USA Online Poker News
State of New Jersey Loans Atlantic City $40 Million to Avoid Capital Market Loans
New Jersey Loaned Atlantic City $40 Million to Avoid the City Borrowing on the Capital Markets The state of New Jersey has given Atlantic City a short-term loan of $40 million. The loan keeps the troubled gambling destination from borrowing money in the capital...
Nightclub Mogul Sam Nazarian Wins Nevada Gaming License in Unanimous Vote
Sam Nazarian Operates Trendy Nightclubs in Los Angeles and Miami Los Angeles nightclub mogul Sam Nazarian won unanimous approval by the Nevada Gaming Commission for a gambling license on Thursday. The license was won on appeal in a 4-0 vote, after it had previously...
Carl Icahn and Trump Taj Mahal’s Workers Negotiate Hours before Deadline
A Source Told the New York Daily News, “Carl woke up and changed his mind” Carl Icahn and the Trump Taj Mahal’s union workers continue to negotiate in the 11th hour as a December 20 close date looms. Icahn wrote a letter on Dec. 18 to Trump Entertainments...
Bexar Waste Employee Embezzled $1.7 Million for Gambling and Escorts
Michael Dennehy Admitted to Taking $1.7 Million over a Six-Year Period Bexar Waste Employeee Michael Dennehy pleaded guilty to embezzling $1.7 million from the company. He admitted to spending most of that money on gambling and escorts. Mr. Dennehy pleaded guilty...
New York Officials Approve 3 Casino Licenses for Depressed Areas of the State
New York Officials Announced Licenses for Tyre, Monticello, and Schenedtady On Wednedsday, the New York Gaming Facility Location Board announced who would win the licenses for Las Vegas-style casinos in the Catskills, on the northern end of the Finger Lakes, and...
Four Russian Slot Machine Cheats Caught after 3-State Crime Spree
The Four Russian Men Cheated Casinos in California, Illinois, and Missouri Four Russian nationals have been indicted on federal charges for their casino-based crime spree that covered 3 U.S. states. The Russians cheated casinos in Missouri, California, and Illinois...
Harry Reid Says Online Gambling Ban to Be Considered by U.S. Congress in 2015
Harry Reid Says the Wire Act Could Go in 2015 Senator Harry Reid, the Democratic Senate Minority Leader, told the press last week that 2015 will be the year when the U.S. Congress seriously discusses a ban on online gambling. Last minute efforts failed to attach...
Atlantic City Casino Tax Lien Auction Nets Less Than 50% of Expected Return
The Director’s Tower at the Trump Taj Mahal Closed Recently The Atlantic City tax liens, which were supposed to draw up to $53 million in cash for the city, instead yielded less than half that total. Only one bidder entered a bid in the auction, Michael Sklar....
Restore America’s Wire Act Not in the Spending Omnibus Bill Just Passed
Republican Lawmakers Smile after Making an Unlikely Alliance with the White House Speculation in recent weeks centered around a plan by Senator Harry Reid to get a gambling ban into a Senate omnibus spending bill. That bill was passed in the Senate this past week...
Judge Asked to Terminate $110 Million Bid by Brookfield on Revel Casino
Florida Developer Glenn Straub Appears Set to Own the Revel Casino Revel Casino goes before a bankruptcy judge this week to determine who will be its next owner. On Tuesday, Revel Entertainment filed an emergency motion to terminate its agreement with Brookfield...
