An impairment charge in the fourth quarter sent M Resort owner Penn National Gaming to a net loss for the three month period.
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Casinos & Gaming
The U.S. Treasury Department’s anti-money laundering unit may soon ask casinos to be on the lookout for illegal sports wagers flowing into the U.S. financial system, according to two sources familiar with the matter.
Caesars Entertainment Corp. and and an affiliate, Caesars Acquisition Co., on Monday announced a plan to merge in an all-stock transaction.
The most recent publicity stunt in the ongoing skirmish between Culinary Local 226 and Station Casinos had a holiday street party feel combined with an arts and crafts project. But when it was over, the union came off looking like an inept comedy team.
Caesars Entertainment Operating Co., the main operating unit of Las Vegas-based Caesars Entertainment Corp , said Friday it would file for Chapter 11 bankruptcy protection by mid-January to cut its burgeoning debt.
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.
Navada Gaming Commission approved the $1.73 billion purchase of the Cosmopolitan of Las Vegas Thursday.
The Nevada Gaming Commission on Thursday approved SLS Las Vegas part-owner Sam Nazarian a one-year limited license after listening to him apologize for past dealings and not being truthful about his past use of drugs.
The FBI had to move up a raid on an international gambling operation at Caesars Palace in July because word had slipped out about the investigation, a state gaming agent testified Wednesday.
NEW YORK — New York state approved three casino developments worth $1.4 billion on Wednesday that promise to add more than 5,000 jobs to the sluggish upstate economy and generate around $300 million in tax revenues for state coffers, but a proposal by Las Vegas-based Caesars Entertainment did not make the cut.
Tutor Perini Corp., the general contractor behind CityCenter and a party in a massive construction defect case involving the development’s Harmon Hotel, said Wednesday it would receive “total net settlement proceeds” of approximately $189.5 million on its lien claims.
The new owners of the Cosmopolitan of Las Vegas have tabbed long time gaming executive Bill McBeath as CEO of the Strip resort.
In Macau, there are spectacular images of the city’s downtown Peninsula skyline from the Ruins of St. Paul. Above the church site is Mount Fortress, built by Jesuits to protect the Portuguese colony. The crumbled buildings and cannons serve as a metaphor for the current state of the Chinese gaming enclave.
SLS Las Vegas part-owner Sam Nazarian said Tuesday he would step away from all day-to-day operations of the north Strip resort.
Sometimes late at night Bobby Florence will stop by the main gaming floor at the Gold Coast where people are wagering money on a new baccarat game called Rabbit’s Play. He’ll get a little twinkle in his eye, as he did when he scored 35 points in one half against Saint Mary’s 40 years ago.
Caesars Entertainment Corp. made good on previous predictions and skipped a $225 million interest payment Monday while the casino operator continued debt reduction talks with lenders.
When he appears at the Nevada Gaming Commission Thursday, Sam Nazarian — the visionary behind SLS Las Vegas — should accept the Dec. 3 recommendation by the Gaming Control Board for a one-year limited gaming license.
TORONTO (Reuters) — Shares in Amaya Gaming Group Inc fell 15 percent on Friday after it disclosed that the company and its officers are cooperating with Quebec securities regulator AMF in an investigation regarding trading activities in Amaya securities.
U.S. Sen. Harry Reid of Nevada said Friday that Congress next year will take up legislation to outlaw Internet gambling, and he plans to support a ban while trying to gain an exemption for online poker.
Caesars Entertainment Corp. said Friday several creditors exited discussions with the casino operator over a large portion of the company’s gaming industry high debt, leaving investors doubting the success with talks that have been ongoing since September.
Sports betting company CG Technology announced a deal Friday with the $3.5 billion Baha Mar resort in The Bahamas to provide the development with a mobile sports wagering system.
Caesars Entertainment Corp. is expected to miss a $224 million interest payment owed to bondholders as the company prepares to file Chapter 11 bankruptcy on its largest operating division next month.
Las Vegas Sands Corp. named longtime company executive Rob Goldstein as president and chief operating officer, Thursday, replacing the retiring Mike Leven.