With six months in the books, the investment community has clear picture of the casino industry in 2014. And Las Vegas is on an upswing.
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The acquisition of slot machine manufacturer International Game Technology by lottery provider GTECH shouldn’t have surprised anyone in gaming. “This is a dance that has been going on for 20 years,” said one gaming industry insider.
A hedge fund that owns 4.5 percent of Pinnacle Entertainment reiterated its call that the regional casino operator split the company to include a real estate investment trust.
A regulatory mandate that Nevada gaming license holders stay away from the state’s neophyte medical marijuana business could be challenged again Thursday at the Nevada Gaming Commission. But the outcome is inevitable.
The idea of a full-scale smoking ban in Nevada casinos seems out of place. The “No Smoking” concept doesn’t fit the Strip’s “do anything” reputation.
The damage to Atlantic City associated with Superstorm Sandy in 2012 amounted to a few broken windows compared to the economic tornado tearing through the Boardwalk this year.
Isle of Capri Casinos may have answered questions of whether or not the regional casino operator was for sale.
International Game Technology is the most prominent gaming company with a “For Sale” sign planted in the front yard.
The Graton Resort near Santa Rosa, Calif., has not yet celebrated its first anniversary. But one analyst hinted recently the Indian casino — which was built by Station Casinos and is being operated by the locals gaming giant — is quickly rising to the top of the class in tribal gaming-rich California.
Don’t say “sayonara” to casinos in Japan quite yet. Japanese lawmakers are just taking a summer break.
As he was exiting the Sawyer Building’s second-floor hearing room following a Nevada Gaming Commission monthly meeting, Chairman Peter Bernhard was complimented by a state gaming enforcement agent on his handling of individuals and companies seeking licensing approval.
The last time Macau’s casino industry experienced a monthly gaming revenue decline, the Los Angeles Lakers won their 16th National Basketball Association championship and the Los Angeles Kings were National Hockey League doormats.
The relationship between medical marijuana and the gaming industry just won’t go up in smoke.
California is known for having high-priced beachfront real estate. But even $4.9 billion might not be enough of a payment to let a Canadian gaming company settle into the neighborhood.
It’s a good thing John Vandemore spent several years as the chief financial officer for Imagineering, the theme park development arm for the Walt Disney Co. His tenure as CFO of International Game Technology has been one roller coaster ride after another.
Lawmakers spent all of 15 seconds discussing technology at the final three-hour session of the Committee to Conduct an Interim Study Concerning the Impact of Technology Upon Gaming.
The high-end gamblers who frequent Macau’s ultraritzy private gaming rooms are more interested in whether Cristiano Ronaldo can lead Portugal into the World Cup finals than knowing the next card to come out of the dealing shoe.
Gaming expansion in Maryland is expected to challenge Penn National’s casino development in Charles Town, West Virginia.
Despite the headlines and saber rattling, the leadership of Culinary Local 226 and Bartenders Local 165 wasn’t going to force union members to walk-off their jobs at properties that hadn’t finalized new contracts by 5 a.m. Sunday.
Come October, Macau’s casinos won’t smell the same.
MGM Resorts International supports online wagering legalization in the U.S. The casino giant holds an interactive gaming license in Nevada. Still, MGM Resorts is taking wait-and-see approach in regards to actual real money Internet gaming.
You know things are on the upswing in the locals gaming market when the two Arizona Charlie’s casinos report a first-quarter net revenue increase. It’s been a while since that happened.
Save for a few small companies, Wall Street has thrown in the towel on slot machine manufacturers for 2014.
Major U.S. cities — Baltimore, Philadelphia, Detroit, Boston — have used tax dollars associated with gaming, or are considering gaming itself, as a means of economic development.
Just as the recession began to grip Las Vegas in 2008, gaming executive Terry Lanni made a prediction.