Glenn Straub Refuses To Apply For Casino License For Revel Casino
Glenn Straub, the new owner of the failed Revel casino in Atlantic City has said that he will not reopen the casino if the New Jersey state gambling regulators insist on him acquiring a new casino license. Straub who is
Read MoreLVS Looks For Opportunities To Set Up Casino In South Korea
Las Vegas Sands Corp has renewed its efforts to set up a casino in South Korea. Local media reports have said that key executives from the Sands Corp have been visiting numerous locations in the port city of Busan to
Read MorePublic Campaign Opposing North Jersey Casino Expansion Kicks Off
In a fresh attempt to challenge the benefits of extending casinos beyond Atlantic City, a business coalition group has decided to launch a campaign to influence public opinion against the proposal in the upcoming referendum. Named ‘No North Jersey Casinos’
Read MoreMGM Resorts Continues Pressure On Connecticut Airport Authority
The Freedom of Information Commission in Connecticut is hearing the second complaint filed by MGM Resorts with respect to the Connecticut Airport Authority’s practice of moving all discussions related to its bid to host a casino into an executive session.
Read MoreNew Study Questions Impact of Casino Legislation In Georgia
A report backed by a business coalition group in Atlanta has revealed that while the plan to introduce four new casinos in the state of Georgia would generate hundreds of millions in tax revenue, it is unclear how much of
Read MoreFitch Ratings Identifies Atlantic City Casinos Vulnerable To Closure
The Trump Taj Mahal casino has been named as one among the four casinos that is in danger of closing down if the casino expansion plan in the state of New Jersey gets approved. Fitch Ratings, a credit ratings agency
Read MoreU.S Lawmakers Raise Concerns About Caesars’s REIT Plan
A number of U.S. Congress members have written to Treasury Secretary Jacob Lew to express their opposition to the move by Caesars Entertainment Corp to create a trust comprising its hotels and resorts which would enable it to secure significant
Read MoreMGM Resorts Takes Over Full Control Of Borgata Casino
Boyd Gaming has announced that it is selling its 50 percent stake in Atlantic City’s Borgata Hotel casino to MGM Resorts International which holds the remaining 50 percent. The sale deal will result in Boyd Gaming receiving $900 million and
Read MoreNew Investors To Revive Las Vegas’s Moulin Rouge Casino
Yet another attempt at revitalizing the historic Moulin Rouge Casino located in West Las Vegas is underway after nearly 60 years of failed efforts. The casino had completely shut down in 2009 after suffering enormous losses in a major fire.
Read MoreNJ Casino Expansion Subject To Competition From New York Casinos
Gaming analysts recently met and debated the future of Atlantic City’s casino industry at the recently concluded East Coast Gaming Congress and iGaming Institute conference. Analysts discussed in detail the new proposal to create two new casinos in North Jersey
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