Casino News

Union Files Concession Offer in Attempt to Save Trump Taj Mahal

The union representing Trump Taj Mahal employees filed a proposal in the Trump Entertainment bankruptcy case hoping that it will be enough to keep the doors open. The concessions proposed by UNITE HERE Local 54 include lower pension contributions, according to the Press of Atlantic City. Trump Entertainment is seeking to stop all pension and […] Read More
Posted on: October 10, 2014 | Casino News | PlayNJ Staff

New Jersey Lawmakers Pass Resolution to Counter RAWA

Sheldon Adelson, the billionaire chairman of the Las Vegas Sands Corporations, is continuing his campaign to ban online gambling. Adelson has backed a new federal bill called the Restoration of America’s Wire Act (RAWA), which would ban online gambling throughout the country. There is still little support for the proposed bill, but New Jersey lawmakers […] Read More
Posted on: October 7, 2014 | Casino News Online Gambling News | PlayNJ Staff

UCasino and Ultimate Poker Leaving New Jersey

A dispute between Trump Taj Mahal and Ultimate Gaming is forcing UCasino and Ultimate Poker to leave the New Jersey market.  Ultimate Gaming states that Trump Taj Mahal and its parent company Trump Entertainment are in breach of contract and that the partnership agreement will be terminated. It appears that breach is related to $1.5 […] Read More
Posted on: September 20, 2014 | Casino News | PlayNJ Staff

Governor Christie Says Sports Betting Legal in New Jersey

New Jersey Governor Chris Christie announced today that racetracks in New Jersey and Atlantic City casinos may offer sports betting.  Sen. Ray Lesniak told The Press of Atlantic City, “I think we’re looking at an early November start date”. Single sports betting and parlays would be allowed across all sports.  The only exception is collegiate […] Read More
Posted on: September 8, 2014 | Casino News | PlayNJ Staff

Report: Trump Taj Mahal Next Atlantic City Casino to Close

There may be another Atlantic City casino closure this year.  CBS 3 in Philadelphia is reporting that sources tell the station Trump Taj Mahal will file for bankruptcy protection and may close in November.  This would come after its sister property Trump Plaza closes on September 16. If this turns out to be the case, […] Read More
Posted on: September 7, 2014 | Casino News | PlayNJ Staff

Tenants Fight to Stay in Closed Atlantic City Casinos

Showboat and Revel closed earlier this week.  One of the mistakes Revel made was not owning the nightclubs under its roof. The HQ Nightclub and HQ Beach Club were extremely popular.  So popular, in fact, that the owner is trying to keep the doors open even with no connecting casino open. HQ Nightclub parent company […] Read More
Posted on: September 6, 2014 | Casino News | PlayNJ Staff

Amaya CEO Discusses Future Outlook for PokerStars and Full Tilt

Amaya Gaming recently completed the acquisition of the Rational Group. Amaya founder and CEO David Baazov discussed upcoming plans for PokerStars and Full Tit during a discussion with shareholders and other potential investors. Baazov said that and face a number of opportunities in the coming year. He expects both brands will be available […] Read More
Posted on: August 20, 2014 | Casino News Online Gambling News | PlayNJ Staff

Early Mistakes and Bad Luck Lead to Revel Failure

Revel announced that it will close its Atlantic City casino on September 10, 2014 as no suitable buyer was found through a bankruptcy auction process. The troubled resort has lost billions of dollars between construction costs and operating losses under several ownership structures. Bad Timing and Luck Revel’s bad luck started with its timing. Morgan […] Read More
Posted on: August 12, 2014 | Casino News | PlayNJ Staff

Phil Ivey Lawyers Defend Motion to Dismiss Borgata Lawsuit

The Borgata Hotel Casino and Spa filed a lawsuit in New Jersey against poker legend Phil Ivey in April. The lawsuit alleges that Ivey used an edge sorting technique to gain an edge in Baccarat. Ivey’s lawyers claim the statute of limitations has expired and filed a motion to dismiss the lawsuit on July 2. Attorneys […] Read More
Posted on: July 24, 2014 | Casino News | PlayNJ Staff

New Study Shows Land-based Casinos Could Be More Addictive than Online Gambling

Experts have been trying to study the pattern of gambling addictions for several years. However, the data they accumulated wasn’t very reliable, because they had access to small sample sizes and couldn’t create reliable testing environments. The Harvard researchers were finally able to come up with a reliable testing methodology. They collaborated with Bwin to […] Read More
Posted on: July 14, 2014 | Casino News Online Gambling News | PlayNJ Staff

Three Atlantic City Casinos May Shut Down in 2014

The New Jersey casino industry has been on the verge of bankruptcy over the last several years as Atlantic City casino revenue has decreased significantly. Industry leaders have stated that at least three companies are probably going to shut down this year. The Atlantic Club was the first of the twelve casinos to close its […] Read More
Posted on: July 7, 2014 | Casino News | PlayNJ Staff

Investment Analysts Predict Online Gambling Will Be Profitable in Several Years

Online gambling has returned to the United States. Three states have legalized online gambling over the past year, while others are considering passing similar legislation in the near future. However, the industry is growing more slowly than most experts would like. Many financial advisors have advised their clients to wait a few years before purchasing stock […] Read More
Posted on: June 18, 2014 | Casino News Online Gambling News | PlayNJ Staff

Caesars and 888 Adopt Neteller Service in New Jersey

Optimal Payments recently announced that it will be launching a new NETELLER service for online gamblers in the United States. Caesars and 888 Holdings became the first gaming providers in the country to use the new ewallet service., and are offering NETELLER to their customers in New Jersey. Other gaming providers in […] Read More
Posted on: March 10, 2014 | Casino News Online Gambling News | PlayNJ Staff
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