International Business News - TRMP http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of casino operators tumbled Monday--several to new multiyear lows--as jittery investors watched Wall Street and global markets slide on fears the financial crisis is spreading. http://www.ibtimes.com/articles/20081006/some-casino-operators-hit-new-lows-as-markets-fall.htm Mon, 06 Oct 2008 13:25:41 EDT With the economy crumbling and revenues plunging, Atlantic City is considering delaying the start of a total smoking ban at its 11 casinos. The ban, which was approved in April after a year-and-a-half battle between casino workers and gambling hall operators, is set to take effect Oct. 15. http://www.ibtimes.com/articles/20081006/atlantic-city-mulls-delaying-casino-smoking-ban.htm Mon, 06 Oct 2008 12:05:19 EDT Shares of casino operators traded mostly lower Friday even as Congress passed a $700 billion financial bailout package. The 263-171 vote by the House sends the Senate-passed version to the White House for President Bush's signature. Among many features, the measure would allow the Treasury Department to buy up bad debt from various lending institutions. http://www.ibtimes.com/articles/20081003/casinos-dip-as-congress-passes-bailout-package.htm Fri, 03 Oct 2008 13:41:04 EDT Shares of casino operators mostly fell during the quarter as consumers increasingly tightened their spending in light of worsening economic and credit conditions. http://www.ibtimes.com/articles/20080930/casino-operators-mostly-slip-during-3rd-quarter.htm Tue, 30 Sep 2008 13:30:17 EDT Shares of casino operators slid Monday along with the broader markets as the House rejected the government's $700 billion financial bailout package. In late afternoon trading the Dow Jones industrials plunged as much as 705 points as investors worried the financial system would keep sinking under the weight of failed mortgage debt. http://www.ibtimes.com/articles/20080929/casino-operators-fall-as-house-rejects-bailout.htm Mon, 29 Sep 2008 14:52:22 EDT Never one for understatement, Donald Trump offers a bleak view of current events: "The economy is horrendous, the worst since 1929." The free-market capitalist strands of his DNA hate the idea, but he said Friday that he saw the need for Congress to bail out the financial system. http://www.ibtimes.com/articles/20080928/skyscraper-key-to-trump-plan-in-atlantic-city.htm Sun, 28 Sep 2008 14:13:56 EDT A federal judge has dismissed a $20 million racketeering lawsuit against six Atlantic City casinos by a former attorney who said they had a duty to stop her from gambling. http://www.ibtimes.com/articles/20080922/apnewsbreak-20m-suit-by-problem-gambler-tossed.htm Mon, 22 Sep 2008 14:42:31 EDT The developer who's buying the Trump Marina Hotel Casino says it will remain open while it's renovated into "Margaritaville." Richard Fields, chairman of Coastal Development LLC, signed a deal earlier this year to buy the casino from Trump Entertainment Resorts. http://www.ibtimes.com/articles/20080919/new-owner-trump-marina-to-stay-open-during-revamp.htm Fri, 19 Sep 2008 17:31:11 EDT Shares of casino operators traded mixed after the Federal Reserve left a key interest rate unchanged despite market turmoil. The central bank said Tuesday it was keeping its target for the federal funds rate--the interest that banks charge on overnight loans--at 2 percent. http://www.ibtimes.com/articles/20080916/casino-operators-mixed-as-key-rate-unchanged.htm Tue, 16 Sep 2008 14:20:44 EDT Shares of casino operators opened lower for the second-consecutive morning Tuesday as investors awaited word on insurer American International Group Inc.'s fate and the Federal Reserve's decision on interest rates. http://www.ibtimes.com/articles/20080916/casino-operators-continue-to-fall-on-aig.htm Tue, 16 Sep 2008 10:12:18 EDT The United Auto Workers filed an unfair labor practice charge Monday against the Tropicana Casino and Resort, alleging that interim management is refusing to bargain in good faith while a buyer is sought for the property. http://www.ibtimes.com/articles/20080916/union-says-tropicana-not-bargaining-in-good-faith.htm Tue, 16 Sep 2008 07:54:10 EDT Shares of casino operators slid early Monday, along with the broader market, as Wall Street reeled from a flurry of news including Lehman Brothers' Chapter 11 bankruptcy plans and Bank of America Corp.'s proposed acquisition of Merrill Lynch & Co. http://www.ibtimes.com/articles/20080915/casino-operators-fall-as-markets-plunge.htm Mon, 15 Sep 2008 10:15:51 EDT This seaside gambling resort was counting on a strong August to help it avoid posting a second straight year of declining revenues. It didn't get what it wanted. http://www.ibtimes.com/articles/20080910/ac-casino-revenues-edge-up-in-aug-but-not-enough.htm Wed, 10 Sep 2008 14:57:04 EDT For much of the last 30 years, the casino experience in Atlantic City has involved sand, seagulls and the Boardwalk. Now in an effort to survive withering competition from Pennsylvania and New York slots parlors, the city is considering expanding casino gambling into areas that were never envisioned when gambling was approved here in the 1970s. http://www.ibtimes.com/articles/20080904/atlantic-city-eyes-new-casino-far-from-others.htm Thu, 04 Sep 2008 10:44:27 EDT Atlantic City casinos continue to suffer amid increased competition and rising gas prices. The city's 11 gambling halls lost $39.4 million in the second quarter, compared to a profit of $34.8 million in the 2007 second quarter. It was the third consecutive quarterly loss for the casinos. http://www.ibtimes.com/articles/20080819/nj-casinos-swing-to-a-loss-in-second-quarter.htm Tue, 19 Aug 2008 17:38:10 EDT Any hope for a turnaround at Atlantic City's casinos evaporated in the July heat. Summer is usually a hot time for the 11 gambling halls, but not this year. Revenues fell 6.6 percent this July compared to a year ago, increasing the likelihood that the city's industry will have its second consecutive down year. http://www.ibtimes.com/articles/20080811/july-offers-no-relief-for-atlantic-city-casinos.htm Mon, 11 Aug 2008 16:55:17 EDT Among the earnings stories for Thursday, Aug. 7, from AP Financial News: ATLANTIC CITY, N.J. (AP)--Casino operator Trump Entertainment Resorts Inc. said Thursday its net loss widened in the second quarter, falling short of analysts' estimates, on a decrease in gaming revenue. http://www.ibtimes.com/articles/20080807/earnings-roundup-trump-entertainment-trimeris.htm Thu, 07 Aug 2008 18:09:46 EDT Among the earnings stories for Thursday, Aug. 7, from AP Financial News: AUSTIN, Texas (AP)--Shares of Perficient Inc. sank Thursday after the information technology consulting company predicted third-quarter revenue below Wall Street expectations. http://www.ibtimes.com/articles/20080807/earnings-roundup-perficient-parexel.htm Thu, 07 Aug 2008 15:16:26 EDT Casino operator Trump Entertainment Resorts Inc. said Thursday its net loss widened in the second quarter, falling short of analysts' estimates, on a decrease in gaming revenue. http://www.ibtimes.com/articles/20080807/trump-entertainment-resorts-loss-widens-in-2q.htm Thu, 07 Aug 2008 16:58:51 EDT Pinnacle Entertainment Inc. says a new mega-casino it plans to build in Atlantic City will have a beach house theme. The Las Vegas-based company plans to hold onto its land on and near the Boardwalk area of Atlantic City until credit markets improve and it can build its mega-casino project, chairman Dan Lee said Wednesday. http://www.ibtimes.com/articles/20080806/pinnacles-new-mega-casino-in-ac-has-beach-theme.htm Wed, 06 Aug 2008 14:09:03 EDT