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Penn moves forward with restatement, says annual cash flow will hit $754.4 million

Regional casino company Penn National Gaming said its restated financial results for 2013 and 2014 won’t be submitted until February, but the operator of the Tropicana and M Resort said in a statement it expects total cash flow to reach $754.4 million for 2015.

Nevada gaming regulators monitoring Adelson Review-Journal buy

State gaming regulators are monitoring the issues surrounding the purchase of the Las Vegas Review-Journal by the family of Sheldon Adelson, the majority shareholder in casino giant Las Vegas Sands Corp.

 
DraftKings asks Illinois court to rule on fantasy sports

Fantasy sports company DraftKings will ask a court to decide whether it can offer daily fantasy sports games in Illinois, after the state’s attorney general declared them illegal gambling.

A year after Blackstone purchase, Cosmopolitan has turned the corner

Bill McBeath never viewed The Cosmopolitan of Las Vegas as a quick fix. He was schooled by his gaming mentors, Steve Wynn and Michael Gaughan, that time is needed to understand your customers and your business.

Kerkorian investment arm Tracinda Corp. moving headquarters to Las Vegas

Tracinda Corp., the investment arm of late billionaire Kirk Kerkorian, is moving its corporate headquarters to Las Vegas from Los Angeles to be closer to the company’s largest holdings, MGM Resorts International.

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