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US judge halts NY litigation vs. Caesars Entertainment

A bondholder lawsuit against Caesars Entertainment Corp., which the casino company has warned could plunge it into bankruptcy alongside its operating unit, was stayed Friday by a U.S. Bankruptcy judge.

Scientific Games grows quarterly revenue but suffers net loss

Slot machine giant Scientific Games Corp. said Thursday it closed out 2015 with a quarterly revenue fourth quarter revenue while the company sliced $231 million from the bottom line after completing the $5.1 billion acquisition of rival Bally Technologies.

Majority stake in slot maker Ainsworth acquired by Austrian firm

Austrian-based gaming technology company Novomatic has acquired a majority stake in slot machine maker Ainsworth Game Technology, which is developing its North American headquarters in a complex under construction in southwest Las Vegas.

9th Circuit Court overturns tip pooling policy at Wynn Las Vegas

The 9th U.S. Circuit Court of Appeals on Tuesday reversed a U.S. District Court ruling that allowed Wynn Las Vegas to pool its dealers’ tips and distribute them among other employees.

Caesars cuts net loss in fourth quarter

Caesars Entertainment Corp. said Tuesday the casino company’s net loss declined in the fourth quarter but the Strip gaming giant termed the year a success following the bankruptcy filing of its largest operating division.

After a short break Wynn-Macau love affair back on

Steve Wynn was calm and complimentary toward the Macau government 12 days ago during the company’s fourth-quarter conference call.

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