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
With a pivotal decision on New Jersey sports gambling set for this week, now seemed to be a good time to look back on the state's pivotal role in the federal legislation they seek to defeat this week. It is also time to look back at a missed opportunity which
The Payment in Lieu of Taxes or "PILOT" Plan for Atlantic City casinos is set to be voted on by the New Jersey legislature in the next few days. The bill is the latest attempt by the state government of New Jersey to bolster the Atlantic City gaming industry. Senate
March Madness office pools are more popular than ever these days, despite experts agreeing that the gambling activity is illegal. Occasionally, an elected official or sports coach admits to doing an office pool, which brings their ethics into question. Despite that, the practice is so widespread that March Madness bracket
With tax season upon us, gamblers who had a good 2014 have to consider how to report their winnings. Most of us don't have that problem, but those who do might soon have new forms to fill out. Some of the tax options might make filing a return simpler for
Darren Phua has pleaded guilty in a case centered around an illegal World Cup betting ring. Darren Phua is the son of gambling mogul Paul Phua Wei Sang, who is accused of the same crimes. When Darren Phua's lawyer was asked why the 23-year old pleaded guilty to the charges,
A new player has entered the drama surrounding Revel Casino's bankruptcy: Izek Shomof. Mr. Shomof is a Los Angeles-based real estate developer who entered an 11th-hour bid to purchase Atlantic City's Revel Casino Hotel. Judge Gloria Burns called for a one-week delays in the sale of Revel Casino to Glenn
In another startling turn of events, advisors to Revel AC, the owners of the Revel Casino Hotel, failed to gain approval for an agreement to sell the casino resort for $82 million. Judge Gloria Burns told the owners of the hotel property to look for a better price. Judge Burns'
