The East Coast gambling hotspot of Atlantic City, N.J., is not likely to give its desert rival Las Vegas a run for its money anytime soon, Caesars Entertainment Chairman and CEO Gary Loveman told CNBC on Thursday. “There are two offsetting forces at the moment,” Loveman said in a “Squawk Box” interview. “The business has been contracting over the last few years as a result of so much new competition. [And] it makes it hard for people to invest in that market.” The American Gaming Association said that gambling revenues in Atlantic City totaled $3 billion last year—down 42 percent…

From Business Week – In the gambling industry, everyone is watching Macau, the spit of land south of Hong Kong that is rapidly supplanting Las Vegas as the world’s gaming capital. But don’t count Vegas out just yet—some of the world’s high rollers in Macau appear to be curious about that famous Strip in the desert. Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM Resorts International (MGM) have been expanding rapidly in the Chinese enclave, lured by the enormous opportunities of a large and growing middle class, plus wealthy gamblers. As the Macau business grows, American gambling companies have…

From Business Insider Sheldon Adelson is the CEO of mega casino company Las Vegas Sands. You might think that his business would feel threatened if online gambling became legal, and gamblers no longer had to enter his physical casinos. Thus it’s no surprise that during an interview on BloombergTV, Adelson slammed online gambling as a toxic trainwreck. Of course, he doesn’t say he’s against online gambling because it will hurt his business. He says it’s all about society and the possibility that gamblers will get too hooked. “They are not getting wrong. I just had lunch with Steve Wynn. He…

Whether you’re going for a girls’ getaway, spa retreat, or casino-and-cocktails sojourn, Las Vegas is an over-the-top destination that always delivers. And while what happens in Vegas may stay in Vegas, we’re willing to share our insider tips on making the most of your time in Sin City. Check out our latest intel on what’s new, where to stay and play, and the hidden secrets that make Sin City such an unforgettable spot. The current trend in the revolving door of hotel openings and closings has shifted from rebuilding to reinventing an existing venue; in other words, what’s old is…

From LA Times Poker aficionados will descend on Las Vegas as the 44th World Series of Poker kicks off at Rio All-Suite Hotel & Casino. The first event, which began Wednesday, is a two-day No-Limit Hold ‘em tournament exclusively for casino employees. This year, the World Series of Poker, first held in 1970, will run until July 15 and will feature 62 events on 480 tables. Seemingly every major poker variation is present in the tournament, with buy-ins for the various events ranging from $500 to $111,111. Anyone 21 years or older can enter. Tens of thousands of poker enthusiasts…

Like infinite numbers of women before her, Heather Robbins didn’t dream of Nevada brothels. She came to Las Vegas with a bit of luggage and a big dream: to someday become a showgirl; or at the very least, to dance in a strip club and maybe work her way up by catching the attention of somebody influential. Like the thousands before her, the 22-year-old arrived by bus, fleeing a dysfunctional relationship, a negligent family, and desperate poverty in inner-city Indianapolis. Within the first week here, she managed some job interviews but never a job. By week two, she was ripping…