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Golden Nugget

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NYC Crew Conspired To Scam Atlantic City Casinos Out Of $1.12 Million, Authorities Charge NYC Crew Conspired To Scam Atlantic City Casinos Out Of $1.12 Million, Authorities Charge
NYC Crew Conspired To Scam Atlantic City Casinos Out Of $1.12 Million, Authorities Charge A group of New York City con artists conspired to scam five Atlantic City casinos out of $1,120,000 by exchanging bogus bank checks for gaming chips, authorities said. The Hard Rock casino rejected a check and the Golden Nugget permitted only incremental amounts, Acting New Jersey Attorney General Andrew J. Bruck said Thursday. But Caesars, the Borgata and the Ocean Casino Resort all honored $284,000 checks, losing a combined total of $852,000, he said. The New Jersey State Police Casino Gaming Bureau and the Division of Criminal Justice Specialized Crimes Bureau began investigating soon a…

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by Jerry DeMarco
Business
NO DICE: Trump Plaza Casino Demolition Delayed NO DICE: Trump Plaza Casino Demolition Delayed
NO Dice: Trump Plaza Casino Demolition Delayed The long-awaited implosion of the Trump Plaza Casino is on hold for another month. Atlantic City officials announced the delay at a Thursday news conference. Named after former President Trump, the 30 year old hotel casino is the Republican's last major business tie to South Jersey. The casino closed in 2014 and fell into disrepair  The new demolition date is Feb. 17 at 9 a.m., according to Atlantic City Mayor Marty Small. It was pushed back from a Jan. 29 implosion date. The delay was caused by a large concrete foundation originally unknown to implosion teams,  said D…

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by Jon Craig
Business
Atlantic City Auctions Chance To Blow Up Trump Casino Atlantic City Auctions Chance To Blow Up Trump Casino
Atlantic City Auctions Chance To Blow Up Trump Casino Atlantic City officials have reached an agreement with the developer who bought the former Trump Plaza Casino to demolish the structure next month. After years debating the fate of the abandoned main tower, the date for its implosion is Jan. 29 -- nine days after the 2021 U.S. Presidential Inauguration, Atlantic City Mayor Marty Small said. On Wednesday, Small announced that his city is auctioning off a chance to blow up Trump's former casino with dynamite -- with the mayor predicting bids to top $1million Auction proceeds will be donated to the Boys & Girls Club of Atlantic City. …

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by Jon Craig
Sports
NJ Sports Betting Nears $1B Monthly Record NJ Sports Betting Nears $1B Monthly Record
NJ Sports Betting Nears $1B Monthly Record There's a silver lining during the coronavirus for sports bookies and online casino betting who neared a record $1 billion in legal gambling in November, analysts said. Year-over-year growth in New Jersey has been striking for what is now the nation’s largest sports betting market.  New Jersey became the first state in history to post a sports betting wagers of more than $900 million, as the Garden State’s online and retail sportsbooks put the first $1 billion month clearly in their sights in November, according to analysts for PlayNJ. “Even if New Jersey can’t quite reach $1 billion …

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by Jon Craig
Business
Atlantic City's Trump Casino Demolition Set For 9 Days After 2021 Presidential Inauguration Atlantic City's Trump Casino Demolition Set For 9 Days After 2021 Presidential Inauguration
Atlantic City's Trump Casino Demolition Set For 9 Days After 2021 Presidential Inauguration Atlantic City officials have reached an agreement with the developer who bought the former Trump Plaza Casino to topple the structure in January 2021. After years debating the fate of the abandoned main tower, the date for its implosion is Jan. 29 -- nine days after the 2021 U.S. Presidential Inauguration, Atlantic City Mayor Marty Small said. The move will end President Trump’s decades-old business ties to Atlantic City. Two other former casinos, the Trump Taj Mahal and Trump Marina were rebranded into the Golden Nugget and Hard Rock Hotel & Casino. It will take months to clean up th…

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by Jon Craig
Business
Atlantic City Casinos Take $200M Nosedive Amid COVID-19 Crisis Atlantic City Casinos Take $200M Nosedive Amid COVID-19 Crisis
Atlantic City Casinos Take $200M Nosedive Amid Covid-19 Crisis Coronavirus spelled bad luck for Atlantic City's casinos.  Closed by the COVID-19 epidemic on March 16, the Garden State's gambling hub took in about 69 percent less money in April 2020 than last April -- bolstered only by a more than doubling in internet betting proceeds. All totaled, casino revenue fell by nearly $200 million last month from a year ago. The silver lining was that online gambling revenues rose by nearly 120 percent year-to-year, collecting an additional $43 million. According to the state Division of Gaming Enforcement, the city's nine seaside resorts collected about…

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by Jon Craig