10 June 2010

Beach Lures Gamblers To AC Casinos On Memorial Day Weekend


What the casinos could not do on their own for the past couple of years, Mother Nature did this weekend. AC casinos received a boost in customers thanks to the great weather for beach-goers during Memorial Day weekend.

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.

Wynn Denies Interest In Atlantic City Casino Gambling Industry
Atlantic City has been a place that casino developers have run from in recent years, which is why it was surprising to hear rumors that Steve Wynn was interested in the stalled Revel casino project. On Friday, Wynn put an end to that speculation.

Trump Defeats Icahn In Battle Over Trump Entertainment Resorts
Donald Trump has been in a bitter battle over control of Trump Entertainment Resorts and now it appears that Trump and bondholders have won control of the gaming company.

Winter Snow Further Hurting Atlantic City Casino Industry
As if the recession was not enough, the Atlantic City casino industry has had to endure a Winter with unusually high amounts of snow in New Jersey, causing millions of dollars in revenue loss.

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.

Atlantic City Casinos Putting New Jersey Residents Back To Work
It has been a rough couple of years for the Atlantic City casino industry, but in April, the casinos have put over 500 people back to work after a successful job fair was held.

Atlantic City Casino Revenue Stabilizes In April
After many months of torturous revenue results, Atlantic City casinos finally have something to look forward to. In April, revenue stayed close the same month from 2008, and that was good news for the city's casino industry.

Morgan Stanley Pulling Out Of Atlantic City Revel Casino Project
Morgan Stanley has dealt yet another blow to the Atlantic City casino industry after announcing that they would be pulling out of the stalled Revel casino project.

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