Calling their conduct “constitutionally abhorrent,” a federal judge recently chided government prosecutors for working in secret to keep millions of dollars in cash and assets seized from a Las Vegas gambler and his family in a decade-long bookmaking investigation.
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Casinos & Gaming
A year ago, Las Vegas Sands Corp. was looking to sell its Pennsylvania hotel-casino complex, housed on the historic site of the long-closed Bethlehem Steel Mill. Now, the company is prepared to invest $800 million into the development.
In 2009, MGM Mirage Corp. was downsizing its communications staff as the recession tightened its grip on the company, the gaming industry and the community. Reggie Burton who oversaw corporate and community affairs, decided to start his own boutique public relations and consulting business.
TRENTON, N.J. — New Jersey is moving ahead with plans to permit betting on sports in the state, and a racetrack said it will start taking bets next weekend. But legal challenges could stall the rollout.
The Trump Taj Mahal may survive after all, but it’s likely to do so with angry employees.
Caesars Entertainment said it would begin talks with bank creditors in order to re-work portions of the casino operator’s $24.2 billion debt.
MGM Resorts International said Thursday it agreed to sell the Gold Strike in Jean to JETT Gaming, a company owned by members of the Herbst family.
TOKYO — Japan’s pro-casino lawmakers have agreed to consider setting limits on Japanese nationals’ entry to casinos, bowing to pressure from opponents who threatened to block a legalization bill unless it addressed issues such as gambling addiction.
ATLANTIC CITY — The loss of four casinos began to show up in Atlantic City’s gambling revenues in September, which were nearly 13 percent less than they were a year ago before the lights started going out.
Las Vegas Sands Corp. shrugged off the declining Macau gaming market during the third quarter, saying Wednesday that companywide net income increased 7.2 percent.
The $5.1 billion buyout of slot machine giant Bally Technologies by lottery provider Scientific Games Corp. could lead to a 21 percent reduction in the combined companies’ non-manufacturing and production workforce.
Anyone who has followed Dan Lee over the years understands his motivation in launching a proxy fight for control of regional casino operator Full House Resorts. He sees opportunity.
WILMINGTON, Del. — A federal bankruptcy court judge will issue what the owners of Atlantic City’s Trump Taj Mahal Casino Resort consider a life-or-death decision on Friday for the troubled gambling hall.
TRENTON, N.J. — State lawmakers passed a measure that could clear the way for sports betting in New Jersey, aiming to boost the state’s ailing casino and racetrack industries.
BOSTON — Massachusetts mayors and town executives on Tuesday challenged a study by anti-casino activists that claims new casinos will reduce city and town profits from the state lottery.
SANTA ANA, Calif. — The Orange County Register has hired former casino executive Richard Mirman to be its interim publisher and chief executive, the newspaper said Monday night.
The recently-opened SLS Las Vegas laid off less than 2 percent of its workforce after evaluating its staffing needs, a spokesman for the property said Monday.
Casino operator Full House Resorts said Monday the Las Vegas-based company has been “evaluating strategic alternatives for several months” and called a proxy fight a group of shareholders “inappropriate and disruptive.”
Amaya Gaming Group CEO David Baazov engineered the $4.9 billion acquisition this summer of online gaming giant PokerStars. If he is successful in restoring the once-tainted PokerStars presence in the U.S., the move could dramatically change the financial prospects of the American online gambling market.
The trade show floor at the Global Gaming Expo looked more like a cross between TV Land and Netflix. New slot machines concepts were displayed to casino floor decision makers earlier this month during the annual three-day gaming industry get-together.
ATLANTIC CITY — Carl Icahn accused New Jersey’s Senate president of “selling out” Atlantic City by considering casinos near New York City, while the legislative leader said the state wouldn’t give the billionaire investor the tax breaks he is seeking.
Caesars Entertainment Corp. said it received a notice of default from a group of bond holders over a portion of the company’s $24.2 billion debt.
BOSTON — State gambling regulators say they see no wrongdoing by Wynn Resorts following last week’s arrests of three owners of land the company wants to develop into a casino.
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