The Teamsters Union said it was suspending a picket line at SLS Las Vegas but threatened to resume the protest if it can’t organize some 50 valet parking employees at the Strip resort.
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Casinos & Gaming
Caesars Entertainment Corp. is making payments to a portion of the company’s current and former employees who lost a combined $78.6 million in deferred compensation when the casino giant’s largest operating unit filed Chapter 11 bankruptcy in January.
Casino operator Affinity Gaming formally rejected a buyout offer proposed by the company’s largest shareholder, saying the price was too low.
Gaming industry chief lobbyist Geoff Freeman warned Thursday against restricting the use of federal government credit cards in casinos, calling the idea an overreaction to an audit that found thousands of questionable transactions.
A bill backed by the Nevada gaming equipment industry was signed Thursday by Gov. Brian Sandoval and will allow state gaming regulators to adopt rules where slot machines can add a skill-based, arcade-style element to the game.
Stockholders of Pinnacle Entertainment rejected seven proposals offered by hotel and restaurant workers union UNITE HERE that would have changed the regional casino company’s bylaws concerning shareholders rights.
Backed by Las Vegas Sands Corp. Chairman Sheldon Adelson, the bill pending in Congress would end most forms of online betting, including interactive poker in Nevada.
The Teamsters Union set up picket lines at the SLS Las Vegas on Wednesday, complaining the hotel-casino is not allowing its valet parking attendants to form a union.
An offer to acquire all outstanding shares of casino operator Affinity Gaming by its largest shareholder has expired, and the investment firm that made the offer believes the company that owns the Primm resorts and Silver Sevens should be sold.
During the past decade, Penn National Gaming was named as a potential buyer of nearly every Strip resort that was for sale or rumored to be on the market.
New York based Land and Buildings Investment Management ended its proxy fight with MGM Resorts International Tuesday.
Slot machine maker International Game Technology plans to sell its massive corporate Las Vegas campus.
London-listed online gambling company Bwin.Party Digital Entertainment was at the center of a $1.7 billion takeover battle on Monday as its competitors circled with rival bids.
Timing is everything for creditors appealing the start date of the bankruptcy filing for Caesars Entertainment Corp.’s operating company in hopes of unlocking $468 million in value.
A Wall Street investment house downgraded the prospects for the three Nevada-based casino operators with expanding developments in the cratering Macau gaming market.
Once a Hollywood darling, the off-Strip Las Ramblas megaresort was a recession flop. Its vacant 60-acre site goes on sale Monday at a fraction of its past value.
Spain houses more than 200,000 slot machines countrywide. The payouts are not life changing for the customers and the gaming revenue doesn’t move the needle for operators.
MGM Resorts International on Friday selected Olivia Brown as general manager of Bellagio.
Stratosphere owner American Casino & Entertainment Properties said Friday the company grew quarterly revenue 6.1 percent in the first quarter and nearly doubled its profits.
A bill backed by Nevada’s gambling equipment manufacturers that would allow slot machines to add a skill-based, arcade-style element to the game has been approved by both legislative houses and awaits the governor’s signature.
Everything from the Sinatra Suite goes fast as employees and friends get first-crack at buying the venerable hotel’s furnishings and equipment.
The Cosmopolitan of Las Vegas reduced its net loss by more than half in the first quarter, its first full three-month period under the ownership of the Blackstone Group.
Full House Resorts saw net revenues decline slightly in the first quarter as new management takes control of the Las Vegas-based casino operator.
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