Gaming stocks were oblivious to investor worries that the lack of a year-end agreement in Congress to avoid wide-ranging tax increases and spending cuts would push the economy over the edge.
Casinos & Gaming
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Global Gaming Asset Management LLC expects to complete its acquisition of a 9 percent stake in Bloomberry Resorts Corp., owner and developer of the Solaire Manila Casino & Resort, today making it the second largest shareholder in the casino project.
Bally Technologies has entered into an agreement to provide 650 Video Lottery Terminals to gaming properties in Saskatchewan, Canada. Earlier this year, the Las Vegas-based company announced an agreement to provide VLTs to Canada’s Atlantic Lottery Corp.
After two years of modest reinvestment and upgrades of Strip properties, a group of gaming industry analysts and brokers thinks more than $1.5 billion will be invested by companies and investors in the Las Vegas gaming real estate market over the next two years.
Wynn Resorts Ltd. confirmed Friday that it had executed a two-year option agreement to buy 30 acres of land in Massachusetts to build an urban gambling resort.
The Nevada Gaming Commission on Thursday unanimously approved a $25,825 fine against the former Leroy’s Race and Sports Place for accepting unauthorized bet on the 2012 Kentucky Derby at four locations statewide.
The most surprising revelation to come out of the Nevada Gaming Commission hearing Thursday into the licensing of Caesars Interactive Entertainment wasn’t the company’s eventual approval.
William Hill Plc, Great Britain’s largest bookmaker, has until Friday to finalize its $785 million offer for rival Sportingbet Plc. The companies agreed to the cash and stock deal in October, but William Hill has received several extensions to complete their due diligence relating to the deal.
Slot machine maker Bally Technologies signed an agreement Wednesday to provide the provincial lottery in Saskatchewan with 650 of the company’s video lottery terminals.
The Imperial Palace officially disappears on Friday.
Poker superstar Howard Lederer, facing a $42.5 million lawsuit filed by the U.S. Department of Justice over his leadership role with a tarnished online gambling company, agreed Tuesday to settle the case, forfeiting more than $2.5 million in cash and assets.