Jan 27, 2015

Latest Casino News

Land Based Casino News (345 articles)

New Casino Opening in Macau

Melco Crown Entertainment Ltd. has constructed a new casino complex in Macau. The complex, designed to resemble Gotham City, cost $3.2 billion to build and will offer a few unique attractions. Studio City will be a family oriented destination with the tallest Ferris wheel in Asia known as the Goldeneye. According to publicity, the Golden Eye feature was design...

Land Based Casino News

Professional Gambler Sues Caesars Entertainment

Ross Miller, a 28-year-old professional gambler from New Jersey, has filed a case against Planet Hollywood Resort in Las Vegas claiming that he was illegally detained and $5,000 in casino chips were taken from him as a resu...

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Judge Rules Against Revel Casino Bidder

Despite his attempts to cut corners, Atlantic City Bankruptcy Judge Gloria Burns determined that Glenn Straub’s original bid of $95.4 million for Revel Casino will stick. Revel was built for $2.4 billion two years ago but after losing to a higher bidder who backed out of the deal, Straub returned trying to chew down the price. He claimed that the auction...

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Macau Casino Revenue on the Decline

Since the start of Macau’s legal casino industry in 2001, revenue is on a seven month downswing for the first time. Reportedly revenue decreased 2.6% in 2014 to $44.1bn; however the most significant drop was in December with a 30.4% plummet according to figures released by Macau's Gaming Inspection and Coordination Bureau. Even with less money passing thro...

Gambling Law & Society News Land Based Casino News

Revel Resort Casino Buyer Says Original Auction was Unfair

Glenn Straub, of Florida, is interested in Revel Resort and Casino in Atlantic City and is willing to pay just $87 million for the property that is less than three years old and cost $2.4 billion to build. Straub initially bid $95.4 million earlier in the year when Revel went to auction; however was outbid by Toronto-based Brookfield Asset Management who later...

Land Based Casino News

China’s President Seeks Tighter Controls on Macau’s Gambling Industry

China’s president, Xi Jinping, briefly visited Macau this week and now seeks tougher controls on gambling in the region. He expects closer supervision and regulatory improvements in Macau, which sees millions of visitors each year. According to media, China prepares to attack the problem of billions of dollars in illegal funds moving through Macau’s casino...

Land Based Casino News

Trump Taj Mahal Gets a Brief Reprieve

Trump Taj Mahal was due to close on December 12. The broke Atlantic City land casino failed to reach an agreement with the employees’ union gaining a brief reprieve as the negotiations continue. The closure date was pushed to December 20 by owners of the Trump Entertainment Resorts with the support of its principle creditor Carl Icahn, in an attempt to buy more t...

Land Based Casino News

7 IGT New Video Poker Games

When IGT's Game Star releases new Video Poker titles players stand up and listen. As one of the highest rated, most popular software for Video Poker, it is a pretty safe bet you’re in for premium products. There are 7 Video Poker games featuring new concepts available for single-hand and multi-hand bundles. Flush Fever Poker – Introducing the Redraw feature, a...

Land Based Casino News

Trump Taj Mahal Casino Avoids November Closure

According to billionaire investor Carl Icahn unless the Local 54 Unite –HERE union contract was terminated eliminating the expense of pension and health care there was no way for the Casino to survive. On Friday a federal bankruptcy judge voided a union workers contract as part of plan that would save the Casino from closing on November 13th. Bob McDevitt,...

Land Based Casino News

Atlantic City Boardwalk New Casino in the Works

As the Boardwalk takes four steps backwards with Casino closings it moves one step forward with a new gambling playground. A federal bankruptcy judge Gloria Burns slammed her gavel down last week declaring Revel sold to Brookfield Asset Management for the bargain basement price of $110 million. Revel Casino cost 2.4 billion to build and closed on Septembe...

Land Based Casino News

Another Atlantic City Casino Partners with KGM Games and Spin Games

Atlantic City’s Golden Nugget Casino has partnered with KGM Gaming and Spin Games to launch GoldenNuggetCasino.com for the New Jersey market. The two gaming companies also secured a partnership in March of this this year with Caesars Entertainment. Over the next few weeks, KGM Gaming intends to integrate Mega Ball, Slots and Video Poker.

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Sentimental Journey Back to Atlantic City Boardwalk

Having recently visited Atlantic City in June, I returned after receiving yet another free trip from Caesar’s Entertainment group. I stayed at Harrah’s Casino which still had the hustle and bustle of the crowd, feeling pretty confident they aren’t going to close anytime soon. Taking a stroll along the Boardwalk had a completely different feel this time around...

Land Based Casino News

Casino Closures Lead to an Uncertain Future for Atlantic City

The city that once held a reputation that nearly rivaled that of Las Vegas in terms of gambling, has now taken a bit of a plunge. With the recent string of casino closings, Atlantic City of New Jersey, has had its credit rating cut an entire level to BBB+ by Standard & Poor’s. Prior to this, the city had already received its fair share of negative feedback ea...

Land Based Casino News

Chinese Gambling Superstitions

Gambling and superstitions tend to go hand in hand and the Chinese culture has their own set of beliefs that will render good and bad luck. In fact the Chinese are considered one of the most superstitious societies in the world. It is important enough that Casinos acknowledge the superstitions and make changes if it necessary. Below is a list of the most commo...

Land Based Casino News

Is it the End for Atlantic City Casinos?

Falling deep in the abyss like the unsinkable Titanic, is a sea of Casino closures in Atlantic City, New Jersey. Like a deck of cards collapsing one after the other, it’s the fourth Casino about to close their doors. 2014 kicked off a string of Casinos closing the doors that began in January with Atlantic Club followed by more recently Showboat and the uncertaint...

Land Based Casino News

NYX Signs a Deal with Casino Technology’s Elephant

NYX Gaming Group signs a contract with Casino Technology’s Elephant and scores another Land Casino content deal. The online gambling content developer will distribute games via its OGS subsidiary to Elephant’s remote gaming server. This recent integration will allow NYX to distribute its products to new markets The i-gaming director at Casino Technology, Konra...

Casino Software Land Based Casino News

Adelson Targets Asian Websites

Sheldon Adelson, owner of the Las Vegas Sands land gambling group, has targeted 35 Asian websites with accusations of trademark and reputational offences filing federal lawsuits in the United States District Court for the District Of Nevada. It’s being reported that the websites are using the Las Vegas Sands' "world famous" Sands trademark, with "Jinsha" Chine...

Gambling Law & Society News Land Based Casino News

The Show is Over for Showboat Casino Atlantic City

Walk along the boardwalk in Atlantic City, New Jersey and there will be one less Casino along the way to lay your bets down at. Showboat Casino part of Caesars Entertainment group has decided shut down their doors since a more than $3 billion drop in revenue over the last 8 years and increased competition. Gary Loveman, Chairman and Chief Executive Officer sai...

Land Based Casino News

Portuguese Casino Association Supports Licensing of Existing Concession Holders

The Portuguese Casino Association is in favor of the progress related to online gambling licensing and regulation but only if it involves the licensing of existing [land] concession holders. On Thursday, Jorge Armindo, president of the PCA, said to the Lusa News Agency, “It is good that online gambling is getting regulated and becomes a legal form of gambling...

Gambling Law & Society News Land Based Casino News

Is Ben Affleck’s Gambling Headed for Disaster?

Recently in the news for counting cards in a Las Vegas Casino at the Blackjack table, rumors are circulated that it hasn’t stopped in gambling. The tabloids like Star Magazine are receiving information from sources that while filming...

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