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
ATLANTIC CITY, N.J.— The $2.4 billion Revel Casino Hotel that opened just over two years ago as a hoped-for savior for Atlantic City's flagging casino industry will close a week earlier than originally planned, the company announced in an email Friday.
NEW YORK, Aug 15- Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.
Grant Govertsen, Principal Analyst at Union Gaming Group, expects Macau's gaming sector to remain soft until early next year amid a weaker-than-expected VIP market.
SAN FRANCISCO, Aug 14- A group of ex-gaming industry executives say they can use their design chops to solve a major health challenge: Sick patients neglecting to take their medication and costing employers and insurance providers billions of dollars.
Jon Oh, Research Analyst for the Gaming and Lodging sectors at CLSA, says Chinese mass market gamers can spur growth in Macau's gaming sector moving ahead.
Christie and New Jersey Democrats have said Atlantic City's economy, heavily dependent on casinos, needs to be broadened.
Chris Christie vowed Thursday to do everything he can to help laid-off Atlantic City casino workers find new jobs after the hotels they work for close next month. Atlantic City started the year with 12 casinos but will have just eight remaining by fall.
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.