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Casino and Gambling Industry

Casino and Gambling Industry
A collection of news and information related to Casino and Gambling Industry published by Tribune Company sources. (Photo KIRK MCKOY / LA TIMES)
A collection of news and information related to Casino and Gambling Industry published by Tribune Company sources. (Photo KIRK MCKOY / LA TIMES) « Show less

Top Casino and Gambling Industry Articles

Displaying items 23-33
  • Pink slips to 1,000 casino workers at Atlantic City's Trump Plaza

    ATLANTIC CITY N.J. — Notices of job losses went out on Monday for roughly 1,000 employees of Atlantic City's Trump Plaza Hotel and Casino in anticipation of a Sept. 16 closure, the company said in a statement. The pink slips came as the company...
  • The grim warning for the gambling industry in Atlantic City's implosion

    The grim warning for the gambling industry in Atlantic City's implosion
    The news from the casino industry in Atlantic City, N.J., has been implacably, relentlessly horrific. Over the weekend the owners of Trump Plaza, formerly a signature property on the boardwalk, said they expected it to close in September; the resort's...
  • As Atlantic City's fortunes fade, casino workers fear bleak future

    ATLANTIC CITY, N.J. — After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer. The Showboat...
  • Businesses howl over new rules on game machines

    Businesses howl over new rules on game machines
    Jerry Greenspan has been running the Fun City arcade in Ocean City for 40 years, long enough to see children who played games there grow up and bring their children to continue the summer boardwalk tradition. Now he wonders how long it can go on. "We...
  • Maryland casinos see 8 percent revenue increase in June

    Maryland casinos see 8 percent revenue increase in June
    Maryland's four casinos brought in $72 million in revenue in June, an 8 percent jump over the month a year earlier, lottery officials said Monday. Maryland Live Casino, the top earner of all casinos on the East Coast that offer both slots and table...
  • Hialeah announces $60M expansion

    Hialeah announces $60M expansion
     Hialeah Park Racing and Casino officials announced an “immediate and ongoing expansion” this week that will cost $60 million and be completed by the end of 2015. President John J. Brunetti said plans include expansion and enhancement of the...
  • Cordish, Penn National file for New York casino license

    Cordish, Penn National file for New York casino license
    The owner of Maryland Live casino — the state's largest and one of the top moneymaking casinos on the East Coast — and Penn National Gaming Inc. jointly applied Monday for a license to develop a $750 million hotel and casino in the Hudson...
  • Lower Casino Revenues Lead To Moody's 'Negative' Outlook For U.S. Gaming Industry

    Gaming revenues are down at casinos down across the U.S., including Connecticut, and on Monday the industry received a "negative" outlook in a report released by Moody's Investors Service. Moody's updated its outlook of the U.S. gaming industry to...
  • Caesars Entertainment to shut Showboat Atlantic City casino

    Caesars Entertainment to shut Showboat Atlantic City casino
    Debt-strapped casino operator Caesars Entertainment Corp said it will shut its Showboat Atlantic City casino in August due to falling revenue and high property tax in Atlantic City. Revenue from Atlantic City has declined by more than $3 billion since...
  • Illinois casinos complain video gambling hurting bottom line

    Illinois casinos complain video gambling hurting bottom line
    Illinois casino officials say they severely underestimated the impact video gambling would have on their bottom line and are asking state regulators to intervene as they continue to lose business to machines at neighborhood bars and truck stops. Tom...
  • When Gold Prices Fell, How Did Local Jeweler Becker's React?

    When Gold Prices Fell, How Did Local Jeweler Becker's React?
    In 1990, Becker's Fine Jeweler had just opened its downtown Hartford store when a recession hit — and one that hit New England harder than anywhere else. "I had to lay off 40 percent of my staff," said Paul Becker, who founded the West Hartford...