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.

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.

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.

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.

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.

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.

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.

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