There’s no such thing as a sure bet in the gaming industry but two manufacturers exhibiting at this year’s Global Gaming Expo believe they have the closest thing to it.
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Casinos & Gaming
Albert “Moky” Faccinto Sr., an early executive of Caesar’s Palace who helped to open the hotel and casino, died Sept. 17 at the age of 91.
Caesars Entertainment Corp. is the closest it’s been to ending two years of rancorous court battles with bondholders over who should pay to fix the casino giant’s insolvent operating unit, which can’t afford to pay almost $20 billion in debt.
A footwear magnate and a racetrack operator who want to build two new casinos worth billions of dollars in the northern part of the state have concluded that voters will reject the plan in a November referendum, and they’re ending their expensive lobbying push for it.
Representatives of two locals casino companies are counting on new opportunities now that the Nevada Gaming Commission has unanimously approved licenses to Red Rock Resorts for the Palms and to Boyd Gaming for the Aliante Hotel.
An early Thursday morning fire forced the evacuation of three floors of the Carson Tower at the Golden Nugget in downtown Las Vegas.
CHICAGO — Caesars Entertainment Corp. said on Wednesday it proposed along with its private equity backers a settlement offer with an added $1.6 billion for creditors of its casino operating unit, raising hopes of an end to the subsidiary’s costly bankruptcy.
In terms of success, Atlantic City’s former Revel casino was a zero. If it had a number, it was a negative: It went bankrupt twice and then shut down in 2014. But new owner Glenn Straub hopes to swing the pendulum all the way in the other direction by renaming the casino resort Ten
Maryland lottery officials inflated a $262 million, eight-year information technology contract for monitoring wagers to include kinds of internet gambling that aren’t allowed under state law, according to one of the losing bidders.
A new concept that allows businesses to place wagers on behalf of passive investors is failing to gain much traction with Nevada’s sports books.
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