Casinos in Macau face a growing volume of bad debt provisions, further hitting earnings in the world’s largest gambling hub at a time when high-roller VIP gamblers are retreating.
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Casinos & Gaming
MGM Resorts International said Monday that four company executives, including Chairman and CEO Jim Murren, will serve on the board of directors of the casino operator's planned real estate investment trust.
A television commercial for sports book operator William Hill US may not help banished baseball great Pete Rose in his efforts to get in the Hall of Fame.
The Carolina Panthers didn't exist and Peyton Manning was in high school when Congress halted expansion of legal sports wagering in the U.S. in 1992.
Tropicana and M Resort owner Penn National Gaming wrapped up a "productive 2015," saying Thursday the regional casino giant grew revenue and cash flow in the fourth quarter.
The chief executive of the Downtown Grand is out less than a year after taking over operations of the resort.
Caesars Entertainment Corp.'s bankrupt operating unit reported a net loss of $100.3 million in December, the first time since filing for Chapter 11 reorganization that the division lost money.
MGM Resorts International said Tuesday it will outsource the parking operations at its Strip properties to SP+, a Chicago-based company that operates more than 3,900 parking facilities in North America.
Boyd Gaming Corp. is spending more than $100 million on upgrades and renovations to the company's Las Vegas and regional properties.
Affinity Gaming investor Z Capital Partners abandoned its efforts to acquire all remaining shares of the Las Vegas-based casino company, according to a securities filing Monday.
Golden Entertainment completed a $20 million purchase of a Montana slot machine route operator, allowing the Las Vegas-based company entry into a new market.
MGM Resorts International said Monday it secured $525 million in financing that will be used to complete the $1.3 billion MGM National Harbor development in Maryland.
Gaming revenue in Macau fell for the market's 20th straight during January but analysts believe the market has stabilized.
Before October, most states took a hands-off or wait-and-see approach in regard to legalities surrounding daily fantasy sports.
Statewide gaming revenue climbed less than 1 percent (0.9 percent to be exact) to $11.1 billion during the calendar year, according to figures released Friday by the Gaming Control Board.
Macau's "challenging" casino market drove Las Vegas Sands Corp. to marked declines in the gaming company's profits and revenue in 2015.
Three years after the head of the U.S. Treasury Department's federal money laundering unit told the gaming industry it needed to clean up its casinos, operators have heeded the advice.
The behind-the-scenes dealing that allowed Las Vegas Sands Corp. to enter the lucrative Macau casino market will be the subject of a Nevada Supreme Court hearing Tuesday — the second time in almost six years that justices have considered the matter.
Job applicants hoping to land one of more than 700 seasonal jobs being offered by MGM Resorts International no longer have to participate in a "cattle call-like" interview process.
What is the connection between owning the Golden Nugget and television? Tilman Fertitta, chairman and CEO Landry's Inc., the privately held Houston-based company that owns the Fremont Street resort, is about to find out.
Wynn Resorts Chairman Steve Wynn spent more than $31.8 million this week to acquire additional shares of his casino company's stock, according to a securities filing Friday.
MGM Resorts International Chairman and CEO Jim Murren said Friday the company anticipated complaints from the local community over plans to charge for parking at its nine Strip casinos, but was somewhat taken aback by the "velocity and venom" that has surfaced.
Nevada gaming regulators signed off Thursday on plans for Station Casinos to become a public company under a new name — Red Rock Resorts — which will be traded on the Nasdaq.