Revel Owner to Reopen Casino

ATLANTIC CITY, N.J. (Associated Press) — Revel owner Glen Straub says he plans to reopen the shuttered resort with a casino, although a smaller one than what was there before.

The Florida developer tells The Associated Press he has made up his mind to offer casino gambling at the resort, ending a long period of uncertainty about its future.

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Atlantic City Loses More Than Half Its Revenue During Past Nine Years

ATLANTIC CITY, N.J. –  (Associated Press) - Atlantic City has lost more than half of its casino revenue during the past nine years.

That depressing news Wednesday came only hours after New Jersey lawmakers introduced a bill that has long been the worst nightmare of the Atlantic City casino industry — a referendum to expand casino gambling to the northern part of the state.

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New Jersey Lawmakers Cannot Agree on Northern Casinos

(Associated Press) - New Jersey lawmakers still cannot agree on how to ask voters whether to allow two new casinos in the northern part of the state.

Senate and Assembly committees each amended their respective bills Monday. But significant differences remain between the two, including who is eligible to build the new casinos and how the new tax revenue they generate would be divvied up.

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New Jersey November Online Gambling Numbers Highest Ever

New Jersey regulated online gambling has seen its highest revenue total to date this November, a whopping $13.22mm.  This beat the previous record set in March of this year.

Casino revenue ($11.26mm) helped drive that performance and, for the first time ever, Resorts Online Casino pushed past the the $1mm mark.

Poker moved into positive territory both month-over-month and year-over-year for the first time in recent memory.

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