The conversion of MGM Resorts International’s Monte Carlo into Park MGM makes perfect sense: Why invest more than $550 million to upgrade a hotel that first opened its doors in 1996 when you can get two hotels for the price of one.
Casinos & Gaming
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The Luxor, Las Vegas’ pyramid-shaped casino, opened to tens of thousands of people in 1993. But now, there’s a curious site right across the street: a “coming soon” billboard for the resort.
The Nevada Gaming Commission on Thursday unanimously approved a bankruptcy trustee to take over operation of the Klondike Sunset Casino in Henderson, preventing about 50 casino workers from joining the unemployment line.
Casino operator Penn National Gaming Inc. said on Thursday it was in talks about a potential cash-and-stock takeover of Las Vegas-based Pinnacle Entertainment Inc.
Golden Entertainment Inc. announced Thursday it opened a new PT’s Gold in southwest Las Vegas.
Visitation fell 4.2 percent to 3.6 million tourists in October, the Las Vegas Convention and Visitors Authority reported Thursday, the second steepest year-over-year drop of 2017.
Aristocrat Leisure Ltd, has agreed to buy a social casino company for nearly $1 billion as it doubles down on the digital gaming industry.
Caesars Entertainment Corp. is selling the real estate under Harrah’s Las Vegas to finance its acquisition of two horse racing and gaming properties in the Midwest.
A foreign national was arrested Monday night on charges of cheating while playing craps, the highest profile case of its kind since 2011.
The Gaming Policy Committee will reconvene early next year to discuss if and how casino companies can host conventions and trade shows about marijuana without running afoul of existing federal controlled-substance and money-laundering statutes.
A slot player at Harrah’s on the Strip turned five quarters into a jackpot of more than $939,000 just a few days before Thanksgiving.
The state Gaming Policy Committee is going to pot this week as top gaming policymakers, including Gov. Brian Sandoval, will discuss whether there’s a possible point of entry for recreational marijuana among Nevada’s tourism assets.
Two reports issued by UNLV’s International Gaming Institute may influence Japanese lawmakers next year when they begin sifting through the issues of developing full-scale casino resorts in Japan.
Three new upstate New York casinos have so far failed to generate the big payoffs they projected, meaning less money shared with towns, cities and counties.
Supreme Court justices will soon hear arguments in a highly charged case over a federal ban on sports betting that, if thrown out, would open the doors for states to promote and profit from state-sponsored gambling on major league and college games.
