NEW YORK — U.S. stocks soared and the dollar fell on Wednesday on a wave of investor relief after the Federal Reserve said it does not plan to hike interest rates before the economy can support an increase.
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BOSTON — Anti-gambling activists, in a study released Wednesday, suggest local aid from state lottery profits will drop by as much as $103 million if and when casinos open in Massachusetts, but casino proponents argue the revenue drop is not likely to be that severe.
Atlantic City arrested 24 people who blocked streets in the New Jersey city on Wednesday as hundreds of casino workers demonstrated against plans by the Trump Taj Mahal to cut pension and health benefits.
The nation technically put the Great Recession in its rear-view mirror five years ago, but to the president and CEO of the San Francisco’s Federal Reserve Bank, which oversees Nevada, there’s still a ways to go to reach full recovery.
BILOXI, Miss. — A U.S. bankruptcy judge has given MVB Holding until midnight Oct. 27 to vacate the former Margaritaville Casino building and turn the keys over to the property owners.
Shareholders of Las Vegas-based Bally Technologies will vote on accepting the company’s $5.1 billion buyout by Scientific Games Corp. on Nov., 18, the company announced Wednesday.
Management company Warner Gaming received initial approval Wednesday from state gaming regulators to take over the Horizon in Lake Tahoe and transform the shuttered hotel-casino into a Hard Rock-branded property.
LONDON — Ten-time World Series of Poker winner Phil Ivey has lost his case against a British casino he accused of improperly withholding his winnings.
WASHINGTON — Telecom giant AT&T will pay a hefty $105 million settlement after the government accused the company of unlawfully billing wireless customers for tens of millions of dollars in bogus charges — a practice known as cramming.
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