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.» Read More
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.
The Atlantic City Alliance will run full-page ads starting Thursday in the Wall Street Journal, the Star-Ledger of Newark and the Philadelphia Inquirer touting the many things Atlantic City offers that don't involve gambling. "Atlantic City isn't just a destination for gaming," it reads.
Revel is the latest casualty for the struggling New Jersey gambling center. Tom Ballance, Borgata Hotel & Casino COO, reveals his plans to keep the doors open at Borgata. You have to give people a reason to drive here, says Ballance.
Major casinos in Cincinnati, Columbus and Toledo want to install slot machines in designated smoking areas while keeping their main gambling floors smoke-free. Officials with the Columbus and Toledo casinos are also working on installing slot machines to their smoking decks.
Some questions and answers about Revel and Atlantic City:. Q: What will happen to Revel, and the other three soon-to-close Atlantic City casinos, for that matter? Richard Stockton College has long been interested in a campus in Atlantic City and could possibly acquire a casino building to do it.
ATLANTIC CITY, N.J.— A day after announcing it will shut down next month, Revel Casino Hotel told a bankruptcy court judge it is still negotiating with potential buyers. The filing follows Revel's announcement that will shut down by Sept. 10, having been unable to find a buyer.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Kate Spade& Co., down $9.87 to $29. Flowers Foods Inc., down 91 cents to $19.10.
Revel Casino is the fourth casino in Atlantic City to close this year. Insight to the resort's closing, with CNBC's Morgan Brennan.
After news of Revel Casino in Atlantic City closing, CNBC's Bob Pisani looks at the action in other casino and gaming stocks.
Revel Casino in Atlantic City will be the fourth casino to close this year. CNBC's Morgan Brennan reports the casino is in bankruptcy.
Atlantic City's Revel Casino Hotel says it will shut down in September after failing to find a buyer in bankruptcy court.
Sept. 2007: Revel Entertainment and partner Morgan Stanley file plans for a new casino and 3,800 hotel rooms. July 31, 2008: A plane crash in Minnesota kills three executives of Revel Entertainment and its builder, Tishman Construction.
Aug 12- The bankrupt Revel Casino Hotel in Atlantic City, New Jersey, is set to close by Sept. 10 after failing to find a buyer, the casino said on Tuesday.
Aug 12- The bankrupt Revel Casino Hotel in Atlantic City, New Jersey, is set to close by September after failing to find a buyer, the casino said in a statement on Tuesday.
Revel Casino in Atlantic City will close no later than September 10th after no bidders came forth to purchase the casino at auction. CNBC's Morgan Brennan reports.
LAS VEGAS— Caesars Entertainment Corp. on Monday reported a wider loss in its second quarter. The Las Vegas- based company posted a loss of $466.4 million, or $3.24 per share, compared with a loss of $212.2 million, or $1.69 per share, in the same quarter a year earlier.
Revel's auction had already been postponed one week to allow for more time to review bids, court filings indicated.