A year ago, New York financier Ronald Perelman was adding a slot machine division to his Scientific Games Corp., one the top lottery providers in the U.S.
Casinos & Gaming
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MGM Resorts International said Thursday it hopes to raise $1 billion in new debt to help pay for some of the development costs surrounding the company’s hotel-casino projects in Massachusetts and Maryland.
BOSTON — The state’s three licensed casino companies voiced strong concerns Thursday about a plan floated by regulators to limit the time and money gamblers spend at casinos.
TRENTON, N.J. — New Jersey could drop its ban on betting on sports entirely, but it cannot legally set conditions as it ends the prohibition, a lawyer for the NCAA and four major sports leagues told a federal judge Thursday.
Caesars Entertainment Corp. is considering placing its largest operating division into a real estate investment trust as a way of dealing with its gaming industry-high debt, according to a filing Wednesday with the Securities and Exchange Commission.
ATLANTIC CITY — As the Trump Taj Mahal casino hurtled toward closing, hundreds of union members marched on Atlantic City’s Boardwalk on Wednesday to denounce billionaire Carl Icahn and his role in its anticipated demise.
ATLANTIC CITY — A Toronto-based company is abandoning its plan to buy the former Revel in Atlantic City, dealing another blow to a city reeling from a string of casino closures and the disappearance of thousands of jobs.
Bally Technologies shareholders approved the company’s $5.1 billion buyout by lottery giant Scientific Games Corp.
ATLANTIC CITY — California’s Pala Indians became the first tribe to offer Internet gambling in New Jersey on Wednesday.
Nevada’s virtual monopoly on legalized sports wagering could be in danger. But that isn’t necessarily bad for business.
A controversial request by Caesars Entertainment Corp. to move a 38.5-acre parking lot behind the Linq into the Gaming Enterprise District was delayed Tuesday when the company asked that the issue before the Clark County Planning Commission be moved to a January meeting.
MASHANTUCKET, Conn. — The tribe that owns and operates the Foxwoods Resort Casino has announced a new chief executive officer.
Caesars Interactive Entertainment named a new general manager Tuesday to oversee the company’s regulated online gaming business in Nevada and New Jersey.
Analysts at Fitch Ratings Service Tuesday joined the chorus of cautionary investment advice toward the Macau gaming market, which has seen five straight monthly revenue declines and facing a sixth in November.
BOSTON — Millions of dollars in gambling money will begin flowing into local government coffers in earnest now that the state’s casino law survived an Election Day repeal effort.
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