June 6, 2015 |
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)
June 3, 2015 |
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.
May 29, 2015 |
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.
May 28, 2015 |
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.
May 26, 2015 |
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.
May 24, 2015 |
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.
May 22, 2015 |
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.
May 21, 2015 |
The first clue that something was wrong with his grandmother came when Bill Mikus walked with her to a restaurant in Reading that she often visited. "You want your regular?" the waitress asked. It turned out the regular was just coffee. "She doesn't come here to eat?" Mikus asked the waitress, flabbergasted. He took some time off work to investigate. His grandmother, who had helped raise him after his mother died, was then in her mid-80s and lived alone. Her refrigerator was nearly empty.
May 21, 2015 |
Six months after losing his bid for Philadelphia's second casino license, South Philadelphia tomato king Joseph G. Procacci is getting back in the game. Procacci, 87, and his partner in the rejected Casino Revolution, Merit Management Group, have reached a preliminary agreement to rescue a Western Pennsylvania casino that has been on the drawing board for two years, company officials said Tuesday. The Lawrence County project, backed by a group of Philadelphia-area investors led by insurance executive Manuel Stamatakis, has been delayed in part by the failure of the partnership, Endeka Entertainment L.P., to provide documents that state regulators need to investigate the group and its financing plan.
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)