A federal judge has granted a request from the four major U.S. professional sports leagues and the NCAA to at least temporarily stop New Jersey from allowing legalized sports betting.
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Casinos & Gaming
Caesars Entertainment said it would begin talks with bank creditors in order to re-work portions of the casino operator’s $24.2 billion debt.
MGM Resorts International said Thursday it agreed to sell the Gold Strike in Jean to JETT Gaming, a company owned by members of the Herbst family.
TOKYO — Japan’s pro-casino lawmakers have agreed to consider setting limits on Japanese nationals’ entry to casinos, bowing to pressure from opponents who threatened to block a legalization bill unless it addressed issues such as gambling addiction.
ATLANTIC CITY — The loss of four casinos began to show up in Atlantic City’s gambling revenues in September, which were nearly 13 percent less than they were a year ago before the lights started going out.
Las Vegas Sands Corp. shrugged off the declining Macau gaming market during the third quarter, saying Wednesday that companywide net income increased 7.2 percent.
The $5.1 billion buyout of slot machine giant Bally Technologies by lottery provider Scientific Games Corp. could lead to a 21 percent reduction in the combined companies’ non-manufacturing and production workforce.
Anyone who has followed Dan Lee over the years understands his motivation in launching a proxy fight for control of regional casino operator Full House Resorts. He sees opportunity.
WILMINGTON, Del. — A federal bankruptcy court judge will issue what the owners of Atlantic City’s Trump Taj Mahal Casino Resort consider a life-or-death decision on Friday for the troubled gambling hall.
TRENTON, N.J. — State lawmakers passed a measure that could clear the way for sports betting in New Jersey, aiming to boost the state’s ailing casino and racetrack industries.
BOSTON — Massachusetts mayors and town executives on Tuesday challenged a study by anti-casino activists that claims new casinos will reduce city and town profits from the state lottery.
SANTA ANA, Calif. — The Orange County Register has hired former casino executive Richard Mirman to be its interim publisher and chief executive, the newspaper said Monday night.
The recently-opened SLS Las Vegas laid off less than 2 percent of its workforce after evaluating its staffing needs, a spokesman for the property said Monday.
Casino operator Full House Resorts said Monday the Las Vegas-based company has been “evaluating strategic alternatives for several months” and called a proxy fight a group of shareholders “inappropriate and disruptive.”
Amaya Gaming Group CEO David Baazov engineered the $4.9 billion acquisition this summer of online gaming giant PokerStars. If he is successful in restoring the once-tainted PokerStars presence in the U.S., the move could dramatically change the financial prospects of the American online gambling market.
The trade show floor at the Global Gaming Expo looked more like a cross between TV Land and Netflix. New slot machines concepts were displayed to casino floor decision makers earlier this month during the annual three-day gaming industry get-together.
ATLANTIC CITY — Carl Icahn accused New Jersey’s Senate president of “selling out” Atlantic City by considering casinos near New York City, while the legislative leader said the state wouldn’t give the billionaire investor the tax breaks he is seeking.
Caesars Entertainment Corp. said it received a notice of default from a group of bond holders over a portion of the company’s $24.2 billion debt.
BOSTON — State gambling regulators say they see no wrongdoing by Wynn Resorts following last week’s arrests of three owners of land the company wants to develop into a casino.
ATLANTIC CITY — As a pivotal hearing drew near that could decide the fate of the Trump Taj Mahal, its owners and its main union clashed over pension contributions and what the company called “harassment” of its convention clients.
A group of shareholders in casino operator Full House Resorts are seeking a special stockholders meeting in order to remake the Las Vegas-based company’s board of the directors.
BOSTON — Anti-gambling activists, in a study released Wednesday, suggest local aid from state lottery profits will drop by as much as $103 million if and when casinos open in Massachusetts, but casino proponents argue the revenue drop is not likely to be that severe.
BILOXI, Miss. — A U.S. bankruptcy judge has given MVB Holding until midnight Oct. 27 to vacate the former Margaritaville Casino building and turn the keys over to the property owners.