On his first quarterly earnings conference call as CEO of Full House Resorts, Dan Lee compared himself to the boy who came downstairs one Christmas morning hoping to find a pony.
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Casinos & Gaming
A U.S. bankruptcy judge on Thursday terminated the $95.4 million sale of Atlantic City’s Revel to Florida developer Glenn Straub, clearing a path for a third attempt to sell the troubled property.
When the Las Vegas Convention and Visitors Authority board of directors takes up the acquisition of the Riviera on Friday, it will do so with a board comprised of members who will have to consider killing jobs — and competition. Most industry observers believe the proposal will be approved and that the only suspense will be in whether the vote is unanimous.
The person behind the $300,000 dinner at Bellagio’s Prime Steakhouse has been revealed.
Eighteen months ago, Culinary Workers Local 226 and the Cosmopolitan of Las Vegas weren’t very chummy. The union held several protests that blocked the Strip in front of the resort, committing several acts of civil disobedience. All that was in the past Wednesday as the union wanted to celebrate new ownership.
Caesars Entertainment Corp. provided a simple answer to another request from second lien bond holders to pay back more than $3.8 billion owed by the casino operator: No.
If California’s Internet poker debate was an actual card game, PokerStars just doubled up. But the European online gaming giant is still short-stacked against two of the state’s largest tribal casino operators in the company’s effort to gain a piece of California’s potentially lucrative — albeit nascent — Internet poker market.
Station Casinos reports fourth quarter revenue and cash flow figures at levels not experienced since 2008.
The Las Vegas Convention and Visitors Authority on Tuesday scheduled a special board meeting for Friday to consider its acquisition of the 60-year-old Riviera for $182.5 million.
MGM Resorts International Chairman Jim Murren told analysts and investors Tuesday there were “encouraging signs” of increased customer spending at his company’s 10 Strip resorts in the past few months.
Attorney general nominee Loretta Lynch says it is unlikely she would reverse a landmark Department of Justice opinion that opened the door to legalized Internet gambling and also sparked a backlash against it.
Internet gambling supporters rejoiced when the Justice Department changed its opinion on the Federal Wire Act and opened the doors for online wagering expansion across the United States.
The proposal would let bookmakers place betting lines on Olympic sporting or athletic events sanctioned by the International Olympic Committee.
Tourism industry sources say the venerable Riviera may soon give way to convention center expansion plan.
Boyd Gaming Corp. narrowed its net loss in the fourth-quarter as results from its regional markets and Las Vegas locals properties grew in the final months of 2014.
The American Gaming Association will launch a national initiative in conjunction with the 2016 presidential campaign that will place the industry’s economic benefits in front of candidates for the nation’s highest office.
Regional casino operator Pinnacle Entertainment saw a slight decrease in profits in the fourth quarter.
By numbers alone, the merger of Golden Gaming and Lakes Entertainment doesn’t equal any one of the combined $18.5 billion in gaming equipment manufacturing buyouts that have happened in the past 18 months.
A Las Vegas judge is taking testimony to help determine what, if any, sanctions to impose on Sands China Ltd. for redacting personal information from about 2,600 documents the company produced in 2013 as part of an ongoing lawsuit.
National Hockey League Commissioner Gary Bettman said Tuesday in Las Vegas the league has not taken a position on legalizing sports wagering.
WILMINGTON, Del. — The Revel Casino Hotel in Atlantic City, New Jersey, asked a U.S. bankruptcy judge to end its agreement to sell the gambling complex to Florida developer Glenn Straub for $95.4 million, according to a Tuesday court filing.
GTECH Holdings completes $5 billion in financing needed to complete its buyout of slot machine giant International Game Technology.
The new arena on the Strip is more than a year way from opening, but it has landed its first major sponsor — a global brand name unusual for a big-time sports and entertainment facility.