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(Reuters) - Atlantic City's local officials backed a revised plan proposed by New Jersey Governor Chris Christie on Tuesday that called for the city to be rescued through additional layers of state oversight and new revenue sources.
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.
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.
TRENTON - (Associated Press) - New Jersey lawmakers have reached a deal to put a statewide referendum on the November ballot asking voters whether to approve two new casinos in the northern part of the state.
(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.
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.
(Associated Press) - New Jersey voters would be asked in November whether to approve two new casinos in the northern part of the state under an agreement unveiled Friday by state lawmakers.
ATLANTIC CITY, New Jersey — (Associated Press) - New Jersey is proposing another way to boost its Internet gambling market: letting casino companies hire and fund celebrities to play online poker with the public.
The state Gaming Enforcement Division unveiled a proposal Thursday to let Internet gambling licensees hire celebrities, and provide them money with which to gamble.
ATLANTIC CITY – (Associated Press) - A Wall Street firm predicts a new wave of casino expansion in the northeast will lead to more casino closings in Atlantic City.
Moody’s Investors Service says eight new casinos opening in the next three years will put even more pressure on those already struggling to survive.
Online gambling revenue is increasing in at least two of the three states that offer it — New Jersey and Delaware. The third, Nevada, doesn’t report Internet revenue separately.
Figures released Monday by the state Division of Gaming Enforcement show the eight casinos turned a collective profit of $237.4 million in July, August and September.
Europe’s leading sports betting exchange has just been granted the first ever New Jersey state exchange wagering license.
The New Jersey Racing Commission (NJRC) licensed Betfair US in partnership with Darby Development, the racetrack operator of Monmouth Park.
The Shift Card, a first ever Bitcoin debit card for American customers, will soon be available to those residing in select states including New Jersey where one should be able to use the card for betting online as legal casino and poker sites like Resorts and Mohegan Sun. (use bonus code Gambling911 when joining)
The New Yorker on Tuesday featured an article related to the sudden surge in popularity of online poker once again with the advent of live streaming social sites the likes of Twitch.
ATLANTIC CITY – (Associated Press) - Atlantic City’s casinos brought in 1.3 percent less in October than they did a year ago, but the state’s Internet gambling operations were up significantly over the same period.
The Tourism, Gaming and the Arts committee of the New Jersey legislature began holding hearings as to whether Daily Fantasy Sports constitutes gambling.
This past week it was announced that the House of Representatives has scheduled a second hearing to discuss legislation that would disallow New Jersey from allowing online gambling such as Web casinos and poker.
So far, the owner of Atlantic City’s former Revel casino has proposed using it as an indoor water park, a medical tourism resort, an equestrian facility and a so-called “genius academy” where the world’s top minds would tackle society’s problems.
Now add this to Glenn Straub’s thoughts for the property: housing Syrian refugees. Straub told The Associated Press on Tuesday that he’s willing to let people displaced by the civil war in Syria stay at the 47-story Revel resort as he fights in court over its future.
A state lawmaker plans to introduce a bill that would regulate daily fantasy sports in New Jersey, putting in charge of it a state agency widely considered the toughest gambling regulator in the country.
Sen. Jim Whelan, a former Atlantic City mayor, said Monday he'll introduce a bill after conferring with the state Division of Gaming Enforcement, which would oversee daily fantasy sports play in New Jersey.
ATLANTIC CITY, N.J. (Associated Press) — A poker player is going to prison for bringing millions of dollars in counterfeit chips to a tournament and then breaking the plumbing when he flushed them down a toilet to hide the evidence.
A judge on Thursday sentenced Christian Lusardi to five years in prison. Lusardi also must pay $463,540 in restitution to the Borgata Hotel Casino & Spa for the revenue it lost when it canceled the 2014 tournament in Atlantic City and $9,455 to Harrah's Casino Hotel for damaging its plumbing.
ATLANTIC CITY, N.J. – October 16, 2015 – An already overwhelming suite of casino games is about to get even bigger. Resorts Digital Gaming today announced a deal with online slots developer NetEnt that will see games from the Swedish software developer added to the ResortsCasino.com and MoheganSunCasino.com desktops and mobile platforms.
ATLANTIC CITY – (Associated Press) - Four Atlantic City casinos and an Internet gambling firm must forfeit winnings and pay fines totaling more than $33,000 for various gambling rule violations.
The New Jersey Division of Gaming Enforcement issued the penalties earlier this month, and made them public on Monday.
The Trump Taj Mahal must forfeit more than $16,000 it seized from three gamblers who had signed up for a self-exclusion list that prohibits them from gambling.