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A License, But No Gaming

Well, it's been two years since the second license for a casino in Philadelphia was granted.  Thanks to seemingly endless appeals, the second casino is not much closer to opening than it was when the license was granted.  Is that a good thing?
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Great time had at Chesapeake Inn

Casino Nights Live! recently hosted a holiday corporate casino event at the Chesapeake Inn in Chesapeake City, Maryland.  The event featured Craps, Blackjack, Roulette, and Texas Hold'em Poker.  Guests were treated to lavish cuisine and a DJ who had them up and moving!  Everyone had such a great time that they can't wait to do i...
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Strike hurts casino profits

The strike that preceded the shutdown of the Trump Taj Mahal casino helped drag Atlantic City's casino industry to a 10.6 percent decline in gross operating profits in the third quarter of this year.  Even though the Taj Mahal was the only casino to post a loss for the quarter, it was big enough to bring the industry as a whole into ...
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New Jersey imposes takeover on A.C,

New Jersey's Local Finance Board voted 5-0 on Wednesday to grant its director far-reaching governing powers over Atlantic City.  The long-feared takeover vote was a worst case scenario for the city, which has been fighting a takeover threat from Governor Christie for the last year, even as it barely escaped going broke. ...
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New Casinos? No Thanks!

Voters overwhelmingly said "NO" to a proposal that would have allowed two new casinos to be built in North Jersey, possibly creating more competition for the already down and out seaside resort of Atlantic City.  The new casinos would have been at least 72 miles form Atlantic City, but still could have stolen what is left of Atlantic City...
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Borgata has not agreed to A.C. plan

A day after the City of Atlantic City touted a $103 million settlement of more than $150 million owed its biggest taxpayer, Borgata Hotel & casino, the casino denied there was any such deal.  Borgata is still open to compromise with respect to the amount owed it, but is waiting until the state decides on Atlantic City's fate...
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Casino proposes fix for slots tax

Mount Airy Casino Resort, which recently won a Pennsylvania Supreme Court decision declaring a local slots tax unconstitutional, does not like the discussion going on in Harrisburg.  There is talk about a flat tax as a replacement for the current levy.  Mount Airy has proposed a flat rate of 4 percent for the municipal portion o...
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No Easy Fix for Slots Tax

It was evident at a hearing in Harrisburg recently that the Pennsylvania General Assembly will be pulled in multiple directions as it tries to fix a local tax on casinos that the Pennsylvania Supreme Court declared unconstitutional last month.  Numerous lawmakers on the House Gaming Oversight Committee expressed interest at the hour-...
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A.C. casino revenues down

Atlantic City's casino revenue declined by 1.5 percent in September compared with the levels of a year ago.  The eight casinos that operat2015ed in September took in $226.6 million that month.  There are now seven casinos, following the closing Monday of the Trump Taj Mahal.  The decline would have been much worse had it not bee...
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Casino parking revenue is down in A.C.

Fewer people are parking at Atlantic City casinos, but more are staying at hotels in and around the city a new report finds.  The report found continued declines in revenue generated by parking at casinos during the second quarter of 2016.  The numbers may reflect fewer day trippers and an increase in online gambling and out-of-state...
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Taj Mahal finally closes the doors for good.

On Monday, October 10th, the Taj Mahal gasped it's last breath.  After a 102 day strike with the local employees union over health benefits, the Taj Mahal was locked down for the first time since opening 26 years ago.  It was a sad day for Atlantic City and the 2000 plus employees  of the Taj who are now out of work.  There...
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New Jersey casino foes have new ads

The campaign against the measure to build two new casinos in North Jersey is rolling out four new ads, even as polling shows the ballot question is unlikely to pass.  On Monday, the lobbying group Trenton's Bad Bet released the new TV and radio ads against the proposal. which will be on the November general ballot.  ...
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Pennsylvania Court says part of slots tax a violation

The Pennsylvania Supreme Court ruled Wednesday that the municipal portion of tax on slot machines outside Philadelphia violates the state constitution because it effectively imposes different rates on casinos depending on their size.  Nearly $50 million is at stake.  The court gave the General Assembly four months to fix the 2004 law...
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Harrah's to renovate 450 rooms

One of the city's top casinos is getting a $30 million makeover.  Harrah's is redoing 450 rooms and suites in the Bayview Tower,  The work will begin in mid-November and is to be finished by memorial day weekend 2017.  It is part of a race among Atlantic City's most successful casinos to remain competitive by reinvesting in...
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Revel/TEN takes steps toward reopening

Glenn Straub won a rare concession from the state Casino Reinvestment Development Authority (CRDA), which recently removed a disputed condition and approved an amended site plan for the former $2 billion Revel, newly re-branded as "TEN".  The CRDA board approved the site plan without one condition its land-use division had ...
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Revel to get rebranding, a new team

Glenn Straub took a giant step away from the failed Revel brand recently, as a management team announced a total re-branding of the casino hotel Straub bought out of bankruptcy.  The team is calling it TEN, as in "the TEN brand symbolizes perseverance" - which Straub arguably has shown, and continues to need, in trying to get still-o...
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Sugar House starts online gaming

The majority owner of Sugar House Casino has launched an online gambling site in New Jersey.  Rush Street Interactive, a unit of Chicago-based Rush Street Gaming, will operate the site under the internet gaming permit of Golden Nugget Atlantic City LLC.  
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North Jersey casino taxes still unclear

​New Jersey voters are being promised that millions of dollars in new funding will flow to programs for senior citizens and the horse racing industry and to help a struggling Atlantic City - if only they approve a ballot question authorizing two new casinos in the northern part of the state, near New York.  But what they're not being...
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Taj formally requests approval to shut down

Billionaire Carl Icahn's management team is asking state gambling regulators for permission to shut down the Trump Taj Mahal casino hotel next month,  The team has filed a formal petition with the Division of Gaming Enforcement also seeking approval of plans to wind down table games, disconnect slot machines, store unused liquor, and dest...
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Calls for landscaping plan roils Revel owner

Glenn Straub, owner of the former $2 billion Revel casino hotel, angrily left a Casino Reinvestment Development Authority (CRDA) hearing recently after being asked for a landscaping plan. Straub, whose attorneys had submitted a new traffic-circulation plan for the shuttered casino that was being well received, then said he wanted to withdraw h...
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