Stockton University | World Casino News

Slow post-lockdown recovery for Atlantic City casinos

November 27, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, New Jersey

After being shut for 108 days to July 2 owing to the coronavirus pandemic and the nine casinos in Atlantic City have now reportedly posted an aggregated third-quarter gross operating profit that is down by some...

The Atlantic Cub Casino Hotel sale falls through

Adam Morgan

September 28, 2018

Casino Sales, Latest Casino and Gambling News, Casino News, Casino closures, Mergers, Acquisitions & Partnerships, New Jersey

In New Jersey, the deal that was to have seen Stockton University purchase the 20-acre site that was once home to The Atlantic Club Casino Hotel has reportedly fallen through with no desired purchase price ever...

Deal to purchase closed Atlantic Club Casino Hotel approved

Adam Morgan

August 10, 2018

Casino Sales, Latest Casino and Gambling News, Casino closures, Mergers, Acquisitions & Partnerships, New Jersey

In New Jersey, the board of trustees for Stockton University has reportedly approved a deal that would see the public college purchase the 20-acre site that was once home to The Atlantic Club Casino Hotel in ho...

Atlantic City casinos post disappointing first-quarter results

Adam Morgan

May 24, 2018

Latest Casino and Gambling News, Economy/Finance, New Jersey

After experiencing a lucrative 2017 thanks to a 22.5% increase year-on-year in aggregated annual gross operating profit to over $723.2 million, the next twelve months could prove disappointing for the seven lar...

Appeals court rules against Straub in former Showboat casino claim

Sadonna Price

March 12, 2017

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, New Jersey

Glenn Straub has been fighting two battles in Atlantic City, both concerning two former casinos. Straub currently owns the former Revel Casino and has been trying to reopen the venue under a new brand known as ...

Stockton AC study suggests ways to attract millennials

Sadonna Price

September 4, 2016

Latest Casino and Gambling News, New Jersey

Gambling operators in Atlantic City are trying to determine how to attract millennials to gaming venues as this category of individuals do not seem as interested in table games and slots like older generations....

Atlantic City’s Showboat Casino to reopen in July as non-gambling hotel

Sadonna Price

June 4, 2016

Latest Casino and Gambling News, Casino project updates, New Jersey

Bart Blatstein, a developer from Philadelphia, is the owner of the former Showboat Casino, which closed back in 2014. Atlantic City lost four casinos that year, with the Showboat remaining shuttered since that ...

Experts urge New Jersey Lawmakers to use caution when considering gaming expansion

Sadonna Price

January 31, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, New Jersey

1

State lawmakers of New Jersey are pushing to expand gaming in the state to be approved outside the Atlantic City area. Atlantic City is floundering and lawmakers feel that expanding into the northern portion of...

Former Showboat casino in Atlantic City’s sale finalized by Stockton University

K Morrison

January 17, 2016

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Casino project updates, Mergers, Acquisitions & Partnerships, New Jersey

The drama that has enveloped Stockton University since the December 13, 2014 purchase of the shuttered Showboat Atlantic City hotel and casino for $18 million, seems to have finally come to an end. The Universi...

Deed restrictions on ex-Showboat casino teeter on bill

K Morrison

December 9, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Casino project updates, Licenses, Fines, Lawsuits & Litigation, New Jersey

A bill that would remove restrictions on how the former Showboat casino in Atlantic City can be used was passed by the state Senate on Monday in a 32-3 vote. If successful, the bill would lift present and fu...

Former Stockton president exits sans golden parachute

K Morrison

December 4, 2015

Latest Casino and Gambling News, Casino News, Gaming Industry News, New Jersey

No lucrative exit deal is in the cards for a southern New Jersey university’s former president who failed in his attempts to transform a shutdown Atlantic casino into a satellite campus. On Wednesday a separ...

Stockton University reveals buyer identity and makes new agreement for sale of former Showboat casino

Renee Kingsley

November 10, 2015

U.S.A., New Hotels, Casino closures, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

Stockton University has been trying for a number of months to sell the former Showboat casino in Atlantic City after the university realized in retrospect that it had made a bad decision in purchasing this casi...

Nearly $8 million spent on Showboat Casino by Stockton U

K Morrison

October 14, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Mergers, Acquisitions & Partnerships, Bankruptcy, Fines, Lawsuits & Litigation, New Jersey

Since the purchase of the now retired Showboat Casino in Atlantic City, Stockton University has doled out close to $8 million on the property in just short of a year according to records. After the due dilig...

Stockton University approves sale of Showboat; buyer identity remains a mystery

Sadonna Price

September 17, 2015

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, New Jersey

On Wednesday, Stockton University decided to approve the sale of the Showboat, a former casino of Atlantic City, which was not a quality purchase of the educational institution. The University decided to purcha...

Stockton University could soon have buyer for Showboat property

K Morrison

September 1, 2015

Latest Casino and Gambling News, Licenses, Fines, Lawsuits & Litigation, New Jersey

Monday marked the one-year anniversary of the closing of the Showboat casino in Atlantic City, and owner Stockton University said its weighing “several” options of expressed interest and hopes a sale is forthco...