Category: News

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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Feb 5, 2015

WSOP Main Event Payout Changes, WhiteCastle Las Vegas Opens, SB Betting

The World Series of Poker rolled out a special announcement with its 2015 schedule for its annual Las Vegas summer series. This year’s Main Event winner was to be guaranteed $10 million. This

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Jan 22, 2015

Caesars Files Bankruptcy, Olympic Betting, AC Revenue, Linq Poker Closing

The largest operating unit of Caesars Entertainment has filed for bankruptcy protection. The filing came early Thursday. The company hopes to eliminate $10 billion of its debt. An estimated 80 percent of the

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Jan 12, 2015

Nevada Casinos Lose $743.7 Million, Revel Sale Approved, Indiana Fantasy Sports at Racinos, AC Race Closing

The Las Vegas-Review Journal reported today that Nevada casinos posted a cumulative operating loss of $743.7 million in 2014. While that sounds terrible, it was about half of the loss from the previous

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Dec 22, 2014

Caesars Entertainment to File Bankruptcy, Taj Stays Open, SLS Struggles, NY Casinos

It is official. A Caesars Entertainment operating subsidiary will file for bankruptcy in January. The subsidiary carries $18.4 billion of the company’s nearly $23 billion in debt. The bankruptcy would shed about $10

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Dec 9, 2014

Taj Stays Open, Massachusetts Gambling, Megabucks

Trump Taj Mahal has once again pushed back their closings date. The financially troubled Atlantic City hotel announced that it will close no earlier than December 20. The latest closing date before that

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