The $1.2 billion buyout of slot machine maker Multimedia Games by Global Cash Access was approved Thursday by the Nevada Gaming, which allowed the transaction to clear its final regulatory hurdle.
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Casinos & Gaming
Navada Gaming Commission approved the $1.73 billion purchase of the Cosmopolitan of Las Vegas Thursday.
The Nevada Gaming Commission on Thursday approved SLS Las Vegas part-owner Sam Nazarian a one-year limited license after listening to him apologize for past dealings and not being truthful about his past use of drugs.
The FBI had to move up a raid on an international gambling operation at Caesars Palace in July because word had slipped out about the investigation, a state gaming agent testified Wednesday.
NEW YORK — New York state approved three casino developments worth $1.4 billion on Wednesday that promise to add more than 5,000 jobs to the sluggish upstate economy and generate around $300 million in tax revenues for state coffers, but a proposal by Las Vegas-based Caesars Entertainment did not make the cut.
Tutor Perini Corp., the general contractor behind CityCenter and a party in a massive construction defect case involving the development’s Harmon Hotel, said Wednesday it would receive “total net settlement proceeds” of approximately $189.5 million on its lien claims.
The new owners of the Cosmopolitan of Las Vegas have tabbed long time gaming executive Bill McBeath as CEO of the Strip resort.
In Macau, there are spectacular images of the city’s downtown Peninsula skyline from the Ruins of St. Paul. Above the church site is Mount Fortress, built by Jesuits to protect the Portuguese colony. The crumbled buildings and cannons serve as a metaphor for the current state of the Chinese gaming enclave.
SLS Las Vegas part-owner Sam Nazarian said Tuesday he would step away from all day-to-day operations of the north Strip resort.
Sometimes late at night Bobby Florence will stop by the main gaming floor at the Gold Coast where people are wagering money on a new baccarat game called Rabbit’s Play. He’ll get a little twinkle in his eye, as he did when he scored 35 points in one half against Saint Mary’s 40 years ago.
Caesars Entertainment Corp. made good on previous predictions and skipped a $225 million interest payment Monday while the casino operator continued debt reduction talks with lenders.
When he appears at the Nevada Gaming Commission Thursday, Sam Nazarian — the visionary behind SLS Las Vegas — should accept the Dec. 3 recommendation by the Gaming Control Board for a one-year limited gaming license.
TORONTO (Reuters) — Shares in Amaya Gaming Group Inc fell 15 percent on Friday after it disclosed that the company and its officers are cooperating with Quebec securities regulator AMF in an investigation regarding trading activities in Amaya securities.
U.S. Sen. Harry Reid of Nevada said Friday that Congress next year will take up legislation to outlaw Internet gambling, and he plans to support a ban while trying to gain an exemption for online poker.
Caesars Entertainment Corp. said Friday several creditors exited discussions with the casino operator over a large portion of the company’s gaming industry high debt, leaving investors doubting the success with talks that have been ongoing since September.
Sports betting company CG Technology announced a deal Friday with the $3.5 billion Baha Mar resort in The Bahamas to provide the development with a mobile sports wagering system.
Caesars Entertainment Corp. is expected to miss a $224 million interest payment owed to bondholders as the company prepares to file Chapter 11 bankruptcy on its largest operating division next month.
Las Vegas Sands Corp. named longtime company executive Rob Goldstein as president and chief operating officer, Thursday, replacing the retiring Mike Leven.
Scientific Games Corp. officially appointed former Bally Technologies CEO Richard Haddrill as executive vice chairman of the gaming equipment manufacturer, a move announced this summer.
Atlantic City is expected to slash a bond sale by 71 percent to $40 million because the multitude of uncertainties facing the city have made it difficult to borrow, a city official told Reuters on Wednesday.
MGM Resorts International Senior Vice President of Public Relations Jenn Michaels was named Wednesday to an industry trade publication’s first-ever list of Top Women in PR.
California’s latest effort to legalize online poker would sideline PokerStars, shut out the racetrack industry, and offer a twist that makes traditional casinos and card rooms part of the game.
When looking at the cumulative financial benefits of the nation’s gaming industry, the Silver State is No. 1 in economic impact, No. 1 in jobs supported and No. 1 tax revenue to state and local governments. Yeah, big surprise.
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