Revel sale resurrected; $82M price agreed on for ex-casino (updated)
ATLANTIC CITY, N.J. (AP) – A Florida developer agreed to buy Atlantic City’s former Revel Casino Hotel for $82 million on Tuesday, a week after a bankruptcy judge declared his former deal to buy it at a higher price dead….
The 'Red King of Gambling' owes $160 million, and that says everything about China's problems
Shao Dongming is the CEO of Chinese property development company Dongding Investment, and he’s one of richest men in Shanghai. He’s also known as the red king of gambling, infamous for going to Macau and making multi-million dollar bets with…
Aussie gamblers suffer world’s worst losses
Australians continue to lose more to gambling than any other industrialised nation, and poker machines are the main cause. On average, Australian adults bet $1600 each year, British firm H2 Gambling Capital estimates. The only nation that comes close to…
Brooklyn Bingo Hall Running $4M Illegal Gambling Ring, Prosecutors Say
MIDWOOD — The owner of a longtime bingo hall with a graying customer base has been operating an illegal gambling ring worth millions of dollars and plans to abscond to Costa Rica in the near future, Brooklyn prosecutors say. Adam…
Attorney general investigating Cuomo's casino picks
Two applicants rejected by the Cuomo administration’s Gaming Facility Location Board last December—Tioga Downs of Nichols, N.Y., and Traditions at the Glen of Johnson City, N.Y.—have been interviewed by the attorney general’s office, according to a source with knowledge of…
Genovese crime family's sports betting ring takes hit in South Florida, police says
Broward deputies help to crack multimillion-dollar racketeering network BROWARD, Fla. – Pasquale "Patsy" Capolongo is obsessed with gambling. From horses to professional football, basketball, baseball and college sports — he has bet on it all. The grandfather — who is…
Con men swindle Atlantic City casinos out of millions
Video only http://www.cnbc.com/id/102420860#. Replies: Posted by: Dr Crapology on February 21, 2015, 12:40 pm And we thought that dice control was the way to go. HOWEVER dice control is legal.
Revel Allowed to Scrap Second Bankruptcy Sale and Try Again
Michael Bathon, Bloomberg · February 19, 2015 at 6:50 pm Share on facebookShare on twitterShare on emailShare on pinterest_shareMore Sharing Services 0 Revel AC Inc., the bankrupt Atlantic City casino, is hoping to be third-time lucky after it won a…
Riviera purchase seen being OK’d despite short-term job losses
Richard N. Velotta, Las Vegas Review-Journal · February 19, 2015 at 5:46 pm Share on facebookShare on twitterShare on emailShare on pinterest_shareMore Sharing Services 0 When the Las Vegas Convention and Visitors Authority board of directors takes up the acquisition…
Lottery audit: Winners used dead people’s IDs to collect
Julie Walker, Associated Press · February 19, 2015 at 4:17 pm Share on facebookShare on twitterShare on emailShare on pinterest_shareMore Sharing Services 0 LAWRENCEVILLE, N.J. (AP) – Forty-six New Jersey lottery winners from July 2013 to July 2014 used Social…