New Jersey News - Page 63

Amaya Gaming Group CEO David Baazov engineered the $4.9 billion acquisition this summer of online gaming giant PokerStars.

Sheldon Adelson’s interest in New Jersey was part of his keynote discussion at the Global Gaming Expo last week, although the comments were overshadowed by his verbal beatdown against the legalization of Internet gaming.

Winner of Revel auction say they plan to operate the property as a casino-hotel, but the auction outcome could yet face a court challenge.

Casino City's Vin Narayanan joins Aaron Todd and Dan Podheiser to discuss the latest news from the Global Gaming Expo (G2E), including Sheldon Adelson's rant against Internet gambling. They'll also discuss the sale of Revel in Atlantic City for $110 million, "Spin and Go" tournaments at PokerStars, and pick every NFL game on the schedule.

Mayor denies Taj Mahal request for property tax-relief as casino demands concessions in order to remain open until November.

An auction is being rumoured to be on the cards for the recently closed Revel Casino.

A third of the Boardwalk’s casino industry has closed in a span of nine months. The shutdowns eliminated 8,000 hospitality and gaming jobs, silenced more than 9,000 slot machines and removed from the market more than 5,000 hotel rooms and suites.

Ultimate Gaming, which is majority owned by Station Casinos, said in a statement that its contract with the financially troubled Boardwalk hotel-casino was being “terminated due to multiple breaches by Trump Taj Mahal Associates.”

Revel's energy supplier under pressure financially from non-payment and requests prepayment to keep providing power to the closed casino-resort.

Revel could reopen in a matter of weeks if potential sale is realized.

In a filing with the Securities and Exchange Commission, Caesars announced “non-disclosure agreements with certain beneficial holders” to discuss restructuring debt due in 2020.

Don Guardian didn’t count on a rash of casino closings on the Boardwalk before the ink was dry on his mayoral business cards.

South Florida property developer offers $90 million cash to buy the Revel.

Revel Atlantic City has reportedly agreed a deal to sell the property to a South Florida developer.

David Rebuck, director of the state’s Division of Gaming Enforcement, said Atlantic City in recent years has seen challenges “not faced anywhere else in the U.S.”

New Jersey Casino Control Commission's ruling that found MGM Resorts International qualified to resume as a 50% owner of Borgata Hotel Casino & Spa.

The Taj Mahal could shut in November, following the Trump Plaza which is scheduled to close September 16, 2014.

The 1920s-era hotel was once the toast of Atlantic City, sitting at the famous intersection of Boardwalk and Park Place.

New Jersey Gov. Chris Christie said Atlantic City needs to evolve further away from a business model developed when it offered the only legalized gaming east of the Mississippi River.

In a surprising about turn Gov. Chris Christie has given sports betting the green light in New Jersey.