The “Atlantic City 14″ and the Future of Advantage Play
By Eliot Jacobson, Ph.D. The saga of the 14 gamblers who won $1.5 million from the Golden Nugget in Atlantic City by exploiting un-shuffled cards in mini-baccarat continued this week. In case you missed the story, in April, 2012, these…
GENERATOR TRUCKS ARRIVE AT POWERLESS REVEL CASINO SITE
Short video http://6abc.com/news/generator-trucks-arrive-at-powerless-revel-casino-site/658742/ Wayne Parry, Associated Press · ATLANTIC CITY, N.J. (AP) – Three portable generator trucks arrived Tuesday at the site of Atlantic City’s former Revel casino, which has been without utility service since last week. Florida developer Glenn…
AC Casinos making money again
Jeff Blumenthal Reporter- Philadelphia Business Journal Despite four of them going out of business and other troubling economic issues, Atlantic City casinos made money in 2014. CBSPhilly.com said gross operating profits for the still open gaming halls rose last year…
Casinos are taking money from gamblers faster than ever
Players deserve better gambling value, consultant says By Mark Gruetze. Tribe live Casinos are taking money from gamblers faster than ever and need to change tactics as competition increases, a veteran gaming consultant says. That might range from loosening penny…
Manfred: If you bet on baseball, you'll be banished
Major League Baseball commissioner Rob Manfred said Friday that the crime of betting on baseball is worse than using steroids, while appearing on CNBC’s "Squawk Box." Those statements do not seem to help the case of Pete Rose, who has…
Deal closes on sale of ex-Revel casino; Straub new owner
Wayne Parry, Associated Press · ATLANTIC CITY, N.J. (AP) – Revel, the billion-dollar resort bust that was once widely viewed as the potential savior of Atlantic City’s struggling casino industry, is getting a second chance as part of a Florida…
Legislator ends bid to bring resort casinos to Florida
Gary Fineout, Associated Press TALLAHASSEE, Fla. (AP) – A push to bring Las Vegas-styled resort casinos to South Florida is once again being rejected by the state Legislature. The idea was a long shot from the start, but a top…
In year of 4 shutdowns, AC casinos grew profits 44 percent
Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) – Here’s a rare instance of Atlantic City’s rash of casino closures actually bringing good news to the industry. The casinos increased their gross operating profits by 44 percent last year, according…
A timeline of Atlantic City’s Revel Casino Hotel
Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) – A look at key moments in the history of Atlantic City’s Revel Casino Hotel: – September 2007: Revel Entertainment and partner Morgan Stanley file plans for a new casino and 3,800…
IGT stock soars on 1st day as new company
What a day Tuesday for International Game Technology. It began with the official completion of the $6.4 billion merger/acquisition by Italy-based GTECH, first announced last summer and which retains the iconic IGT name dating to the 1970s in Reno. Then…