There is a target on the back of slot machine manufacturer International Game Technology. Despite first-quarter results that were well received by investors, at least two analysts raised concerns in recent weeks that IGT could be bleeding away slot machine market share to the competition.
Million-dollar fines for violating Nevada gaming law used to be rare.
Earlier this month, MGM Resorts International Chairman and CEO Jim Murren participated in the annual J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum at the Mandarin Oriental.
Nevada’s newly christened Internet gaming agreement with Delaware could launch this summer, and Gov. Brian Sandoval said he hopes to add more states to the compact.
MGM Resorts Chairman Jim Murren wants the American Gaming Association to dial down its lobbying and advocacy efforts on behalf of legalizing Internet poker because the activity is splintering the organization.
State gaming regulators signed off Thursday on Caesars Entertainment Corp.’s plan to sell four of its resorts to the company’s Caesars Growth Partners affiliate for $2.2 billion.
The Nevada Gaming Commission on Thursday signed off on a $500,000 fine against the Mandalay Bay but also used the penalty to send a warning to the rest of the casino industry.
Up and down the Strip Thursday, college hoops fans from every corner of the U.S. were checking in to hotels, placing bets at bustling sports books and mixing testosterone with Bud Light and small hills of nachos. It’s big business for Las Vegas’ resort industry.
Early projections of a massive swell of cash from legalized online gaming may have been overly optimistic, but regulation launched a breakthrough in the gambling world, Ultimate Gaming’s top executives said Thursday.
Steve Wynn will have to come up with an extra $525,000 a year if he wants to continue to live at his golf course villa at Wynn Las Vegas.
