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.
Casinos & Gaming
For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com.
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.
ATLANTIC CITY — Atlantic City’s newest casino — and its biggest, costliest flop — went out with barely a whimper.
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.
The online gaming community believes PokerStars’ planned entrance into New Jersey’s Internet wagering market in October is the fuel needed to kick-start the state’s stagnant gambling activity into overdrive.
ATLANTIC CITY — A Wall Street firm predicted Friday that much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they’re gone.
Nevada gaming revenue increased less than 1 percent in July, ending fears the market might be off after a June in which the state’s casino industry reported its largest monthly spike of the year.
Slot machine manufacturer Bally Technologies increased its overall revenue in the fourth quarter and fiscal year, much of which was attributed to the company’s purchase of a rival gaming equipment provider last year.
ATLANTIC CITY — The owner of the Showboat says the property will definitely shut down on Sunday.
Las Vegas-based Cobalt Data Centers has been designated by state gaming regulators as the registered hosting center for the state’s casino industry.
Activist investors believe the real estate underneath casinos owned by Pinnacle Entertainment and Boyd Gaming Corp. is key to unlocking hidden value within the Las Vegas-based regional gaming operators.
BALTIMORE — Baltimore celebrated the opening of the city’s first casino as crowds lined the block and packed into the parking garage, eager to try their luck.
ATLANTIC CITY — Caesars Entertainment is showing the soon-to-close Showboat to “an interested party,” but won’t say who it is.