May 15, 2015 |
There will be no shortage of laughs this summer in Atlantic City casinos, along with other nonmusical attractions. As always, Borgata Hotel Casino & Spa leads the chuckle chase with a diverse slate of funny people, from Jerry Seinfeld and Howie Mandel to George Lopez, part-time Media resident Wanda Sykes, and Margaret Cho. Elsewhere in town, the offerings include Bill Maher at Caesars, Chris Tucker (Trump Taj Mahal), Dom Irrera and WIP overnight host Big Daddy Graham (Tropicana)
May 15, 2015 |
Looking for a reason to believe that, despite popular perception, Atlantic City is not ready to receive last rites? Well, Steve Callender can give you 50 million. That's how many dollars Tropicana Atlantic City, where Callender serves as general manager, has invested in its Downbeach complex over the last year or so for a variety of upgrades and new attractions, all of which will be rolled out by early July. The 34-year-old property's recent to-do list includes: Total refurbishing of all 434 hotel rooms in its North Tower.
May 2, 2015 |
The parent company of Borgata Hotel Casino & Spa boosted its 2015 earnings target for the Atlantic City property to $165 million from $160 million after a strong first quarter. Boyd Gaming Corp., of Las Vegas, on Thursday reported first-quarter net revenue for Borgata of $182.6 million, up 9 percent from $167.3 million in the same period a year ago. The market-leading casino's operating profit nearly doubled to $37.8 million from $20.5 million, thanks in part to a property tax benefit.
April 30, 2015 |
TRENTON - Lawmakers are considering waiting until next year to try to expand gambling to North Jersey. Senate President Stephen Sweeney (D., Gloucester) first signaled support for the idea last summer, arguing that revenue generated by North Jersey casinos could be shared with Atlantic City to help revitalize the decimated resort. The state constitution restricts gaming to Atlantic City, so the move would require an amendment passed by the Legislature and approved by voters. Lawmakers could put a gaming measure on the ballot in November.
April 3, 2015 |
Pennsylvania Attorney General Kathleen Kane quashed key subpoenas in a move that aides said undermined an investigation of a former state gaming official with ties to Louis DeNaples, a politically connected Scranton-area millionaire, The Inquirer has learned. Just months after taking office in 2013, according to people familiar with the matter, Kane revoked subpoenas already delivered to former casino owner DeNaples and William Conaboy, another political power player in Northeastern Pennsylvania, Kane's home turf.
April 2, 2015 |
ATLANTIC CITY - With legislation to end casino tax appeals and stabilize this city's finances languishing in Trenton, Borgata and others confirmed that they have filed, or will file, petitions to appeal their 2015 property-tax assessments to meet Wednesday's 5 p.m. deadline. Successful tax appeals by the casinos have cost the city nearly $400 million in refunds since 2007, which has depleted municipal coffers and put the city in dire financial straits. Most of the refunds are being repaid with borrowed money.
April 1, 2015 |
Penn National Gaming Inc. said Monday that it wants to withdraw as operator of a proposed $225 million casino in Lawrence County, north of Pittsburgh, that is backed by Philadelphia-area investors. "We are disappointed to be withdrawing from this project," B.J. Fair, chief development officer for Penn National Gaming, said in a statement. "However, given the continued softness in the economy and the level of market saturation - not just in Western Pennsylvania, but across the commonwealth - we are regrettably unable to justify this investment at the statutorily required spending levels," he said.
March 26, 2015 |
Appeals to the Pennsylvania Supreme Court of the Pennsylvania Gaming Control Board's November decision to award Philadelphia's second casino license to Live! Hotel & Casino in South Philadelphia moved forward Monday. The court denied a motion by SugarHouse Casino to force the Gaming Board to engage in further fact finding and also set May 4 as the deadline for Market East Associates L.P., PHL Local Gaming L.L.C., and Sugarhouse HSP Gaming L.P. to file briefs explaining why they believe the board's decision should be overturned The gaming regulators then have 30 days to respond.
March 23, 2015 |
ATLANTIC CITY - Al Callejas had a quick explanation for how he was able to top a field of 750 competitors in Borgata's free-throw contest Saturday. "I'm a coach's son. I've had a ball in my hands since I was 3 years old," Callejas, 37, of Archbald, Pa., said after winning the grand prize of $10,220 with his score of 16 in the final round - the first-grade teacher's own bit of March Madness. Answering the question of whether the tournament was a winner for Borgata would take longer, because it depended on how many of the participants and their friends spent money gambling, eating out, or staying at the hotel.
March 17, 2015 |
A hearing Monday on the sale of Atlantic City's defunct Revel Casino Hotel has been postponed by consent of all parties. The hearing was scheduled to challenge a U.S. Bankruptcy Court ruling Friday that blocked sale of the building, which closed in September, to Florida developer Glenn Straub for $82 million. The Monday hearing would have also addressed whether power to the building could be shut off due to unpaid bills. ACR Energy Partners spent about $160 million constructing Revel's central utility plant, resulting in $118.6 million in municipal bond debt.