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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Casinos & Gaming
BOSTON — Massachusetts gambling regulators said Wednesday they will hold off on awarding the lone Boston-area casino license this week to give Wynn Resorts and Mohegan Sun time to respond to requirements the state wants to impose on the winning bidder.
ATLANTIC CITY, N.J. — Atlantic City’s Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.
ATLANTIC CITY, N.J. — New Jersey casino regulators on Wednesday let MGM Resorts back into the Atlantic City casino market
WILMINGTON, Del. — A Delaware bankruptcy judge is allowing a company that owns two Atlantic City casinos to continue operations. For now.
The Claridge is the past and the future of the Boardwalk. The 1920s-era hotel was once the toast of Atlantic City, sitting at the famous intersection of Boardwalk and Park Place.
WILMINGTON, Del. — Trump Entertainment Resorts, the company founded by Donald Trump, has filed for bankruptcy, putting a fifth Atlantic City casino in danger of closing if it fails to negotiate concessions with union members.
New Jersey Gov. Chris Christie said Monday the much-predicted obituary of the Boardwalk’s gaming market is far from accurate, despite the closing of one-quarter of the city’s casinos this year.
Trump Entertainment Resorts Inc., the casino company founded by Donald Trump, will file for bankruptcy again, according to people with knowledge of the situation, putting a fifth New Jersey casino in danger of closure.
BOSTON — A state gambling regulator has given Mohegan Sun’s proposed casino in Revere higher marks in design and layout than Wynn’s rival plan in Everett.
Gov. Chris Christie’s administration issued a directive Monday allowing the state’s casinos and racetracks to offer sports betting, a move likely to be challenged in court by sports leagues.
Slot machine maker Multimedia Games is being acquired by Global Cash Access Holdings Inc., for $1.2 billion, the companies announced Monday.
In the days leading up to the SLS Las Vegas opening, Sam Nazarian’s phone was ringing off the hook. Nazarian, 39, the visionary behind the SLS, quickly learned he had support from the competition for the $415 million renovation of the Rat Pack-era Sahara.
BOISE, Idaho — A federal on Friday ordered a halt to Texas hold ‘em tournaments at the Coeur d’Alene Casino, saying the games are not among those allowed by state law.
Railroad Pass is being acquired by Henderson-based commercial real estate developer Joe DeSimone through his company, First Federal Realty, from MGM Resorts International.
ATLANTIC CITY — A Florida company that develops restaurant and entertainment complexes is interested in the former Showboat in Atlantic City.
ATLANTIC CITY — Two Trump casinos in Atlantic City are in turmoil as the closing of Trump Plaza nears.
Golden Gaming will add a fifth brand to its Nevada tavern business by purchasing four Irish pub-themed locations in Southern Nevada.
The 90-year-old owner of the Searchlight Nugget has agreed to give up her license for the small casino after state gaming agents found numerous irregularities in the operation and accounting for the property’s 50 slot machines.
ATLANTIC CITY — Carrying identification documents and bitterness over their sudden joblessness, hundreds of ex-casino workers began filing for unemployment Wednesday morning, the first attendees at an assistance center that expects to process 5,000 newly laid-off workers over the next three days.
The opening of the Showboat Atlantic City 27 years ago carried the hoopla of a Las Vegas celebration. But on Sunday, the Showboat closed with considerably less fanfare.
Macau gaming revenue nose-dived for the third consecutive month in August, sending fears on Wall Street that the declines in the world’s largest gaming market could continue into 2015.
MGM Resorts International completed the summer-long $80 million renovation of The Hotel, an 1,100-room nongaming property on the south Strip attached to Mandalay Bay. The property is now called Delano Las Vegas.