Casinos and Gaming


  • Future dim for Taj Mahal, former Revel casinos Thursday, 20 Nov 2014 | 10:03 AM ET

    Trump Entertainment Resorts has said it will close the casino Dec. 12. Judge Kevin Gross issued an order late Wednesday scheduling the hearing on whether it's time to pull the plug on Trump Entertainment, which is about to close its last remaining casino. Gross also said that the main parties to the case— Trump Entertainment, billionaire Carl Icahn as its main...

  • Odd of sports betting     Thursday, 20 Nov 2014 | 7:44 AM ET

    NBC Sports' Dave Briggs, and Patrick Rishe, Sportsimpacts founder, discuss the likelihood of getting Federal legislation on sports gambling and the push to legalize pro sports betting.

  • Gloves off in NJ sports gambling fight     Thursday, 20 Nov 2014 | 7:42 AM ET

    The battle over sports gambling is heading to the courts, reports CNBC's Morgan Brennan.

  • Caesars reveals plan after creditor walks away Wednesday, 19 Nov 2014 | 7:10 PM ET

    LAS VEGAS— Overwhelmed with debt and seeking a way out from under it, Caesars Entertainment Corp. floated a plan that would have turned its most debt-heavy division into a real estate investment trust divided into two companies— one to own the casinos and hotels, and one to rent and manage them. The plan was first proposed to creditors Oct. 28, and after a creditor...

  • Caesars, creditors consider turning unit into REIT Wednesday, 19 Nov 2014 | 6:14 PM ET

    Caesars Entertainment proposed a restructure plan that would the debt of its largest unit into a real estate investment trust.

  • Brookfield halts plan to buy Atlantic City's Revel Wednesday, 19 Nov 2014 | 6:09 PM ET
    The Revel Casino in Atlantic City on July 30, 2014.

    Brookfield is abandoning its plan to buy the former Revel Casino Hotel in Atlantic City.

  • Pala tribe begins Internet gambling in New Jersey Wednesday, 19 Nov 2014 | 11:18 AM ET

    ATLANTIC CITY, N.J.— California's Pala Indians became the first tribe to offer Internet gambling in New Jersey on Wednesday. "Our launch in New Jersey is a huge step for the company, and we want to make sure we're rolling out one of the best, most user-friendly casino experience on the market," said Jeremy Clemons, Pala Interactive's chief marketing officer.

  • Stadium-district casino wins new Philly license Tuesday, 18 Nov 2014 | 3:02 AM ET

    PHILADELPHIA— The Philadelphia- area gambling market is set to get more competitive now that state regulators voted Tuesday to award a license to Live! won a four-way competition for the last casino license in eastern Pennsylvania, and the fifth in the Philadelphia region. It will be owned and operated by Cordish Cos. of Baltimore and Greenwood Gaming&...

  • Judge: New Jersey can take piano tuner's home Monday, 17 Nov 2014 | 6:13 PM ET

    Superior Court Judge Julio Mendez, who heard final arguments in an Atlantic City courtroom last month, ruled that the state agency can use eminent domain to seize the house in the shadow of the closed Revel Casino Hotel, citing an "appropriate public purpose" for the property. Robert McNamara, an attorney representing Birnbaum from the Virginia- based Institute...

  • High stakes for Atlantic City     Monday, 17 Nov 2014 | 1:11 PM ET

    The Trump Taj Mahal will be the fifth casino in Atlantic City to close this year. CNBC's Morgan Brennan reports the current tally for lost positions by year-end is 11,000.

  • Philly to find out whether it gets a second casino Sunday, 16 Nov 2014 | 10:46 AM ET

    Gamblers from southeastern Pennsylvania and across the border into New Jersey already have their pick of four nearby casinos. "There's no way this market can handle another casino," said Alan Woinski, president of Gaming USA, a New Jersey- based consulting and publishing company. Two want to build downtown, while two others propose building near the sports...

  • Could tight market push NY to go slow on casinos? Saturday, 15 Nov 2014 | 10:42 AM ET

    After New York voters approved four upstate casinos last November, four Atlantic City casinos have closed, gambling profits plunged from Connecticut to Mississippi, and new casinos opened or were greenlighted in Maryland, Pennsylvania and Massachusetts. "Gaming revenues are going to Connecticut, Pennsylvania, New Jersey," said Jeffrey Hyman of the proposed...

  • Trump Taj Mahal Casino Resort files for closure Friday, 14 Nov 2014 | 5:59 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    The owner of the struggling Trump Taj Mahal Casino Resort in Atlantic City has filed court papers to close it by next month.

  • Court papers filed to close Trump Taj Mahal casino Friday, 14 Nov 2014 | 4:00 PM ET

    In filing a revised reorganization plan in Delaware bankruptcy court, Trump Entertainment Resorts said its board has approved a shutdown of the casino by Dec. 12. "The debtors have initiated appropriate steps to cease operations at the Taj Mahal consistent with that time frame," Trump Entertainment attorneys wrote. "I want them to know that the city of Atlantic...

  • Ultimate Gaming closes Nevada online poker site Friday, 14 Nov 2014 | 1:54 PM ET

    After shutting down its operations in New Jersey, the company announced Friday that it had closed its Ultimate Poker online business in Nevada, too, citing trouble making a profit as long as online gambling is limited to a pool of players in single states, so far just three nationwide. The company, owned by Las Vegas- based neighborhood casino-hotel company...

  • NBA pushes gambling     Friday, 14 Nov 2014 | 1:01 PM ET

    NBC Sports' Dave Briggs, discusses whether sports betting should be legalized in the U.S.

  • $10 Million winning poker moment     Friday, 14 Nov 2014 | 12:22 PM ET

    The 45th Annual World Series of Poker finished this week in Las Vegas. 26-Year old Swedish professional and 2014 WSOP Champion Martin Jacobson, speaks to Scott Wapner, about the moment he won.

  • NBA commissioner calls for legalized sports betting Friday, 14 Nov 2014 | 5:47 AM ET
    Adam Silver, NBA Commissioner.

    NBA Commissioner Adam Silver called on Congress to pass legislation that would let states legalize and regulate sports betting across the U.S.

  • Hong Kong shares close up on casinos, financials Thursday, 13 Nov 2014 | 3:07 AM ET

    SHANGHAI, Nov 13- Hong Kong shares rose on Thursday, lifted by consumer and casino shares and buttressed by financials. Among the most active stocks in Hong Kong were Bank Of China, up 0.52 percent to HK $3.86 per share; CCT Land Holdings Ltd, unchanged at HK $0.01 per share and Icube Technology Holdings Ltd, down 9.15 percent to HK $0.13 per share.

  • Somesh Agarwal, Senior Analyst at Macquarie, outlines the factors that are weighing on casino operator Genting Singapore's third quarter scorecard.