State gaming regulators removed a condition Thursday from Station Casinos’ gaming license that was a holdover from when it was owned by a private equity firm. However, the company’s chief financial officer said it doesn’t mean the privately held casino operator was going public any time soon.
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Casinos & Gaming
While the recession knocked the California Indian casino market down a few notches — as it also did in Nevada — signs are afoot the Golden State’s tribal gaming industry is once again firing up.
State gaming regulators have recommended approval of the sale of the 300-room Gold Strike in Jean, south of Las Vegas, to a company owned by the Herbst family.
IGT CEO Marco Sala rang the opening bell to start trading on Wall Street Tuesday morning. Right, that’s IGT CEO Marco Salo — not GTECH CEO Marco Sala.
A leading independent proxy advisory firm has recommended that Wynn Resorts shareholders withhold their votes for two company-recommended candidates to serve on the company’s board of directors. Institutional Shareholder Services, which monitors boardroom actions for institutional investors, also did not endorse a vote for company co-founder Elaine Wynn .
MGM Resorts International had a busy March. On March 24, MGM officials broke ground on the company’s $800 million hotel-casino development in Springfield, Mass. A day later, MGM leadership celebrated the hiring of the 1,000th construction worker for the $1.25 billion MGM National Harbor in Maryland.
The Nevada Supreme Court has given Sands China Ltd. a temporary reprieve from monetary sanctions levied against the company last month, but the court refused to interfere with other penalties imposed in the case.
Illinois private equity firm Z Capital Partners, which already owns 39.5 percent of Affinity Gaming, has offered to buy the rest of the Las Vegas-based casino company for $9.75 per share.
Gambling technology company Playtech is set to enter the forex trading market after agreeing a deal to buy a majority stake in TradeFX for 208 million euros ($224 million).
Court filings show 279 current and former Caesars executives and directors are owed more than $78.6 million — with $11.7 to one individual alone — that could be erased in ongoing bankruptcy.
A federal bankruptcy judge in New Jersey on Thursday said she would approve an $82 million sale of Atlantic City’s Revel to Florida developer Glenn Straub.
Wall Street investment house Morgan Stanley has downgraded the future earning potential for the U.S. Internet gaming market, primarily because there has been little movement toward legalizing the activity in many states.
The sale of the Railroad Pass to a Henderson businessman closed Wednesday.
Macau’s troubled casino market saw gaming revenue fall 39 percent in March, the region’s 10th straight monthly decrease.
A debate over religious freedom and gay rights was not what Indiana’s challenged gaming industry needed. The state’s 13 casinos experienced a 10 percent decline in gaming revenue in 2014 partly because of new competition.
Canada-based Amaya Gaming, which spent $4.9 billion to acquire PokerStars last year, said Tuesday it hopes to launch an American-based PokerStars site in New Jersey by the fall.
Slovenia-based gaming equipment provider Interblock Gaming has named Rob Bone as president of the company’s North America division where he will oversee sales and strategies in the U.S. and Canada.
Las Vegas-based Scientific Games Corp. said Tuesday it signed a deal with the company that manages the lottery in Greece and will provide 5,000 slot machine-like video lottery terminals to the country’s gaming market.
Gaming revenue declined almost 1.1 percent in Nevada during February, while Strip casinos were off 4.4 percent.
The nation’s Indian gaming industry grew revenue for the fourth consecutive year in 2013, up less than 1 percent to $28.3 billion.
Wynn Resorts Ltd. reiterated its position Monday that it will have at least one woman on the company’s board by the end of the year, preferably not ousted board member Elaine Wynn.
Prospects for legalizing casino gambling in Japan suffered another blow on Monday as proponents said they would delay a bill allowing full-scale resorts as the ruling coalition remains divided on the controversial measure.
Sen. Harry Reid acknowledges using his clout to speed visa applications for wealthy foreign investors in the SLS Las Vegas resort, and says whistleblowers who had a problem with that are “a bunch of whiners.”