Slot machine giant GIT took a battering from investors Wednesday and analysts worried sour financial predictions announced 24 hours earlier might taint rival companies in the gaming equipment sector.
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A bill to outlaw online gaming was introduced Wednesday in Congress, adding another layer to the big-money debate over how or even whether the Internet should be utilized for gambling.
Caesars Entertainment Corp. said Wednesday it would close one of its three casinos in Tunica, Miss. on June 2, saying “persistent declines in business” made the market’s largest hotel-casino unprofitable.
For the second straight year, Indian casinos nationwide combined for a new annual gaming revenue record, topping $28.13 billion in 2012.
A decline in gaming revenues in U.S. regional gaming markets and a challenging business environment in foreign destinations forced slot machine manufacturer International Game Technology to reduce its workforce worldwide by 7 percent, the company said Tuesday.
ATLANTIC CITY, N.J. — Morgan Stanley lowered its estimate of the U.S. Internet gambling market on Tuesday to $3.5 billion by 2017, down from a previous forecast of $5 billion.
A plan to let New Jersey casino regulators oversee foreign Internet gambling companies if they shift their operations to Atlantic City moved closer to approval on Monday.
Slot machine giant International Game Technology announced a new multiyear licensing agreement with Sony Pictures Monday that allows the Las Vegas-based company to use the “Wheel of Fortune” brand on its product lines through 2024.
Nightclub operator Victor Drai spent Friday afternoon touring the site of his 65,000-square-foot rooftop nightclub, day-club and pool deck atop the Cromwell, which overlooks the Strip.
Xyience, the Las Vegas-based energy drink maker, has signed one of the elite rock climbers in the world to help pitch its product. His name is Joe Kinder, a 33-year-old known for his impressive roster of first ascents and route development. He’s been featured in many climbing films and outdoor magazines, and his athletic skills are matched by his artistic pursuits off the rock. He’s also a filmmaker, photographer and painter. He majored in painting at the Maine College of Art in Portland before becoming a rock-climbing rock star.