Back in 1996, when Michigan voters authorized three casinos in downtown Detroit, opponents said legal gambling would destroy the city. Detroit is now bankrupt.
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They used to joke about being twins separated at birth. Gavin Isaacs and Ramesh Srinivasan held co-chief operating officer titles at slot machine giant Bally Technologies during the company’s stunning growth in the past decade. Isaacs oversaw slot machine development and sales. Srinivasan managed the systems division.
The up and coming Russian casino market of Vladivostok scored its first big-name participant. Lawrence Ho, the son of Hong Kong billionaire and Macau casino giant Stanley Ho, said his two companies would spend $630 million to buy a 51 percent stake...
Casino developers — including MGM Resorts International, Las Vegas Sands Corp. and Wynn Resorts Ltd. — will spend some $22 billion on massive new resorts and gambling complexes in Macau over the next four years.
The Empire put a hit on the Mafia and buried the farm. Two years after Caesars Entertainment Corp. perplexed Wall Street by acquiring social gaming operation Playtika, the casino giant has moved past rival Zynga Inc. to the top of the business model.
The locals gaming market has suffered enough. Gaming revenues produced by casinos in North Las Vegas, along the Boulder Strip, in Henderson and throughout unincorporated Clark County are down a collective 2.6 percent through April.
No one can say for certain how much New Jersey’s online gaming market will actually be worth.
Sheldon Adelson successfully chased those pesky Internet brats off his lawn.
Clearly, MGM Resorts International’s planned $2.5 billion development on Macau’s Cotai Strip has Wall Street excited.
Let’s halt one rumor before it gains traction. Scientific Games Corp.’s $1.5 billion acquisition of slot machine manufacturer WMS Industries doesn’t mean a statewide lottery is headed to Nevada.
Things are not all peaceful down on the farm. Social gaming giant Zynga Inc., which has a grand vision of converting its platform into a real money pay-to-play online gambling format in Nevada, slashed 18 percent of its workforce and closed multiple offices to cut costs this past week.
Sometimes karma can bite you in the butt.
Wall Street still isn’t sold on the efforts by Caesars Entertainment Corp. to get out from under more than $20 billion of long-term debt.
Sequels are never as good as the original. Just ask Las Vegas Sands Corp. Chairman Sheldon Adelson. Apparently, he wants to star in his own version of “The Hangover Part III.”
A planned Station Casinos-hosted fundraiser in Las Vegas on behalf of a California lawmaker was abruptly canceled Tuesday after a Sacramento newspaper raised questions about the timing of the event, which would take place before a vote over an...
It didn’t take former Culinary Workers Local 226 boss D. Taylor to make his entrance onto the national stage. Taylor, who became president of 270,000-member UNITE HERE, the Culinary’s parent organization last year, said organized labor will oppose...
On a seasonably pleasant Friday afternoon in late April, Atlantic Club Chief Operating Officer Michael Frawley and PokerStars spokesman Eric Hollreiser acted like cozy business partners.
Poker champion Phil Ivey has decided he’s waited long enough to collect his winnings from a hot game of Punto Banco last summer in London. A United Kingdom-based law firm said in an emailed statement Tuesday it filed a writ with the High Court in...
There are victory laps and then there are VICTORY LAPS.
The late Dennis Gomes had a colorful and Hall of Fame-worthy 40 years in the gaming industry. He operated more than a dozen casinos in Las Vegas and on the Boardwalk from the mid-1980s until his sudden passing at age 68 in February 2012.
When the $550 million SugarHouse Casino opened 28 months ago on a Delaware River waterfront site in South Philadelphia, opponents of the project worried that local businesses would suffer.
Overseeing the American Gaming Association is not like herding cats. It’s more like herding mountain lions. One misstep and you’ll lose body parts.
A study by the Texas Association of Business said expanded gaming could be worth $11.8 billion in annual economic activity to the Lone Star State. But the projections might not be enough to sway Texas lawmakers to pass gaming bill that allow slot...
A committee of Toronto City Council members Wednesday approved a single casino-resort complex to be located in Canada’s largest city, but the proposal faces an uphill battle in front of the full panel. The development, which has drawn interest from...
Penn National is not the first commercial casino company to jump into the Indian gaming market.