Slot machine manufacturer Bally Technologies saw first quarter earnings dip slightly while revenue increased 29 percent.
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Casinos & Gaming
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.
Shareholders of Las Vegas-based Bally Technologies will vote on accepting the company’s $5.1 billion buyout by Scientific Games Corp. on Nov., 18, the company announced Wednesday.
Atlantic City arrested 24 people who blocked streets in the New Jersey city on Wednesday as hundreds of casino workers demonstrated against plans by the Trump Taj Mahal to cut pension and health benefits.
Management company Warner Gaming received initial approval Wednesday from state gaming regulators to take over the Horizon in Lake Tahoe and transform the shuttered hotel-casino into a Hard Rock-branded property.
LONDON — Ten-time World Series of Poker winner Phil Ivey has lost his case against a British casino he accused of improperly withholding his winnings.
Since Secaucus, N.J., “no longer smells like pig farms,” Sheldon Adelson wouldn’t mind building a casino in the nearby Meadowlands sports complex.
An affiliate of Brookfield Asset Management got court approval to buy Atlantic City’s shuttered Revel for $110 million in cash on Tuesday after a judge rejected complaints the auction for the bankrupt complex was tainted.