MGM Sells Circus Circus and Bellagio Casinos

MGM Sells Circus Circus and Bellagio Casinos Thumbnail

MGM Resorts International announced on Tuesday that it has sold two of its Las Vegas Strip casinos: Circus Circus and Bellagio. The combined sales price of the two properties is $5.075 billion. Circus Circus The agreement to sell Circus Circus, one of the mainstays of the north end of the Strip, was rumored to have… Read more »

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Two Iowa Caesars Casinos Fined for Allowing Underage Gambling

Two Iowa Caesars Casinos Fined for Allowing Underage Gambling Thumbnail

Two Caesars casinos in Iowa have run afoul of state regulators. Last week, the Iowa Racing and Gaming Commission handed out fines to both Harrah’s Council Bluffs and Horseshoe Council Bluffs for failing to stop two people who were underage from gambling. The casinos were assessed fines totaling $50,000. Almost old enough, but not quite… Read more »

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Atlantic Club Casino Finally Sold

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The long-closed Atlantic Club Casino has finally been sold. Florida-based TJM Properties confirmed on Tuesday that it has sold the shuttered property to Colosseo Atlantic City Inc., an investment and construction firm based out of New York. Financial details were not disclosed. The Atlantic Club was one of the first casinos in Atlantic City, opening… Read more »

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Woman Wins $1 Million at Resorts World Catskills

Woman Wins $1 Million at Resorts World Catskills Thumbnail

I rarely get lucky. I’m not talking about “getting lucky,” you sicko. I’m saying I’m not the luckiest guy in the world. I wouldn’t say I’m particularly unlucky, but put it this way: I’m not a big lottery player. I remember three distinct occasions when I or my family did not get lucky. First was… Read more »

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Rio All-Suite Hotel & Casino, Home of World Series of Poker, Sold for $516.3 Million

Rio All-Suite Hotel & Casino, Home of World Series of Poker, Sold for $516.3 Million Thumbnail

Caesars Entertainment Corporation announced on Monday morning the news that the poker world has long known (or thought) was coming: it has sold the Rio All-Suite Hotel & Casino in Las Vegas, home of the World Series of Poker. The buyer is an unnamed company “controlled by a principal of Imperial Companies.” The total sales… Read more »

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Report: MGM in Talks to Sell Bellagio, MGM Grand Las Vegas to Blackstone Group

Report: MGM in Talks to Sell Bellagio, MGM Grand Las Vegas to Blackstone Group Thumbnail

Bloomberg is reporting that Blackstone Group, Inc. is pursuing the acquisition of both the Bellagio and MGM Grand Las Vegas from MGM Resorts International. The financial media outlet’s sources say the two companies are talking, but no details are known yet and things could always fall apart. Bloomberg analysts estimate that the Bellagio could sell… Read more »

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Atlantic City Casino Employment Down This Summer

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The Press of Atlantic City reported on Tuesday that casino employment numbers in the New Jersey gambling hub are down this summer compared to last. The opening of two casinos last June were cited as a major reason for the dip. Counting both full- and part-time workers, Atlantic City casinos employed 29,298 people in June,… Read more »

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Competitors Feeling the Heat from Encore Boston Harbor

Competitors Feeling the Heat from Encore Boston Harbor Thumbnail

The Encore Boston Harbor casino opened less than two months ago, but its impact is already being felt in the region. And that impact is not always a positive one. According to reports, both regional casino competitors and local restaurants have experienced struggles since the Wynn Resorts property cut the ribbon. Ripples felt an hour… Read more »

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Lawsuits Against Two Houston Poker Clubs Dropped

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The Harris County (Texas) attorney dropped civil suits against Houston’s Prime Social Poker Club and Post Oak Poker Club last week, citing the lack of a criminal case. The two poker clubs were raided in May and their owners and management were hit with illegal gambling and money laundering charges. Because those charges were dropped… Read more »

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Armed Poker Robber Caught After Month on the Lam

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Kansas City-area man Oscar Glover was arrested near Tulsa, Oklahoma last week after he was on the run for almost a month. Glover allegedly followed a poker player home from Harrah’s North Kansas City Casino on July 1 and robbed him at gunpoint. According to a WDAF-TV Kansas City news report, casino security footage shows… Read more »

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