Weekly Gambling News and Recaps

Ultimate Poker Closes, Caesars Files Bankruptcy, AC Revenue Down

Ultimate Gaming announced that it would close its Nevada online poker site on November 17, 2014. Its Ultimate Poker site was the first regulated online poker room in the U.S. when it launched on April 30, 2013. It already closed its New Jersey operations after Trump Taj Mahal, its partner, filed for bankruptcy protection and …

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SD Approves Table Games, Vegas Ice Rinks, Prop 48 Defeated, Mass. Casinos

Atlantic City has struggled to draw tourists over the past few years. One of the biggest obstacles has been a lack of airline service. That situation was worsened today when United Airlines announced that it would stop serving the Atlantic City market. The airline currently flies nonstop to Chicago and Houston. Both cities are hubs …

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Monmouth Park Sports Betting, Taj Mahal Stays Open, South Point Poker, Sands Not for Sale

Leagues Receive TRO to Stop Monmouth Park Sports Betting The NFL, MLB, NBA, NHL and NCAA received a temporary restraining order to stop sports betting in New Jersey. Monmouth Park had planned to launch betting on Sunday. State Senator Ray Lesniak, who has been instrumental in expanding gaming in New Jersey, planned on making the …

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MGM Sells Gold Strike, AC Revenue Down, KC Royals WS Odds, Real Money Candy Crush, Taj Union

MGM Resorts to Sell Gold Strike MGM Resorts has entered into a contract to sell its Nevada Gold Strike property. It is located in Jean, about halfway between Las Vegas and the California state line. The property was built in 1987. It is the only major development in Jean. The property includes a travel center. …

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Revel AC Sold, Taj Mahal Union Offer, SLS Rebate and Caesars Default Notice

Brookfield Asset Management’s bid of $110 million for Revel in Atlantic City was accepted by Chief U.S. Bankruptcy Judge Gloria Burns this week. The company plans to reopen Revel as a casino. No date has been announced. This beat out the $90 million bid made by Glenn Straub for his “Tower of Geniuses”. Brookfield Asset …

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