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
Absolute Poker founder Scott Tom returned to the United States this week to face charges stemming from the Black Friday scandal of April 15, 2011. Scott Tom is the second person indicted by the US Justice Department in the Black Friday scandal to have faced a judge in the past
Executives for Connecticut's two tribal casinos, Foxwoods and Mohegan Sun, said an announcement about the location of a third casino is only days away. The announcement comes after a year of planning and negotiations. During a legislative hearing on the issue, Kevin Brown, chairman of the Mohegan Tribal Council, said
The Powerball jackpot on Wednesday, February 22 will be the 10th-largest in the multistate lottery's history. The jackpot for the Wednesday night drawing now sits at $403 million. Five of the ten biggest Powerball jackpots have happened since the beginning of 2016. That is no coincidence. In October 2015, the
The state of New Jersey and Borgata Casino in Atlantic City have agreed to a settlement in a longstanding tax dispute. To end the dispute, New Jersey agreed to pay Borgata $72 million. It was not New Jersey which owed the money to Atlantic City's most successful brick-and-mortar casino. It
Vegas Stats & Information Network (VSiN) is ready to launch as the first multi-channel sports betting network in the United States. Longtime ABC, ESPN, and CBS sportscaster Brent Musburger has been hired for VSiN Network coverage. The VSiN television studio is located in the sportsbook of the South Point in
Earlier this month, it was announced that Sheldon Adelson reneged on an agreement to pay $650 million into the proposed $1.9 billion domed stadium planned for Las Vegas. Subsequent reports suggest that Adelson's decision is final. The loss of funding puts the Oakland Raiders' move to Las Vegas in jeopardy.
[caption id="attachment_7222" align="alignright" width="250"] Over 70 former patients claim Abilify caused them to engage in problem gambling behavior.[/caption] Former Abilify users have filed hundreds of lawsuits against its prescription drug manufacturers, Bristol-Myers Squibb and Otsuka Pharmaceuticals, claiming the anti-psychotic drugs causes compulsive behavior. In some cases, some users of the
Richard Corcoran, Florida's new Speaker of the House as of late-2016, is planning a lawsuit against International Game Technology over the state's Florida Lottery contract. According to Corcoran's filing, the Florida Lottery overstepped its authority by making a deal which required the legislature to spend more money. The Florida House
