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.
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.