State takeover of Atlantic City finances proposed by Governor Chris Christie Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceBankruptcyNew Jersey January 27, 2016 0Atlantic City has been struggling for some time now, with four casinos closing in 2014 and officials of the state...
Steve Wynn spends $31.8m on additional Wynn Resorts shares Alex Lanter Latest Casino and Gambling NewsWorld Casino NewsEconomy/FinanceNevada January 25, 2016 0According to a last week’s filing to the US Securities and Exchange Commission, Steve Wynn paid over $31.8 million in...
Station Casinos’ proposed initial public offering approved by regulators Kim M Latest Casino and Gambling NewsCasino NewsNorth America Casino NewsGaming Industry NewsEconomy/FinanceMergers, Acquisitions & PartnershipsNevada January 24, 2016 0Station Casinos’ plan to go public again has received final approval from Nevada regulators. The initial public offering plan of...
Normandie Casino pays $2.3m for BSA violations Sadonna Price Latest Casino and Gambling NewsCaliforniaEconomy/FinanceCrimeFines, Lawsuits & Litigation January 24, 2016 0The Normandie Casino of California has been under investigation by the federal authorities due to high rolling players having the...
French casinos post first growth in seven years Sadonna Price Latest Casino and Gambling NewsGaming Law & LegislationEconomy/FinanceFrance January 23, 2016 0Cities of France could be adding casinos as the area has seen the best revenues in seven years. The municipal...
Best year since 2008 for Gulf Coast casinos Kim M Latest Casino and Gambling NewsCasino NewsNorth America Casino NewsGaming Industry NewsEconomy/FinanceMississippi January 22, 2016 0You’d have to go back all the way to 2008, before the national recession hit the Coast, to find a...
Atlantic City casino aid package rejected again by Christie Kim M Latest Casino and Gambling NewsCasino NewsNorth America Casino NewsGaming Industry NewsEconomy/FinanceBankruptcyNew Jersey January 20, 2016 0A financial assistance package considered essential to help stabilize Atlantic City’s struggling casino market has once again been rejected via...
Two-year losing streak snapped as Pennsylvania casinos set revenue record in 2015 Kim M Latest Casino and Gambling NewsTribal GamingCasino NewsNorth America Casino NewsGaming Industry NewsEconomy/FinanceFinancial Press ReleasesPennsylvania January 18, 2016 0Record revenue in 2015 was reported by Pennsylvania casinos, reversing two consecutive years of declines. Gross revenue from table game...
MGM Resorts decides to charge for parking Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceNevada January 18, 2016 1One of the major freebies in Las Vegas that patrons are grateful for is parking. Along with free cocktails, parking...
Spending cuts—but not bankruptcy—eyed for Atlantic City Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceEmployment & CareersLabor RelationsNew Jersey January 17, 2016 0Bob McDevitt is the President of the Local 54 of Unite-HERE, a union heavily involved in the Atlantic City casino...
Macau junket association and government officials finally hold meeting to discuss gaming regulations in 2016 Renee Kingsley Gaming Law & LegislationChinaMoney LaunderingEconomy/FinanceAsian Casino NewsMacau January 15, 2016 0Macau’s junket operators have not been given a lot of attention by the media during 2014 and 2015, as the...
Atlantic City following Detroit into fiscal demise? State could take over city Sadonna Price Latest Casino and Gambling NewsGaming Law & LegislationCasino proposalsEconomy/FinanceBankruptcyNew Jersey January 15, 2016 0It has been close to five years that efforts to right the listing boat of Atlantic City have gone without...
Cambodia’s gaming tax revenues increase by 35 percent in 2015 Renee Kingsley Gaming Law & LegislationCambodiaChinaEconomy/FinanceLicensesAsian Casino NewsTaxation January 15, 2016 0Cambodia’s government went out of its way to welcome gambling providers into the country during the past few years and...
Atlantic City casino revenue down 47% since 2006, NJ online up 21% in 2015 Lars Jones Latest Casino and Gambling NewsCasino NewsEconomy/FinanceLicensed online casinos in USANew Jersey January 14, 2016 0Although most of the surviving casinos in Atlantic City, New Jersey are on the mend and posting profits, the long...
Puerto Rican government still embroiled in video lottery terminal battle Sadonna Price Latest Casino and Gambling NewsGaming Law & LegislationEconomy/FinanceFines, Lawsuits & LitigationPuerto Rico January 14, 2016 0The Puerto Rican Association of Hotels and Tourism filed a case against the Department of Treasury in July last year,...