Wynn Resorts Ltd. grew second quarter profits and revenue, but attributed much of the results to the company’s two Strip resorts, not its lucrative Macau holdings.
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Casinos & Gaming
RENO — The managers of the Hard Rock Hotel & Casino in Las Vegas have announced plans to open one at Lake Tahoe this winter after a $60 million renovation of the former Horizon Casino Resort at Stateline.
International Game Technology’s $6.4 billion buyout at the hands of lottery giant GTECH was all about timing.
Maybe the investment community is expecting too much from Las Vegas Sands Corp.
The damage to Atlantic City associated with Superstorm Sandy in 2012 amounted to a few broken windows compared to the economic tornado tearing through the Boardwalk this year.
Slot machine manufacturer International Game Technology has been sold for $6.4 billion to lottery giant GTECH in a merger agreement that will create the world’s largest gaming equipment provider.
ATLANTIC CITY — A Wall Street credit rating firm that was among the most pessimistic about the prospects for Internet gambling in New Jersey has cut its already-conservative estimate on the state’s first-year online winnings by more than half.
BOSTON — State gambling regulators are weighing how to respond to Boston Mayor Marty Walsh’s refusal to participate in arbitration with Wynn Resorts for a financial compensation deal.
Slot route operator United Coin Machine has changed its name to Century Gaming Technologies to reflect the name of its corporate parent and capitalize on changes made to the company’s product offerings.
UPPER MARLBORO, Md. — Prince George’s County officials will vote on the building plan for a $925 million, Las Vegas-style casino and resort near the nation’s capital next week, officials said Monday after a public hearing.
When it came time to help redesign the run-down Hacienda near Boulder City, Oregon-native Ally Estey decided to bring the feel of the northwest to the hotel-casino.
ATLANTIC CITY — After 19 years working as a cook at Atlantic City’s Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.
Ultimate Gaming, which operates Ultimate Poker.com, and the El Cortez have entered into a marketing partnership that makes Ultimate Poker the online poker room for the downtown casino.
An FBI-led raid shut down an illegal sports betting operation at Caesars Palace last week that authorities say was run by Malaysian and Chinese nationals who were taking wagers on the World Cup soccer tournament.
The owner of a slot machine route operation, whose wife is partner in a potential medical marijuana dispensary business, said state gaming regulators “violated the standard of due process” when a restaurant was told last week to find a different company to manage its slot machines.
To Michael Pergolini, there isn’t much difference between serving as the executive chef in a stylish Southern California restaurant or operating a venerable downtown Las Vegas hotel-casino. Both jobs revolve around how you treat the customer.
Isle of Capri Casinos may have answered questions of whether or not the regional casino operator was for sale.
ATLANTIC CITY — Atlantic City’s crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino in Atlantic City said they expect to shut down in mid-September.
HONG KONG — A former Macau business partner of Las Vegas Sands Corp. accused the casino operator of misappropriating trade secrets and is suing the company for at least $5 billion in profits that it says are owed via their joint ownership of copyright related to a casino license bid.
Nevada Gaming Control Board for the first time has punished a gaming licensee for also having an interest in a medical marijuana business.
Macau is facing threats to its growth from China’s slowing economy and greater foreign competition, escalating the need for the world’s largest gambling hub to diversify from its casino gaming roots.
State gaming regulators tentatively approved a planned interactive gaming system that could house online poker websites for multiple casinos, potentially increasing the player pool in Nevada.
New Jersey lawmakers say a venture capitalist wants to build a $4.6 billion casino in Jersey City, but the state would first need to allow casinos outside of Atlantic City.