Despite the improved economy, land sales on the Strip have been sluggish for years, and values are nowhere near what sellers fetched before the economy crashed.
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CEO Mark Frissora hinted the company is unlikely to seek revenue growth by hiking parking and resort fees this year. Caesars last raised them in the first quarter of 2018.
“Skill-based slot machines have not gained significant popularity on the casino floor but there are still innovators developing these types of games to gain better traction with a younger demographic,” Nevada Gaming Control Board Chairwoman Sandra Morgan said.
State gaming regulators will review the impact the Justice Department’s new interpretation of the Wire Act will have on the industry in Nevada.
Boyd Gaming said fourth-quarter revenues jumped 33 percent after it acquired more companies but net income fell on a lack of tax breaks.
MGM Resorts International said Chief Financial Officer Dan D’Arrigo is stepping down as the company seeks to trim labor costs.
Las Vegas-based maker of slots and lottery machines said revenue increased to $886 million in the fourth quarter from $823 million a year ago, driven largely by its social and digital segments.
On Wednesday, the Massachusetts Gaming Commission unanimously voted for its legal team to settle a lawsuit filed against it by former Wynn Resorts CEO Steve Wynn.
Caesars Entertainment Corp. may not be able to stop Carl Icahn from grabbing significant board influence as the casino operator transitions to new corporate governance rules.
Carl Icahn, the activist hedge fund investor said in Securities and Exchange Commission filings published Tuesday that “shareholder value might be best served, and enhanced, by selling the company.”