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  • New Jersey approves Resorts casino for Internet gambling Wednesday, 25 Feb 2015 | 6:46 PM ET

    ATLANTIC CITY, N.J.— New Jersey's fledgling Internet gambling market got a new player Wednesday as Atlantic City's Resorts Casino Hotel got the go-ahead to conduct Internet gambling in the state. "Real-time feedback will be an important aspect of our beta period as we further enhance the gaming content and features to produce the best casino experience in New...

  • LONDON, Feb 25- Labor unions and a charity accused fast food chain McDonald's of avoiding around 1 billion euros in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on the European Commission to investigate. Corporate tax avoidance has become a hot political issue in Europe and the EU executive has opened investigations into...

  • Uber partners with Starwood, giving hotel points for rides Wednesday, 25 Feb 2015 | 12:02 AM ET

    NEW YORK— Uber is partnering with hotel chain Starwood to give riders a bit more incentive to choose the ride-hailing service over a taxi. Free hotel nights start at 3,000 points for the lowest tier of hotels, like the Four Points by Sheraton Tucson Airport in Arizona, and can be as high as 35,000 points a night for properties like the St. Regis Princeville Resort in...

  • Kona Grill reports 4Q loss Tuesday, 24 Feb 2015 | 5:33 PM ET

    SCOTTSDALE, Ariz. _ Kona Grill Inc. on Tuesday reported a loss of $916,000 in its fourth quarter. For the current quarter ending in March, Kona Grill said it expects revenue in the range of $33 million. Kona Grill shares have risen 15 percent since the beginning of the year.

  • Bravo Brio beats Street 4Q forecasts Tuesday, 24 Feb 2015 | 5:31 PM ET

    COLUMBUS, Ohio _ Bravo Brio Restaurant Group Inc. on Tuesday reported fourth-quarter net income of $3.8 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Analysts expected $103.5 million, according to Zacks.

  • NEW YORK, Feb 24- The shuttered Revel Casino Hotel in Atlantic City, New Jersey, again has a buyer- and again it's Florida developer Glenn Straub, who was lured back by a discounted price of $82 million. New Jersey's governor, Chris Christie, recently appointed an emergency manager to reinvigorate the city's finances and appointed Kevyn Orr, who put Detroit into...

  • Atlantic City's Revel casino sells for just $82M Tuesday, 24 Feb 2015 | 5:02 PM ET
    The now-closed Revel Casino in Atlantic City, New Jersey.

    A deal to sell Atlantic City's former Revel Casino Hotel to a Florida developer has been resurrected, albeit for a lower price.

  • NEW YORK, Feb 24- The shuttered Revel Casino Hotel in Atlantic City has struck an amended $82 million deal with Florida developer Glenn Straub's Polo North, according to a statement by its parent company. Polo North has increased its $10 million deposit to the full $82 million purchase price, the statement said. Last month, a U.S. bankruptcy judge approved the sale...

  • ATLANTIC CITY, N.J.— A Florida developer agreed to buy Atlantic City's former Revel Casino Hotel for $82 million on Tuesday, a week after a bankruptcy judge declared his former deal to buy it at a higher price dead. Glenn Straub's new contract gives him a discount from the $95.4 million his Polo North Country Club would have had to pay under the deal killed by the...

  • Brazil unions sue McDonald's, try to block new stores Tuesday, 24 Feb 2015 | 2:36 PM ET

    SAO PAULO— Brazilian labor unions are suing McDonald's and its local franchisee Arcos Dourados for allegedly violating labor laws for at least 30 years. The suit filed Monday in Brasilia also seeks to prevent McDonald's from opening new stores until it complies with legislation and asks that it be slapped with penalties of up to 30 percent of its revenue in...

  • Feb 24- Domino's Pizza Inc on Tuesday reported quarterly profit that fell short of Wall Street's estimate, as higher costs took some of the shine off better-than-expected sales at established restaurants. While companies such as McDonald's Corp have warned that minimum wage increases and other labor-related costs would squeeze profits in 2015, Domino's...

  • Sotherly Hotels reports 4Q results Tuesday, 24 Feb 2015 | 11:58 AM ET

    WILLIAMSBURG, Va. _ Sotherly Hotels Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The Williamsburg, Virginia- based real estate investment trust said it had funds from operations of $2 million, or 15 cents per share, in the period. Sotherly Hotels expects full-year funds from operations in the range of $1.20 to $1.28 per share, with...

  • Cracker Barrel posts 2Q profit Tuesday, 24 Feb 2015 | 11:58 AM ET

    LEBANON, Tenn. _ Cracker Barrel Old Country Store Inc. on Tuesday reported fiscal second-quarter profit of $47.2 million. Cracker Barrel expects full-year earnings in the range of $6.40 to $6.50 per share, with revenue in the range of $2.8 billion to $2.85 billion. Keywords: Cracker Barrel Old Country Store, Earnings Report.

  • ALBANY, N.Y.— Restaurant servers, hotel housekeepers and other tipped workers in New York will soon make $7.50 an hour before tips, a big raise for thousands of workers and a significant increase in labor costs for business owners. Currently, servers in New York make $5 per hour, compared to a minimum wage of $8.75. The old pair has holes; a significant problem in the...

  • Strong U.S. demand boosts Domino's revenue Tuesday, 24 Feb 2015 | 7:43 AM ET

    Feb 24- Domino's Pizza Inc's quarterly revenue jumped 14 percent, helped by strong demand in the United States and an increase in prices for ingredients it sells to franchisees. The second-largest U.S. pizza chain by store count said on Tuesday net income rose 7 percent to $48 million, or 85 cents per share, in the fourth quarter ended Dec. 28. Sales at rival Pizza Hut,...

  • Strategic Hotels & Resorts reports 4Q results Monday, 23 Feb 2015 | 5:13 PM ET

    CHICAGO _ Strategic Hotels& Resorts Inc. on Monday reported a key measure of profitability in its fourth quarter. The Chicago- based real estate investment trust said it had funds from operations of $44.2 million, or 17 cents per share, in the period. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 17 cents...

  • Darden Restaurants names Eugene Lee as CEO Monday, 23 Feb 2015 | 8:25 AM ET

    Feb 23- Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

  • Choice Hotels tops Street 4Q forecasts Friday, 20 Feb 2015 | 9:24 AM ET

    ROCKVILLE, Md. _ Choice Hotels International Inc. on Friday reported fourth-quarter profit of $25.3 million. Choice Hotels expects full-year earnings to be $2.14 to $2.21 per share. Choice Hotels shares have risen 11 percent since the beginning of the year.

  • Ahead of the Bell: Noodles & Co. Friday, 20 Feb 2015 | 9:10 AM ET

    NEW YORK— Shares of Noodles& Co. tumbled in premarket trading Friday as the restaurant operator said that its 2015 adjusted profit will now likely come in at the low end of its previous range. For 2015, Noodles& Co. said that it now anticipates adjusted earnings per share growth of about 20 percent. Analysts surveyed by Zacks Investment Research predicted a...

  • Will the Waldorf become NYC's hot new address? Thursday, 19 Feb 2015 | 11:52 PM ET

    All those pining after childhood stories of "the tippy-top floor" of New York's Plaza Hotel might soon get to recreate it a few blocks away at the Waldorf.