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Modest increase seen in holiday sales for ’13

Nationwide, holiday sales are expected to increase 3.9 percent this year to an estimated $602.1 billion, the National Retail Federation predicts in its holiday sales forecast released Thursday.

Joe Magliarditi out, Daniel Lee in as Palms CEO

Daniel Lee, a veteran gaming executive, has been appointed chief executive officer of the Palms Casino Resort. Lee replaces Joseph Magliarditi, who took over day-to-day operations of the off-Strip property in June 2011.

Jacobs Entertainment offers rival bid for MTR Gaming

MORGANTOWN, W.Va. — Jacobs Entertainment is trying to buy West Virginia-based MTR Gaming Group, offering a deal it says is 10 percent richer for shareholders than MTR’s planned merger with Eldorado Resorts.

Ex-Cantor Gaming executive pleads guilty to conspiracy charge

Michael Colbert, a former director of risk management and vice president with Cantor Gaming in Las Vegas who was arrested last year in connection with a nationwide illegal bookmaking ring, has pleaded guilty to a single felony charge of conspiracy.

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