10 June 2010

MGM Mirage Leaving Atlantic City Casino Gambling Industry


MGM Mirage was pushed into a corner by gaming regulators in New Jersey, and instead of conforming to the regulators' request to drop Pansy Ho as their partner, MGM has decided to leave the Atlantic City gambling industry.

Atlantic City Casino Industry Fate At Stake As Trump, Icahn, Battle
Donald Trump and Carl Icahn are two of the most successful people in their fields, and now they are squaring off against each other in court. At stake, are three of Atlantic City's eleven casinos.

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.

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.

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 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.

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.

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