Industry Headlines

By Sadonna Price

Atlantic City’ Gaming Industry Expected To Have A Good Year In 2018

January 3, 2018

Atlantic City’s economy has suffered during the last decade mainly because the once thriving gaming industry has been in decline. After years of declining casino revenues, the city might be on the verge of turning things around. There are several factors that seem to indicate that 2018 will be the year, when this southern New […]

By Sadonna Price

Caesars Casino Owners Announce Plans For IPO On NYSE

December 28, 2017

Vici Properties, the real estate trust that owns Caesars Entertainment Corporation is planning an initial public offering (IPO) to help fund its efforts to balance the books. The Caesars brand is best-known for its many casinos and golf courses but the company has gone through troubled times in the recent past and has just come […]

By Sadonna Price

San Manuel Casino To Phase Out Bingo Halls For Slot Machines

November 23, 2017

San Manuel Casino finally retired what was once California’s second-largest bingo operation and chose to embrace change in order to cater to a younger and more energetic audience. The fact that the bingo operations had declined significantly over the years and that there was a demand for slot machines, made it easy for the company […]

By Sadonna Price

New York Firm Expresses Interest In Acquiring Sands Bethlehem

October 16, 2017

Keating & Associates LLC, a firm based out of New York has confirmed that it is interested in acquiring the Sands Bethlehem casino resort in Pennsylvania. The company had earlier expressed interest in acquiring the former Revel Casino in Atlantic City which is currently owned by Glenn Straub. Keating & Associates stated that it has […]

By Sadonna Price

Golden Gate Casino’s Reopening Creates A Buzz In Downtown Las Vegas

September 8, 2017

The recent reopening of the revamped Golden Gate hotel located in Fremont Street marks the growing resurgence of downtown Las Vegas as a gaming market. The 111-year-old property underwent an exhaustive renovation under which the size of its gaming floor was doubled and the property’s façade was redesigned with elements from the Jazz Age. The […]

By Sadonna Price

Pennsylvania’s Last Casino License Bid Faces Strong Opposition

May 9, 2017

The last available horsetrack and casino license in Pennsylvania has so far drawn interest from just one bidder who has a contentious plan. David Levan, a developer from Adams County has applied for the license, proposing to set up the facility near the historical site of Gettysburg in the state. The proposal has already become […]

By Sadonna Price

U.S. Casinos Banning Gamblers Who Indulge In Money Laundering

December 13, 2016

There has been a hike in the number of people who have been banned from United States casinos according to a recent U.S. gaming industry report. In a statement, A.G. Burnett, Nevada Gaming Control Board Chairman said, Definitely in the last four years we’ve seen what I would consider a bit of an uptick in […]

By Sadonna Price

Jack Lam ‘Escapes’ Philippines As Fontana Casino Gets Shutdown

December 7, 2016

Philippines President Robert Duterte had ordered the arrest of Jack Lam, who runs the Fontanta Casino and Sporting club in the Philippines for running an illegal online casino operation at the casino premises. The authorities raided the casino and arrested hundreds of Chinese employees who were allegedly part of the illegal online gambling operation. However […]