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Fitch 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
Read MoreTsogo Sun Ramps Up Efforts To Shift Casino License to Cape Town
Two casinos in South Africa, Tsogo Sun and Sun International are battling hard to secure the rights to open an additional casino near the city of Cape Town. Sun International currently holds a monopoly in the region with its successful
Read MoreWynn Unveils Plans To Build A Water Paradise In Las Vegas
Casino tycoon and billionaire Steve Wynn has come up with yet another unusual idea. This time around it involves a small lake with a beach and an island with twin peaks. This is Wynn’s latest proposal to entertain Las Vegas
Read MoreSheldon Adelson Proposes Las Vegas Move To The Oakland Raiders
A new group of investors made up of primarily prominent African-American business leaders and NFL players have approached the Oakland Raiders team and Oakland city with a proposal to build a new stadium in Las Vegas which would keep the
Read MoreIowa Supreme Court Ends Argosy Casino Dispute With IRGC
A recent ruling by Iowa’s Supreme Court laid to rest a long-standing battle between an Argosy Sioux City riverboat casino and the Iowa Racing and Gaming Commission (IRGC), which is the state’s gambling regulator. The floating casino Belle of Sioux
Read MoreFlorida Economists Unsure Of Gambling Amendment Impact
Economists in the state of Florida have said that at this point in time they are unable to assess the exact financial impact of a proposed constitutional amendment that will make statewide voting necessary for approving casino gambling. The economists
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