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
Monmouth Park in Oceanport has agreed to a 45-day moratorium on sports betting, says its own, Dennis Drazin. The decision delays a likely legal showdown with the NFL and other top American sports leagues until late in October. When Governor Chris Christie announced on Monday that the Division of Gaming
Governor Chris Christie's administration has instructed Atlantic City casinos and New Jersey racetracks they can take sports bets on their own initiative. The state will not license the sportsbooks, but it appears the governor's administration will do nothing to prosecute betting operations at licensed facilities, either. The Christie administration hinted
The Showboat Casino closed on the last day of August, but two different property management companies are considering buying the property. One of the potential buyers would not use the old casino and hotel as gaming properties, while the other potential owner intends on building a smaller casino. Atlantic City
Both of the Atlantic City casinos bearing Donald Trump's name are in turmoil, though both continue to seek to stay in business one way or the other. Trump Plaza is set to close its doors on September 16, but the operators would like to keep the online gaming portal active
