ADELSON ATTEMPTS TO BLOCK FURTHER NEVADA ONLINE GAMBLING COMPACTS

23rd April, 2015 at 09:02:09
New bill wants to restrict any further Nevada pool-sharing deals to online poker only.

In a move that is being seen as billionaire land casino tycoon Sheldon Adelson's bid to hedge his bets, Nevada politicians have pushed through a bill restricting to online poker only any Nevada player-sharing deals with other states.

Full Story: Adelson Attempts To Block Further Nevada Online Gambling Compacts »

RESORTS (AC) NEW ONLINE GAMING LOUNGE PROVES POPULAR (Update)

17th April, 2015 at 09:19:14
Management merges online and in-person gambling.

The sixth Atlantic City casino to introduce online gambling, Resorts Casino Hotel (see previous reports) has taken a further step in merging in-person and online gaming by launching its Internet Gaming Lounge Thursday.

Full Story: Resorts (ac) New Online Gaming Lounge Proves Popular (update) »

NEW JERSEY BUREAUCRACY AND STRAUB CLASH OVER REVEL (Update)

16th April, 2015 at 09:51:48
Florida developer says he's about ready to walk away from extensive casino development plans.

Just when many thought the Revel saga in Atlantic City was over with its sale to Florida deveoper Glenn Straub (see previous reports) it was back in the headlines again this week as Straub clashed with the state bureaucracy and threatened to halt his development plans for Atlantic City.

Full Story: New Jersey Bureaucracy And Straub Clash Over Revel (update) »

'MESSENGER BETTING' BILL STILL LIVE IN NEVADA SENATE

08th April, 2015 at 08:15:06
Hearing last week considered the implications of permitting persons outside the state to use Nevada sports betting facilities.

Ensuring the safety of US sports bettors is the claimed motivation behind HB 443, a bill submitted earlier this year in Nevada which seeks to legalise so-called "messenger betting" by punters outside the borders of Nevada, a practice currently regarded as unlawful in the state.

Full Story: 'messenger Betting' Bill Still Live In Nevada Senate »

GTECH COMPLETES IGT ACQUISITION (Update)

07th April, 2015 at 15:28:09
Renamed International Game Technology PLC

GTECH confirmed the completion of its cross-border merger with International Game Technology PLC (IGT) followed immediately by the acquisition of the U.S.-based IGT effective today (Tuesday).

Full Story: Gtech Completes Igt Acquisition (update) »

BACCARAT SLOWDOWN IMPACTS VEGAS FEBRUARY REVENUES.

01st April, 2015 at 07:25:27
Nevada casino revenue back in negative territory with 1 percent decline in Febnruary.

The latest numbers from the Nevada regulator show that at $916 million gaming revenues were back in negative territory in February, declining 1 percent compared to the same period last year, and down nearly 4 percent from the preceding month figure.

Full Story: Baccarat Slowdown Impacts Vegas February Revenues. »

VETERAN NEVADA SENATOR CALLS IT A DAY

27th March, 2015 at 20:34:37
Harry Reid says he will not stand for reelection in 2016.

Veteran Democratic Party Nevada Senator Harry Reed, a central figure in many legislative debates and developments regarding online gambling over the years, has announced that he will not seek reelection in 2016.

Full Story: Veteran Nevada Senator Calls It A Day »

SHARED ONLINE PLAYER POOLS LAUNCHED IN NEVADA AND DELAWARE

25th March, 2015 at 08:38:19
Player-sharing agreement between US states becomes a reality.

The US states of Nevada and Delaware began sharing their players in an historic online poker development Tuesday after months of interstate negotiations on the project.

Full Story: Shared Online Player Pools Launched In Nevada And Delaware »

NEW NEVADA BILL CONFINES INTERSTATE COMPACTS TO ONLINE POKER

22nd March, 2015 at 07:50:38
Nevada bill AB 414 currently in the state's House Judiciary Committee.

Unconfirmed reports from usually reliable sources like Nevada gambling journalist Jon Ralston have suggested that land casino billionaire and anti-online gambling crusader Sheldon Adelson is the behind-the-scenes driver of a new Nevada political proposal that seeks to restrict any state player-sharing agreement with other states to online poker only.

Full Story: New Nevada Bill Confines Interstate Compacts To Online Poker »

AMERICANS WILL SPLASH OUT $9 BILLION ON MARCH MADNESS THIS YEAR

17th March, 2015 at 09:54:09
And most of those bets on the National Collegiate Athletic Association's basketball tournament will be illegal.

Americans will bet more than $9 billion on the National Collegiate Athletic Association's basketball tournament this year, but the vast majority of those bets will be illegal, reports the publication Pennlive, quoting American Gaming Association figures.

Full Story: Americans Will Splash Out $9 Billion On March Madness This Year »

PARTIES IN REVEL DISPUTE ARE BACK AT THE NEGOTIATING TABLE (Update)

16th March, 2015 at 07:43:39
Judge Burns postpones today's hearing.

The Atlantic City bankruptcy court hearing scheduled for today (Monday) on the sale of the Revel complex has been postponed indefinitely.

Full Story: Parties In Revel Dispute Are Back At The Negotiating Table (update) »

THIRD REVEL SALE DERAILED (Update)

14th March, 2015 at 08:47:04
Bankruptcy court judge refuses to authorise sale to Florida developer.

Atlantic City bankruptcy court Judge Gloria Burns finally decided Friday not to approve the sale of the Revel building to Florida property developer Glenn Straub, despite his being the firmest offer on the table at present, and his commitment of a deposit and escrow funds worth a total of $82 million for the sale (see previous reports).

Full Story: Third Revel Sale Derailed (update) »

FEWER CASINOS, BUT REVENUES STILL DROP IN ATLANTIC CITY

13th March, 2015 at 09:31:04
February stats show a 14.8 percent decline y-o-y.

The latest official numbers from Atlantic City show that despite there being only eight land casinos left in the market, revenues continued to decline in February and were down overall by 14.8 percent compared to the same period last year.

Full Story: Fewer Casinos, But Revenues Still Drop In Atlantic City »

ICAHN GAINS CONTROL OF ATLANTIC CITY CASINO (Update)

13th March, 2015 at 09:31:04
Bankruptcy court approves the Chapter 11 reorganisation plan for Trump Entertainment Resorts.

Billionaire US investor Carl Icahn has achieved control of Atlantic City land operation Trump Taj Mahal following the approval of a Chapter 11 bankruptcy plan for Trump Entertainment Resorts by a Delaware bankruptcy court this week.

Full Story: Icahn Gains Control Of Atlantic City Casino (update) »

LAS VEGAS SANDS WINS I.P. COURT CASE

05th March, 2015 at 07:03:11
But can a US court force compliance?

The major US land gambling group Las Vegas Sands, owned by multi-billionaire Sheldon Adelson, has successfully concluded another intellectual property case to protect its trademark and brand intellectual property.

Full Story: Las Vegas Sands Wins I.p. Court Case »

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