Gaming magnate Steve Wynn met behind closed doors with the governor and legislative leaders Wednesday, proclaiming in a brief interview that the gaming industry is not in a “healthy” condition and future growth will be in places other than Nevada.
Casinos & Gaming
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Las Vegas Sands Corp., the gaming company controlled by billionaire Sheldon Adelson, reported first-quarter earnings Wednesday that easily surpassed analysts’ estimates as growth at its Macau properties accelerated.
Tropicana Entertainment Inc. announced Wednesday it sold the River Palms in Laughlin to Reno-based M1 Gaming for $7 million.
Pinnacle Entertainment’s planned $2.8 billion buyout of regional gaming rival Ameristar Casinos was tentatively approved by Nevada gaming regulators Wednesday despite federal antitrust authorities still having to completely sign off on the deal.
Regional casino operators Boyd Gaming Corp. and Pinnacle Entertainment experienced double-digit increases in their average daily share price during April.
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