2006 July 05 Gambling News, Events and Happenings

The first-ever shutdown of all 12 Atlantic City casinos forced a broad decline in the shares of companies with big stakes in the USA’s second-biggest gambling market.

The gates closed Wednesday on this gambler’s paradise when New Jersey ordered the city’s 12 casinos to stop all gaming activities because it can’t pay state casino inspectors.

The chips were down literally Wednesday in Atlantic City when the gambling magnet’s dozen casinos closed after Gov. Jon Corzine and state legislators could not agree on how to plug a $4.5 billion budget gap. The result: an unprecedented shutdown of state services that began Saturday widened to include casinos, where state regulators are stationed to audit gambling’s round-the-clock financial

The dice stopped rolling, dealers quit shuffling and slot machines fell silent Wednesday as New Jersey’s casinos closed for the first time, the latest victims of a five-day state government shutdown that showed no signs of ending soon.

The ringing of slot machines could no longer be heard as Atlantic City’s casinos closed for the first time in the 28 years.

Mark Vos, a 22-year old Australian who has earned a reputation as one of the world’s top online poker players proved today that he can play against live opponents equally well, becoming one of the youngest …

Three directors of PartyGaming decided to cash in some of their share holdings for a total of 5.5m just a month after the company’s four founders sold a 5 per cent stake in the business.

If a preacher secretly accepts a bucket of money from a saloonkeeper to organize a temperance rally at a rival saloon and maybe send in a gang of church ladies to chop up the bar with their little hatchets, …

New Jerseys government shutdown spread to casinos Wednesday when state casino inspectors were forced off the job by the impasse. Thousands of vacationers were turned away from casinos in Atlantic City. State workers are off the job because New Jersey lawmakers haven’t reached agreement on a new state budget. The state court system, state parks and beaches, and numerous other services are also