Financially strapped Atlantic City scraped together enough money to make a $1.8 million bond payment Monday morning, narrowly avoiding becoming the first New Jersey municipality to default on its debt in 78 years. Mayor Don Guardian likened the city’s desperate state to rummaging around the sofa cushions in search of stray cash.
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Casinos & Gaming
Shares of U.S. casino operators rose Monday as monthly Macau gambling revenue fall less than feared.
Las Vegas isn’t going to be mistaken for coastal California or the rolling hills of Augusta National in Augusta, Georgia, where the Masters is played. But when it comes to the high-end golf experience, Southern Nevada can hold its own.
A federal jury has acquitted three men accused of trying to hide a convicted felon’s ownership stake in land Wynn Resorts wants to develop into a casino in Massachusetts.
Atlantic City’s casinos, saying they are “on the edge of the abyss,” want an immediate vote on bills in the state Legislature that would help the casinos and let the state take over the city’s finances.
BOSTON — Two major resort casinos won’t duke it out in Massachusetts’ southeastern corner after all.
NCAA basketball helped set a sports betting record in March in Nevada, but the heavy wagering did not translate to a positive statewide gaming win for the month, the Gaming Control Board reported Thursday. Nevada’s casinos won $922 million from gamblers in March, a 3 percent decrease over the same month in 2015, the monthly gaming report showed.
The Stratosphere Hotel & Casino, the brainchild of the late Bob Stupak, is about to celebrate its 20th anniversary.
Boyd Gaming, the company that left the Strip in the rear-view mirror to focus on downtown Las Vegas and the city’s locals market, on Tuesday announced its seventh straight profitable quarter, capping a week that included two announcements to buy three properties.
The real estate investment trust that owns the M Resort in Henderson on Tuesday reported flat first-quarter earnings that still exceeded Wall Street profit expectations.
Mike Rumbolz never expected to be a CEO at this stage of his gaming career. But casino equipment provider Everi Holdings needed to make a drastic change.
A bondholder lawsuit against Caesars Entertainment Corp., which the casino company has warned could plunge it into bankruptcy alongside its operating unit, was stayed Friday by a U.S. Bankruptcy judge.
The new year didn't start off as planned for Nevada casinos.
Slot machine giant Scientific Games Corp. said Thursday it closed out 2015 with a quarterly revenue fourth quarter revenue while the company sliced $231 million from the bottom line after completing the $5.1 billion acquisition of rival Bally Technologies.
The decade-old tip pooling program at Wynn Resorts' Las Vegas properties is still alive despite an adverse ruling this week by a federal appellate court.
Austrian-based gaming technology company Novomatic has acquired a majority stake in slot machine maker Ainsworth Game Technology, which is developing its North American headquarters in a complex under construction in southwest Las Vegas.
The 9th U.S. Circuit Court of Appeals on Tuesday reversed a U.S. District Court ruling that allowed Wynn Las Vegas to pool its dealers' tips and distribute them among other employees.
Caesars Entertainment Corp. said Tuesday the casino company's net loss declined in the fourth quarter but the Strip gaming giant termed the year a success following the bankruptcy filing of its largest operating division.
MGM Resorts International is hiring more than 200 part-time positions for the T-Mobile Arena, which opens in April.
Steve Wynn was calm and complimentary toward the Macau government 12 days ago during the company's fourth-quarter conference call.
Atlantic City's mayor has called a state plan to cede control of the fiscally distressed gambling hub a "fascist dictatorship," a sharp reversal of his previous position on the proposed takeover.
Ainsworth Game Technology, fresh off its $38 million purchase of Nova Technologies, will makes its initial push into the Indian gaming when it displays more than 50 slot machine titles at the Indian Gaming Tradeshow & Convention March 13-16 at the Phoenix Convention Center.
A new Nevada gaming regulation will change the manner in which casinos owned by private investment groups report their quarterly financial results.
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