Category: News

May 2, 2015

Revel Not Likely To Reopen This Summer, Harrah’s Fights New Orleans Smoking Ban, and ePoker Legal in Wisconsin

Revel Will Not Open This Summer Revel and its new owner Glenn Straub found out this week that the New Jersey gaming license is not transferable. This means that Revel’s new management team

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Apr 26, 2015

Wynn Resorts Board Battle, Revel Power to be Restored, and Gold Strike Sale Approved

Elaine Wynn Loses Board Battle A battle to oust Elaine Wynn from the Board of Directors at Wynn Resorts appears to be successful. Elaine Wynn was unable to win election to the board

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Apr 11, 2015

Revel Closes, Then Loses Power, Gold Strike to Be Sold, and Golden Nugget Unshuffled Card Case Continues

Revel Sale Finally Closes The sale of Revel in Atlantic City has finally closed.  Glenn Straub and his Polo North group acquired the hotel for about $82 million on Tuesday.  That opened the

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Mar 28, 2015

Caesars Blasted at Hearing, Venetian Sued Over Resort Fees, Resorts World Groundbreaking

Nevada Gaming Regulators Slam Caesars at Hearing Nevada gaming regulators described Caesars Entertainment’s operating unit’s bankruptcy as “embarrassing”, among other interesting comments, at a hearing on Thursday.  The bankruptcy was discussed as to

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Mar 21, 2015

Megabucks Hits, Revel Trying to Close Sale, Nevada Lottery Bill, and More

Megabucks $10.7 Million Jackpot Hit Trinidad Torres was visiting Las Vegas this week. She was staying at Westgate, formerly the Las Vegas Hilton and LVH. She deposited $100 into a Megabucks slot machine

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Mar 7, 2015

Macau Drops Again, IRS Considers Decreasing Jackpot Reporting, and Iran Behind LVS Hacking

Macau Posts 49 Percent Drop in Gaming Revenue Macau posted a February 2015 gaming win of $2.44 billion. That was down 49 percent from February 2014, the peak of gaming revenue in Macau. 

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Feb 28, 2015

Revel Sale Back On, Trump Taj Mahal May Be Saved, and Caesars Sells Ohio Casino Stake

Revel Sale Back On Revel and Glenn Straub are back at the bargaining table. No interested parties emerged to acquire Revel after the deal with Strain was called off last week. The two

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Feb 21, 2015

Riviera Sale Approved, Revel Deal Officially Dies, Las Vegas Strip Revival

Revel Sale Officially Collapses Investor Glenn Straub challenged the termination of the Revel sale that we reported last week. The February 9, 2015 deadline passed before the deal closed. Straub had concerns about

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Feb 14, 2015

Riviera Closing, Revel Sale Fails Again, and Olympic Betting Coming to Nevada

Riviera Las Vegas Implosion Rumors Confirmed The buzz in Las Vegas this week is that the Riviera will be sold to the Las Vegas Convention and Visitors Authority (LVCVA). The convention center group

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Feb 11, 2015

Loveman Steps Down at Caesars, Second Biggest Super Bowl Bets, WSOP Schedule, Clarion Imploded

Caesars Entertainment CEO Gary Loveman is stepping down from his position. The decision comes amid the company’s bankruptcy filing and proceedings. The company looks to shed half of its debt and restructure into

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