Startup costs associated with Internet gambling, and the closure of one casino in January lowered Atlantic City’s casino earnings by 8.4 percent in the first quarter of this year compared to the same period in 2013.
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A tall blue box tucked in the rear of The D casino in downtown Las Vegas could soon shake up the gambling industry. That’s the hope of Derek Stevens and Jordan Kelley, who met Wednesday as they prepared to launch the first Bitcoin ATM in a casino.
The Culinary and Bartenders Unions today called for a strike against nine Downtown Las Vegas casinos: The D, Four Queens, Binion’s, Fremont, Main Street Station, Plaza, Las Vegas Club, El Cortez and Golden Gate starting at 5 a.m. on June 1.
For years, Las Vegas took the bigger-is-better route, building expansive glassy megaresorts with 4,000 rooms apiece and seemingly endless check-in counters.
Major U.S. cities — Baltimore, Philadelphia, Detroit, Boston — have used tax dollars associated with gaming, or are considering gaming itself, as a means of economic development.
Regional casino operator Pinnacle Entertainment withdrew from consideration for one of four gaming licenses in New York, state gaming officials announced late Tuesday.
Wynn Resorts Ltd. named its head of corporate finance as the company’s chief financial officer.
Caesars Entertainment Corp. completed sale Tuesday of Harrah’s New Orleans to Caesars Growth Partners after receiving approval from the Louisiana Gaming Control Board.
New Jersey wants stricter licensing requirements for companies that handle Internet gambling deposits and payments, in the hope it would make banks more willing to let online bettors use credit cards.
Wall Street experts have seen the future of Atlantic City — and it has fewer casinos in it.