Nevada’s casino industry experienced its fourth consecutive annual increase in 2013, cracking the $11 billion barrier for the first time since 2008.
Casinos & Gaming
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Caesars Entertainment Corp. Friday announced a third name in less than a year for the Strip casino that originally was opened as the Barbary Coast.
Wynn Resorts Ltd., the casino company that expects to open its Wynn Palace resort on Macau’s Cotai Strip during the first half of 2016, reported fourth-quarter earnings Thursday that easily beat analyst expectations. And the company’s revenues from its two Macau casinos increased by double-digits.
Buoyed by a 28 percent increase in revenue from its Macau subsidiary during the fourth quarter, Las Vegas Sands Corp. grew profits by 32.8 percent companywide for the three-month period ended Dec. 31.
An expanding market helped slot machine provider Multimedia Games increase profits in revenues in the company’s first quarter.
Some 13,000 Caesars Entertainment Corp. resort employees covered by Culinary Workers Local 226 overwhelmingly approved a new five-year contract between the union and casino company Tuesday.
Ram Chary has been appointed chief executive office of Global Cash Access Holdings Inc., the Las Vegas-based cash management company said Monday.
Pure Romance, a woman-to-woman direct sales company specializing in intimacy products, acquired Slumber Parties Inc. The deal adds 104 Las Vegas consultants to Pure Romance’s 10.
A casino in suburban Philadelphia operated by Caesars Entertainment Corp. could face closure by Pennsylvania gaming regulators after its adjoining harness racing track was shut down by state authorities.
New casino development in Las Vegas is on lockdown.
Call some big cities by their nicknames, and most folks know just where you mean.
Settlement talks have started to bear fruit in the high-stakes litigation over the construction of CityCenter, including an insurance company offer to pay $55 million to cover defects at the unfinished Harmon hotel.
The founders of the social gaming product DoubleDown Casino have departed the company, two years after it was purchased by International Game Technology.
The race and sports book subsidiary of Cantor Fitzgerald L.P. accused of inadequate supervision of its employees that led to one of its top executives accepting illegal bets will pay a record $5.5 million fine under a settlement unanimously approved Thursday by the Nevada Gaming Commission.
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