11 June 2010

Nevada Casino Revenue Drops, But Optimism Runs High


Nevada casinos had a revenue decrease in January, but it was small compared to previous months. The gaming industry is hoping this signals a turnaround in the near future.

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 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 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.

Casino Employees Arrive For First World Series Of Poker Event
The 2010 World Series of Poker has finally arrived and on Wednesday casino employees from around the world continued to arrive in anticipation of the first tournament this year, which begins on Friday.

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.

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.

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.

Carl Icahn Wins Another Bid To Take Over Troubled Casino Project
Carl Icahn has become accustomed to winning bids for casino projects that are in financial trouble. This week, Icahn and his company, Icahn Enterprises LP, won the rights to the Fontainebleau Las Vegas.

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