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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... 

Former Tasmanian Premier Frogmarched Out Of Melbourne’s Crown Casino
Written by A. Mitchell | Friday, August 1st, 2014

Australian Labor Party politician and former Premier of Tasmania, Paul Anthony Lennon, was kicked out of Melbourne’s Crown Casino last Thursday night, and although details of the incident are a little sketchy, one witness describes five or six security guards... 

Macau Casino Revenues Fall 3.6% To $3.56bn In July
Written by B. Solomon | Friday, August 1st, 2014

The Chinese territory of Macau has continued expanding ever since overtaking Las Vegas as the world’s largest gambling hub in 2006. In July, however, the former Portuguese colony suffered a second-straight month  of falling revenue for the first time in... 

Macau Casinos Facing Two Straight Months Of Falling Revenues
Written by B. Solomon | Wednesday, July 30th, 2014

For the first time in its history the Chinese gambling hub of Macau is facing the prospects of two straight months of falling casino revenues. In June, Macau’s 35 casinos reported a 3.7% fall in revenues to $3.4 billion, representing the first downturn in business...