Revel Allowed to Pay Bonuses If Sale Nets High Enough Price
Michael Bathon, Bloomberg July 30 (Bloomberg) — Revel AC Inc., whose Atlantic City, New Jersey, casino has been in bankruptcy twice since it opened in 2012, won permission to pay executive bonuses of as much as $1.75 million tied to…
Home owned by Trump holdout auctioned for $530,000 (updated)
Samantha Henry, Associated Press She once called Donald Trump “a maggot, a cockroach and a crumb.” This week, he remembered her as “an impossible person.” The woman who became a folk hero for resisting decades-long efforts by big-name developers like…
Billionaire Packer linked to key Strip parcel
James Packer, Executive Chairman of Publishing and Broadcasting Limited and Australia’s richest person, answers questions following his speech at the Astra Conference on subscription television in Sydney, Australia, on Thursday, March 15, 2007. By HOWARD STUTZ LAS VEGAS REVIEW-JOURNAL The…
3 key defendants in World Cup case ordered released
With some of the world’s top poker players in the courtroom, a federal magistrate Thursday ordered the release on bail of three key defendants arrested in an alleged World Cup betting scheme. Malaysian junketeer Seng Chen “Richard” Yong, 56, was…
Christie signs gambling self-exclusion bill
AP TRENTON, N.J. (AP) – Gov. Chris Christie signed a bill into law Thursday that will allow gamblers to ban themselves from casinos or gambling websites without having to admit they have a gambling problem. The law applies to people…
Commentaries: It’s Time to Prohibit Smart Phones at the Baccarat Table
By Eliot Jacobson, Ph.D. For gaming revenue, worldwide, no casino game comes close to baccarat. As new casinos are built and new jurisdictions open, there is increasing competition for premium baccarat players. In a buyer’s market, these players have the…
Mohegan Sun, Wynn Resorts release two drastically different quarterly earnings reports
This composite shows artist renderings of the proposed Mohegan Sun casino at Suffolk Downs in Revere, Mass., top, and the proposed Wynn Resorts casino in Everett. Only one company will win the Eastern Massachusetts casino license to open one of…
Scientific Games to Buy Bally Technologies for $5.1 Billion
(Bloomberg) — Scientific Games Corp. agreed to buy Bally Technologies Inc. for about $5.1 billion, including debt, combining the two makers of slot machines and lottery games. Scientific Games will pay $83.30 in cash per Bally common shares, the companies…
Police: Bellagio robber used cash on hookers, clothes
After saying he found a black bag filled with cash, the man charged with robbing the Bellagio Friday night blew through $10,000 on a room at the Hard Rock resort, shopping at the Forum Shops at Caesars Palace and four…
Wynn Resorts 2nd quarter earnings fueled by Wynn Las Vegas, Encore
Wynn Resorts Ltd. grew second quarter profits and revenue, but attributed much of the results to the company’s two Strip resorts, not its lucrative Macau holdings. The company, which operates Wynn Las Vegas and Encore, said Tuesday its net income…