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NEWS
June 14, 2015 | By Dan McQuade, For The Inquirer
The Borgata is taking its customers to a place they haven't usually been directed to: outside. On Saturday, on what was a small patch of grass sandwiched between two parking garages and a surface lot, the Borgata Hotel Casino & Spa will open Festival Park, a laid-back outdoor concert venue. The kick-off event, with a low price tag ($20, meant to build buzz), features bands with ties to New Jersey (Southside Johnny and the Asbury Jukes) and Philadelphia (the Hooters, G. Love and Special Sauce)
NEWS
June 13, 2015 | By Andrew Seidman, Inquirer Trenton Bureau
TRENTON - State Senate President Stephen Sweeney is facing growing political pressure to allow legislation to proceed that would ask voters in November to decide whether to expand casino gambling beyond Atlantic City. Yet Sweeney (D., Gloucester), who has the authority to decide which bills are posted for a vote, does not appear willing to budge. High-ranking North Jersey Democrats, including Assembly Speaker Vincent Prieto of Hudson County and Senate Budget Chairman Paul Sarlo of Bergen County, support a ballot question this year.
BUSINESS
June 12, 2015 | By Harold Brubaker, Inquirer Staff Writer
Only in Pennsylvania: Gamblers would not be allowed to register online to open Internet gambling accounts unless they live more than 20 miles away as the crow flies from a bricks-and-mortar casino. Any closer, and they would have to travel to a casino and register in person, under the provisions of a Senate bill in Harrisburg calling for big changes to the state's gambling landscape. The goal is to give the brick-and-mortar casinos a better chance to tap into their local target audience.
NEWS
June 6, 2015 | By Harold Brubaker, Inquirer Staff Writer
Republican lawmakers in Harrisburg are contemplating a raft of changes to the state's casino gambling law, including one that could benefit Ira Lubert's Valley Forge Casino Resort, as they work through a difficult budget. They are also resurrecting discussion of legalizing Internet gambling, although that appears to be a long shot. "I think the thing driving this, more than anything, is the need for money to settle a budget, where there's not a lot of people who want to vote for a tax increase," State Sen. Tommy Tomlinson (R., Bucks)
NEWS
June 3, 2015 | By Andrew Seidman, Inquirer Trenton Bureau
TRENTON - New Jersey lawmakers introduced legislation Monday that would ask voters to amend the constitution to allow the state to expand gaming to North Jersey. The amendment, which would permit the establishment of up to three casinos in Essex, Bergen, and Hudson Counties, would require legislative approval before going to voters on the general election ballot. The constitution currently restricts gaming to Atlantic City, where four casinos closed last year amid competition in Pennsylvania, New York, and elsewhere.
BUSINESS
May 29, 2015 | By Harold Brubaker, Inquirer Staff Writer
Mike Bowman, chief executive of Valley Forge Casino Resort, will become president of the Valley Forge Tourism & Convention Board, where he has been chairman, the Upper Merion Township casino announced Wednesday. Bowman, a veteran of the casino industry who got his start in Atlantic City, plans to step down June 15, the announcement said. Until the casino, which is controlled by investor Ira Lubert, replaces Bowman, chief financial officer Alex Figueras and chief marketing officer Jennifer Galle will oversee the property.
NEWS
May 28, 2015 | By Jonathan Lai, Inquirer Staff Writer
Caesars Entertainment promised Stockton University it could resolve a 1988 legal restriction on the former Showboat casino property the school wanted for an Atlantic City campus even as Caesars knew that was unlikely, Stockton contended in court filings last weekend. Stockton bought the property for $18 million in December. Now, in the claims filed Saturday, it is seeking up to $22 million in damages from Caesars as the restriction has stymied the school's plans for the campus. Caesars Entertainment Operating Co. has a pending Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the Northern District of Illinois, as does the company it set up for the Showboat property, Showboat Atlantic City Propco L.L.C.
NEWS
May 26, 2015 | By Amy S. Rosenberg, Inquirer Staff Writer
PLEASANTVILLE, N.J. - Ramon Melo has finished a day of teaching algebra and calculus at Pleasantville High School, finally using his background as a chemical engineer in the Dominican Republic - not to mention his Spanish - after spending 14 years as a cocktail server for now-closed Showboat. But little more than 12 hours after arriving home from the substitute teaching job, he will be headed for a familiar 4 a.m. shift at Bally's Wild Wild West, slinging drinks for gamblers in the predawn hours.
NEWS
May 24, 2015 | By Ben Finley, Inquirer Staff Writer
When Mercedes Stephens recently hit a jackpot at SugarHouse Casino, her slot machine flashed the faces of 12 cartoon buffaloes - and then it locked up. Stephens, 47, had won more than $1,200, which meant she had to stop playing and sign an IRS tax form that reports her winnings. The process took about five minutes, she said. But the gaming industry warns that the interruption could soon eat away at casino profits and - ironically - billions in gambling tax revenue that flow into Pennsylvania and New Jersey.
BUSINESS
May 22, 2015 | By Harold Brubaker, Inquirer Staff Writer
The Pennsylvania Gaming Control Board on Wednesday gave Endeka Entertainment L.P., a partnership of mostly Philadelphia-area investors, until November 20 to secure financing for Endeka's proposed $225 million casino in Lawrence County. But the gaming board is keeping Endeka on a tight leash, requiring new partners Joseph G. Procacci and Merit Management Group to submit their applications by June 1 and giving other partners until June 15 to submit previously requested information.
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