $82 million. This was the fifth attempt by an interested buyer to purchase the casino, including the third attempt by Glenn Straub, the
Problem gambling has many spokespeople in the international community. Most promote help hotlines and online resources to help the addict and their family. Some advocate for the limitation of gambling or the complete ban of such activities. A great deal of literature exists to help inform and counsel gamblers about
A state senator from Ohio wants to tax the free play incentives offered by the state's casinos and racinos, saying it puts the state in line with the laws in neighboring states. Penn National, which is heavily invested in the Ohio gaming industry, says the plan is "ill-conceived". State Senator
The Kentucky Wildcats enter the Final Four as big favorites to go unbeaten and win the 2015 Mens NCAA Tournament. If that happens, Las Vegas sportsbooks could have a major shortfall on their wagers. Las Vegas sportsbooks need the Wildcats to lose one of its last two games or they
On Wednesday, a hearing took place in the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations to discuss the Restoration of America's Wire Act. The RAWA is a proposed bill that would ban online gambling throughout the United States. The hearing is an instructive moment in this legislative
Las Vegas casino gambling companies did not like what they heard from Macau's top official this week, after he made public comments that indicated tough times are still ahead for the special administrative district's gaming economy. In fact, Las Vegas commentator Howard Stutz wondered on paper whether the Chinese government
The Pennsylvania legislature is preparing to give legalized online gambling a serious look in 2015. Pennsylvania has had a complex history with gambling, while online gaming legislation went down to defeat as late as 2013. Still, the state is facing a budget crisis and gambling is often seen as an
Elaine Wynn is fighting to retain her spot on the Wynn Resorts Board of Directors. Elaine, who co-founded Wynn Resorts along with her ex-husband, Steve Wynn, sent a letter to shareholders this week addressing her concerns and stating her intentions. On Monday of last week, Wynn Resorts shareholders submitted a
Kevin Levin, the man appointed by Gov. Chris Christie to oversee Atlantic City's finances for the state as the "Emergency Manager", is set to make a report to the state soon on the city's deteriorating financial situation. The report might be made public as early as this coming week. Mr.
Real-money daily fantasy sports is one step closer to being legal in Iowa after the State Senate approved a bill on Wednesday. The upper house of the Iowa legislature voted 32-16 on Senate File 166, which would legalize DFS gambling in the state. Currently, 45 U.S. states have legal and
The Borgata Casino in Atlantic City is weeks away from hosting a skill-based casino games competition. The event is seen by certain gaming analysts as a test-run for such games becoming a permanent part of the gaming floor at the Borgata. The games in question are played on slot machines,
Daily fantasy sports betting continues to go mainstream. In fact, if current negotiations produce results, one of the two major competitors in the one-day fantasy sports industry might have one of the mainstream purveyors of American pop culture on their side. At present, Boston-area startup DraftKings is in talks with
