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From the category archives:

Casino

Competition over New York State Casino Licenses Heats Up

December 11, 2014 Casino
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The New York State Gaming Facility Location Board is expected to announce its decision on the awarding of as many as four casino licenses in a statement expected on December 17. As the board mulls over the decision, the 16 developers who placed bids on the licenses have been posturing about which of them have […]

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There are Easy Fixes for Atlantic City’s Revel Casino says Top Architect

October 9, 2014 Casino
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Paul C. Steelman, a world leading casino architect, is claiming that the design flaws of the troubled Revel Casino Hotel in Atlantic City can be remedied. The Revel, a $2.4 billion property on the Atlantic City beachfront, was recently purchased by Brookfield Asset Management. Brookfield is getting the property at a steal for $110 million. […]

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Ben Affleck Admits to Being Card-Counting Casino Wizard

September 19, 2014 Casino
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Ben Affleck has had a rough time in the casinos lately, having recently been accused of card counting while playing blackjack, followed by rumors that he had been banned from a handful of Las Vegas casinos. Affleck decided to set the record straight and open up about his so-called card counting scandal, admitting he does […]

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Gila Casinos Win Naming Rights for Arizona Coyotes Arena

August 15, 2014 Casino
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The Arizona Coyotes and the Gila River Casinos have reached an agreement on the naming rights of the Glendale sports arena. The deal is awaiting approval from the Glendale City Council, which is scheduled to meet on September 9th. If the measure passes, Jobing.com arena will become Gila River Arena immediately. The new arena name […]

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Macau Junket Investor Looks to Saipan for New $3 Billion Casino

August 13, 2014 Casino
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Imperial Pacific International Holdings Ltd, and investor in a Macau junket operator, has unveiled a plan to diversify its interests by developing a $3 billion casino resort complex on the island of Saipan. The move is motivated by a slumping Chinese economy, which has caused growth in Macau’s world-leading casino market to slow to a […]

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Atlantic City’s Revel Casino Closing This Fall

August 13, 2014 Casino
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Atlantic City’s already dwindling casino industry has lost its biggest player. Revel Casino Hotel, the largest and most recently built casino in town, will shut it’s doors in September, just two years after opening them. Efforts to find a buyer for the $2.4 billion casino were fruitless. Revel Casino Hotel will be the fourth casino […]

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Donald Trump Sues to Get His Name Off Atlantic City Casinos

August 6, 2014 Casino
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Property and entertainment mogul Donald Trump is suing two casinos that he used to own in Atlantic City because they have so far refused to remove his name from their buildings. Trump pulled out of his Atlantic City interests more than five years ago and he and his business operation have had nothing to do […]

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New York Casino Bidder Wilmot Shows Off Design for $425 Million Resort

June 26, 2014 Casino
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Rochester’s real estate company Wilmorite has unveiled its $425 million plans for a $425 million luxury casino and hotel resort. The company is one of many bidders on the limited number of casino licenses planned to be doled out by the New York state government later this year. The resort is called Lago Resort and […]

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Key Bill For Japanese Casinos Left Off Government Agenda

May 29, 2014 Casino
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The push to place lucrative casinos in Japan in time for the 2020 Summer Olympics has hit a speed bump. A bill central to legalizing casino gambling was left out of Japanese parliament’s agenda this week, making it unlikely to get passed before the June 22 end of the current parliament session. Lobbyists and industry […]

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New York State Casino License Fetches 22 Million Dollar Application Fees

April 24, 2014 Casino
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New York State is making money just by entertaining applications for a development license for a new casino in the state. The state received 22 applications, submitted by 21 prospective developers, prior to the midnight deadline it had established. Each application was accompanied by a mandatory $1 million fee. The development companies will now compete […]

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