The Wynn Resorts Ltd. chief executive officer last week received $12.5 million in company stock as part of his 2016 compensation package, up from $8.75 million in stock a year earlier, indicating he may receive his highest payout in years.
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Casinos & Gaming
Steven Katz has left his role with MGM for a new challenge: general manager of the upcoming sites for Canter’s Deli, the nearly 90-year-old Los Angeles institution about to re-enter the Las Vegas market.
Lost in some of the commentary about what’s ahead for the gaming industry in 2017 is the ongoing “Las Vegasization” of Macau.
Less than two decades ago, e-sports consisted of a few dozen elite gamers gathering in warehouses to compete for modest-at-best prizes. Today, e-sports has climbed out of basements and warehouses and onto major cable networks and is on the verge of becoming a $1 billion industry.
U.S. prosecutors on Wednesday identified the FBI agent who they say admitted to leaking information to reporters about an insider trading probe involving Las Vegas sports gambler Bill Walters and golfer Phil Mickelson.
Two former top executives at the Aliante property in North Las Vegas, now operated by Boyd Gaming, will take the reins of the 1,300-room SLS Las Vegas on the Strip, company officials announced Wednesday.
Power was restored to 11 floors of the Rio’s Masquerade Tower on Tuesday night. The Clark County Fire Department and county officials cleared floors eight to 21 for guest occupancy in the tower, Caesars Entertainment Corp. said in a statement.
Billionaire investor Carl Icahn plans to surrender the casino license for his shuttered Trump Taj Mahal casino and wants to make sure that anyone who buys it in the future can’t use it as a casino.
Gambling revenue in the Chinese territory of Macau fell for a third year in a row in 2016 as a prolonged anti-corruption campaign and slowing economic growth sapped sentiment in the world’s largest casino hub.
There are plenty of fascinating stories on the horizon for 2017. Here are some of the things you’ll be reading about in the next 12 months, with a touch of prognostication.