PRINCIPAL CREDITOR TO KEEP ATLANTIC CITY CASINO AFLOAT

19th December, 2014 at 03:09:45
Icahn pledges $20 million to give troubled land casino Taj Mahal yet another reprieve from closure.

Atlantic City's struggling Taj Mahal casino resort has been handed another last-minute reprieve from shuttering by principal creditor Carl Icahn, who on Thursday pledged $20 million to stave of closure in the immediate future.

Full Story: Principal Creditor To Keep Atlantic City Casino Afloat »

REMARKABLE FANTASY SPORTS PERFORMANCE

17th December, 2014 at 15:22:42
Relative newbie beats 99 other finalists to claim a $2 million prize.

The daily fantasy sports sector is giving out prizes that would be the envy of many big-money online poker sites these days âEUR‛ in the latest competition finalists partied it up in Las Vegas as two of them earned seven-figure prizes.

Full Story: Remarkable Fantasy Sports Performance »

ADELSON'S 'BOMB IRAN' REMARK HAS EXPENSIVE CONSEQUENCES

12th December, 2014 at 12:00:26
Allegedly reprisal hack costs Las Vegas Sands $40 million in data recovery and equipment expenses.

A Bloomberg business news story this week has revealed the expensive consequences of a politically-charged comment made in 2013 by land casino multi-billionaire and Las Vegas Sands owner Sheldon Adelson.

Full Story: Adelson's 'bomb Iran' Remark Has Expensive Consequences »

SCIENTIFIC GAMES WINS L.T. GAMES LITIGATION

09th December, 2014 at 01:29:43
Nevada court throws case out.

Litigation launched two years ago by Asia-based LT International against SHFL (now part of the Scientific Games group) has been dismissed by a Nevada district court.

Full Story: Scientific Games Wins L.t. Games Litigation »

NEW JERSEY TO OFFER TAX BREAK TO STRUGGLING ATLANTIC CITY CASINOS

03rd December, 2014 at 00:34:21
Legislative proposal introduced to allow a flat tax fee for two years.

It appears that the pleas for tax breaks by struggling Atlantic City land casinos...and especially the Trump Taj Mahal....have been sympathetically received by New Jersey politicians.

Full Story: New Jersey To Offer Tax Break To Struggling Atlantic City Casinos »

NEVADA GAMBLING DECLINED AGAIN IN OCTOBER

27th November, 2014 at 02:55:31
Vegas numbers down for the third month running

October 2014 numbers released by the Nevada Gaming Control Board Wednesday and seen by Online Casinos Vegas show a continuing decline compared with last year - the third consecutive month of slipping revenues.

Full Story: Nevada Gambling Declined Again In October »

CG TECHNOLOGY PARTNERS BETRADAR

26th November, 2014 at 14:51:31
To enhance In-Running wagering platform

Sports data and digital content provider Betradar will provide CG Technology (formerly Cantor Gaming) subsidiary CG Analytics with access to a comprehensive package of pre-game and live odds data following a deal announced this week.

Full Story: Cg Technology Partners Betradar »

CAN THE REVEL DEAL BE SAVED?

23rd November, 2014 at 02:34:04
Conflicting reports indicate a rescue attempt may be underway.

There have been conflicting reports in US media regarding the announcement by Brookfield Asset Management that it has been unable to satisfactorily resolve an energy debt problem over the Revel in Atlantic City and is reversing out of the $110 million acquisition agreement for the property (see previous reports).

Full Story: Can The Revel Deal Be Saved? »

NEVADA REGULATOR APPROVES BALLY - SCIENTIFIC GAMES MERGER

21st November, 2014 at 03:15:39
Unanimous approval received from commissioners.

The multi-billion dollar merger of Bally Technologies with Scientific Games has received the unanimous approval of the Nevada Gaming Commission according to a report seen by onlinecasinosvegas.com today.

Full Story: Nevada Regulator Approves Bally - Scientific Games Merger »

MGT CAPITAL IN PARTNERSHIP WITH FANWARS

20th November, 2014 at 08:28:40
Increased liquidity for MGT fantasy sports platform

MGT Capital Investments, Inc has entered into a revenue share agreement with Las Vegas-based FanWars LLC.

Full Story: Mgt Capital In Partnership With Fanwars »

MORE MISFORTUNE FOR SHUTTERED ATLANTIC CITY CASINO

20th November, 2014 at 03:37:50
Canadian buyer backs out of Revel auction deal.

The Revel land casino in Atlantic City - launched just two years ago at a cost of $2.4 billion but floored by the decline in Atlantic City fortunes and bad management decisions - is going back on the market following the withdrawal of an auction offer of just $110 million from a Canadian company.

Full Story: More Misfortune For Shuttered Atlantic City Casino »

ULTIMATE POKER FOLDS IN NEVADA

15th November, 2014 at 02:29:29
Decision to shutter pioneering online poker site follows earlier exit from New Jersey.

Station Casinos subsidiary Ultimate Gaming announced late Friday its decision to shutter the first online poker enterprise to launch on the Nevada legalised internet poker scene, Ultimate Poker.com, after just on eighteen months of operational activity

Full Story: Ultimate Poker Folds In Nevada »

TRUMP TAJ MAHAL IN ATLANTIC CITY TO CLOSE

15th November, 2014 at 02:29:29
December closure will result in further unemployment.

The troubled Trump Taj Mahal Casino Resort in Atlantic City filed court papers Friday advising a December 12 closure date - the fifth AC land casino this year to shut down.

Full Story: Trump Taj Mahal In Atlantic City To Close »

CAESARS ENTANGLED IN ALLEGED IMPROPRIETY OF F.B.I. RAID.

07th November, 2014 at 01:01:07
Interesting developments in the illegal sports betting allegations against Paul Phua and others.

The row over the questionable tactics used by FBI agents to gain entry to the luxury accommodations at Caesars Palace used by high stakes poker player Paul Phua and associates (see previous reports) took an interesting turn in a Las Vegas courtroom this week.

Full Story: Caesars Entangled In Alleged Impropriety Of F.b.i. Raid. »

C.I.E. FALLS FOUL OF NEW JERSEY REGULATOR

06th November, 2014 at 09:28:26
Fined $10,000 for marketing flaws regarding self-excluded gamblers.

Marketing flaws which saw Caesars Interactive Entertainment - the online division of Caesars Entertainment - allegedly soliciting over 250 self-excluded gamblers to its New Jersey online sites have resulted in a fine of $10,000 imposed on the company by the New Jersey Division of Gaming Enforcement.

Full Story: C.i.e. Falls Foul Of New Jersey Regulator »

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