The $1.2 billion buyout of slot machine maker Multimedia Games by Global Cash Access was approved Thursday by the Nevada Gaming, which allowed the transaction to clear its final regulatory hurdle.
The FBI had to move up a raid on an international gambling operation at Caesars Palace in July because word had slipped out about the investigation, a state gaming agent testified Wednesday.
Tutor Perini Corp., the general contractor behind CityCenter and a party in a massive construction defect case involving the development’s Harmon Hotel, said Wednesday it would receive “total net settlement proceeds” of approximately $189.5 million on its lien claims.
NEW YORK — New York state approved three casino developments worth $1.4 billion on Wednesday that promise to add more than 5,000 jobs to the sluggish upstate economy and generate around $300 million in tax revenues for state coffers, but a proposal by Las Vegas-based Caesars Entertainment did not make the cut.
The new owners of the Cosmopolitan of Las Vegas have tabbed long time gaming executive Bill McBeath as CEO of the Strip resort.
In Macau, there are spectacular images of the city’s downtown Peninsula skyline from the Ruins of St. Paul. Above the church site is Mount Fortress, built by Jesuits to protect the Portuguese colony. The crumbled buildings and cannons serve as a metaphor for the current state of the Chinese gaming enclave.
SLS Las Vegas part-owner Sam Nazarian said Tuesday he would step away from all day-to-day operations of the north Strip resort.
Sometimes late at night Bobby Florence will stop by the main gaming floor at the Gold Coast where people are wagering money on a new baccarat game called Rabbit’s Play. He’ll get a little twinkle in his eye, as he did when he scored 35 points in one half against Saint Mary’s 40 years ago.
Caesars Entertainment Corp. made good on previous predictions and skipped a $225 million interest payment Monday while the casino operator continued debt reduction talks with lenders.
When he appears at the Nevada Gaming Commission Thursday, Sam Nazarian — the visionary behind SLS Las Vegas — should accept the Dec. 3 recommendation by the Gaming Control Board for a one-year limited gaming license.