ATLANTIC CITY, N.J.— The lawyer for a Florida developer who has offered $90 million for the former Revel Casino Hotel in Atlantic City says multiple offers have been received for it, and an auction will be held Wednesday.» Read More
POUGHKEEPSIE, N.Y.— Catskill region residents who see casinos as an economic lifeline and local opponents sounded off Tuesday before the panel that will decide where new upstate New York casinos will be located.
BOSTON— The first television advertisement in the campaign to preserve the state's developing casino industry was unveiled Tuesday by MGM Resorts and its supporters in Springfield, the economically struggling western Massachusetts city where it is planning an $800 million resort.
The Coalition to Protect Massachusetts Jobs spent $702,000 from Sept. 1-15, according to the group's most recent campaign finance filing. The Coalition to Protect Massachusetts Jobs is financed largely by Penn National Gaming, which won the state's lone slot parlor license and is building a $225 million development at the harness racing track in Plainville.
COLONIE, N.Y.— Supporters and critics of proposals for an Albany area casino weighed in Monday at the first of three days of public hearings on casinos planned for upstate New York. Monday's hearing at an Albany area hotel focused on four bids for a Capital Region casino.
ATLANTIC CITY, N.J.— New Jersey's fledgling Internet gambling market lost its first provider Friday when Ultimate Gaming accused its partner, the Trump Taj Mahal Casino Resort, of multiple contract breaches and said it is pulling out of New Jersey.
MASHANTUCKET, Conn.— Foxwoods CEO Scott Butera, a key figure in the restructuring of the casino's $2 billion debt, is stepping down at the end of next month to pursue an opportunity outside the gaming industry, the tribe that owns the casino announced Wednesday.
BOSTON— Wynn Resorts and Massachusetts gambling regulators finalized the license Wednesday for a $1.6 billion casino outside Boston. Wynn brings a track record of success in competitive gambling jurisdictions, including Las Vegas and Asia, said James McHugh, acting commissioner of the Massachusetts Gaming Commission.
BOSTON— Wynn Resorts has bested Mohegan Sun for the lucrative Boston- area casino license, based largely on the strength of its $1.6 billion project's economic development potential.
Wells Fargo released a bearish report on Macau as revenues fell for the third consecutive month, reports CNBC's Morgan Brennan.
Donald Trump on Tuesday took to social media to say he's considering buying back into bankrupt casinos Trump Plaza and Trump Taj Mahal.
The casino crisis continues in Atlantic City, reports "Squawk Box's" Becky Quick.
A fourth Atlantic City casino is going out of business.
Here are the names that Pimco's Mark Kiesel believes are the best investment opportunities right now.
CAMDEN, N.J.— A bankruptcy court judge on Monday approved a Sept. 24 auction for the failed $2.4 billion Revel Casino Hotel in Atlantic City after a Florida developer offered $90 million cash for the closed building. Judge Gloria M. Burns approved the auction date along with a $3 million breakup fee that Straub would be paid if the sale to him doesn't go through.
Sept 15- The bankrupt Revel casino hotel in Atlantic City will go to auction on Sept. 24, a judge ruled on Monday, after the only bidder clashed with creditors who wanted to slow the rushed sale.
While at the MGM Grand for the Floyd Mayweather fight, billionaire investor Warren Buffett decided to branch out from stock picks and bet on a sports book.
ATLANTIC CITY, N.J.— The proposed auction date for the Revel Casino Hotel is too soon and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site is inappropriate, a U.S. Bankruptcy Court trustee said.
ATLANTIC CITY, N.J.— Atlantic City's casino revenue declined by 1.2 percent in August compared with a year ago as another gambling hall shut down at the end of the month. Figures released by the New Jersey Division of Gaming Enforcement began to show the impact Atlantic City's casino consolidation is having on the market's revenue stream.
NEW YORK— Your stock-fund manager wishes you'd buy more fun things. Most mutual funds are failing to keep up with broad market indexes again.
ATLANTIC CITY, N.J., Sept 10- MGM Resorts International won regulatory permission on Wednesday to re-enter the Atlantic City casino market after a 20- month investigation focusing on the company's ties to Pansy Ho, the richest woman in Hong Kong, who New Jersey gaming regulators considered an unsuitable partner.