Call it a Comeback: Atlantic City Casino Revenue Jumps 11 Percent in May

  • 17 Jun 2025
Call it a Comeback: Atlantic City Casino Revenue Jumps 11 Percent in May
April rain led to May blooms for the nine casinos in Atlantic City, as revenue from on-site gaming increased by 10.9% compared to last year, reaching $265.3 million.  Casino.org has received insights from numerous Atlantic City insiders who are forecasting a revival for the New Jersey shore town — the sole location in the Garden State where casinos are permitted. Mark Giannantonio, president of..
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Penn Fires Back at ISS, Says Clifford Candidacy Is Flawed

  • 07 Jun 2025
Penn Fires Back at ISS, Says Clifford Candidacy Is Flawed
Late Friday, Penn National Gaming (NASDAQ: PENN) reacted to a report issued earlier that day by Institutional Shareholder Services (ISS), in which the advisory firm advised the gaming company’s shareholders to support a dissident directors slate suggested by hedge fund HG Vora.  The parent company of ESPN Bet clarified its support for Johnny Hartnett and Carlos Ruisanchez—two candidates propo..
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Bally’s Boss Soo Kim Levies Accusations That NYC Bid is Being Shunned Because of Trump

  • 29 May 2025
Bally’s Boss Soo Kim Levies Accusations That NYC Bid is Being Shunned Because of Trump
Bally’s Corp. Chairman Soo Kim thinks that his company’s application for a casino license in downstate New York is facing discrimination due to President Donald Trump’s minimal involvement.  In 2023, Bally’s obtained the golf course lease at Ferry Point Park from The Trump Organization in a private transaction said to be valued at $60 million. The deal also contained a clause ensuring The..
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Inspire Korea Casino Resort for Sale Following Mohegan Default

  • 19 May 2025
Inspire Korea Casino Resort for Sale Following Mohegan Default
The creditor that has taken control of the $1.6 billion hotel complex has put Inspire Entertainment Resort, South Korea's largest casino catering solely to foreigners, up for sale.  The Korea Times states that Bain Capital, the private equity powerhouse from Boston, is looking for bids for the casino resort situated at Incheon International Airport. In February, Bain acquired the property concept..
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Zero Edge Founder Kim Charged by SEC in Crypto Casino Fraud

  • 09 May 2025
Zero Edge Founder Kim Charged by SEC in Crypto Casino Fraud
The founder of a cryptocurrency casino has been officially charged with fraud by the Securities and Exchange Commission (SEC) after misusing $3.77 million of investor funds on his personal gambling addiction and unsuccessful crypto trades.  Richard Kim, the creator of the cryptocurrency casino Zero Edge, is confronted with “permanent injunctions, conduct-based injunctions, disgorgement of ill-g..
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