New Jersey’s Stockton University is considering the purchase of the ill-fated Atlantic Club Casino Hotel as part of its expansion into Atlantic City, the Press of Atlantic City reported Monday.According to the board’s meeting agenda, a public vote on the purchase of the Atlantic Club could also take place on Wednesday.
A new potential buyer of the shuttered Atlantic Club has emerged A New York-based real estate consulting firm has entered negotiations to buy the shuttered Atlantic Club Casino Hotel in Atlantic City, local news outlet the Press of Atlantic City reported on Wednesday citing information by the company itself.The Atlantic Club closed doors in January 2014 to become the first of four Boardwalk casino properties to go bust that year.
Hong Kong-based Melco and its Cypriot partner CNS Group are currently building the €550-million City of Dreams Mediterranean integrated resort in Limassol.The Cypriot government approved earlier this week the establishment of a Junior Ministry of Tourism.
Primary lender assumes ownership of failed Lucky Dragon casino resort; property receives no offers at foreclosure auction The unfortunate Lucky Dragon Hotel and Casino was released back to its primary lender after it got zero bids at a Tuesday auction in Las Vegas.Tuesday’s foreclosure auction saw Snow Covered Capital LLC, a company linked to California developer Enrique Landa and beneficiary of the failed property, assume ownership of Lucky Dragon.
is taking its Philippines-based casino company Tiger Resort Asia Ltd.public through the acquisition of a majority stake in a company listed on the Philippine Stock Exchange.
The company already offers online poker and casino games with Resorts Casino Hotel in New Jersey, and plans to soon offer sports wagering in that state as well.”On the surface, PokerStars may seem like one of the firms best positioned to take advantage of the spread of online poker in the United States.
It will operate temporarily while Melco’s main integrated resort City of Dreams Mediterranean is under development.Commenting on the gambling venue’s performance during its first weeks of operation, Cyprus Casinos and City of Dreams Mediterranean President Craig Ballantyne said that visitor numbers have exceeded their expectations so far.
The Cebu City resort is expected to create around 5,000 jobs, according to initial estimates.(PAGCOR), the Philippine gaming regulator.
As a result the merged company will have to divest its casino assets in the three cities to fellow gaming and hospitality operator Boyd Gaming.Following the FTC’s approval, Penn National Gaming said that it expects to complete the acquisition of Pinnacle early in the fourth quarter of the year.
A poster child of the Las Vegas Great Recession crash and burn, the unfinished Fontainebleau casino resort is now expected to bring life to an underdeveloped but what investors consider a very promising section of the Strip.The property’s owner, real estate developer Steven Witkoff, provided this weekend updates on the ambitious project for the completion and planned 2020 launch of the complex.
The resort, located on the northern end of the legendary Las Vegas Strip, is expected to assume control over the hotel facility on Friday.The change will mark the departure of the W hotel brand from the Las Vegas Strip.
As mentioned above, Sands Bethlehem originally opened back in 2009.Under state gaming laws and the terms of its license from the local gaming regulator, Sands Bethlehem has contributed more than $1.
The expansion project was completed a year and a half after the hotel and casino resort opened doors in Prince George’s County, Maryland.The move saw the addition of a larger poker room, 285 slot machines, and off-track horse betting, which MGM National Harbor will conduct in partnership with the state Jockey Club.
A tech-savvy Finnish teenager who defrauded a Malta-based online casino out of €138,000 was given on Monday a suspended sentence of one year and eight months, local news outlet Yle reported.As Casino News Daily reported last month citing Yle, the observant teen was found to have spotted and exploited a technical glitch at an unnamed online casino, based and licensed in Malta.
5 billion in contributions for Southwest Virginia A prominent Virginia family foundation formally opposed the proposed construction of a $150-million casino resort in the city of Bristol.Casino-style gambling is currently prohibited in the state, and the group has historically opposed any attempts for gambling expansion over the years.
The Lucky Dragon opened doors in November 2016.The Lucky Dragon then faced foreclosure and eventually filed for Chapter 11 bankruptcy in February.
Another massive merger and acquisition deal within the US casino industry could be around the corner A fresh round of industry buzz from Wednesday suggested that billionaire casino boss Tilman Fertitta has approached Caesars Entertainment Corp.about merging the Las Vegas casino giant with his own Golden Nugget casino group.
The government of the tiny nation squeezed between Spain and France is expected to announce the winning bidder for the construction of its first casino resort within the next several weeks.As many as nine developers have submitted 13 bids for the sole casino gaming license.
The Philippines’ Department of Justice has said that in order to enforce his “no casino” policy on Boracay Island, president Rodrigo Duterte should issue an executive order.Being a vocal opponent of gambling, President Duterte also said that the island should be “free of casinos” when it opens.
A fresh round of reports about Caesars’ intention to sell the off-Strip Vegas casino emerged earlier this month.Previously shared Rio sale rumor looks like the real deal.