Two casino companies with Nevada ties had improved first-quarter results, including Las Vegas-based Pinnacle Entertainment which reported record net revenue.
Subscribe to Casinos & Gaming RSS feed
Casinos & Gaming
Elaine Wynn’s uphill bid to retain a seat on Wynn Resorts Ltd.’s board of directors failed, but the longtime philanthropist and ex-wife of Chairman and CEO Steve Wynn says her efforts served their purpose.
The Nevada Gaming Commission has removed renowned slot-machine cheat Eugene Bulgarino from the state’s List of Excluded Persons, the so-called “Black Book.”
NEW YORK — New Jersey’s capital city, Trenton, has canceled a bond refunding sale because a credit downgrade on Monday left it unable to save enough money for the deal to meet legal standards, Trenton’s finance director told Reuters.
Las Vegas attorney Joe Brown, a member of the Nevada Gaming Commission since 2008, resigned from the five-member regulatory board on Thursday for personal reasons.
The Nevada Gaming Commission has approved the sale of the 300-room Gold Strike Hotel and Gambling Hall in Jean to the Herbst family in a deal the new owners are calling more of a real-estate play than a gaming opportunity.
Creditors of the bankrupt operating unit of Caesars Entertainment Corp. said they wanted to stop the casino company from extending the period when it has exclusive control of its Chapter 11 reorganization so other plans could be proposed.
Since the Circus Circus Adventuredome’s El Loco roller coaster ride opened, its cars have traveled more than 61,000 miles — about 2½ times around the world. But MGM Resorts International is getting even more mileage from the popularity of the ride that debuted a year ago at the nation’s largest indoor theme park.
Las Vegas Sands Corp. revenues dropped below forecast nearly 25 percent in the first quarter of 2015. The company announced Wednesday its revenue for the quarter, which ended March 31, fell 24.9 percent to $3.01 billion compared with $4.01 billion in the first quarter of 2014, primarily due to softness in Macau.
The high-profile boardroom battle between Wynn Resorts’ board of directors and dissident board member Elaine Wynn will come to an end Friday morning, but not before both sides fired off more volleys in advance of the company’s annual shareholders meeting.
A Las Vegas judge began hearing testimony Monday to help her determine whether she has jurisdiction over Sands China Ltd. in a breach of contract case filed by Steven Jacobs, the former president of Sands Macau.
Steve Wynn is looking to weaken the state’s anti-SLAPP law. And if you know anything about Steve Wynn’s record of success at the Legislature, you know he usually gets his way.
Shares of Caesars Entertainment fell $2.05, or 17 percent on Monday to close at $10. The casino operator said the company’s bankrupt operating division, Caesars Entertainment Operating Co., has been unable to reach a deal regarding the restructuring plan to cut “some” debt, Reuters reported.
Sports bettor Glen Cobb and his family pleaded guilty Monday in a long-running investigation of a multimillion-dollar illegal gambling operation.
A New Jersey state senator seems to think the percentages favor statewide sports betting in the Garden State. The state senator, Democrat Raymond Lesniak, predicted on Thursday in Las Vegas that there is an 85 percent to 90 percent chance that a June court ruling will either allow or guide the way to legal sports betting in New Jersey.
While the recession knocked the California Indian casino market down a few notches — as it also did in Nevada — signs are afoot the Golden State’s tribal gaming industry is once again firing up.
State gaming regulators have recommended approval of the sale of the 300-room Gold Strike in Jean, south of Las Vegas, to a company owned by the Herbst family.
IGT CEO Marco Sala rang the opening bell to start trading on Wall Street Tuesday morning. Right, that’s IGT CEO Marco Salo — not GTECH CEO Marco Sala.
A leading independent proxy advisory firm has recommended that Wynn Resorts shareholders withhold their votes for two company-recommended candidates to serve on the company’s board of directors. Institutional Shareholder Services, which monitors boardroom actions for institutional investors, also did not endorse a vote for company co-founder Elaine Wynn .
MGM Resorts International had a busy March. On March 24, MGM officials broke ground on the company’s $800 million hotel-casino development in Springfield, Mass. A day later, MGM leadership celebrated the hiring of the 1,000th construction worker for the $1.25 billion MGM National Harbor in Maryland.
The Nevada Supreme Court has given Sands China Ltd. a temporary reprieve from monetary sanctions levied against the company last month, but the court refused to interfere with other penalties imposed in the case.
Illinois private equity firm Z Capital Partners, which already owns 39.5 percent of Affinity Gaming, has offered to buy the rest of the Las Vegas-based casino company for $9.75 per share.
Gambling technology company Playtech is set to enter the forex trading market after agreeing a deal to buy a majority stake in TradeFX for 208 million euros ($224 million).
- Page 1