New York Daily News – It was only a pipe dream. Workers cleaning a clogged sewer pipe at an Atlantic City casino may have thought they landed a $2.7 million windfall when they found more than 500 poker tournament chips. But the chips were counterfeit. The Harrah’s Resort and Casino employees unearthed the chips in the room of poker competitor Christian Lusardi, 42, of North Carolina, according to The Press of Atlantic City. Lusardi was taken into custody Friday at an Atlantic City motel, investigators said, accused of stuffing the chips into the pipe. The bad act spurred the cancellation…

Trump Entertainment’s two Atlantic City properties have been issued online gambling permits, with more permits for other Atlantic City properties likely on the way. Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino both obtained permits as of Thursday, according to a list on the New Jersey Division of Gaming Enforcement’s website. They are the third and fourth casinos in New Jersey permitted for online gambling operations. “We are very pleased to acknowledge that Trump Plaza and Trump Taj Mahal have received the third and fourth Internet gaming permits in the state of New Jersey. This is very…

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…

The advent of Internet gambling in New Jersey has left a British online gambling firm placing a bet on Atlantic City with plans to build or buy a resort casino. London-based 2UP Gaming PLC is in negotiations to purchase an Atlantic City casino. If that’s not possible, the company is prepared to build anew, said Vincent Crandon, who will oversee 2UP Gaming’s American expansion. The company announced its intentions Friday, saying an Asian investment firm is prepared to contribute $330 million to the project. “I don’t count New Jersey out by any means,” Crandon said, speaking about the decision to…

Internet gambling isn’t expected to start in New Jersey until around Thanksgiving, but Atlantic City casinos must move fast to line up partners for their online operations. The state Gaming Enforcement Division has told the casinos they have until June 30 to arrange Internet gambling deals. The short time frame is intended to give state regulators time to examine the qualifications and backgrounds of the companies that want to partner with the casinos, particularly since several foreign companies are considered likely to join with Atlantic City casinos. One of them, Bwin.party, is based in Gibraltar, and has inked a deal…

From Courier Post Casinos will win with new gambling revenue. New Jersey will win with new tax revenue. Consumers will win with a new entertainment option that they can play from the comfort of a coffee shop or their own sofa. Everybody, it seems, is guaranteed to win. Except Atlantic City itself. New Jersey is rolling out legalized Internet gambling, betting that it will help casinos fend off fierce competition from neighboring states, bolster the state’s tax revenue and be a powerful economic engine once again. It is a chance, casinos say, for New Jersey to remain on the cutting…