Nevada’s original underground economy was a real hole
Lehman Caves National Monment in Great Basin National Park as seen on Sunday, June 16, 2014. By JENNIFER ROBISON LAS VEGAS REVIEW-JOURNAL Long before the Mob trolled the Strip, a small corner of Nevada had its own underground economy. After…
Atlantic City casino shutdown needed, analysts say
Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) – Atlantic City started the year with 12 casinos. By Labor Day, it could be down to nine. For years, economists and analysts talked in theoretical terms about “casino saturation” in the…
California cracks down on ‘sweepstakes cafes’
SACRAMENTO, Calif. (AP) – Next to a massage parlor, a doughnut shop and a liquor store, more than two dozen people sat inside a darkened business in a strip mall dropping $2 bets on electronic games with names such as…
Want the Palms Place rooftop penthouse? You can snag it for $38 million
More pictures http://www.malibuvenue.com/venues/celebrity-billionaires-skyvilla-las-vegas/ Phil Maloof is ready to part ways with his flashy rooftop party pad at the Palms. But he’s not going cheap: He wants $38 million. Maloof, whose tycoon family built the Palms and for years owned the…
Limo CEO, aides to plead guilty in Las Vegas racketeering conspiracy
Limousine company operator Charles Horky and two top aides have agreed to plead guilty in a multimillion-dollar racketeering conspiracy involving prostitution, drug trafficking and fraud, the Las Vegas Review-Journal has learned. By JEFF GERMAN LAS VEGAS REVIEW-JOURNAL Limousine company operator…
Caesars to close Showboat in Atlantic City on Aug. 31
ATLANTIC CITY, N.J. (AP) – Casino contraction hit Atlantic City for the second time this year, as the parent company of the Showboat Casino Hotel announced Friday it will close the Mardi Gras-themed casino on Aug. 31. Caesars Entertainment told…
Nevada gaming revenues up 8.11 percent in May
Howard Stutz, Las Vegas Review-Journal Nevada gaming revenue jumped 8.11 percent in May, which included the Strip’s largest single-month increase this year. The Gaming Control Board said Friday casinos statewide collected $970.3 million in the month. Strip casinos collected almost…
Awake, and digesting the latest news from Caesars
Commentary By Jeffrey Compton; Its 4:00 a.m. in the morning – Cleveland time. I’m in my middle of my morning CDC newsroom editing chores (albeit a little early, but I am on a new training regimen that has thrown my…
Illinois casinos complain video gambling hurting bottom line
Illinois casino officials say they severely underestimated the impact video gambling would have on their bottom line and are asking state regulators to intervene as they continue to lose business to machines at neighborhood bars and truck stops. Tom Swoik,…
Pals Who Tossed $1 Million Lotto Ticket Sue New Jersey for Cash
Pals Who Tossed $1 Million Lotto Ticket Sue New Jersey for Cash Erik Larson, Bloomberg · (Bloomberg) — Two best friends who say they threw out a $1 million winning New Jersey lottery ticket, based on outdated information, sued the…