International Game Technology’s former top game developer has joined a rival slot machine manufacturer.
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Despite predictions two years ago, Singapore did not surpass the Strip as the world’s No. 2 gaming market in 2012.
Gambling and boozing in downtown Las Vegas is history.
The leader of a dissident group of International Game Technology shareholders has offered to meet with the slot machine manufacturer’s chairman in an effort to resolve the company’s heated proxy fight before next week’s annual stockholders meeting.
Caesars Entertainment Corp. said Monday that its fourth-quarter net loss more than doubled from a year earlier primarily because of noncash impairment charges and lost business in Atlantic City caused by Superstorm Sandy.