Atlantic City's Revel Casino Hotel filed its second bankruptcy in a little over a year on Thursday. Now, the troubled casino is searching for a buyer. The Revel Casino went through Chapter 11 bankruptcy in March 2013, but the move did not stabilize the company's financial situation. Reuters reported a
The recent closing of Harrah's Casino is a sign of tough times for Tunica County, Mississippi. The owners of the casino, Caesars Entertainment Corporation, believed the operation made too little money for the trouble it was to operate. An outsider might see the closing as simply indicative of the troubles
A Fairleigh Dickenson University PublicMind poll released Monday shows that most New Jerseyans would prefer to gamble in Atlantic City, instead of possible new destinations in the state of New York. The poll showed that 57% of New Jersey residents would prefer to stay in-state when gambling, as opposed to
John Molinella, Bergan County prosecutor, says 29 people were arrested on June 12 for operating a major multi-state sports betting ring. The prosecutor says the betting ring ranged over parts of New York and northern New Jersey. The prosecutor also mentioned that the alleged ringleaders are ex-convicts in their 70's.
News is still fresh that Canadian gaming software company Amaya Gaming Group is set to buy the parent company of PokerStars. As rumors swirl of a record $4.7 billion buyout, Amaya Gaming shares are receiving a major bump. The company announced the deal will be final on September 30, 2014,
The Massachusetts Gaming Commission approved an $800 million plan for an MGM casino in downtown Springfield. This is the first full casino license in Massachusetts history, though a slots parlor has been approved for the racecourse at Plainsville. The gaming commission had a two-day review of the plan, then voted
Racetrack owners across Texas are hoping to get the approval of state regulators to include racing terminals at their venues. So-called "racing terminals" have an appearance not unlike slot machines. Inside them, previous races are shown, though the races have enough visual clues removed that the betters cannot know which
Melco Crown Entertainment Ltd. stocks had a significant drop after Wells Fargo & Co. and Deutsche Bank AG lowered estimates for Macua revenue growth. The American depositary of Melco fell 5.7% on such news. Shares now trade at $30.71, the lowest since September 12. The ADRs traded 4.7% lower in
The past week at the World Series of Poker saw the tournament's momentum pick up. Seven tournaments finished up in as many days, with several others still in progres. The biggest news of Week 2 of the WSOP was the completion of the Millionaire Maker Event and the results of
A dispute has formed over whether Caesars Entertainment helped author an anti-online gambling bill which would ban all Internet gaming besides, poker. Nevada Senator Dean Heller wants to introduce a bill that would ban all forms of online gaming, except iPoker. Nevada political analyst Jon Ralston recently reported that the
U.S. authorities are looking into whether Las Vegas high stakes gambler William "Billy" Walters' million dollar gaming debts have any bearing on his insider trading. The golf club and real estate executive is known as a Las Vegas high roller, but little is known of his personal finances. Thanks to
A Pennsylvania Senate panel is considering the benefits of online gambling, according to the Post-Gazette Harrisburg Bureau. If the panel decides to approve such a plan, a bill might reach the Senate floor later in 2014. The legislators hired a Philadelphia firm, Econsult Solutions, to analyze and report on the
