Foxwoods, biggest US casino, cuts back on gambling
HARTFORD, Conn. (AP) – Foxwoods, the largest casino resort in North America, is reducing its number of slot machines and table games to free up space for nightclubs and other new attractions as it adapts to fierce competition, the new…
Hustler wants to be first strip club with sports book
Las Vegas’ Hustler strip club on Friday filed an application with the Nevada Gaming Commission to become the first strip club with a sports book. This is a serious application, not a stunt, and if Hustler has to tell strippers…
Caesars Creditor Group Sues for Receiver to Run Operating Unit
(Bloomberg) — A Caesars Entertainment Corp. creditor group said managers should be stripped of control of the casino company’s operating unit because they looted the subsidiary of billions of dollars in assets. UMB Bank, trustee for first-lien noteholders owed about…
Caesars Credit Swaps Jump as Lenders Said to Agree on REIT Plan
(Bloomberg) — Swaps protecting Caesars Entertainment Corp. investors from default jumped to a record after the largest U.S. casino operator reached an agreement with lenders to turn its biggest unit into a real estate firm, indicating the market has priced…
Borgata undergoing $13 million facelift targeting suites, spa and buffet
By Vicki Hyman | NJ Advance Media for NJ.com As one Atlantic City casino after another folds, the Borgata has announced a $13 million facelift of its casino floor, buffet, spa and suites starting next month. The renovation of the…
Icahn: Taj Mahal ‘a bad investment for me’
ATLANTIC CITY, N.J. (AP) — Billionaire Carl Icahn says buying Atlantic City’s Trump Taj Mahal casino would be “a bad investment for me.” But in a letter Tuesday to Bob McDevitt, the president of its main union, Icahn says he’s…
Bankruptcy wrangling for ex-Trump, Revel casinos
ATLANTIC CITY, N.J. (AP) – Some of the hottest action in Atlantic City involves closed casinos in bankruptcy court, where Donald Trump is trying to recoup rent he paid on a driveway and the city is fighting to collect more…
Seminole Tribe's lucrative gambling compact with Florida could end if no action is taken
By: Emon Reiser Florida could lose about $116 million a year if an exclusive deal between the Broward-based Seminole Tribe and the state expires. The agreement signed in 2009 gave the tribe exclusive rights to conduct card games like blackjack…
Navy commander linked to fake poker chips
WASHINGTON (AP) – The admiral fired last year as No. 2 commander of U.S. nuclear forces may have made his own counterfeit $500 poker chips with paint and stickers to feed a gambling habit that eventually saw him banned from…
New Jersey racetrack plans fantasy sports betting
OCEANPORT, N.J. (AP) – A New Jersey racetrack says it will soon offer fantasy sports betting. Monmouth Park officials announced their plans in a statement Saturday. It came one day after a federal judge ruled the state can’t partially lift…