Count the analysts at Fitch Ratings Service as predicting 2016 to be a stable environment for most U.S. gaming operators.
Casinos & Gaming
For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com.
Are you desperate to own a rare piece of Las Vegas history? Are you willing to pay a lot more for it than the government says it’s worth? You’re in luck.
Nevada’s largest casinos reduced their combined net losses by 11 percent in the 2015 fiscal year but several areas of Clark County — not including the Strip — reported profits based on their total revenue, state gaming regulators said Thursday.
The 9th Circuit Court of Appeals has rejected a legal effort by the owners of the Dotty’s and Jackpot Joanies slot machine taverns to throw out Clark County regulations covering the operation of the gambling devices.
Staff with the Public Utilities Commission say in recent filings that the multimillion dollar exit fees required by state regulators to allow three major Nevada gaming companies to leave Nevada Power as retail customers are legal and proper.
Caesars Entertainment’s bankrupt operating division recorded a net profit of $29.6 million during November, the company said in a securities filing Wednesday.
The Cosmopolitan of Las Vegas President Bill McBeath was granted tentative approval for a Nevada gaming license Wednesday, a year after taking over operations of the Strip resort.
The former Las Vegas headquarters for slot machine giant International Game Technology was sold for $75 million less than a year after the building in the southwest Las Vegas Valley was listed.
Now that Macau’s casino market has hit rock bottom, the investment community might have a more optimistic opinion about the world’s largest gaming market.
The Macau gaming market fell to a five-year low in 2015, with casino revenue slowed by the sinking Chinese economy and government reform programs that crushed the high-end gambling business.
Regional casino company Penn National Gaming said its restated financial results for 2013 and 2014 won’t be submitted until February, but the operator of the Tropicana and M Resort said in a statement it expects total cash flow to reach $754.4 million for 2015.
Nevada gaming revenue rebounded in November, with the state and Strip recording just their second monthly increases in the past six months.
We know Kentucky has problems filling its budget gaps, but a state judge’s Christmas Eve gift was a little extreme.
State gaming regulators are monitoring the issues surrounding the purchase of the Las Vegas Review-Journal by the family of Sheldon Adelson, the majority shareholder in casino giant Las Vegas Sands Corp.
Fantasy sports company DraftKings will ask a court to decide whether it can offer daily fantasy sports games in Illinois, after the state’s attorney general declared them illegal gambling.
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