The city’s oldest hotel-casino — the first U.S. gaming hall ever licensed outside of Nevada — was in disrepair. The aging resort was bleeding money. Management of the 1920s-era art deco building was troubled. Customers were fleeing to other Boardwalk properties.
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New Jersey Division of Gaming Enforcement Director David Rebuck had one fear in restoring MGM Resorts International’s gaming license for its 50 percent interest in the Borgata, a take it and run deal.
Ultimate Gaming, one of just two companies operating in both the Nevada and New Jersey Internet wagering markets, said Friday it was ending its agreement with the Trump Taj Mahal in Atlantic City after less than a year.
Regional casino operator Penn National Gaming named CEO Tim Wilmott to the company’s board of directors Friday.
In its first year, WSOP.com has dealt more than 15 million hands of cash poker, and more than $363 million has been wagered. The website also has operated 14,564 tournaments in Nevada.
HONG KONG — A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he’s building in the global gambling capital of Macau.
MASHANTUCKET, Conn. — The chief executive officer of the Foxwoods Resort Casino is stepping down at the end of the next month.
BOSTON — Wynn Resorts and Massachusetts gambling regulators on Wednesday finalized a license for a proposed $1.6 billion resort casino across from Boston, but the casino company says it’s not yet prepared to campaign against a looming threat: November’s ballot question to repeal the state’s casino law.
Four years ago, Multimedia Games was all but kaput. Six months later, the company changed direction and last week, Las Vegas-based Global Cash Access agreed to pay $1.2 billion for Multimedia Games.
JACKSON, Miss. — The owner of Biloxi’s Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property.
The Klondike Sunset in Henderson is changing hands eight months after its owner died, and it may be about a year before its doors are reopened.
Boyd Gaming Corp. said Tuesday chief operating officer Paul Chakmak was leaving the casino company.
ATLANTIC CITY — Trump Plaza closed its doors early Tuesday, the fourth Atlantic City casino to go belly-up so far this year.
Wynn Resorts has bested Mohegan Sun for the lucrative Boston-area casino license, based largely on the strength of its $1.6 billion project’s economic development potential.
CAMDEN, N.J. — A bankruptcy court judge on Monday approved a Sept. 24 auction for the failed $2.4 billion Revel in Atlantic City after a Florida developer offered $90 million cash for the closed building.
NEW YORK — Do you leave a tip in your hotel room for the maid? Marriott is launching a program with Maria Shriver to put envelopes in hotel rooms to encourage tipping.
BOSTON — Wynn Resorts appears to have a strong advantage over Mohegan Sun in the fierce competition for the Boston-area casino license, even as the Las Vegas gambling giant pushes back against some requirements state regulators are seeking to impose if it is to win the license.
Station Casinos has joined MGM in signing on with the myVegas social gaming site.
The outlook for U.S. slot machine industry continues to be bleak. Analysts said this month the replacement market — in which slot machine manufacturers sell casinos newer games to change out older products — has fallen from previous estimates.
ATLANTIC CITY — Don Guardian won election as mayor of this seaside city last year by telling voters that fixing a government budget crisis requires a three-year-to-four-year plan.
ATLANTIC CITY — Caesars Entertainment Corp. said Friday it would begin discussions with its senior bondholders in efforts to restructure the largest portions of the company’s gaming industry-high $24.2 billion debt.
The Gaming Control Board has approved an application by the owners of Paragon Gaming to receive a percentage of gaming revenue generated at the Riviera, where the company took over operations last year.
ATLANTIC CITY — Struggling U.S. gaming markets must broaden their appeal or prepare to for the same fate as this troubled seaside community, New Jersey’s top gaming regular said Tuesday.
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