Lower trigger of $600 for jackpots seen as costly for casinos
Howard Stutz, Las Vegas Review-Journal A Wall Street gaming analyst calculated that individual casinos could lose roughly $530,000 per year under a proposed Internal Revenue Service change that would lower the reporting rules for casino customer winnings. The suggested move…
February Atlantic City casino revenue down 14.8 percent
Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) – Atlantic City’s February casino revenue declined by 14.8 compared with a year ago, when there were 11 casinos operating instead of the current eight. Even the eight surviving casinos saw their…
February 2015 Atlantic City casino revenue
Here is a look at Atlantic City casino revenue in February 2015 and how it compares with February 2014’s: Bally’s: $14.3 million, down 13.6 percent Borgata: $48.6 million, down 2.7 percent Caesars: $24.6 million, down 3.7 percent Golden Nugget: $15.9…
New bidders try to squeeze into Revel casino sale process
Wayne Parry, Associated Press CAMDEN, N.J. (AP) – Nineteen would-be buyers of Atlantic City’s former Revel Casino Hotel have expressed interest in acquiring the shuttered seaside gambling hall. To them, Revel’s lawyers had a simple response Thursday: Show us the…
From Casinos To Cannabis: Indian Tribes Eye Pot Profits
Last December the Justice Department gave a yellow light to marijuana legalization on tribal land, saying it would treat reservations like states in deciding how to enforce the Controlled Substances Act. Two months later, the very first Tribal Marijuana Conference,…
Leaving Las Vegas: The best casinos outside Sin City
#10: The Silverado-Franklin – Deadwood, S.D The Franklin Hotel boasts quite a history – Teddy Roosevelt, Babe Ruth and John Wayne are among its most notable guests since it opened in 1903. The history doesn’t end there though, as you…
Group predicts March Madness wagers will hit $9 billion
Bettors stand in line to make their wagers at the LVH sports book during the second round of the NCAA basketball tournament Thursday, March 20, 2014. The American Gaming Association is again using a major athletic event to draw attention…
Mafia thrives on Italy's legalized gambling addiction
(Reuters) – Legalizing gambling in Italy was supposed to help curb the mafia. Unfortunately, prosecutors say, it has only created new opportunities for the mob. Cash-strapped Italian governments desperate for revenue have relaxed the rules on betting over the past…
(Las Vegas) The Riviera hotel-casino officially announced Wednesday it will close May 4 at noon.
Kristen Desilva, Las Vegas Review-Journal · The Riviera hotel-casino officially announced Wednesday it will close May 4 at noon, according to a news release. The announcement comes shortly after the historic Las Vegas landmark was sold to the Las Vegas…
Caesars attorney says company ‘looking seriously’ at lost pension payments
Howard Stutz, Las Vegas Review-Journal · An attorney for a bankrupt division of Caesars Entertainment Corp. told the Gaming Control Board on Wednesday that the casino operator was “looking seriously” at the issue surrounding retired company employees who lost their…