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Casinos & Gaming

Icahn: Senate leader ‘selling out’ Atlantic City

ATLANTIC CITY — Carl Icahn accused New Jersey’s Senate president of “selling out” Atlantic City by considering casinos near New York City, while the legislative leader said the state wouldn’t give the billionaire investor the tax breaks he is seeking.

Caesars gets notice of default from bond holders

Caesars Entertainment Corp. said it received a notice of default from a group of bond holders over a portion of the company’s $24.2 billion debt.

Taj Mahal casino owners, union clash over pension funding

ATLANTIC CITY — As a pivotal hearing drew near that could decide the fate of the Trump Taj Mahal, its owners and its main union clashed over pension contributions and what the company called “harassment” of its convention clients.

Gambling regulators: No wrongdoing by Wynn Resorts

BOSTON — State gambling regulators say they see no wrongdoing by Wynn Resorts following last week’s arrests of three owners of land the company wants to develop into a casino.

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Anti-gambling activists: Casinos will hurt town budgets

BOSTON — Anti-gambling activists, in a study released Wednesday, suggest local aid from state lottery profits will drop by as much as $103 million if and when casinos open in Massachusetts, but casino proponents argue the revenue drop is not likely to be that severe.

Atlantic City protest over cut in benefits leads to 24 arrests

Atlantic City arrested 24 people who blocked streets in the New Jersey city on Wednesday as hundreds of casino workers demonstrated against plans by the Trump Taj Mahal to cut pension and health benefits.

Agreement reached to vacate Margaritaville Casino

BILOXI, Miss. — A U.S. bankruptcy judge has given MVB Holding until midnight Oct. 27 to vacate the former Margaritaville Casino building and turn the keys over to the property owners.

Bally Technologies to vote Nov. 18 on buyout

Shareholders of Las Vegas-based Bally Technologies will vote on accepting the company’s $5.1 billion buyout by Scientific Games Corp. on Nov., 18, the company announced Wednesday.

Control Board backs Warner Gaming takeover of Horizon Lake Tahoe

Management company Warner Gaming received initial approval Wednesday from state gaming regulators to take over the Horizon in Lake Tahoe and transform the shuttered hotel-casino into a Hard Rock-branded property.

Poker star Phil Ivey loses casino case in Britain

LONDON — Ten-time World Series of Poker winner Phil Ivey has lost his case against a British casino he accused of improperly withholding his winnings.

Pig farms gone, Adelson smells success in Meadowlands

Since Secaucus, N.J., “no longer smells like pig farms,” Sheldon Adelson wouldn’t mind building a casino in the nearby Meadowlands sports complex.

Brookfield gets court OK to buy Revel

An affiliate of Brookfield Asset Management got court approval to buy Atlantic City’s shuttered Revel for $110 million in cash on Tuesday after a judge rejected complaints the auction for the bankrupt complex was tainted.

Culinary rally coincides with opening of Downtown Summerlin

The Culinary union has scheduled a march and rally through the streets of Summerlin against Station Casinos for Thursday afternoon — the same time as the highly anticipated opening of Downtown Summerlin.

WSOP winner says he didn’t cheat to win $22M

Phil Ivey, a 10-time World Series of Poker winner, said he did not cheat when he won nearly $22 million playing baccarat at casinos in New Jersey and London.

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