Add Rep. Dina Titus to the list of congressional representatives requesting hearings be held on the legalities of daily fantasy sports businesses that have come under fire over cheating allegations and concerns the industry is largely unregulated.
Casinos & Gaming
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Caesars Entertainment Corp. asked a federal bankruptcy judge Thursday to extend the exclusivity date on the reorganization plan for its largest operating division to March 15.
To say that four men who pulled more than $1 million from Bellagio craps tables defied the odds would be something of an understatement. The chances that they legitimately won as much as they did in one of their many sessions over the course of two years: 452 billion-to-1.
SLS Las Vegas visionary Sam Nazarian will sell his company’s 10 percent stake in the Strip resort to majority owner Stockbridge Capital Partners, ending his eight-year association with the property, formerly known as the Sahara.
Caesars Entertainment Corp’s casino business sparred with a group of creditors in a trial on Monday over the exact date that the casino operator went bankrupt, in a battle that could determine whether the company’s restructuring deal can go forward.
Creditors of Caesars Entertainment Corp.’s casino business are heading to court on Monday to argue that the company has been bankrupt for three days longer than it acknowledges, and $468 million hangs on the outcome.
The Chinese government may step in to help stem the bleeding within Macau’s plummeting gaming market. According to local Macau media Friday, the liaison office between Mainland China and Macau expects the Beijing government to release measures that would support Macau’s economy, notably the casino industry.
Rahul Sood admitted at the outset of his Thursday morning keynote address at the Global Gaming Expo that it had been awhile since he visited Las Vegas.
To no surprise, the Macau casino industry suffered through its 16th straight monthly revenue decline during September and the market’s eighth straight month of drops of more than 30 percent.
Three months into the job, the new CEO of Caesars Entertainment Corp. told an audience at the Global Gaming Expo on Wednesday that reports of the casino industry being oversaturated in several markets might be a misnomer.
Gaming revenue in Nevada and along the Strip fell for the third straight month in August although other areas of Clark County reported double-digit increases.
Former Caesars Entertainment Corp. CEO Gary Loveman has joined Aetna to oversee a new division for the Hartford, Conn.-based insurance company.
You’re not allowed to smoke within 25 feet of the entrance to the Sands Expo and Convention Center, according to the sign. On Tuesday morning, smokers blurred the 25-foot rule to catch a few puffs between programs at the annual Global Gaming Expo.
The debate over daily fantasy sports was front and center Tuesday at the Global Gaming Expo. DraftKings CEO Jason Robins took part in a panel discussion on whether or not fantasy sports is a form of gambling. The interest was so large that the G2E breakout session took place in the main conference ballroom at the Sands Expo and Convention Center, rather than one of the smaller meeting rooms.
JCM Global doesn’t attract the crowds to its Global Gaming Expo trade show booth in the numbers that swarm major slot machine manufacturers.
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