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Glenn Straub Rues Purchase of Revel Atlantic City
Written by B. Solomon | Tuesday, August 23rd, 2016

When the $2.4 billion Revel casino opened its doors in 2012 it was being hailed as a potential cure for Atlantic City’s ailing gambling market. The venue proved to be a white elephant, though, and after declaring bankruptcy twice in the space of as many years,... 

Zombie Slot Machines To Grab Millennials
Written by A. Mitchell | Monday, August 22nd, 2016

The average US casino generally derives around 70% of its income from slot machines, and in an effort to bring millennials through its doors, the Las Vegas casino industry has launched a new initiative to offer gambling games which better appeal to this demographic.... 

Wynn Palace Casino To Open in Macau on 22nd August
Written by A. Mitchell | Friday, August 19th, 2016

Steve Wynn has completed one of his most ambitious projects to date, the $4.2 billion Wynn Palace in Macau, with the venue’s opening date set for 8 p.m on Monday, August 22. Significant challenges lie ahead for the business, though, as when the casino magnate... 

Massachusetts Casino Generates $180M in Year 1
Written by B. Solomon | Tuesday, August 16th, 2016

Massachusetts opened its first regulated casino on June 24th, 2015, and after one year in business the slot machine parlor in Plainville has generated just over $180 million in gambling revenues. The state subsequently collected $88.2 million in state taxes, which... 

Detroit Casino Revenues Up 3.2% in July
Written by B. Solomon | Thursday, August 11th, 2016

The Michigan Gaming Control Board has released its casino results for July, revealing a slight 3.2% increase in revenues to $118.5 million compared to the same month last year. The City of Detroit subsequently received $14.1 million in gambling taxes, with a further... 

NJ Casino Expansion: To Be or Not To Be!
Written by A. Mitchell | Tuesday, August 9th, 2016

Atlantic City’s Trump Taj Mahal is set to shut on October 10th, with around 3,000 people subsequently expected to lose their jobs. Less than a month later, New Jersey voters will then decide whether or not it is in the state’s interest to authorize... 

Maryland Casino Revenues Rise 5% to $103M in July
Written by B. Solomon | Saturday, August 6th, 2016

The Maryland Lottery and Gaming Control Agency has released its latest results for July, revealing a 5% increase in revenues to $103.8 million compared to the same month in 2015. Furthermore, not only have casino revenues now risen over the past eight consecutive... 

Mississippi Celebrates 25 Years of Casino Gambling
Written by A. Mitchell | Friday, August 5th, 2016

In 1992, Mississippi’s first legal casino opened for business in Harrison County at a time when only a handful of other US states had embraced the industry. Since then, The Magnolia State’s casino market has grown to more than 30 casinos, including... 

Trump Taj Mahal Closure To Leave Just 7 Casinos in Atlantic City
Written by A. Mitchell | Thursday, August 4th, 2016

After much delay and construction costs that ballooned to nearly one billion dollars, the Trump Taj Mahal opened in Atlantic City on April 2, 1990. Billionaire Carl Icahn subsequently bought the property from Trump Entertainment in 2009 after the company filed... 

Nevada Casino Revenues Rise 6.8% to $887M in June
Written by B. Solomon | Tuesday, August 2nd, 2016

The latest gambling results released by the Nevada Gaming Control Board shows that the state’s casinos generated revenues of $887.4 million in June, representing a 6.8% improvement versus the same month in 2015. As a result, the Silver State closed the 2016...