Internet gambling is shaping up as the “Battle of the Behemoths,” now that information regarding major investments by well-known hedge fund operators has been made public. In a piece for Forbes on Monday, Nathan Vardi identified billionaires George Soros, John Paulson and Leon Cooperman, known in the financial world as… Continue reading
The shape of Atlantic City’s future as a seaside casino town may become apparent this month as analysts await the first full month of statistics with their clues about the early impact of Internet gaming. Gov. Christie’s helpful nudge of the last week underscores the significance of whatever the numbers… Continue reading
The number of Internet gambling accounts created in New Jersey continues to grow and is nearing 150,000. New Jersey authorized Internet gambling last year to give a boost to Atlantic City’s struggling casino industry, which has been beset by increasing competition for the past seven years. It began with a… Continue reading
Revenues at each of Ohio’s four casinos declined in December, leading to the worst statewide showing in the nine months that all were open, according to figures. Statewide, revenues declined 9.8 percent at the casinos, located in Cincinnati, Cleveland, Columbus and Toledo, according to figures released by the Ohio Casino… Continue reading
