Las Vegas-based Caesars Entertainment Corp. said Tuesday it lost $1.756 billion in the fourth quarter due to deteriorating market conditions in Atlantic City. A year ago, Caesars’ said its net loss was $435.8 million.
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Casinos & Gaming
DOVER, Del. — A panel examining how to keep Delaware’s casinos competitive is recommending changes that could cost the state more than $20 million a year.
Culinary Workers Local 226 and Bartenders Local 165 reached new five-year contracts with the Riviera and Treasure Island casino properties. The contracts replace agreements that expired last June if ratified by the workers.
The Las Vegas Business Press’ Rising Stars of Business Class of 2014 is a tenacious group. Many started on the ground level, climbing the ranks quickly. And as our honorees approach the pinnacle of their careers, they don’t hesitate to help others achieve their goals. Philanthropy and education are common extracurriculars for these professionals.
Common slot machine reset keys are easily found for sale on various Internet retail sites. But what do they sell for? Who can buy them? And what happens if you use them in a casino?
Nothing is simple when it comes to Caesars Entertainment Corp. Take last week’s announcement that the company is selling four casinos to its Caesars Growth Partners subsidiary for $2.2 billion.
The Tropicana said Thursday it reached tentative agreement on a new five-year labor contract with Culinary Local 226 and Bartenders Local 165, covering some 650 nongaming employees at the Strip resort.
Ultimate Gaming and the ownership of Reno’s Peppermill Casino announced an agreement Thursday in which the Station Casinos-owned Internet poker business will serve as the online wagering arm for the Northern Nevada casino and its four sister properties.
Two high-level Las Vegas Sands Corp. executives have resigned from the company in the recent weeks, including the casino operator’s top official for global operations.
A Southern California retiree who lost a $500,000 during Super Bowl weekend is suing the Downtown Grand for loaning him money and allowing him to play while he was blackout drunk.