As SLS Las Vegas nears its one-year anniversary in August, it’s become clear the north Strip hotel is having trouble finding its niche in the resurgent Strip market.
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Casinos & Gaming
Las Vegas City Council members on Wednesday put off approval of a gaming license sought by popular tavern chain operators at Dotty’s, delaying action on a controversial license at least one council member had hoped to deny.
Mark Frissora took over as CEO of Caesars Wednesday, replacing Gary Loveman, who remains as the company’s chairman.
Macau’s nearly three dozen casinos collected $2.172 billion in gaming revenue in June, a 36 percent decline compared to a year ago.
A Georgia law firm says the Cosmopolitan of Las Vegas owes it $3.4 million — money a partner improperly transferred from the firm’s accounts in 2012 for gambling there. The firm, Morris Schneider Wittstadt, recently made the allegation in a federal lawsuit filed in Las Vegas.
At some point, the estate of Kirk Kerkorian will no longer have ownership in MGM Resorts International. But disposing of more than 91.2 million shares in the casino giant won’t happen overnight.
Boyd Gaming Corp. said Tuesday it will add a hotel tower and other amenities the Delta Downs.
The efforts of elected officials to stop the spread of the Dotty’s slot parlor chain have failed because the state body that could settle the legality of the business model has no interest in doing so.
Illinois-based investment group Z Capital, which has twice failed to acquire casino operator Affinity Gaming, has made another cash offer to purchase the Las Vegas-based company.
The developer of the $3.5 billion Baha Mar resort in the Bahamas filed for bankruptcy in the United States on Monday and blamed its Chinese general contractor for missing its completion deadline, costing critical revenue.
In a securities filing, bankrupt Caesars Entertainment Operating Co., said its total revenue during April was $327.8 million, including $239.1 million in casino revenue.
Tables resembling giant smart phones have grown so popular inside The Mirage, Bellagio and MGM Grand that content providers are clamoring to put their free-to-play gambling products on the devices.
Nevada’s casino industry recorded it first $1 billion gaming revenue month since December 2013 during May.
Ālon Las Vegas, a hotel-casino project led by Australian billionaire James Packer and former Wynn Resorts executive Andrew Pascal, to rise from the 33-acre Strip site across from Wynn Las Vegas.
Republican Rep. Joe Barton re-introduced legislation Thursday that would legalize online poker in states that choose to play. It would set up a system rooted in the Department of Commerce and carried out by individual states to license and regulate game sponsors.
Herbst family-owned JETT Gaming will take over the Searchlight Nugget next week after the Nevada Gaming Commission Thursday signed off on the purchase of the historic gaming site in tiny Searchlight.
Legislation that would reimpose a ban on legalized gambling over the Internet was introduced Wednesday in the U.S. Senate.
Massachusetts’ first casino opened Wednesday when Penn National Gaming took the wraps off the $250 million Plainridge Park casino in Plainville.
State gaming regulators and gambling equipment company representatives discussed draft rules governing development and use of slot machines that include a skill-based element aimed at attracting younger players.
Casino baron Steve Wynn is no stranger to self-inflicted wounds. He just suffered another one in his ill-advised slander lawsuit against stock market short-seller James Chanos.
The SLS Las Vegas lost $35.3 million in the first quarter, according to a securities filing and the Strip resort’s private equity owners contributed a total of $5.3 million in April for the property’s general operations purposes.
Lakes Entertainment shareholders approved the company’s merger with Las Vegas-based tavern and slot machine route operator Golden Gaming during a vote on June 17, the company said in a securities filing.
At some point — if we’re reading the signs correctly — regional casino operator Pinnacle Entertainment will marry itself to real estate investment trust Gaming and Leisure Properties Inc. Wall Street hopes this isn’t a shotgun wedding.
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