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Casinos and Gaming

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  • Sept 10- Atlantic City's Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.

  • Revel says it has $90M offer to buy closed casino Wednesday, 10 Sep 2014 | 6:49 PM ET

    ATLANTIC CITY, New Jersey— A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week, lawyers for the resort said Wednesday in court documents. The casino said in the bankruptcy court filing that Glenn Straub's Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort.

  • Sept 10- Atlantic City's Casino Hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, according to court documents on Wednesday.

  • New Jersey lets MGM keep half of Borgata casino Wednesday, 10 Sep 2014 | 5:56 PM ET

    ATLANTIC CITY, New Jersey— New Jersey casino regulators on Wednesday let MGM Resorts back into the Atlantic City casino market. MGM decided in 2010 to sell its stake and leave New Jersey rather than cut ties to an Asian business partner in Macau, but a buyer was never found.

  • Trump Entertainment begins race to save AC casino Wednesday, 10 Sep 2014 | 2:21 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    Trump Ent. received bankruptcy approval for an deal that gives it 30 days to craft a turnaround plan to save its Taj Mahal casino-hotel.

  • Donald Trump poised for Atlantic City comeback     Wednesday, 10 Sep 2014 | 11:30 AM ET

    Donald Trump may return to Atlantic City to bail out two struggling casinos that bear his name. CNBC's Morgan Brennan reports.

  • Business Highlights Tuesday, 9 Sep 2014 | 5:46 PM ET

    CUPERTINO, Calif.— For the first time in years, Apple's iPhones weren't the star of the show. The move is significant because of recent questions about whether Apple still has a knack for innovating following the 2011 death of co-founder Steve Jobs. NEW YORK— In the world of currencies, the dollar is starting to look like a safe home in a tough neighborhood.

  • *Trump Entertainment Resorts files for Chapter 11. Sept 9- Trump Entertainment Resorts Inc, which runs two casinos in Atlantic City, filed for bankruptcy protection for a third time, in another blow to the city's crumbling casino industry.

  • FACTBOX-Atlantic City's crumbling casinos Tuesday, 9 Sep 2014 | 12:25 PM ET

    Sept 9- Trump Entertainment Resorts Inc said it was closing its Trump Plaza Hotel and Casino this month, the fourth casino to be shut this year in the once-booming Atlantic City. Atlantic City's casino industry is losing out to new rivals in northeastern United States, with gaming revenue in the region nearly halving from its 2006 peak of $5.2 billion.

  • Trump Entertainment casinos file for bankruptcy Tuesday, 9 Sep 2014 | 10:04 AM ET
    A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City.

    Trump Entertainment Resorts on Tuesday filed for Chapter 11 bankruptcy protection.

  • Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. The company, which Donald Trump founded but no longer controls, operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.

  • Trump casinos file Chapter 11; seek concessions Tuesday, 9 Sep 2014 | 8:46 AM ET

    ATLANTIC CITY, N.J.— Trump Entertainment Resorts filed for bankruptcy Tuesday and threatened to shut down the Taj Mahal Casino Resort, which would make it the fifth Atlantic City casino to close this year.

  • Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. Trump Entertainment operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.

  • Trump Entertainment Resorts files for bankruptcy Tuesday, 9 Sep 2014 | 7:27 AM ET

    Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. Trump Entertainment operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.

  • ATLANTIC CITY, N.J., Sept 8- Governor Chris Christie pushed past a sea of angry protesters on Monday to meet with business leaders and politicians on ways to save troubled Atlantic City, which has lost a quarter of its 12 casinos already this year.

  • Trump-branded casinos to file bankruptcy: Report Monday, 8 Sep 2014 | 4:49 PM ET
    The Trump Plaza ,which is scheduled to close, is viewed in Atlantic City on July 30, 2014 in Atlantic City, New Jersey.

    Trump Entertainment Resorts, which operates two Atlantic City casinos, is to file for bankruptcy, Bloomberg reported citing sources.

  • New York casino applicants make public pitches Monday, 8 Sep 2014 | 3:02 AM ET

    ALBANY, N.Y.— Developers seeking permission to open casinos in upstate New York fielded questions about their finances and revenue projections Monday as they made direct pitches to the state's siting board. We have a direct highway access, "said Jeff Gural, who runs Tioga Downs near the Pennsylvania state line, west of Binghamton.

  • Shaping the future of closed Atlantic City casinos Friday, 5 Sep 2014 | 4:35 PM ET

    New Jersey gambling regulators gave permission to Betfair, the European online gambling company, to continue to operate in the state even after its brick-and-mortar partner, Trump Plaza, shuts down on Sept. 16.

  • Sunken Showboat casino may float with new buyer Friday, 5 Sep 2014 | 3:34 PM ET
    Showboat Atlantic City hotel in Atlantic City, N.J.

    The former Showboat casino in Atlantic City may have just found a new buyer.

  • APNewsBreak: Trump Plaza online bets can continue Friday, 5 Sep 2014 | 2:29 PM ET

    ATLANTIC CITY, N.J.— New Jersey casino regulators will let Betfair continue to take Internet bets after its brick-and-mortar casino partner, Trump Plaza, closes later this month.