Casinos in Macau face a growing volume of bad debt provisions, further hitting earnings in the world’s largest gambling hub at a time when high-roller VIP gamblers are retreating.
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Casinos & Gaming
Bill Walters, 69, is the sort of person for whom it is possible to use the phrase “latest indictment.” But, notably, none of those indictments has ever resulted in a conviction.
This time, it will be different. That’s the mantra for those hoping to successfully revitalize the Moulin Rouge in historic west Las Vegas after more than 60 years of failed development attempts.
The Lucky Dragon continues to push toward an opening date later this year, but the north Strip resort isn’t receiving tax increment financing from Las Vegas to help it get there.
Republican Gov. Chris Christie has signed a package of bills to keep financially troubled Atlantic City from running out of cash.
New Jersey’s legislature approved two bills that would pull Atlantic City from the brink of bankruptcy and give the troubled gambling hub about five months to right its finances — a task that if unmet would result in an unprecedented state takeover.
Convention attendance continued to soar in April, keeping visitor volume for the month in positive territory compared with last year, the Las Vegas Convention and Visitors Authority reported Thursday.
The saga continues in the ongoing legal battle between Wynn Resorts’ Steve Wynn; his ex-wife and fellow board member, Elaine Wynn; and Japanese businessman Kazuo Okada, who was once a major Wynn Resorts shareholder.
Two new casinos proposed for northern New Jersey near New York City could save, or destroy, Atlantic City, panelists at a major casino conference said Thursday.
Sports betting remains a bright spot in Nevada’s otherwise lackluster gaming win in April, with the $292.3 million wagered on basketball, hockey, baseball and other events —a record for the month, the Gaming Control Board reported Thursday.
After a “multimillion dollar renovation” the rooftop Pool at the Plaza will open for hotel guests and the public on July 2 at the Plaza in downtown Las Vegas.
Internet gambling has tremendous growth potential in the United States as ever-greater percentages of the public use smartphones, participants in a major gambling conference said Wednesday.
Officials for Moulin Rouge Holdings held a groundbreaking on Tuesday for the new Moulin Rouge Las Vegas.
Executives of the Hard Rock Hotel & Casino topped off the expansion of its meetings and convention space Monday with a ceremony for the project that will bring the property’s meeting space to 110,000 square feet.
A group of predominantly African-American investors, led by former Oakland Raiders players Ronnie Lott and Rodney Peete, have met with team and city officials about developing a stadium to keep the NFL team in California.
Atlantic City’s casinos saw their collective operating profit rise by 31 percent in the first three months of the year in another hopeful sign that the struggling industry may be stabilizing.
The magic behind Las Vegas and getting visitors to return again and again is creating experiences with gaming, entertainment, shopping, and dining.
When the Malaysia-based Genting Group opens its $4 billion, 3,100-room Chinese-themed Resorts World Las Vegas property on the north end of the Strip in 2019 it will have a “celestial sphere” that will project visitor selfies.
A new proposal for the bankrupt operating unit of Caesars Entertainment Corp to emerge from Chapter 11 includes a $4 billion contribution from its parent, a lawyer for the unit told a U.S. Bankruptcy judge on Wednesday.
The state Gaming Control Board has filed a complaint against a sports book management company that says it underpaid 20,000 wagers while overpaying 11,000 bets totaling $100,000.
MGM Resorts International is preparing to erect the first new structure of its $950 million Springfield casino.
Pennsylvania-based Morphy Auctions held its coin-op auction of rare, fresh-to-the-market, early gambling and coin-operated machines Saturday and Sunday in Las Vegas.
The Nevada Gaming Policy panel that could offer recommendations to boost the state’s gaming industry was dazzled Friday by stories of arenas filled with passionate fans and heard from a retired player who now lives in Southern Nevada about the potential for gambling on e-sports.
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