Sam Nazarian, founder, chairman & CEO of SBE, discusses his recipe for success and how to stay relevant in the nightlife world. Nazarian explains the benefits of not outsourcing anything in his hotel.» Read More
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.
LAS VEGAS— The Moroccan-themed Sahara casino that once hosted Frank Sinatra, Dean Martin and the Beatles seemed a lost cause in 2011, when its owners declared the 59- year-old property unprofitable and shut it down with little more than a vague promise to return.
CNBC's Jane Wells reports on the new SLS Las Vegas, built on the site of the old Sahara and the first new resort to open in there in five years.
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.
PITTSBURGH— The Pennsylvania Supreme Court has ruled that a mandatory $75,000 fine imposed on a Pittsburgh casino poker dealer convicted of having stolen $200 worth of chips is unconstitutional.
ATLANTIC CITY, N.J.— They've turned to politicians, bureaucrats, businessmen and union reps to try to save their jobs at three Atlantic City casinos scheduled to close soon. Eric McCoy, president of the Atlantic City Fellowship of Churches. Union worker Maria Logan, a member of the New Shiloh Baptist Church, said the challenges are big and real.
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.
Frank Fantini, Fantini Research, and Chris Jones, Telsey Advisory Group, discuss the current state of the gaming and casino industry.
CAMDEN, N.J.— The troubled Revel Casino Hotel in Atlantic City still hopes to auction off its property but needs to close to stop big losses, a lawyer for it said. Attorney John Cunningham said in bankruptcy court Monday that the casino is losing more than $1 million every week, The Press of Atlantic City reported.
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.
Before summer ends, four casinos will be shuttered, leaving Atlantic City looking for a way to avoid having dark, empty shells on its Boardwalk.
Following blow-out first-half earnings, Sands China's CEO brushed off concerns about any negative impacts from the government's anti-graft campaign.
Edward Tracy, CEO of Sands China, explains why China's anti-graft drive won't impact the firm and discusses why he thinks fears about the impact of new regulatory curbs are overblown.
ATLANTIC CITY, N.J.— If the owners of Revel Casino Hotel had their way, the $2.4 billion resort would have been shut down on Monday. Revel Entertainment had asked New Jersey casino regulators for permission to close down on Aug. 18.
ATLANTIC CITY, N.J.— Before summer ends, Revel, Trump Plaza, the Showboat and the Atlantic Club will be shuttered ex-casinos, leaving Atlantic City officials looking for a way to avoid having dark, empty shells on its signature Boardwalk.
Aug 16- When the $2.4 billion Revel Casino opened its doors in 2012, the curvy blue-glass tower was hailed as the wave of the future for Atlantic City, New Jersey.