Atlantic City is set to see its renaissance in 2018 according to gambling operators. The threats that have plagued the financially stranded city’s entire existence are slowly fading and soon it will regain its once great reputation as an outstanding gaming hub. First, Atlantic City’s reemergence will see the last traces of President Trump’s former casino empire finally get blown to the wind when the former Trump Taj Mahal is reopened as the Hard Rock Hotel and Casino Atlantic City. The Taj Mahal was purchased last year by Hard Rock International from renowned billionaire investor Carl Icahn for $50 million… Read More
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Crown Resorts to Sell Off CrownBet Stake for $117 Million
Crown Resorts has recently entered into an agreement with an undisclosed entity that is said to be associated with Crownbet’s shareholders, including CEO Matthew Tripp, where they will sell off its 62 percent stake in CrownBet for $117 million. Nothing else has been officially been unveiled about the prospective buyer. The transaction is expected to be complete by February 2018 even though the deal which includes the loans advanced by Crown Resorts to CrownBet will still be subject to the buyer organizing financing that the seller will find satisfactory. Crown Resorts officially announced its intent to sell is CrownBet stake… Read More
2017’s Top Gaming Industry Salaries Led by Las Vegas Sands CEO, Sheldon Adelson
2017 was an outstanding year for casino operators from all corners of the globe but the true measure of success in the casino industry has always been the annual revenues of the casinos. Considering how shaky the year has been for stakeholders in the industry, it is quite commendable that they managed to overcome a number of obstacles and antagonists to bring in some hefty compensations both collectively and individually. Adelson’s Records Standard 400 Percent Pay Rise Las Vegas Sands CEO and chairman, Sheldon Adelson whose net worth is approximately $32.6 billion had his annual salary bumped up from $1… Read More
Boyd Gaming Gets Valley Forge Casino, and It’s About Time as Well Because Online Gambling Is Here!
The legislation to legalize online gambling is getting serious attention in just about every state in the United States, and therefore it seems only natural that big business sensing the growth within online gambling would hop on the market. Hence, it was no surprise when the news came in about Boyd Gaming and Valley Forge Casino. Why Is This Significant? Pennsylvania is the fourth state in the United States to officially recognize, allow and set guidelines on the principles for online gambling facilitators. This was one of the major factors playing into Boyd Gaming’s decision to purchase Valley Forge Casino… Read More