World's online gaming authority since 1995

Deutsche Bank Sells Las Vegas Cosmopolitan to Blackstone

Blackstone Group Deutsche Bank Las Vegas Cosmopolitan

Ever since they foreclosed on The Cosmopolitan of Las Vegas back in 2008, Deutsche Bank has been looking to unload the casino and hotel onto anyone willing to give them a good price. After all, they’re a bank, not a casino operator, and that made the venue a very awkward fit. Major casino firms around…Read More

New York Casinos Set $350 Million Minimum for Prized Locations

New York State casinos

We’re still at least a few years away from a real casino being proposed in New York City, and it’s hard to imagine just how competitive – and expensive – the fight for that license will be. Until that time, the most desirable locations in New York State are those closest to the city, and…Read More

New Jersey Online Gambling Revenue Drops for First Time

Atlantic City New Jersey online gambling revenue drop

While the revenues from New Jersey’s emerging online gambling market have been small, most observers have remained upbeat about the long-term prospects for Internet gambling in the state. After all, since the launch of the sites in November of last year, online casino and poker games have brought in more and more money each month,…Read More

Massachusetts Gaming Chair Faces Pressure to Resign

Stephen Crosby Massachusetts Gaming Commission

For Stephen P. Crosby, it’s been a rough patch. Recently, the Massachusetts Gaming Commission chairman removed himself from discussion about the various casino proposals in the Greater Boston area over concerns about his impartiality. Now, that move has led many officials and critics to call for Crosby to step down from his position in order…Read More

Caesars Interactive Continues Strong Growth

Mitch Garber Caesars Interactive

In what could be deemed a kind of modern “A Tale of Two Cities,” – in this case, Las Vegas and Atlantic City – it’s been the best of times and been the worst of times for Caesars lately; and for Caesars Entertainment – the company’s parent division – mostly the latter. They seem to…Read More

Genting to Take Las Vegas Strip to Next Echelon with Resorts World

Genting Resorts World Las Vegas

Representatives from Malaysia-based casino giant Genting met with the Las Vegas Gaming Control Board last week to answer questions about the suitability of their proposed $4 billion project for the Las Vegas Strip, Resorts World Las Vegas.  That meeting resulted in the preliminary approval of a gaming license. Genting acquired the abandoned Echelon project 14…Read More

Caesars Entertainment Restructures Mega-Debt

Caesars Entertainment debt

It may be the most famous gambling empire in the world, but Caesars Entertainment’s debt levels currently outstrip those of the bankrupt city of Detroit. In the week that the company announced its first quarter earnings, Caesars also announced that it would be restructuring its colossal debt, which stands at $23 billion, a gaming industry…Read More

Massachusetts High Court Hears Case for Casino Repeal Vote

Massachusetts Attorney General Martha Coakley casino repeal

Opponents of casino gambling in Massachusetts have been waging war against the expansion on every battlefront possible. They’ve had wins and losses across the state, but they’ve always made their case. Now, they’re hoping that the highest court in Massachusetts will give them one last chance to put the issue before voters. The Massachusetts Supreme…Read More

World Series of Poker to Feature Big Names, Big Money

Antonio Esfandiari Big One for One Drop WSOP

It’s almost time again for the greatest poker show on Earth. That’s right: on May 27, the 2014 World Series of Poker will kick off at the Rio All-Suite Hotel & Casino in Las Vegas, starting the first of 65 events that will take place over the course of more than a month. It’s always…Read More

Gambling Licensees Told to Lay Off Marijuana To Stay in Game

Nevada Gaming Control Board medical marijuana

Just in case any Las Vegas casino executives were even thinking about it, the Gaming Control Board has now issued a stern decree that none of its license holders may have anything to do with the state’s legalization of the medical marijuana trade. As any good poker player knows, it’s all about pot control, after…Read More

MGM Resorts Unveils New Las Vegas Strip Project Called The Park

The Park MGM Resorts International Las Vegas Strip non-gaming amenities

As Las Vegas continues to diversify its economy by providing non-gaming-related entertainment spectacles such as the stunning High Roller at The Linq, MGM Resorts International has come up with its own novel idea to enhance The Strip – a park. Or more accurately, and because this is Las Vegas, “The Park.” Most of us who…Read More

New Jersey Spends Big to Fight for Sports Betting

New Jersey sportsbetting Chris Christie

When New Jersey officials announced that they wanted to challenge the ban that they (and most states) face on offering sports betting, everyone knew it was going to be a tough battle to win. Sure enough, they’ve faced defeat after defeat in the courts so far, and most experts don’t think a final appeal to…Read More

New Hampshire Casino Bid Rejected by One Vote

New Hampshire casino

It would be impossible for New Hampshire to come closer to legalizing casino gambling without actually doing it – following a two-hour debate, the state’s two-casino bill was killed off in the House last week by one vote, just one month after its one-casino bill was rejected by 29 votes, and 12 months after the…Read More

Nevele Casino Project Rocked after CEO Resigns Over Assault of Sister

Michael Treanor Nevele Casino

Michael Treanor, CEO of Nevele Investors, the company that wants to redevelop the former Nevele Resort in the Catskills, has been forced to resign in the wake of shocking allegations that he once sexually assaulted his sister. The story, first published in The New York Post, surfaced just a week after 22 companies each paid their…Read More

Ben Affleck Booted from Hard Rock Blackjack Tables for Counting Cards

Ben Affleck blackjack card counting

Las Vegas casinos love to have celebrities playing at their tables. Not only do they tend to be big spenders – there are rewards for being so famous – but they also attract a lot of attention, which means more bodies in the casino. But there’s one thing casinos hate way more than they love…Read More