Macau’s gaming industry is on the skids, but Wynn Macau Ltd. plans a $706 payday, with the home office collecting most.
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Casinos & Gaming
GTECH Holdings is paying $6.4 billion to acquire International Game Technology, but the Italy-based lottery giant is taking on more than just “Wheel of Fortune” and the company’s other slot machine titles and products. GTECH wants the name IGT.
A Las Vegas judge is mulling what, if any, sanctions to impose on Sands China Ltd. for redacting personal information from documents the company produced out of Macau in January 2013.
Nevada slot machine route operator Century Gaming Technologies doesn’t own the bars, taverns, restaurants or convenience stores where it manages more than 3,000 games. It’s a somewhat unusual — but successful — strategy for the state’s second-largest route company.
Wynn Resorts Ltd. added nearly 2 more acres to its planned casino site outside Boston where the company is planning to build a $1.6 billion hotel-casino.
Former American Gaming Association CEO Frank Fahrenkopf Jr. has joined San Jose, Calif.-based Joingo as a strategic adviser to the mobile gaming company.
The operating unit of casino company Caesars Entertainment Corp. detailed its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court.
Maybe February was rock bottom in Macau, where casinos suffered a 49 percent decline in gaming revenue during February — the market’s single-worst monthly decline on record.
Macau casinos suffered their worst single month gaming revenue decline on record in February, marking the region’s ninth straight monthly dip.
Anyone hoping for extensive details Monday on the bankruptcy efforts covering Caesars Entertainment Corp.’s largest operating division was disappointed.
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.
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.
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