Wynn Resorts Ltd. director Elaine Wynn called a decision by the company to remove her from the board “extraordinarily disappointing” and she was considering her next move.
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Casinos & Gaming
Wynn Resorts Ltd. is planning to remove long-time director Elaine Wynn from the casino operator’s board of directors, primarily due to a 2012 lawsuit she filed against her ex-husband, company Chairman and CEO Steve Wynn.
Blackstone Group executive Jonathan Gray doesn’t consider himself a gambler. But the New York City-based private equity fund is wagering $1.73 billion it can make The Cosmopolitan of Las Vegas a shining jewel on the Strip.
The immigrants were among refugees fleeing the violence in Bosnia after a war that erupted in 1992 with the collapse of Yugoslavia.
It’s been a year since American billionaire Sheldon Adelson’s casino company was hacked. Now the blame is officially being placed on Iran.
Legislation that would repeal a federal handle tax on Nevada sports books was reintroduced in Congress Friday by Rep. Dina Titus, D-Nev., who said the levy places an undue burden on the state’s sports book industry.
Nevada casinos turned the corner in January. Gaming revenue increased 7.75 percent statewide while Strip casinos grew totals by 15.4 percent during the first month of 2015, the Gaming Control Board said Friday.
Caesars Entertainment Corp. on Thursday sold its 20 percent interest in three Ohio casinos to partner Detroit-based Rock Gaming.
It didn’t take long for Nevada sports books to begin offering betting lines on the 2016 Summer Olympic Games in Rio de Janeiro, Brazil.
The Nevada Supreme Court on Thursday upheld the constitutionality of the state’s “markers law” in a case involving a high roller who failed to pay off a combined $384,000 in markers he took from the Hard Rock Hotel, Caesars Palace, The Venetian and Palazzo in the fall of 2008.
The Gaming Control Board and Nevada Gaming Commission, after more than three hours of special meetings in Las Vegas, signed off on Italy-based lottery giant GTECH Holdings $6.4 billion buyout of Nevada-based slot machine manufacturer International Game Technology.
Bank of America Corp. on Wednesday said it reached a $300 million settlement of a lawsuit brought by lenders that helped finance construction of the failed Fontainebleau, which filed for bankruptcy protection in June 2009.
There is no debate that Station Casinos had a strong finish to 2014, giving analysts hope that recovery in the Las Vegas locals gaming market is underway. Now, the investment community may want a piece of the action.
NEW YORK— The shuttered Revel in Atlantic City again has a buyer — and again it’s Florida developer Glenn Straub, who was lured back by a discounted price of $82 million.
Caesars Entertainment Corp. is getting used to saying no. For the second time in two weeks, the casino operator rejected a demand from an unsecured second level bond holder for payment of the obligations.
Scientific Games Corp. said a federal judge dismissed a more than five-year-old patent infringement lawsuit against a company subsidiary.
For a decade, north Strip casino operators anticipated a redevelopment of the area that would include new megaresorts and entertainment complexes rivaling projects underway on the boulevard’s southern end.
MGM Resorts International will hold a job fair Wednesday at the Mandalay Bay Events Center to hire more than 500 permanent positions at 13 of the company’s Strip-area resorts.
The storied Riviera has been sold to the Las Vegas Convention and Visitors Authority for $182.5 million.
A U.S. bankruptcy judge on Thursday terminated the $95.4 million sale of Atlantic City’s Revel to Florida developer Glenn Straub, clearing a path for a third attempt to sell the troubled property.
When the Las Vegas Convention and Visitors Authority board of directors takes up the acquisition of the Riviera on Friday, it will do so with a board comprised of members who will have to consider killing jobs — and competition. Most industry observers believe the proposal will be approved and that the only suspense will be in whether the vote is unanimous.
The person behind the $300,000 dinner at Bellagio’s Prime Steakhouse has been revealed.
Eighteen months ago, Culinary Workers Local 226 and the Cosmopolitan of Las Vegas weren’t very chummy. The union held several protests that blocked the Strip in front of the resort, committing several acts of civil disobedience. All that was in the past Wednesday as the union wanted to celebrate new ownership.
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