ATLANTIC CITY — Some of the hottest action in Atlantic City involves closed casinos in bankruptcy court, where Donald Trump is trying to recoup rent he paid on a driveway and the city is fighting to collect more than $50 million in unpaid taxes.
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Casinos & Gaming
Nevada’s virtual monopoly on legalized sports wagering could be in danger. But that isn’t necessarily bad for business.
MASHANTUCKET, Conn. — The tribe that owns and operates the Foxwoods Resort Casino has announced a new chief executive officer.
Caesars Interactive Entertainment named a new general manager Tuesday to oversee the company’s regulated online gaming business in Nevada and New Jersey.
Analysts at Fitch Ratings Service Tuesday joined the chorus of cautionary investment advice toward the Macau gaming market, which has seen five straight monthly revenue declines and facing a sixth in November.
BOSTON — Millions of dollars in gambling money will begin flowing into local government coffers in earnest now that the state’s casino law survived an Election Day repeal effort.
PHILADELPHIA — The Philadelphia-area gambling market is set to get competitive now that state regulators voted Tuesday to award a license to Live! Hotel & Casino, a joint venture of two Eastern seaboard casino operators to be built in South Philadelphia’s stadium district.
BOSTON — MGM Resorts International has paid Massachusetts a required $85 million gambling licensing fee for its $800 million Springfield resort casino on Monday, state gambling regulators announced.
Stratosphere parent American Casino & Entertainment Properties reversed third-quarter net loss and grew revenue 4.1 percent, the company said.
ATLANTIC CITY — A Morris County woman has won New Jersey’s largest Internet gambling jackpot, a $1.3 million payout from an online slots game.
Boyd Gaming Corp. plans to revamp its restaurant offerings throughout its locals-oriented properties.
It looks like an innocuous request — Caesars Entertainment asking Clark County to expand the Strip’s Gaming Enterprise District to include a 38-acre parking lot behind The Linq. But the request has generated more than 50 emails from irate residents.
The past 10 years covering gaming nationally and internationally have been nothing short of a theme park thrill ride that Disney’s greatest designers couldn’t conjure. Las Vegas hit an apex in 2007, only to be brought low by recession. The market is slowly recovering.
Ultimate Gaming, the nation’s first legal and regulated real money online wagering website, said Friday it was ending its Nevada-based operation, citing a lack of profitability from the 19-month-old business.
ATLANTIC CITY — Trump Entertainment Resorts said Thursday it will close the Taj Mahal on Dec. 12 if its main union doesn’t drop an appeal of a court-ordered savings package.
Casino giant Caesars Entertainment Corp., attempted to clarify planned cost-saving measures Thursday, saying it will reduce its 68,000-person workforce nationwide by less than 1 percent.
Affinity Gaming saw its operating income and cash flow slip in the third quarter because of what the casino operator termed as “unusual” corporate expenses over the three-month period.
Caesars Entertainment Corp. expects to create an extra $250 million to $300 million in cash flow in 2015 through various cost-savings measures. Much of the cash flow increase could come through cost savings, such as layoffs and other measures.
Station Casinos grew revenue and cash flow in the third quarter but reported a net loss due to interest expenses.
American Gaming Association CEO Geoff Freeman would like to believe the trade group had at least a small role when Massachusetts residents overwhelmingly voiced support for casinos by a 60-40 margin. He’s probably correct.
Wall Street analysts have all but written off Caesars Entertainment Corp. until the casino operator straightens out its balance sheet.
Las Vegas-based Union Gaming Group has expanded it research division, adding three analysts.
MILAN — Italian gaming company GTECH confirmed a full year target for core profit on Monday, but it warned about 2014 sales as its revenues from U.S. operations were below expectations in the July-September period.