The $1.2 billion buyout of slot machine maker Multimedia Games by Global Cash Access was approved Thursday by the Nevada Gaming, which allowed the transaction to clear its final regulatory hurdle.
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Casinos & Gaming
A congressional hearing on a bill to restore the Interstate Wire Act has lost steam in the current lame-duck session.
MGM Resorts International said Tuesday it completed transactions that raised $1.15 billion of new debt.
TOKYO/SEOUL — South Korea looks like the consolation prize as Japan’s $15 billion casino dream fades, a setback for companies such as Las Vegas Sands Corp. that envisioned a new gaming hub rivaling Las Vegas in 2020.
ATLANTIC CITY — Atlantic City’s casino industry saw its operating profits rise in the third quarter of this year, helped by Internet gambling money and the absence of large losses racked up last year by weaker casinos.
Caesars Entertainment Corp., which has been embroiled in debt reduction talks with its lenders, said Monday one of its banks had filed a notice of default against the casino operator.
Two analysts support Caesars Entertainment Corp. placing its largest operating division into a real estate investment trust to deal with its gaming industry-high debt load, even though the company might have backed away from the concept.
California is shaping up as the nation’s Internet poker battleground in 2015. Everyone wants a piece of the Golden State’s potentially lucrative pie.
ALBANY, N.Y. — The decision on where to build casinos in upstate New York will make some developers very happy. For others, it will spell the disappointing end to a long and expensive bid for a piece of the action.
Wynn Resorts Ltd. said it doesn’t believe it is under federal investigation despite published reports the casino operator is being targeted for potential money laundering violations.
Scientific Games Corp. completed its $5.1 billion acquisition of slot machine giant Bally Technologies on Friday, finalizing the buyout is less than four months.
MGM Resorts International said Thursday it hopes to raise $1 billion in new debt to help pay for some of the development costs surrounding the company’s hotel-casino projects in Massachusetts and Maryland.
BOSTON — The state’s three licensed casino companies voiced strong concerns Thursday about a plan floated by regulators to limit the time and money gamblers spend at casinos.
A year ago, New York financier Ronald Perelman was adding a slot machine division to his Scientific Games Corp., one the top lottery providers in the U.S.
TRENTON, N.J. — New Jersey could drop its ban on betting on sports entirely, but it cannot legally set conditions as it ends the prohibition, a lawyer for the NCAA and four major sports leagues told a federal judge Thursday.
Caesars Entertainment Corp. is considering placing its largest operating division into a real estate investment trust as a way of dealing with its gaming industry-high debt, according to a filing Wednesday with the Securities and Exchange Commission.
ATLANTIC CITY — A Toronto-based company is abandoning its plan to buy the former Revel in Atlantic City, dealing another blow to a city reeling from a string of casino closures and the disappearance of thousands of jobs.
ATLANTIC CITY — As the Trump Taj Mahal casino hurtled toward closing, hundreds of union members marched on Atlantic City’s Boardwalk on Wednesday to denounce billionaire Carl Icahn and his role in its anticipated demise.
ATLANTIC CITY — California’s Pala Indians became the first tribe to offer Internet gambling in New Jersey on Wednesday.
Bally Technologies shareholders approved the company’s $5.1 billion buyout by lottery giant Scientific Games Corp.
A controversial request by Caesars Entertainment Corp. to move a 38.5-acre parking lot behind the Linq into the Gaming Enterprise District was delayed Tuesday when the company asked that the issue before the Clark County Planning Commission be moved to a January meeting.
Nevada’s virtual monopoly on legalized sports wagering could be in danger. But that isn’t necessarily bad for business.
MASHANTUCKET, Conn. — The tribe that owns and operates the Foxwoods Resort Casino has announced a new chief executive officer.