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  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • New York panel recommends 3 upstate resort casinos Wednesday, 17 Dec 2014 | 2:00 AM ET

    The Gaming Facility Location Board chose sites in Sullivan, Schenectady and Seneca counties and decided not to recommend a fourth license amid an increasingly saturated gambling market where consumers have more options closer to home. Voters last year authorized up to four casinos in three upstate regions: the Albany- Saratoga area, the Southern...

  • Nightclub company Hakkasan to buy The Light Group Tuesday, 16 Dec 2014 | 7:00 PM ET

    Hakkasan Group, whose name is affixed to a five-story nightclub and dining experience at the MGM Grand hotel-casino, is buying The Light Group and its 22 nightclubs, day clubs and restaurants. The remaining 10 percent owned by The Light Group's founders is also part of the $36 million price tag. The purchase would add another 22 nightclubs, day clubs and...

  • New York casino decision looms Monday, 15 Dec 2014 | 12:52 PM ET

    Officials involved in the decision have promised that it will be based on the merits of the proposals— and not Albany politics. Voters last year authorized up to four casinos to be divided among three upstate regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson Valley. The state's Gaming Facility Location...

  • AP NewsBreak: Golden Nugget drops tax suit threat Monday, 15 Dec 2014 | 12:46 PM ET

    TRENTON, N.J.— Atlantic City's Golden Nugget casino dropped a threat Monday to file a lawsuit blocking a package of tax relief for Atlantic City's eight casinos. The casino's general counsel, Steven Scheinthal, told The Associated Press that proposed changes to a tax bill the Golden Nugget had vehemently opposed should be enough to protect it.

  • College finalizes purchase of ex-Showboat casino Friday, 12 Dec 2014 | 5:53 PM ET

    ATLANTIC CITY, N.J.— A southern New Jersey college finalized its purchase of the former Showboat Casino Hotel in Atlantic City on Friday. "Our roots officially began at the former Mayflower Hotel in Atlantic City, and as our campus has expanded, so has our mission to provide higher education, research and community partnerships that enhance the region and state,"...

  • SeaWorld and Adobe are big market movers Friday, 12 Dec 2014 | 4:36 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. SeaWorld Entertainment Inc., down 32 cents to $15.77. Esterline Technologies Corp., down $13.90 to $103.63.

  • Official: Casinos' take has good in its bad news Friday, 12 Dec 2014 | 2:41 PM ET

    ATLANTIC CITY, N.J.— The take for Atlantic City's casino industry dropped in November, but officials say a closer look at the numbers offers hope in the form of higher winnings and more jobs at several of the remaining gambling halls. Figures released Friday by the New Jersey Division of Gaming Enforcement show how schizophrenic Atlantic City's gambling market...

  • Bankruptcy judge voids sale of New Jersey casino Friday, 12 Dec 2014 | 10:30 AM ET

    CAMDEN, N.J.— A bankruptcy court judge on Friday voided the proposed sale of the former Revel Casino Hotel in Atlantic City to a Canadian firm. Judge Gloria Burns granted a request by Revel Entertainment to cancel the $110 million sale to Toronto- based Brookfield Asset Management. His Polo North Country Club was the runner-up in the auction, with a bid of $95...

  • Dec 11- Caesars Entertainment Corp has reached a tentative deal with senior bondholders over a debt restructuring plan for its largest unit, Caesars Entertainment Operating Co, the Wall Street Journal reported, citing people familiar with the matter. The unit has about $18.4 billion in debt, mostly held by hedge funds that buy up debt of troubled companies,...

  • Hotel owner: I'll open small Atlantic City casino Thursday, 11 Dec 2014 | 3:17 PM ET

    ATLANTIC CITY, N.J.— Someone is interested in opening a new casino in Atlantic City after all. The new casino would be the first to open in Atlantic City since the ill-fated Revel debuted in April 2012, only to close less than two years later. It was approved by a state Senate committee Thursday, one of several measures state lawmakers are considering to help Atlantic...

  • BOSTON— New hurdles are emerging for Wynn Resorts as it prepares to build a $1.6 billion resort casino on the Everett waterfront after winning the lucrative casino license for the Boston area. Somerville filed a lawsuit last week against the state Gaming Commission asking a state court judge to void the Wynn license. Meanwhile, the gambling commission's staff...

  • 'King of Instagram' released from LA jail Thursday, 11 Dec 2014 | 12:50 PM ET
    Dan Bilzerian

    Dan Bilzerian, the "King of Instagram," was released from jail on Wednesday after being detained at LAX.

  • 'King of Instagram' held without bail in LA Wednesday, 10 Dec 2014 | 4:35 PM ET
    Dan Bilzerian and Jessa Hinton arrive at the Fighters Only World Mixed Martial Arts Awards 2011 in Las Vegas.

    Dan Bilzerian, the "King of Instagram," was arrested at LAX on Tuesday and is being held without bail, according to LA Weekly.

  • Dec 10- The new proposed buyer for the shuttered Revel Casino Hotel said Wednesday that he will not give up his legal challenge to the auction of the Atlantic City, New Jersey, complex even though the winning bidder walked away from the deal. Revel filed papers overnight seeking approval to terminate its deal with Brookfield Property Partners LP and schedule a...

  • Bill: $1M a year to train laid off casino workers Wednesday, 10 Dec 2014 | 12:39 PM ET

    ATLANTIC CITY, N.J.— A New Jersey state senator is proposing legislation to retrain thousands of laid-off Atlantic City casino workers for new jobs. Diane Allen, a Burlington County Republican, said Wednesday she'll introduce a bill creating the Education Initiative for Former Casino Workers. It would dedicate at least $1 million a year from the state Labor...

  • NJ may lower requirements in 'boutique' casino law Wednesday, 10 Dec 2014 | 6:56 AM ET

    ATLANTIC CITY, N.J.— New Jersey isn't giving up on its effort to attract small new casinos to Atlantic City. A bill to be debated Thursday by a state Senate committee would remove the requirements that they be new construction and that one of the projects eventually expands to 500 rooms. "This bill addresses a small-scale casino license, but it can help, so we should...

  • Dec 10- Shuttered Revel Casino Hotel filed an emergency motion late on Tuesday, seeking approval to terminate its deal with Brookfield Property Partners LP and schedule a hearing to approve the sale to backup bidder Polo North Country Club Inc.. Brookfield won the auction for Atlantic City, New Jersey's bankrupt Revel with a $110 million bid in October,...

  • Cosmopolitan resort CEO to leave by end of year Tuesday, 9 Dec 2014 | 3:58 PM ET

    LAS VEGAS— The CEO of The Cosmopolitan on the Las Vegas Strip, who led the hotel-casino from its opening to its pending $1.73 billion sale, is leaving by the end of the year. John Unwin was first tapped by Deutsche Bank AG to be CEO of the 2,960- room property in 2009 as it moved forward with building the swanky high-rise after the original developer defaulted on the...

  • Atlantic City region loses 9,900 jobs Tuesday, 9 Dec 2014 | 1:48 PM ET

    ATLANTIC CITY, N.J.— The Atlantic City region lost 9,900 jobs over the past 12 months, battered by the closure of four of Atlantic City's 12 casinos, according to data released Tuesday. The Atlantic City area, which includes Hammonton, also had the highest percentage of job losses at 7.3 percent. A package of bills introduced by state Senate President Steven Sweeney...