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The Atlantic Club Officially Closes
January 14th, 2014 By John Marsh

The Atlantic Club Officially Closes

orThe Atlantic Club Casino Hotel shut its doors for good early yesterday morning due to the over saturation of casinos in the Northeast US. When once Atlantic City was the Las Vegas of the east coast and the go to spot for gambling in the east, it is no longer the only option for casino goers, […]

More on Macau and What is a Junket Operator?
January 10th, 2014 By April Bergman

More on Macau and What is a Junket Operator?

Despite Macau’s thriving success, raking in $45 billion last year, up 19% from 2012, there may be trouble coming in paradise. Hedge fund success stories Wynn Resorts and Las Vegas Sands continue to overshadow the number two global gambling hub, Las Vegas, which is showing only about $6 billion in revenues for last year. However, […]

Las Vegas Gaming Revenue One-Seventh of Macau’s
January 8th, 2014 By Stan McCormick

Las Vegas Gaming Revenue One-Seventh of Macau’s

The latest reports on Macau gaming revenue are in, and it’s painfully obvious for Vegas that Macau is by far the richest gambling hub, with a day’s worth of gambling revenue in Macau worth a week’s worth of gambling revenue on the Strip. With gambling revenue up a whopping 19% from last year, Macau has […]

Massachusetts Gaming Commission Recommends Wynn License
January 7th, 2014 By John Marsh

Massachusetts Gaming Commission Recommends Wynn License

It wouldn’t look too keen if the Massachusetts Gaming Commission denied another big-name casino brand from an operational license, so Wynn Resorts is now recommended to be found suitable to open a casino resort in the town of Everett. The commission released a report Monday, clearing the way for Wynn, though it’s not the only […]

Lowering the Lights on Atlantic City Part Two
January 5th, 2014 By April Bergman

Lowering the Lights on Atlantic City Part Two

What happened to the Atlantic Club? The small and antiquated Atlantic Club was one of Atlantic City’s weakest casinos, and it came down to its inability to pay property taxes because revenue had slowed so much. Steve Wynn built the property in 1980, which opened as the Golden Nugget. Thirty-three years later, the casino filed for […]

Lowering the Lights on Atlantic City Part One
January 5th, 2014 By April Bergman

Lowering the Lights on Atlantic City Part One

The past few years have not been the best in terms of the gambling industry in Atlantic City, and it wasn’t anything shocking when it was announced last month that the Atlantic Club, one of Atlantic City’s oldest casinos, would close. The casinos in New Jersey have just been hit especially hard by the growing […]

More Suitability Concerns for Casino Executive
January 2nd, 2014 By John Marsh

More Suitability Concerns for Casino Executive

Two weeks ago, Tim Poster, former Golden Nugget owner, requested preliminary suitability from the Nevada State Gaming Control Board Gaming Commission and was rejected. Now he seeks an appeal for a finding of suitability that is one level below full gaming licensure in order to take back his position as COO of Wynn Las Vegas. […]

Las Vegas Casino Projects in 2014 and Beyond: Resorts World, SLS Las Vegas
December 28th, 2013 By John Marsh

Las Vegas Casino Projects in 2014 and Beyond: Resorts World, SLS Las Vegas

Since 2010 when the Cosmopolitan of Las Vegas opened, there has not been a new megaresort built in Sin City. But Malaysia-based Genting Group has announced they will begin construction on Resorts World Las Vegas casino this year, a project that is expected to cost between $2 billion and $7 billion. The 87-acre site where […]

And Then There Were 11 Atlantic City Casinos
December 26th, 2013 By April Bergman

And Then There Were 11 Atlantic City Casinos

Unfortunately, the economic hardships of the land-based gambling industry in the US, particularly Atlantic City, have finally hit hard enough that New Jersey’s sixth oldest casinos will shut its doors forever in the new year. The Atlantic Club Casino Hotel, which first opened in 1980 by Steve Wynn as the Golden Nugget will close down […]

Wynn One Step Closer to Eastern Massachusetts Casino Licesnse
December 21st, 2013 By Stan McCormick

Wynn One Step Closer to Eastern Massachusetts Casino Licesnse

The investigative bureau for the Massachusetts Gaming Commission has announced that their recommendation for the regulatory board to find Wynn Resorts to be a suitable fit for the new Massachusetts gambling industry to set up shop in Everett, Massachusetts, pending the receipt of the sole eastern Massachusetts casino license. The commission released a report Monday […]

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