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Las Vegas’ Cosmopolitan Launches $1 Million Luxury Hotel Suites

The Cosmopolitan of Las Vegas has launched an exclusive luxury hotel facility with its 21 Boulevard Penthouse suites which are located in the top four floors of its complex which had been vacant for the last few years. The 21 Boulevard Penthouse suites are proposed to be positioned as a luxury hotspot by owner’s the Blackstone Group as a part of the five-year capital investment plan. The key target for these rooms are whales or high rollers who are known [...]

NJDGE Confirms 4.3% Revenue Boost For Atlantic City Casinos

Atlantic City casinos experienced a revenue boost of 4.3% to cross $229 million in May. If the Trump Taj Mahal, which is no longer opened for business was not considered, the seven other casinos in Atlantic City could have reported a 12% revenue increase in May 2017. The New Jersey Division of Gaming Enforcement (NJDGE) released figures on Wednesday to show that online gambling revenue in New Jersey is also steadily rising. In May, online gambling revenue increased by over [...]

MA Commission Recommends Omnibus Approach To Online Gambling

A special legislative committee in Massachusetts has recommended that an omnibus approach be adopted for the overall regulation of the online gaming industry in the state. The Special Commission on Online Gaming, Fantasy Sports Gaming and Daily Fantasy Sports has agreed in its most recent meeting that a broad brush style of regulation of the gaming industry was the most suitable. The Special Commission had been tasked with the responsibility of recommending if online gaming could be legalized in the [...]

AGA Joins Petition Opposing Funding Withdrawal From Brand USA

The American Gaming Association (AGA) has joined a wider coalition representing the U.S. travel industry in opposing a provision of President Donald Trump's recent budget proposal which intends to eliminate support for Brand USA. Brand USA is a private – public partnership that works on behalf of the U.S. government to promote USA as a tourist destination to markets such as Brazil, Australia and India .The body was created post 9/11 in order to increase the U.S. market share in [...]

Stockbridge Capital Partners Sells SLS Las Vegas Casino

The SLS Las Vegas casino property located on the Las Vegas Strip has been acquired by Meruelo Group, which owns the Reno-based gaming facility Grand Sierra Resort Hotel & Casino. The property has been sold by owner Stockbridge Capital Partners for an undisclosed deal price. The deal is expected to be finalized in the third quarter of this year after receiving necessary regulatory approvals. In a statement Alex Meruelo Meruelo Group Chairman and CEO said, This is a once in a [...]

MMCT Gain Major Win With Support From Trump Administration

An official from the Trump administration has assured the Connecticut tribes seeking to build a third casino in the state that the opinion issued by the Department of the Interior last year was still valid. The letter stated that the new casino will not jeopardize the existing state compact with the tribes guaranteeing it 25percent of the slot revenue. James E. Cason, the acting deputy secretary of the Interior, a department comprising the Bureau of Indian Affairs has sent a [...]

Pennsylvania’s Last Casino License Bid Faces Strong Opposition

The last available horsetrack and casino license in Pennsylvania has so far drawn interest from just one bidder who has a contentious plan. David Levan, a developer from Adams County has applied for the license, proposing to set up the facility near the historical site of Gettysburg in the state. The proposal has already become mired in controversy. History buffs worldwide and local conservationists have opposed the plan saying a casino in the area would negatively impact the experience [...]

New Facility With Jai-alai And Poker Planned In Downtown Miami

A Florida casino operator is proposing to develop a jai-alai fronton in downtown Miami that is likely to include a few poker tables but no slot machines. West Flagler Associates which currently operates Magic City Casino and Flagler Dog Track has applied for a pari-mutuel permit which would allow it to set up a poker room along with a jai alai facility in a 50,000 square-foot site that was earlier the home of a law firm. Florida gaming law includes [...]

Carl Icahn’s Atlantic City Tax Appeals Could Cost City Millions

Billionaire investor Carl Icahn who recently sold the shuttered Trump Taj Mahal casino has filed an appeal against the tax assessment made by the city for this year. Icahn has filed similar appeals for other properties he owns in Atlantic City which include the former Trump Plaza and Tropicana in Atlantic City. For the Trump Plaza and Trump Taj Mahal properties, the tax assessments that have been under contest are for 2014 to 2017 while in the case of the [...]

GAN Lands Its First U.S. Gaming License From New Jersey

GAN, a leading online gaming technology and service provider recently announced that it has received its first gaming license in the United States. The license has been issued by the New Jersey Division of Gaming Enforcement (NJDGE). The license confirms the suitability of GAN, its shareholders as well as its management team to carry out regulated gaming activities in the state of New Jersey. The company stated that receiving the license in New Jersey strengthened its position to obtain such [...]