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RIP Showboat Atlantic City: 1987 To 2014
Written by S. Taylor | Tuesday, September 2nd, 2014

In March 1987, the Showboat Hotel and Casino opened with great fanfare in Atlantic City, but 27 year later the Mardi Gras themed casino has become yet another casualty of New Jersey’s waning gambling industry and has now shut its doors for good. Following... 

Macau Casino Revenues Down For 3rd Straight Month In August
Written by B. Solomon | Monday, September 1st, 2014

Back in June, Macau surprised analysts when its revenues fell for the first time in five years, but the trend has continued into July and now August marking three consecutive months of decline for the Chinese gambling hub. According to Macau’s Gaming Inspection... 

Finally, $2.4m Slot Jackpot Struck After 20 years!
Written by A. Mitchell | Wednesday, August 27th, 2014

MGM produced fifty Lion’s Share slot machines 20 years ago, and five years later 49 were removed leaving just one still remaining at the MGM Grand in Las Vegas. There it then stood waiting for the jackpot to be won before officially being retired, a feat... 

Caesar’s Entertainment Loses $466m In Q2
Written by B. Solomon | Tuesday, August 19th, 2014

Caesars Entertainment Corp (CZR) has released its results for the second quarter of 2014, revealing a 3% increase in revenues to $2.19 billion from $2.12 billion in Q2 a year earlier. However, the Nevada-based casino giant is carrying a high debt burden of $24.2... 

New Jersey iPoker Returns To Growth In July
Written by B. Solomon | Thursday, August 14th, 2014

After suffering declines over the past three months, New Jersey’s online gambling industry returned to growth in July, with revenues higher by 5.6% at $10.07 million compared to the $9.51 million generated in the previous month. From that tally, online casino... 

Revel Atlantic City A $2.4bn Flop, Shutting In September
Written by S. Taylor | Wednesday, August 13th, 2014

The $2.4 billion Revel Casino Hotel opened to the public in April, 2012, but ten months later the casino resort filed for Chapter 11 bankruptcy. In May 2013, Revel was then granted court approval for a restructuring plan to reduce its $1.503 billion debt to $272... 

Ohio Casino Revenues Slump 5.6% In July
Written by B. Solomon | Friday, August 8th, 2014

Ohio’s casinos have followed up last month’s year-on-year gambling slump by posting yet another decline in revenues, this time around with the state’s four casinos generating $68 million in July, down 5.6% compared to the same month in 2013. Commenting... 

Donald Trump Sues To Have His Name Removed From AC Casinos
Written by A. Mitchell | Wednesday, August 6th, 2014

American business magnate Donald Trump is currently suing Trump Entertainment Resorts, a company in which he holds a 10% stake, in order to have his name removed from two of its Atlantic City casinos, namely the Trump Plaza and Trump Taj Mahal. At the heart of... 

Maryland Casinos Up 10% To $76m In July
Written by B. Solomon | Wednesday, August 6th, 2014

The Maryland Lottery and Gaming Control Agency has released its casino results for July, revealing an impressive 9.7% increase in revenues to $76 million compared to the $69.27 million generated in same month of last year. Of the state’s four casinos, Maryland... 

Cyprus To Grant First Casino Licence Within A Year
Written by S. Taylor | Friday, August 1st, 2014

Back in 2007, a Cyprus government sponsored report estimated that the Eastern Mediterranean island could expect to collect around €50 million ($67m) each year in government taxes from a casino industry. The figure is a significant amount considering the country...