Toni May 28, 2015 06:15:49
Following a string of very disappointing results in the market, the iconic casino city saw an increase in the first quarter of operations. Several years ago Atlantic City was the main gambling hub on the East Coast of the US. However, now the once prosperous gaming destination finds itself in a completely different position to […]
Phyllis F. May 13, 2015 05:14:29
Declaring Atlantic City bankrupt because of a massive budget deficit could have a butterfly effect. With four casinos closed, a $100 million gap in its budget and tax appeals by at least five casino properties, which is possible under US gambling laws, the odds of Atlantic City becoming bankrupt is pretty high. Also as if […]
Phyllis F. May 13, 2015 05:14:29
Declaring Atlantic City bankrupt because of a massive budget deficit could have a butterfly effect. With four casinos closed, a $100 million gap in its budget and tax appeals by at least five casino properties, which is possible under US gambling laws, the odds of Atlantic City becoming bankrupt is pretty high. Also as if […]
Nich Moore April 23, 2015 11:03:21
The Revel was the most shocking of the casino closures in Atlantic City in 2014 but new details have emerged showing it wasn’t so much closed as drowned by it’s utility company When the Atlantic City gambling market decided to shrink like a cheap sweater in the wash there were more than a few predictions […]
Nich Moore February 20, 2015 04:40:44
Apparently it isn’t just economic hardships that are to blame for Atlantic City feeling the squeeze, as it now emerges one of its biggest enemies is their very own Governor Last year Atlantic City’s woes were big news in the gambling news pages as the jewel of the east coast found itself getting squeezed on […]
Phyllis F. January 26, 2015 05:38:33
Team elected to find viable solutions after gaming industry crisis flattens Atlantic City’s economy. Governor of New Jersey, Chris Christie, has elected an emergency management team to save Atlantic City, citing that the gambling resort industry was in an “awful mess”. Team members will include Kevyn Orr. Orr was Detroit’s emergency manager for 1 and […]
Nich Moore January 20, 2015 12:13:07
Does the increasing success of Bet365 and its ilk herald a shift in gambling that will sound the death knell for casinos and betting shops? There is a dystopian future that is often trotted out by the usual sci-fi fantasy brigade in which the entire world becomes one giant computer system with everything and everyone […]
Nich Moore January 20, 2015 12:13:07
Does the increasing success of Bet365 and its ilk herald a shift in gambling that will sound the death knell for casinos and betting shops? There is a dystopian future that is often trotted out by the usual sci-fi fantasy brigade in which the entire world becomes one giant computer system with everything and everyone […]
Nich Moore December 22, 2014 19:04:02
The latest proposal for a mega casino complex hoves to in Australia where the Fungs are planning a six star resort in Northern Queensland To look at the snazzy graphics and conceptual art depicting the proposed Aquis casino you’d think you’d accidentally clicked on a trailer for the next series of Star Trek. The idyllic […]
Nich Moore December 13, 2014 13:28:23
As their governor continues to consider a run at the White House Atlantic City begins to re-purpose its former casinos in an attempt to improve their economic circumstances Chris Christie has a problem, and I’m not talking about his weight, although I suspect if does eventually throw his hat into the ring to run at […]
Nich Moore December 13, 2014 13:28:23
As their governor continues to consider a run at the White House Atlantic City begins to re-purpose its former casinos in an attempt to improve their economic circumstances Chris Christie has a problem, and I’m not talking about his weight, although I suspect if does eventually throw his hat into the ring to run at […]
Monica E. October 18, 2014 17:16:00
Former casino employees who lost their jobs after four Atlantic City gambling venues closed will get help with health care and insurance. This week, AtlantiCare unveiled a program to help former employees of the Atlantic Club, Showboat, Revel and Trump Plaza. All four casinos have closed this year, and the Trump Taj Mahal might follow […]
Atlantic City is on the downslope, but one industry insider thinks that it will return as a learner, more efficient market. Veteran gaming consultant Gary Green has continues to urge optimism despite a string of negative gambling news reports coming out of Atlantic City, including the closures of the Revel, Showboat and Atlantic Club and […]
Nich Moore October 7, 2014 18:38:07
As casinos around the world find themselves coming under the economic pressures of increased competition Singapore’s parliament debates a new gambling bill. As the US gears itself up for the mid-term elections this November and the future candidates for president of the most powerful nation on Earth all jockey for position well before the starting […]
Nich Moore September 26, 2014 16:45:44
In what industry watchers have called a huge gamble, Mr. David Baazov has bought up two of the largest online poker sites on the net today, but will it pay off or will this be a busted flush? On October the 6th a federal judge will hear arguments from Governor Chris Christie as he seeks […]
Nich Moore September 26, 2014 14:21:36
With ever more states legalizing and building casinos should we worry about placing too much pressure on them to support local economies? The schizophrenia of the US gambling market continues to pump out gambling news headlines that seem, at first glance, to be somewhat contradictory. To read of the alarming situation in Atlantic City where […]
Nich Moore September 5, 2014 15:34:37
Atlantic City has nearly 9,000 people newly unemployed as four of twelve casinos close in the space of a year as competition in the region heats up. Atlantic City’s troubles have been brewing for a while now. The last seven years have seen a slide in operating profits across the casino sector the mainstay focus […]
Monica E. July 21, 2014 21:02:17
Thousands of workers are worried about their future, but rebranding Atlantic City might just be the answer to all of their problems. The fall of Atlantic City might just be the most debated topic this month. Online gambling sites in the US state of New Jersey are doing fine, but profits made by land-based casinos […]
Nich Moore June 30, 2014 20:04:05
Caesars announces closure of the Showboat Casino Hotel in Atlantic City as part of consolidation process The gambling news in the US is not getting any better. When the Atlantic Club closed in January due to bankruptcy it was bought by Caesars Entertainment and Tropicana Entertainment, but didn’t reopen. They stripped it for parts and […]
Nich Moore June 30, 2014 17:42:12
The Showboat is closing, the Revel is bankrupt and the Mayor of Atlantic City is looking to a multi-facetted future. With some of the best online casinos for US players being set up by those states forward thinking enough to award licences and properly regulate gambling’s future it shouldn’t surprise anyone that the physical world […]
Governor and attorney general appeal federal sportsbetting ban. Governor Chris Christie and the New Jersey attorney general have filed an appeal with the US Supreme Court to allow racetracks and Atlantic City casinos to offer sportsbetting along with their existing services. The appeal seeks to overturn a 22-year old American gambling law. The Professional and […]
Online gambling mistakenly scapegoated for falling casino revenues It has been plastered all over gambling news in the US and Canada. Land-based casino revenue is on the decline. The Asian city of Macau has surpassed Las Vegas to become the gambling capital of the world, and casinos across the continent appear to be hurting. Nowhere […]
Staff February 13, 2014 16:22:41
The casino hub’s protection from in-state competition due to expire in 2016 In 2011 New Jersey governor Chris Christie gave Atlantic City five years to get its act together before the state would consider expanding casino licenses to other parts of the state. More than two years after that statement things look worse than ever. […]
The casino hub’s protection from in-state competition due to expire in 2016 In 2011 New Jersey governor Chris Christie gave Atlantic City five years to get its act together before the state would consider expanding casino licenses to other parts of the state. More than two years after that statement things look worse than ever. […]
AI S. September 17, 2012 14:47:18
The Mohegan tribe, operators of the Mohegan Sun in Connecticut, become the first Native Americans to operate a casino in Atlantic City, New Jersey.
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