Caesars Entertainment Corp. will bid on one of four gaming licenses available for New York with the hopes of building a $750 million hotel-casino complex roughly 50 miles north of Midtown Manhattan.
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Casinos & Gaming
Bills for and against Internet gaming continue to surface in statehouses and Congress, which means more billable hours for the lobbying sector. But so far, the return on investment for casino operators hasn’t been the billion-dollar windfall some predicted.
Slot machine manufacturer International Game Technology, which has corporate headquarters in both Las Vegas and Reno, said Tuesday earnings dropped 66 percent during the second quarter.
New Jersey’s Gaming Enforcement Division has fined two Atlantic City casinos more than $107,000 for a series of violations including improper use of security guards, allowing people who had banned themselves from casinos to gamble, and other transgressions.
The Stratosphere Tower welcomed its 40 millionth visitor Monday, and the guest turned out to be British tourist making his first ever trip to Las Vegas.
A spokeswoman for Deutsche Bank in New York declined comment Monday on an Australian press report that the Cosmopolitan of Las Vegas could be sold to a company controlled by billionaire James Packer.
The $415 million SLS Las Vegas has begun hiring to fill 2,700 jobs at the 1,600-room Strip resort that is expected to open Labor Day Weekend.
Convicted slot machine cheat Roderick Dee had just a five-month stay on Nevada’s Excluded Person List, commonly referred to as the Black Book. Dee died in December.
A New York-based investment fund, which owns 4.4 percent of Pinnacle Entertainment, wants the Las Vegas-based regional gaming operator to spin-off its casinos into a real estate investment trust.
Like much of Nevada, the casino industry is grappling with issues surrounding medical marijuana — so much so, that gaming companies and regulators have had little to say publicly about doctor-prescribed pot.