Atlantic City Casino Profits Continue To Tumble In First Quarter

First quarter revenue figures were released this week for Atlantic City casinos and again it was bad news for the gaming industry. Revenue was down over twenty-five percent in the quarter.

Harrah's May Be Looking To Sell Rio Casino In Las Vegas
Harrah's Entertainment recently purchased the Planet Hollywood Casino on the Las Vegas Strip and now there are rumblings that the company is prepared to dump their Rio All-Suite Hotel & casino in Las Vegas.

Snow Buries Atlantic City Casino Revenue In February
The last thing the Atlantic City casino industry needed was a harsh winter, but that is exactly what it got. Consequently, revenue continued to tumble at the city's eleven casinos in February.

New Jersey Gaming Regulators Deem Pansy Ho Guilty By Association
New Jersey Gaming Regulators have driven MGM Mirage out of their fledgling casino industry mainly because they have convicted Pansy Ho of being guilty by association.

Atlantic City Casino Gambling Revenue Down In March
Another month, another decline in gambling revenue for Atlantic City casinos. In March, revenue dropped 5.6% from the same period in 2009, a sign that things are not improving.

New Jersey Regulators Hand Down Illegal Gambling Fines To Casinos
The Atlantic City casino industry may be in desperate need of revenue, but it will not come from illegal gambling. New jersey regulators fined several casinos for allowing a banned man and underage patrons to gamble.

Atlantic City Could See Gambling Increase With New Casinos
A bill is making its way through the New Jersey Senate that would create an opportunity for four new boutique casinos in Atlantic City. The bill passed a committee this week unanimously.

Icahn Defeats Trump For Ownership Of Tropicana Casino In AC
Carl Icahn has become well-known for his acquisitions of bankrupt casinos in Atlantic City and this week he can add another property to his name. Icahn has won the rights to purchase the Tropicana Casino and Resort.