February gaming revenue rose 5.7 percent to $3 billion. It is the smallest gain since January 2017 and a much smaller gain than then 10 percent increase Wall Street analysts had expected.
Casinos & Gaming
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Caesars Entertainment Corp. and MGM Resorts International are playing catch up with each other on fees.
A former massage therapist filed a civil lawsuit Wednesday against disgraced and departed casino mogul Steve Wynn, alleging that he frequently used “his immense power to coerce (her) to perform sexual favors.”
Gov. Charlie Baker says a name change for Wynn Boston Harbor should be considered in light of sexual misconduct allegations against casino mogul Steve Wynn.
Las Vegas-based gaming equipment manufacturer Scientific Games Corp. suffered its fourth straight quarterly net loss, but saw revenue climb 9.4 percent for the quarter and 6.9 percent for the year, the company reported Wednesday.
Convention attendance was off 16.7 percent and January visitor volume was down 3.3 percent, but the average daily room rate soared for the month to the highest level in history, the Las Vegas Convention and Visitors Authority reported Wednesday.
Executives at MGM Resorts International, emboldened by recent increases in Caesars’ resorts fees, plan to raise their resort fees at some properties.
A judge on Tuesday threw out a Czech casino owner’s counterclaims against the Aria and an Australian poker player over a multi-million dollar poker game. Lawyers for Leon Tsoukernik had alleged that he lost $3 million to a professional poker player because the casino plied him with alcohol.
The continued ongoing disruption of two Station Casinos’ properties dampened fourth-quarter earnings for Las Vegas-based Red Rock Resorts, company officials said Tuesday.
Atlantic City’s newest casino promises to flood the city with live music.
While the Southern Nevada casino industry enjoys a burst of prosperity and development, it also may be facing a tide of negative sentiment from loyal casino customers regarding high resort fees and paid parking policies at Strip casinos.
Former clients of Bettor Investments, one of the first sports betting mutual funds in Nevada, are accusing the company’s founder of going “radio silent” and not responding to requests to return their money.
Massachusetts gambling regulators say there was nothing improper about a $2 million donation Wynn Resorts made to the Republican Governors Association in 2014.
A poker dealer at Bellagio had his gaming employee registration revoked by the Nevada Gaming Commission following a hearing Thursday over accusations he stole $5 poker chips while working as a dealer at Bally’s.
The Clark County Commission on Wednesday unanimously approved waivers of development standards, including a reduction in the number of required parking spaces, for the planned 18,000-seat Madison Square Garden Sphere Las Vegas performance venue.
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