The R&R Development Group announced it purchased the closed Atlantic Club Casino Hotel in Atlantic City. R&R plans to turn the building into an indoor water park and go-cart track. Ronald Young, the CEO of R&R Development Group, said his company plans to invest $135 million into a construction of
Preet Bharara, the U.S. Attorney at the center of the Black Friday poker scandal, was fired by the Trump Administration on Friday. U.S. Attorney General Jeff Sessions called for all forty-six of Obama Era U.S. attorneys to hand in their resignations on Friday, then told them they were being dismissed.
Tropicana Casino owner Carl Icahn is accused of violating federal lobbying rules of by a consumer advocacy group. The group, known as Public Citizen, filed a complaint to the United States Congress on Wednesday, saying Icahn violated rules by advocating a change to the federal ethanol regulations. If found to
MGM Resorts International and the University of Nevada Las Vegas (UNLV) announced a partnership today. The two are creating a think tank with the mission of finding bipartisan solutions to economic, workplace, social, and politica issues. The new group is the MGM Resorts Public Policy Institute at UNLV. Former U.S.
The Stockbridge-Munsee Tribe announced it would withhold a revenue sharing payment from the State of Wisconsin, because it believes the state violated its longstanding gaming compact. The payment to be withheld is $923,000. The withheld payments concern the Wittenberg Casino, an operation owned by the Ho-Chunk Nation. The Stockbridge-Munsee Tribe
The Oakland Raiders have received funding to replace Sheldon Adelson's role in the Las Vegas football stadium. The Raiders informed the stadium and finance commmittees of the National Football League that Bank of America plans to finance the NFL-ready stadium. It is a key announcement just weeks before the 32
MGM Resorts International is in talks with the Las Vegas Sands Corporation to buy the Sands Casino Resort Bethlethem, the highest-revenue casino in Pennsylvania. Two sources familiar with the negotiations say the talks are serious. Sands Casino officials spoke with the Pennsyvlania Gaming Control Board this last Thursday to notify
The Connecticut legislature plans to consider competing bills on a third casino for the state. Under legislation proposed on Wednesday, lawmakers will allow potential developers in addition to Foxwoods and Mohegan Sun to make pitches to the state. For over a year, plans for a third Connecticut casino in the
Carl Icahn announced on Wednesday he is selling the Trump Taj Mahal to Hard Rock International and a group of investors. Carl Icahn closed the Atlantic City casino in October 2016, in response to labor unrest. When it was opened in 1991, Donald Trump called the casino "The Eighth Wonder
The United Kingdom's Supreme Court agreed to hear an appeal in Phil Ivey's Crockford's Casino lawsuit. Phil Ivey lost in the UK's Court of Appeal in November, but he still hopes to collect £7.3 million in winnings from previous baccarat sessions at Crockford's Casino in London. Most American gambling enthusiasts
Glenn Straub is refusing to pay his part of the PILOT taxes this year, as a form of protest for his inability to attain a casino license. He claims that the taxes assessed to him should consider TEN Casino, formerly known as Revel Casino, as an "abandoned building". In a
Legislative efforts are underway in Illinois and Missouri to expand gambling. Both initiatives seek to expand the number of places which can host slot machines with new "video gambling" laws. The issues being debated are different in each of the neighboring states, but both issues call for more gambling at
