Penn National Gaming Inc. has decided to withdraw its bid to build a $480 million casino in Philadelphia. The decision leaves four potential licensees for the casino process in South Philadelphia. As the name implies, Penn National Gaming is a Pennsylvania-based gaming company. This makes the announcement a particular disappointment,
Caesars Entertainment will appeal a federal judge's decision to dismiss its lawsuit against the top Massachusetts regulator, according to a notice filed with a U.S. District Court this week. Last year, Caesars Entertainment sued Massachusetts Gaming Commission Chairman Stephen Crosby. The Las Vegas based gaming company claimed Crosby violated the
Both chambers of the New Jersey legislature voted overwhelmingly on Thursday to legalize sports betting at casinos and race tracks in the state. The legislation is a defies a U.S. Supreme Court, which Monday declined to see a case which might have overthrown a 22 year old federal sports betting
Harrah's Resort Casino and the Golden Nugget Casino were fined a total of $66,000 by the New Jersey Division of Gaming Enforcement this week. The bulk of the fines were given to Harrah's for several infractions. The biggest fine was given for allowing underage gambling and drinking. The Golden Nugget's
The U.S. Supreme Court declined today to hear a challenge of the existing federal sports betting laws. The challenge had been brought by the state of New Jersey. Speculation had centered for months on whether the Supreme Court would hear the case, with several Democratic politicians in New Jersey criticizing
Resorts Casino Hotel signed a deal with European gaming software firms Sportech and NYX Gaming to join the online gambling niche in New Jersey. The two new partners are expected to work with PokerStars and Full Tilt Poker to provide world class support for the Resort Casino Online. Details remain
A bill which would legalize online poker in Pennsylvania was introduced to the legislature yesterday. State Senators Edwin Erickson (R) and Bob Mensch (R) co-sponsored the bill. The new law would make online poker sites, if they obtained a license from the state. Several obstacles to licensing would exist, though
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,
