MGM Resorts came to an arrangement with Boyd Gaming to take over the Las Vegas Company's 50% stake in Borgata, the flagship casino in the Atlantic City gaming market. Before this week, MGM Resorts and Boyd Gaming each owned an equal 50% stake in Borgata. MGM Resorts agreed to pay
Gov. Chris Christie signed the long-awaited PILOT bill, ending a long political battle over Atlantic City's financial difficulties. The day before the New Jersey State Senate and General Assembly each passed the PILOT bill with overwhelmling majorities. The two-bill recue package for Atlantic City was veto-proof, making it all-but-inevitable that
The Las Vegas Sands agreed on Tuesday to settle its 6-year old wrongful termination case with former Sands China CEO, Steve Jacobs. In the settlement, the former Macau executive was paid more than $75 million, according to the Wall Street Journal. Mr. Jacobs alleged the Las Vegas Sands Corp. fired
Howard Lederer issued a public apology for his role in the Black Friday scandal, which rocked Full Tilt Poker and led to the demise of the U.S. poker industry. The apology came 5 years and 1 month after the U.S. Justice Department seized the domains for PokerStars, Full Tilt Poker,
Researchers at Lancaster University's School of Computing and Communications released a study recently which focused on the playing habits of 490 online poker players. The study tested the Machiavellianism of the players, then made correlations about their style of play. The results pointed out several traits of the players termed
The Aria Resort & Casino will be the setting for this weekend's 2nd Annual Super High Roller Bowl, a No-Limit Texas Hold'em tournament which brings the biggest name poker professionals in the world to compete. The entry fee is $300,000, while the prize pool is $15 million guaranteed. The event
Mark Giannantonio, the CEO Of Atlantic City's Resorts Casino, predicted that 5 Atlantic City casinos would close, if the state built two casinos in North Jersey. Giannantonio spoke Thursday at the East Coast Gaming Congress, claiming the North Jersey casino initiative would be the effective death knell of Atlantic City's
The New York Gaming Association argued this week that fantasy sports should not be legalized in the state of New York, unless fantasy sports was tied to the existing brick-and-mortar gambling facilities in the state. The NYGA asked state legislators to kill any bill which would legalize daily fantasy sports,
The Pennsylvania House of Representatives rejected two amendments which would have expanded both land-based and online gambling. Both measures failed by significant margins, despite support from the Republican majority in the House. Republicans have fought for months to have state revenues increased through the expansion of gambling in the state.
The New Jersey House Judiciary Committee and its counterpart in the State Senate approved a compromise plan that gives Atlantic City a 150-day reprieve from a state takeover of its finances. The proposals are contained in two separate bills, which stipulate a number of provisions which would help Atlantic City
Phil Mickelson, the 5-time major winner on the PGA Tour, agreed to pay back nearly $1 million in profits from an insider trading deal. Mickelson is seen by federal authorities as having profited from insider trading, though he is not accused of any wrongdoing himself. The place is a part
In recent days, two of the most powerful NFL owners have given their public support to the Oakland Raiders' plan to move their franchise to Las Vegas. On Friday, New England Patriots' owner Robert Kraft voiced his support for Mark Davis and the Raiders organization. Last week, Dallas Cowboys owner
