The effects of last year’s $1.2 billion buyout of slot machine maker Multimedia Games is still being felt by Everi Holdings.
Casinos & Gaming
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The Fontainebleau, the hulking unfinished resort that’s sat on the east side of the Strip for six years, might soon be a bit less of an eyesore.
A progressive political watchdog group wants Congress and the Federal Election Commission to investigate alleged ties between Las Vegas Sands Corp. Chairman Sheldon Adelson and reputed Chinese organized crime figures.
Downtown Las Vegas is outshining the Strip. Through September, downtown casinos have seen gaming revenue increase almost 6 percent compared to 2014. During those same nine months, the Strip is down 1.5 percent.
The business pages are filled with the high-rolling decisions of Nevada’s corporate casino giants, but it’s a strategy emerging from the diminutive Eureka Casino Resort in Mesquite that has me intrigued.
Caesars Entertainment Corp., said Monday it was transitioning the operation of its three Ohio casinos to its partner, which includes removing the Horseshoe names from the properties and separating the casinos from the company’s Total Rewards customer loyalty program.
Macau’s casino market saw gaming revenue dip for the 17th straight month during October, despite the opening of a multibillion dollar hotel-casino and the lucrative Golden Week holiday.
Student inventors from UNLV revealed five table games they created during an event at Red Rock in Las Vegas on Sunday. The students are from UNLV’s Center for Gaming Innovation and were supported through a grant from the state’s Knowledge Fund.
Macau’s top gaming regulator Manuel Neves is stepping down from his post in the world’s largest casino hub, the Chinese territory’s government said, at a time when its revenues are plummeting and the growth outlook looks weak in the coming year.
Statewide and Strip gaming revenue ended a three-month slide in September.
MGM Resorts International said Thursday it will place 10 of its properties — including seven on the Strip — into a real estate investment trust that will be 70 percent owned by the casino giant, but will also offer the company “strategic and financial benefits.”
When a bankrupt operating unit of Caesars Entertainment went on the market earlier this month, the package consisted of 38 casinos, including Caesars Palace on the Strip. But those watching the sale have focused more on what isn’t being offered.
Batman and Wonder Woman are just some of the superheroes casino operator Melco Crown Entertainment Ltd. is deploying at its new $3.2 billion casino in Macau, which opened Tuesday in the midst of a sharp downturn for the Asian gambling playground.
There are at least 1.3 billion reasons why the operators of DraftKings and FanDuel are beginning to sweat.
Former U.S. District Judge Philip Pro was named to the Nevada Gaming Commission on Monday to fill out the remaining term left vacant by the resignation of Pat Mulroy earlier this month.
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