Borgata, the most successful of New Jersey's legal online gambling ventures, reported an operating loss of $1.8 million in the recent fiscal quarter, which ended on June 30. The company gave good-and-bad news, as it stated that the company broke even for the first time in July. This was described
Australian casino gaming billionaire James Packer's company bought a site on Las Vegas Boulevard in hopes of breaking into the US gaming market. Packer is the CEO of the Crown Limited Group, the leading casino gaming developer in Australia. He paid $260 million for the 34.6-acre vacant site once occupied
Three more men arrested in the Paul Phua sports betting case have been released on bail, thanks to the professional poker player community. The bail money was posted by Phil Ivey and Dan Cates. In total, the two men posted $3 million in bail for the three men, who are
New Jersey State Senate President Steve Sweeney has revealed his plan for expanding casino gambling into North Jersey. The plan was revealed in Sweeney's op-ed piece in the Press of Atlantic City. In the article, Sweeney discussed Atlantic City's role as an economic generator since 1978, when casino gambling was
In the coming months, officials in New York will decide whether the Genting Group out of Malaysia can build the proposed $1.5 billion Sterling Forest Resort in Tuxedo, New York. While the plan is being considered, a cross-section of environmentalists and state officials are afraid the development could threaten North
The U.S. Department of Homeland Security has taken Paul Phua and Darren Phua into custody. The father and son at the heart of the Caesars Palace illegal gambling ring had been free on bail in Las Vegas, awaiting an early August court date. Paul Phua is a known professional poker
In one of the oddest-sounding negotiating ploys in recent casino gambling history, Wynn Resorts has offered to use more than 250,000 live oysters to clean up the contaminated Mystic River. The oyster plan would be enacted if Wynn Resorts wins the licensing rights for a proposed $1.6 billion casino in
Former Buffalo Sabres left wing Thomas Vanek appeared in a Rochester court this week to testify in an illegal gambling case. Prosecutors in the case pointed out that he is not accused of any crime, but was called to give testimony. The case involves an illegal gaming operation run out
Russia plans to get up a gambling zone in the newly-annexed Crimea. The Crimean region has been a resort destination for decades, hosting Russian tsars and Soviet premiers through the generations. Now that Russian leader Vladimir Putin has seized the region over the protests of Ukraine (and the west), he
Jubreal Chahine, one of the most notorious gambling cheats in the country, was arrested on Saturday in Pennsylvania. Mr. Chahine was arrested in the Sands Casino Resort in Bethlehem, a suburb of Philadelphia. While he was gambling inside the casino, Sands surveillance agents spotted him and made a positive identification
Irina Walker, 61, pleaded guilty to charges she ran an illegal gambling ring this past Wednesday. Irina Walker, who lives in Oregon, is also a Romanian princess. Walker and her husband pleaded guilty to running an illegal gambling operation, but had other counts dropped in a plea bargain arrangement. The
Bwin.Party announced on Tuesday that an additional 10 million Euros of cost cuts would help the gaming company meet its yearly targets. The compayny has come under pressure from activist investor Jason Ader to boost its financial performance. Since Ader and Bwin.Party came to an agreement last month, speculation has
