A congressional hearing on a bill to restore the Interstate Wire Act has lost steam in the current lame-duck session.
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Casinos & Gaming
On a whole, the locals market gaming revenue through September is down less than 1 percent from 2013, according to the Gaming Control Board.
The Cosmopolitan of Las Vegas reduced its net loss and increased revenue in the third quarter, the Strip resort’s operators said Friday.
Gambling regulators are nearing a decision on Philadelphia’s second and final casino license, with the Pennsylvania Gaming Control Board scheduling a Nov. 18 vote that will likely come under scrutiny no matter which of the applicants — if any — win a high-stakes competition involving hundreds of millions of dollars in revenue from table games and slot machines.
Groups seeking to promote or defeat this year’s four ballot questions spent more than $28 million, far more than any previous election, according to campaign finance reports filed this week.
Slot machine giant International Game Technology grew profits in the fourth quarter, despite a decline in revenue, the company announced Thursday.
Regional casino operator Full House Resorts reduced a quarterly net loss from a year ago while telling investors it would continue to pursue a sale of the Las Vegas-based company.
Massachusetts gaming regulators officially awarded MGM Resorts International a gaming license Thursday to develop an $800 million hotel-casino complex in Springfield.
Pinnacle Entertainment announced plans for a real estate investment trust, which will become a separate publicly-traded operation.
A Station Casinos-backed Indian tribe lost its California ballot referendum Tuesday, leaving a casino project on a site near Fresno in limbo.
Supporters of federal legalization of Internet gaming could be the biggest losers following the 2014 midterm elections, according to analysts.
It’s unclear if Boyd Gaming Corp. will ultimately spin-off all or a portion of the company’s casinos into a real estate investment trust. But the idea certainly piqued the interest of the investment community.
Massachusetts voters saved the state’s fledgling casino industry Tuesday by overwhelming rejecting a ballot referendum that would have tossed a three-year-old gaming law.
TOKYO — Japanese lawmakers are set to indefinitely postpone legalizing casinos as Prime Minister Shinzo Abe, whose cabinet has been hit by a series of scandals, lacks the political leverage to pass a bill this year, sources directly involved in the process said.
ROME — Shareholders in GTECH on Tuesday approved the Italian lottery group’s takeover of U.S. slot-machine maker International Game Technology, a tie-up aimed at creating a global gaming company to be listed on Wall Street.
American Gaming Association CEO Geoff Freeman was one of six business executives named Tuesday by the U.S. Chamber of Commerce to its Association Committee of 100.
Macau’s casino market experienced a 23.2 percent decline in gaming revenue during October, the largest single-month drop since American-owned casinos began operating in the Chinese market in 2004.
COARSEGOLD, Calif. — Prosecutors have filed charges against 15 people in the armed takeover of a Central California casino at the center of a power struggle between factions of a Native American tribe.
By all accounts, a referendum to undo Massachusetts’ casino law should get crushed in Tuesday’s election and lose by some 15 to 20 percentage points. That’s what the most recent polls say. Then again, this is Massachusetts.
Scientific Games Corp. executives have assured the investment community the company’s $5.1 billion buyout of Bally Technologies is on track to close by the end of the year.
Slot machine manufacturer Bally Technologies saw first quarter earnings dip slightly while revenue increased 29 percent.
Boyd Gaming Corp. sliced its third quarter net loss by more than half while the company’s Las Vegas locals and downtown operating segments reported overall revenue increases.
The chief financial officer for MGM Resorts International said Thursday the company has held discussions with a group looking to bring a National Hockey League team to Las Vegas, but the talks were preliminary.