Australia Moves In, Trump Wants Out
Crown Resorts owner James Packer is looking to expand to Las Vegas while Donald Trump is looking to get his name out of Atlantic City.
Also, the merchandise from Full Tilt Poker's former points store was sold this past weekend at auction.
Crown Resorts Owner Eyeing Las Vegas Resort?
According to recent reports Australia's Crown Resorts owner James Packer has put up $260 million for a controlling stake in the property across from the Wynn in Las Vegas.
Formerly the home of the New Frontier Hotel and Casino the property has stood vacant since the casino was demolished in 2007.
In a press release Packard stated, "You can't be in the gaming industry and not have a special reverence for Las Vegas - that's where it all began."
"As we have built Crown Resorts into a thriving international company with successful casino ventures in Australia, Macau and London, we've always kept our eye on Las Vegas. And while we fell short in past attempts to enter that market we now have the ideal opportunity."
Construction is expected to begin on the new casino sometime in 2015 with an estimated 2018 completion.
Old Full Tilt SWAG Sold at Auction
Ever wondered what happened to all that Full Tilt Poker gear they gave out at events or sold for points?
Wonder no more. The J. Sugarman Auction Corp held an auction on Saturday for over $3.5 million in store inventory. Items ranged from stress balls and shot glasses to Full Tilt clothing, tote bags and chip sets.
Items were sold in bulk lots with most items going for pennies on the dollar.
An example of some items sold were 46 copies of Andy Bloch's Beating Blackjack DVD for .25 each. Howard Lederer's Secrets of NL Hold'em sold for .10 each. The lucky winner won 15,609 copies of the DVD.
The highest priced individual item sold was a Full Tilt Poker table. The winner received a quantity of 10 at $350 each.
Donald Trump Sues to Remove Name from Atlantic City Casinos
Once a powerful figure in Atlantic City gambling Donald Trump has decided enough is enough.
Trump filed a lawsuit on Tuesday demanding his name be removed from two Atlantic City casinos.
He is suing Trump Entertainment Resorts to have his name removed from the Trump Taj Mahal and Trump Plaza. Trump was the principle owner of the company until forced to resign in the company's 2009 bankruptcy.
According to Trump, "I want it off both of them. I've been away from Atlantic City for many years. People think we operate [the company], and we don't. It's not us. It's not me." He argues in the suit that the casinos are hurting his brand and image.
Trump has a good shot to win his case. Both casinos have been slumping for years and the Trump Plaza is schedule to cease operations in September. This should be enough proof to have his name removed from the Taj.
Atlantic City has suffered in 2014. The year started with 12 casinos operating in city limits and by the end of the year that number might be reduced to just eight.
The Atlantic Club closed in January and both Showboat and Trump Plaza are scheduled to close this summer. If Revel is unable to find a buyer, it may be forced to close as well.