ATLANTIC CITY, N.J.— A Rutgers University Center will study the impact of Internet gambling in New Jersey. The Center for Gambling Studies at the Rutgers University School of Social Work has been awarded nearly $1.3 million to study online betting in New Jersey, which began 11 months ago. "New Jersey is one of only three states where Internet gambling is legal," said...» Read More
Atlantic City hotel and casino Revel will shut its doors next week. As casinos continue to shut down, what's the future hold for A.C.?
As Sin City faces a shifting economic landscape, SLS Las Vegas is opening as the Strip's first major new casino hotel in five years.
The SLS Las Vegas is opening its doors tonight. CNBC's Jane Wells reports the 1,600 room hotel casino is catering to millennials and young hipsters who prefer clubbing to gambling.
An investigation is underway after an armored car services company told the casino it had lost $21,000, according to The Press of Atlantic City.
With four casinos shutting down in Atlantic City by October, New Jersey is suddenly awash in plans for, well, more casinos. The NYT reports.
Atlantic City's Revel Casino Hotel is still seeking bidders in bankruptcy court.
Aug 18- Atlantic City's Revel Casino Hotel is still seeking bidders in bankruptcy court, but its ability to find a buyer will improve once it closes and stops "bleeding money," its attorney said at a hearing on Monday. The hotel is scheduled to close after guests leave on Sept. 1, with gambling operations to cease at 5 p.m. the next day.
Christie and New Jersey Democrats have said Atlantic City's economy, heavily dependent on casinos, needs to be broadened.
Aug 13- New Jersey Governor Chris Christie said on Wednesday he would convene a bipartisan summit in September to seek ways to rescue Atlantic City from a slump in its mainstay casino business. Atlantic City has struggled with casino closures as neighboring states have lured gamblers away.
Most states don't allow gambling on sporting events, but some argue it's time to change that to bring in revenue and regulation.
Should sports gambling be legal outside the state of Nevada? Bill Pascrell III, Princeton Affairs Group, and Scott Spreitzer, Pregame.com sports betting expert, provide perspective.
CNBC's Morgan Brennan reports what some are saying about the next casino to potentially close.
Revel's auction had already been postponed one week to allow for more time to review bids, court filings indicated.
HONG KONG, Aug 7- Hong Kong shares finished near two-week lows on Thursday, weighed down by an underperforming Macau gambling sector which was hurt by disappointing July revenue. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong was off 0.9 percent.
HONG KONG, Aug 7- China shares slid on Thursday as the country's large banks and oil firms extended a retreat from recent highs, while a weaker Macau gambling sector hurt by disappointing revenues weighed on Hong Kong markets. The Hang Seng Index and the China Enterprises Index of the top Chinese listings in Hong Kong each slipped 0.5 percent.
Donald Trump has a message for the two Atlantic City casinos that bear his name, five years after he gave up running them: You're fired.
Yearlings are one-year-old horses bred from champions but not yet trained, and they are sold at Fasig-Tipton's Saratoga Sale. CNBC's Morgan Brennan reports owners say the key to investing in thoroughbreds is scale.
Slot machine maker Scientific Games Corp will buy larger rival Bally Technologies Inc in a $3.27 billion deal, the latest in a consolidating U.S. gaming industry. The deal, which was put together in just over three weeks, will strengthen Scientific Games' casino management systems and table gaming products as well as help it expand in Australasia.
Aug 1- Scientific Games Corp, a maker of slot machines for casinos, will buy larger rival Bally Technologies Inc for about $3.27 billion to expand its electronic and table games and online lottery businesses. The deal- valued at $5.1 billion, including debt- will also help Scientific Games expand in Australia, New Zealand, and the Pacific islands.
CNBC's Morgan Brennan reports what led to Atlantic City's downgrade by Moody's.