Tough sell: AC Official Guaracino markets Atlantic City
Howard Stutz Imagine the dilemma in trying to market Atlantic City to the world. One casino closed in January. Three of the remaining 11 resorts could be shuttered by September. Atlantic City gaming revenue fell to $2.8 billion in 2013,…
AC Mayor: 6 potential buyers for Revel casino
Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) – Atlantic City’s mayor said Wednesday there are six potential buyers for the Revel Casino Hotel, which is up for sale next month at a bankruptcy auction. Don Guardian also said his…
(Macau) Wynn Resorts Says It’s Cooperating With Macau’s Anti-Graft Body
Vinicy Chan, Bloomberg (Bloomberg) — Wynn Resorts Ltd. said it has been contacted by Macau’s anti-corruption agency regarding the company’s land purchase for its new resort-casino on the Cotai Strip. “We are working cooperatively with” the city’s Commission Against Corruption,…
Texas lawmaker seeks ruling on historical racing
Associated Press AUSTIN, Texas (AP) – A Texas lawmaker is asking Attorney General Greg Abbott to weigh in on whether a state commission has the authority to allow a new form of betting called historical racing. Republican State Rep. Dan…
Atlantic City’s Credit Rating Cut Two Steps to Junk by Moody’s
Elise Young, Bloomberg (Bloomberg) — Atlantic City, New Jersey, the gambling hub that’s been pummeled by regional competition in the U.S. Northeast, had its credit rating cut two levels to speculative grade by Moody’s Investors Service. The reduction to Ba1…
Station Casinos has deal with Princess Cruises
Las Vegas Review-Journal Station Casinos announced a deal Wednesday with Princess Cruises in which customers in the casino operator’s players loyalty program can earn a complimentary cabin for two on select cruises each year, exclusive cruise fares, and special offers….
After growth, Indian gaming now ‘pretty flat’
Steve Tetreault, Las Vegas Review-Journal WASHINGTON – After a long period of healthy growth that brought prosperity to many reservations. Indian tribal gaming revenues have leveled off in recent years and face an uncertain future, Congress was told on Wednesday….
(Mississippi)June is a big winner for Coast casinos
Coast casinos had their best June since 2008, the The Mississippi Department of Revenue reported Tuesday. After Monday’s announcement of the closing of Margaritaville Casino in Biloxi, this report shows continued strength in the Gulf Coast market, said Allen Godfrey,…
Heist is latest dis for battered Atlantic City casinos
If you are thinking Clooney and Pitt and Ocean’s Eleven elegance, think again. The casino heist in Atlantic City this week was closer to smash and grab. A manhunt was underway Tuesday after two masked thieves robbed Caesars Atlantic City…
Delay sought in Atlantic City casino closings
ATLANTIC CITY, N.J. (AP) – Three Atlantic City-area lawmakers want state casino regulators to force the Showboat and Trump Plaza casinos to remain open at least four more months to let prospective buyers kick the tires. Sen. James Whelan, a…