News & Information
Casino concerns hold up N.J. bill on Indian tribes (NEW JERSEY) -- A bill that gives official state recognition to several Indian tribes is being held from consideration so that the state Attorney General's Office can review it for possible amendments.
Meadowlands slots? No way, says A.C. (ATLANTIC CITY) -- Earlier this year it was casino taxes. Last year it was Internet gambling. Now itís a bill to allow 3,000 slot machines at Meadowlands Racetrack that has galvanized Atlantic City casinos and the politicians who represent them in Trenton.
Trump Hotels Sees $3M-$5 Million Tax Charge Under N.J. Tax Law (NEW JERSEY) -- Trump Hotels & Casino Resorts Inc. said it will record a charge to income tax expense of $3 million to $5 million for the year ending Dec. 31 due to a change in New Jersey tax laws.
Casino Notes: Park Place to wait on Catskill casino (ATLANTIC CITY) -- After more than two years of keeping its foot on the accelerator, Park Place Entertainment Corp. now says it won't build a tribal casino in New York's Catskill Mountains until a lawsuit is resolved.
Trump pressures tribe on casino (CONNECTICUT) -- Casino king Donald Trump has launched an all-out drive to muscle his way into a Connecticut deal in a bid to become the gaming developer for a newly recognized Nutmeg State tribe.
Trump may bring pageant to casino (CONNECTICUT) -- You might happen to see the most beautiful girl in the world at the Mohegan Sun in 2004.
Donald Trump threatens suit if excluded from tribe's casino plans (CONNECTICUT) -- Real estate and casino mogul Donald Trump says he would file a lawsuit that would tie up casino plans in eastern Connecticut for years if he is cut out of the development process by the Eastern Pequot tribe.
TRUMP FOR TRENTON: Donald wheels & deals in city (NEW JERSEY) -- Donald Trump whisked into the city yesterday for a casual lunch at Pete Lorenzo's Cafe on South Clinton Avenue.
Trump's back in line to open a Missouri casino He's part of plan for a riverboat south of St. Louis (MISSOURI) -- New York real estate tycoon and Atlantic City casino mogul Donald Trump recently bought 9.8 percent of publicly traded Riviera Holdings Corp.
Analyst: Quarter revenues at Trump 29 top $3.7 million (CALIFORNIA) -- A recent earnings statement by Trump Hotels & Casino Resorts Inc. marks the first time revenue generated at a Coachella Valley tribal casino was publicly reported through the Securities and Exchange Commission.
Trump reports first-ever second-quarter profit (ATLANTIC CITY) -- Fewer "bodies," smarter marketing and better cooperation enabled Donald Trump's casino company to turn a profit during the second quarter for the first time in its short history.
recognition may lead to third Connecticut casino
Recognizing opportunity for Trump U.S. recognition of Indian tribe may lead to Conn. casino (ATLANTIC CITY) -- Federal recognition of another American Indian tribe in Connecticut represents a future threat to Atlantic City - and an opportunity for the city's No. 2 casino operator.
CCC gives Trump OK for $70M. bank loan DGE: Company better get debt under control (ATLANTIC CITY) -- The request by Donald Trump's casino company to borrow $70 million received a blessing and a warning Wednesday.
Trump secures $70M. bank loan Financing buys time for long-term solution (ATLANTIC CITY) -- Donald Trump's casino company on Wednesday made a move to restructure its high debt load but said it had no immediate solution to boosting its low stock price.
CITY - If New Jersey officials are so concerned about problems with
federal Indian affairs, they should investigate Park Place
Entertainment Corp. for "influence peddling and interference"
two years ago with a New York tribe, according to a tribal faction
that claims it was cheated out of a casino deal.
Curb Indian gaming, N.J. urges (ATLANTIC CITY) -- Three of New Jersey's most powerful politicians are uniting to delay the spread of Indian casinos elsewhere, unapologetically saying they're looking out for this city's $4.6 billion gaming industry.
Governor seeks delay on casinos (NEW JERSEY) -- Three top New Jersey politicians, including Governor McGreevey, have asked federal officials not to approve new Indian casinos until an investigation into alleged favoritism by the Bureau of Indian Affairs is completed.
Governor to reveal game plan for resort Atlantic City proposal to focus on families (NEW JERSEY) -- Gov. James E. McGreevey today will announce a sweeping series of initiatives aimed at turning Atlantic City into a mecca for overnight tourists instead of just day-trippers.
Trump Bails on Bond Sale (NEW YORK) -- Donald Trump has backed out of a bond deal that would have raised $470 million for his debt-laden casino company.
Trump Hotels tweaks $470 mln deal again to entice bondholders (WALL STREET) -- Demanding bondholders have wrung more concessions from Trump Hotels and Casino Resorts Inc. as it struggles to sell $470 million in bonds to refinance debt coming due next year, according to sources close to the deal.
Trump splits $470M. bond offering Bond sale expected to be completed soon (ATLANTIC CITY) -- Unable to sell a $470 million bond deal as is, a Trump Hotels & Casino Resorts Inc. unit is splitting the proposed offering in two pieces.
Trump offers sweeteners to sell $470 mln bonds (NEW YORK) -- Trump Hotels and Casino Resorts Inc., the casino company of developer Donald Trump, is expected to have to offer generous yields to sell a $470 million offering of bonds to refinance outstanding debt, investors and analysts said.
AGA: Casino appeal still strong among Americans (ATLANTIC CITY) -- America's love affair with casino gambling remains strong. More than 52 million people visited a U.S. casino last year, losing more money at the slot machines and gaming tables than they spent on movies and recorded music combined.
JOE WIENERT: Casino Notes Remote betting could bring in jobs, patrons (ATLANTIC CITY) -- Remote casino wagering could generate between 1,100 and 3,600 Atlantic City casino jobs and between $368.8 million and $1.1 billion in annual gaming revenue, according to a report prepared for a remote-wagering company.
Trumpís proposed bond issue gets good ratings (ATLANTIC CITY) -- Donald Trump's casino company received a double dose of good news Wednesday in its quest to refinance nearly a half-billion dollars of debt.
Trump seeks $470M. refinancing Cash flow jumps 46 percent at Trump Hotels (ATLANTIC CITY) -- Donald Trump's casino company gave its investors two bombshells 17 minutes apart Wednesday afternoon: vastly improved earnings and, not coincidentally, a proposed $470 million refinancing
Feds seize Culinary local in N.J. (NEW JERSEY) -- A judge appointed a monitor to run a union of hotel and restaurant employees Wednesday after prosecutors charged the local had long been linked to organized crime.
Trump expects to have enough cash for bondholders But company says it will need more money to remain competitive (ATLANTIC CITY) -- Donald Trump's casino company said it should have enough cash to make interest payments for the whole year, raising doubts that bondholders will agree to a debt restructuring any time soon.
Trump Proposes Cutting Coupon, Extending Maturity On Notes (WALL STREET) -- Trump Hotels & Casino Resorts Inc. (DJT) said it has held talks with a committee representing the holders of its Trump Atlantic City Associates 11.25% mortgage notes due 2006 and has proposed lowering the interest rates and extending the maturity date.
Miss America pageant to stay in Atlantic City for now; directors are seeking larger subsidy (ATLANTIC CITY) -- The Miss America Pageant, held in this seaside resort since it began 80 years ago, will stay for at least one more year while officials consider its future.
Sun casino wants Miss America pageant (
introduced allowing ''real time'' Atlantic City gambling over
Internet TRENTON, N.J. (AP) Gamblers from all over the world would
be permitted to wager via the Internet on casino games in Atlantic
City under legislation introduced Thursday.
seeks to match Internet, casinos TRENTON - Gamblers worldwide
would be able to wager at Atlantic City casinos without leaving their
homes if legislation introduced Thursday by two Republican Assembly
members becomes law.
New casinos likely to hurt Atlantic City (ATLANTIC CITY) -- First, it was casinos in Connecticut. Then it was slot machines at Delaware racetracks. Now, more bad luck for Atlantic City: new Indian casinos in neighboring New York state.
MGM Grand, Boyd Gaming officials reiterate support for new casino (ATLANTIC CITY) (AP) - MGM Grand Inc. and Boyd Gaming Corp. said Monday they remain committed to a $1 billion casino to be built in the Marina District.
Boyd unveils its 2,000-room Borgata model (ATLANTIC CITY) Boyd Gaming Corp. on Monday showed a scale model of its planned $1 billion Borgata casino hotel, hoping to impress certainty into Marina District development plans marked by five years of broken promises, lawsuits and bickering.
2001 IndianGamingNews.com. All rights reserved.