12 June 2010

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.

Battle To Begin Monday Over Casino Expansion In Atlantic City
Senator James Whelan will propose legislation on Monday that, if approved, would bring four new casinos to Atlantic City. There is expected to be plenty of resistance, however, from existing casinos.

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.

Casino Montelago Becomes Latest Casualty In Las Vegas
Casino Montelago will soon become the latest casualty for the casino industry in Las Vegas. The casino will close its doors on March 14th for good because of the economic conditions in the US.

Atlantic City Casino's $2 Blackjack Tables Is Sign Of The Times
The Atlantic City casino industry has been hit so hard by the economy that the oldest casino in the city, Resorts Atlantic City, recently added $2 blackjack tables.

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.

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