A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week. The casino said in the bankruptcy court filing that Glenn Straub’s Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort.
In a bold move to challenge the federal government’s ban on sports betting in most states, New Jersey Gov. Chris Christie issued a directive Monday allowing the state’s casinos and racetracks to offer sports betting effective immediately.
Gaming Yesterday | Being knowledgeable about sports wagering is not a must in today’s books. It wasn’t always like that.
GTECH, the Italy-based slot manufacturer that is in the process of acquiring International Game Technology (IGT), has produced a 3-D slot machine that is making its Atlantic City debut this week at the Tropicana Hotel/Casino.
Global Cash Access Holdings Inc. (GCI), whose primary source of business is providing cash solutions to the casino industry, announced Monday it has agreed to acquire Multimedia Games Holding Co. for $1.2 billion in cash.
Some junior bondholders have filed suit against Caesars Entertainment Corp. (CZR) charging that the company has made a “backroom deal” with other bondholders to their detriment.
Like Massachusetts, New York decided late to get into the casino business. At least, the lawmakers were not motivated in that direction until Gov. Andrew Cuomo began pushing for four casinos to be licensed in the northern part of the state.
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