Archived Global Gaming & Hospitality News

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Found: 264 archived news articles

Revel will seek sale to second-highest bidder

Posted: December 10, 2014 Posted by: Press of Atlantic City

Revel Casino Hotel will seek a sale to the Polo North Country Club after Brookfield Property Partners backed out of its agreement to purchase the Property.
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Second Philadelphia gaming license to be awarded on Nov. 18.

Posted: November 9, 2014 Posted by: Morning Call

The Pennsylvania Gaming Control Board plans to award a second Philadelphia casino license on November 18. Four applicants submitted plans two years ago.
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Chances of Tokyo's first casino by 2020 Olympics declines

Posted: September 29, 2014 Posted by: Reuters

Tokyo government downgrades the priority of potential casino projects. The likelihood of opening Japan’s first casino in Tokyo before the 2020 Olympics becomes increasingly unlikely.
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Atlantic City casino revenue dips, while profit rises

Posted: August 22, 2014 Posted by: The Press of Atlantic City

Casinos in Atlantic City report net revenues dropped 4.9% during the first half of the year, while gross operating profits for the same period are up by 17.3%.
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Caesars, bondholders file dueling lawsuits

Posted: August 5, 2014 Posted by: Bloomberg

Caesars Entertainment Corp. has filed a lawsuit against 30 bondholders as the company attempts to restructure $12.7 billion in debt.
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New York casino proposals to be made around Labor Day

Posted: July 22, 2014 Posted by: The Saratogian

Applicants will deliver oral presentations on local proposals around Labor Day. The presentations will be made to the public and the state’s gaming commission.
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Caesars Entertainment open to sell of Showboat

Posted: July 9, 2014 Posted by: Philadelphia Inquirer

Caesars Entertainment will consider selling the Showboat Casino in Atlantic City instead of shutting it down. Caesars announced in June that the property would cease operations, sending its 2,100 employees notices that the casino planned to close August 31.
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Macau gaming revenues decline for the first time in four years

Posted: July 1, 2014 Posted by: Reuters

Macau gaming revenue dropped 3.7% in June 2014, representing the first decline in four years. Analysts believe the market will rebound growth and regain momentum in coming months.
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New York casino applications narrow

Posted: June 5, 2014 Posted by: Sacramento Bee

The field of New York casino applicants continues to narrow, as another partnership pulled out of the race. The development group cites the possibility of a competing casino closer to New York City that would make their proposal unsustainable
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National Governors Association opposes online gaming ban

Posted: May 19, 2014 Posted by: The Hill

The National Governors Association has formally opposed any ban against online gaming. The Association issued a letter to Congress detailing opposition to a national online gaming ban, expressing concern that such action would challenge the federal-state relationship.
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