Mayor Don Guardian told the owners of the Trump Taj Mahal that he cannot agree to massive tax breaks for the struggling casino. Guardian's decision is in response to a suggestion by a group pledged to offer $100 million to turn around the struggling casino. Had Atlantic City offered significant
New Jersey lawmakers are trying to head-off another legal confrontation with the major sports leagues by offering them a fee on sports bets. The move by State Senator Jim Whelan and State Assemblyman Vincent Mazzeo is a hope that the NFL, NBA, MLB, and NHL won't join in a new
Announced plans for a New Jersey mobile game launch by a frequent partner of Betfair is a hint that the West London gaming company may be planning to remain in the New Jersey market. Betfair future in New Jersey has been in some doubt after its original partner, Trump Plaza,
Forty-eight people were cited in a raid on a VFW outpost in Chattanooga. When the police arrived, they found 48 people whom they suspected of gambling. Everyone suspected of illegal activity was ticketed for a misdemeanor. Investigators spoke with WTVC NewsChannel 9, but remained anonymous in order to protect an
An auction will be held this Wednesday, because multiple bidders have emerged in the Revel Casino bankruptcy case. It had been reported that the judge in the case would approve a sale of the Revel Casino to Florida businessman Glenn Straub for $90 million. Stuart Moskovitz, the attorney for Glenn
Glenn Straub, who placed a $90 million bid in bankruptcy court on Revel Casino, said he plans to place an educational center on the land next to the old casino site. Straub is the head of a Florida property development group which previously said it makes communities better. When news
A company owned by the man who also owns Delaware Park has been delinquent on taxes, says the Delaware Division of Revenue. Bill Rickman, the owner of Delaware Park, is one of several gaming officials asking Delaware legislators for financial help, so the problem with the back taxes could become
Morgan Stanley released a report this week which suggests the online gambling industry in the United States might hit $5.2 billion by the year 2020. Morgan Stanley's numbers stipulate that 20 U.S. states would have to legalize the activity by that time. Presently, only three states have legal and licensed
It was announced earlier this week that Wynn Resorts would win the Boston casino license, instead of Mohegan Sun. In the wake of that announcement, the owners of Suffolk Downs announced yesterday they would close the Boston racetrack. The two announcements were tied directly to one another. Mohegan Sun and
A Delaware sports better would have gained $100,000 if the Indianapolis Colts beat the Philadelphia Eagles on Monday Night Football this week. The Colts vaulted to a 17-6 halftime lead, but lost 30-27 in the waning moments as the Eagles mounted a comeback. It was an all-or-nothing bet, so the
Roman Catholic bishops in Massachusetts are calling for citizens to vote in favor of repeal in the November ballet issue. Several of the state's Catholic leaders have said that the gambling industry would threaten local businesses, while bringing a litany of social ills. The Catholic clergy who have joined to
A state panel in Delaware soon will convene to determine what the state legislature can do to help the struggling gambling industry. Earlier this year, Delaware's lawmakers approved a $10 million bailout for the state's three casinos and racetracks. Political leaders at the time hoped the package would be enough
