The Showboat is closing Sunday, followed by Revel on Monday and Tuesday. Trump Plaza is next, closing Sept. 16.» Read More
Aug 29- Four Atlantic City casinos are closing this year, but not all of their gamblers will return to visit eight others that have survived in the down-on-its-luck New Jersey resort. The casinos remaining open in Atlantic City are likely, however, to garner about 60 percent of the revenues that had been generated by the four closing casinos, Bumazhny said.
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.?
The Horseshoe Casino in downtown Baltimore opened its doors Tuesday night. Gambling experts say rust-belt towns like Philadelphia, Cleveland and now Baltimore have become desirable casino locations, especially as gambling destinations like Atlantic City continue to plunge into economic decline.
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.
ATLANTIC CITY, N.J.— A long-planned initiative to create bigger jackpots by linking casino slot machines in New Jersey and Nevada is up and running. The New Jersey Gaming Enforcement Division says the progressive slots system links 100 machines in Atlantic City with 600 in Nevada.
Developments about the future of gambling in New Jersey came out of Atlantic City, Trenton and the Meadowlands on Tuesday. Jim Kirkos, head of the Meadowlands Regional Chamber of Commerce, said the goal isn't to build a new Atlantic City.
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.
CARLSTADT, N.J.— Casinos, hotels, a convention center and a monorail could be on the horizon at New Jersey's Meadowlands. Jim Kirkos, head of the Meadowlands Regional Chamber of Commerce, says the goal isn't to build a new Atlantic City. There has been more talk of allowing casino gambling outside of Atlantic City recently.
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.
The recently-formed political group is funded by gambling giants MGM Resorts International, Mohegan Sun and Penn National Gaming. Campaign spokesman Stephen Eisele said two dozen volunteers canvassed in the communities of Winthrop, Bourne, Lexington, East Longmeadow and Ludlow.
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.