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  • Korean and Australian casino industry - The Chinese are coming

    Korean and Australian casino industry - The Chinese are coming

    Chinese Casino Investment


    Chinese Developers Eyeing Casino Sites in Korea, Australia



    seven luck casino.jpg

    Foreigner-only casinos, such as the Seven Luck Casino, are common in South Korea. Only non-Koreans can enter them.


    29 JULY 2014


    Chinese real estate developers are turning their eyes to casinos in Korea and Australia, amid the slump in the Chinese realty market.
    According to a recent report of
    ...
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  • New Jersey - Are new casinos in North Jersey a good idea?

    New Jersey - Are new casinos in North Jersey a good idea?



    New Jersey wants to double down on a losing bet. Sites are being considered for proposed North Jersey casinos that would soak up diminishing dollars from an industry that has already overplayed its hand.

    Both Gov. Christie and Senate President Stephen Sweeney (D., Gloucester) say any casino up north must share proceeds with Atlantic City, just as gaming revenue from the south has traveled north over the years. But what can be the benefit to Atlantic City if new North Jersey
    ...
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  • Job possibilities in Maryland for soon-to-be-fired AC workers

    Job possibilities in Maryland for soon-to-be-fired AC workers

    Maryland casino eyes soon-to-be-fired AC workers

    Associated Press 8:39 p.m. EDT July 25, 2014

    (Photo: Wayne Parry, AP)



    ATLANTIC CITY – A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers.
    Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center.
    The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic
    ...
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  • Vegas Casinos cutting Blackjack payouts to six-to-five

    Vegas Casinos cutting Blackjack payouts to six-to-five

    Some Vegas Casinos Have Cut the Payout on Blackjack

    By Krystal Steinmetz



    If you’re looking to play blackjack in Las Vegas, you need to know that some Vegas casino operators are changing their blackjack payouts.

    Earlier this year, Las Vegas Sands, which owns the Venetian and the Palazzo casinos, altered its payouts from three-to-two to six-to-five, according to Pacific Standard. Here’s a different way to look at it: A $10 blackjack hand no longer
    ...
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  • New Jersey - 6 potential buyers for Revel casino, Atlantic City mayor says

    New Jersey - 6 potential buyers for Revel casino, Atlantic City mayor says

    Print
    By The Associated Press
    on July 23, 2014 at 7:34 PM, updated July 24, 2014 at 2:03 AM



    ATLANTIC CITY — Atlantic City's mayor said today there are six potential buyers for the Revel Casino Hotel, which is up for sale next month at a bankruptcy auction.

    Don Guardian also said his administration has been in talks with the current owners of the former Atlantic Club casino about selling it to a new buyer.

    It was not immediately clear whether...
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  • IGT Investor Lawsuit to Halt Takeover Announced by Shareholders Foundation

    IGT Investor Lawsuit to Halt Takeover Announced by Shareholders Foundation

    SAN DIEGO, July 23, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that an investor, who currently holds International Game Technology (IGT) shares, filed a lawsuit in effort to halt the proposed takeover of International Game Technology by GTECH S.p.A. for a value of $18.25 per share.

    Investors, who purchased shares of International Game Technology (IGT) prior to July 16, 2014 and currently hold any of those IGT shares, have certain options and should contact...
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  • Atlantic City Gets 'Junk' Downgrade from Moody's

    Atlantic City Gets 'Junk' Downgrade from Moody's

    Struggling Atlantic City, New Jersey, took another hit Wednesday, as Moody's Investors Service downgraded the city’s general obligation bonds to "junk" status, citing the casino town's declining tax base. The credit rating service cut the city's underlying rating to "Ba1" from "Baa2." It affects $245 million in outstanding debt. "The downgrade to Ba1 reflects the city's significantly weakened tax base, revenue-raising ability, and broader economic outlook,"

    ...
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  • $3-billion Tahiti Mahana Beach Resort and Spa to include casino

    $3-billion Tahiti Mahana Beach Resort and Spa to include casino

    Group 70 International won the bid on $3-billion Tahiti Mahana Beach Resort and Spa.





    Group 70 International Wins Bid on Major Tahiti Resort Project Aimed at Revitalizing the French Polynesian Economy $3 billion project includes five hotels, aquatic park, casino, convention center, theaters and retail shops HONOLULU – www.group70int.com – French Polynesia President Gaston Flosse announced Saturday, July 19, 2014 that Hawaii’s leading design firm Group...
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  • Puerto Rico Plans to Convert Former U.S. Military Base into Casino Resort

    Puerto Rico Plans to Convert Former U.S. Military Base into Casino Resort


    SAN JUAN, Puerto Rico – More than 8,700 acres (3,500 hectares) that once formed part of a busy U.S. naval station in eastern Puerto Rico have been turned over to the government of the U.S. territory, the island's governor said Tuesday.
    The transfer comes nine years after U.S. officials closed the Roosevelt Roads naval station, saying it was no longer needed after the military stopped using the nearby island of Vieques as a bombing range.
    Gov. Alejandro Garcia Padilla said...
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  • Upstate New York casino applicants tell regulators they will deliver jobs and revenue

    Upstate New York casino applicants tell regulators they will deliver jobs and revenue

    ALBANY, New York — Applicants for the four upstate New York casino licenses being granted this year are promising more jobs and tax revenue if they are allowed to develop resorts.
    The New York Gaming Facility Location Board on Tuesday released the executive summaries that were submitted with the 17 casino applications last week. The documents summarize the selling points of each proposal.
    For instance, Caesars Entertainment said its proposed resort in Orange County would become a leading...
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