New Round of Atlantic Club Sale Reports Emerges

New Round of Atlantic Club Sale Reports Emerges

by February 3, 2019

Another Atlantic City Boardwalk property might have found a new owner after New York hedge fund Luxor Capital Group agreed to buy Ocean Resort Casino, the former Revel, from Colorado businessman Bruce DeifikA notice of settlement for the sale of the shuttered Atlantic Club Ca ...

The Stratosphere Casino, Hotel Gets Rebrand, Comprehensive Makeover

The Stratosphere Casino, Hotel Gets Rebrand, Comprehensive Makeover

by February 2, 2019

The Stratosphere Casino, Hotel & Tower is embracing a new era of its history as one of the most iconic landmarks on the Las Vegas Strip with a planned rebrand as part of the property’s ongoing makeoverThe Stratosphere will be renamed as The STRAT Hotel, Casino and Skypod, ...

Paddy Power Betfair Snatches Georgia’s Largest Online Gambling Operator

Paddy Power Betfair Snatches Georgia’s Largest Online Gambling Operator

by February 1, 2019

Paddy Power Betfair has acquired Georgia’s largest online gambling operator to gain foothold in a new lucrative marketGambling powerhouse Paddy Power Betfair announced today that it has acquired a controlling stake in Georgia’s largest online gambling operator, Adjarabet, in ...

Ocean Resort Casino’s New Owner Files Gaming License Petition

Ocean Resort Casino’s New Owner Files Gaming License Petition

by January 31, 2019

Luxor Capital Group has filed interim license petition, seeking authorization to enter Atlantic City’s casino marketLuxor Capital Group, a New York-based hedge fund that agreed recently to buy Atlantic City’s Ocean Resort Casino, has filed a petition with New Jersey gambling ...

Renovation at SLS Las Vegas Progresses with Casino Upgrades and New Mexican Dining Concept

Renovation at SLS Las Vegas Progresses with Casino Upgrades and New Mexican Dining Concept

by January 30, 2019

SLS Las Vegas lifted the curtain on a $100 million makeover at a special event held Tuesday at The Sayers ClubUpdates to the gaming floor, hotel rooms, and a new fast-casual Mexican restaurant concept will all be part of the ongoing $100 million renovation at the hotel and ca ...

Twin River Adds Three Casinos to Colorado Portfolio

Twin River Adds Three Casinos to Colorado Portfolio

by January 30, 2019

Rhode Island gambling operator Twin River purchases three casinos in the town of Black Hawk to expand Colorado footprintTwin River Worldwide Holdings Inc., the owner of Rhode Island’s Twin River Lincoln and Twin River Tiverton casinos, announced Tuesday that it has entered in ...

Caesars to Debut New Non-Gambling Resort Brand in Scottsdale, Arizona

Caesars to Debut New Non-Gambling Resort Brand in Scottsdale, Arizona

by January 29, 2019

Caesars Entertainment Corp. is set to expand its portfolio with its first non-gambling resort in the United States, the company revealed on MondayThe property will be located in Scottsdale, Arizona and the Las Vegas gaming and hospitality powerhouse expects to break ground on ...

Wynn, Genting Settle on Casino Resort Design Dispute

Wynn, Genting Settle on Casino Resort Design Dispute

by January 29, 2019

Wynn and Genting have settled their copyright infringement dispute over the design of Resorts World Las Vegas off-courtGaming and hospitality companies Wynn Resorts and Genting Group announced on Monday that they have reached a settlement agreement on a copyright infringement ...

New York Hedge Fund Buys Ocean Resort Casino

New York Hedge Fund Buys Ocean Resort Casino

by January 29, 2019

A New York private investment firm has been identified as the new owner of the ailing Boardwalk hotel and casino resortNew York-based hedge fund Luxor Capital Group has been revealed as the mysterious buyer of Atlantic City’s Ocean Resort Casino after several weeks of specula ...

MGM’s Bid to Buy Empire City Casino Could Get Regulatory OK Today

MGM’s Bid to Buy Empire City Casino Could Get Regulatory OK Today

by January 28, 2019

MGM-Empire City Casino deal could get the go-ahead today, securing the Las Vegas powerhouse’s entry into the local gambling marketThe New York State Gaming Commission is expected to approve today during a scheduled regular meeting MGM Resorts International’s proposed acquisit ...

Cyprus’ First Casino Resort Instrumental For Nation’s Tourism Product, Minister Says

Cyprus’ First Casino Resort Instrumental For Nation’s Tourism Product, Minister Says

by January 26, 2019

Melco CEO visits Cyprus to brief tourism officials on performance of nation’s first casinos and plans about the future full-scale integrated resort in LimassolCyprus’ first casino resort is of great importance to the island’s tourism product, Savvas Perdios, the tiny Mediterr ...

Genting Granted Leave to Start Judicial Review of MoF Tax Incentives Decision

Genting Granted Leave to Start Judicial Review of MoF Tax Incentives Decision

by January 25, 2019

The major casino company is appealing a tax incentives decision of the Ministry of Finance concerning its Resorts World Genting redevelopment planCasino operator Genting Malaysia Berhad has been granted a leave for the commencement of a judicial review of a decision of the M ...

Belgium Could Fine Betway for Lack of Transparency, License Violations

Belgium Could Fine Betway for Lack of Transparency, License Violations

by January 25, 2019

Betway facing fine, further sanctions in Belgium over cumulative license and lack of transparency regarding its ownersThe Belgian Gaming Commission has started a sanction procedure against online gambling operator Betway, local news outlet De Tijd reported Thursday citing inf ...

Pansy Ho Forms Shareholder Alliance to Tighten Grip on Macau Casino Operator SJM

Pansy Ho Forms Shareholder Alliance to Tighten Grip on Macau Casino Operator SJM

by January 24, 2019

Pansy Ho, daughter of Macau casino king Stanley Ho, joins SJM Holdings shareholder alliance to secure controlling stake in the companyHong Kong businesswoman Pansy Ho has formed a strategic partnership to secure a controlling stake in her father’s casino empire SJM Holdings. ...

New Jersey Regulator Fines Online Casino for Underage Gambling

New Jersey Regulator Fines Online Casino for Underage Gambling

by January 24, 2019

PlaySugarHouse online casino gets in trouble, agrees to pay $30,000 underage gambling fine in New JerseyThe New Jersey Division of Gaming Enforcement has slapped a $30,000 fine on the operator of the PlaySugarHouse online casino for letting underage players gamble for over a ...