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Casinos & Gaming

For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com.

Macau casinos produce record-breaking $4.6 billion in October

Macau’s casino industry shattered its single-month gaming revenue record in October, taking an eye-popping $4.6 billion in pre-tax winnings. That’s roughly 75 percent of the total taken in 2012 by the entire Las Vegas Strip.

MGM Resorts narrows losses, gains revenues in third quarter

MGM Resorts International reduced its net loss in the third quarter as the Strip casino giant was helped by increased results from the company’s gaming operations in Las Vegas and Macau.

Legal dispute between Wynn, Okada put on hold for another six months

The legal feud between Wynn Resorts Ltd. and former largest shareholder Kazuo Okada went into hibernation for another six months on Thursday amid concerns about the safety of witnesses in a parallel criminal inquiry by federal prosecutors.

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Analysts press Loveman on exit from Boston-area casino project

A $761.4 million quarterly loss by Caesars Entertainment Corp. wasn’t on Wall Street’s mind Tuesday. Analysts wanted insight from Chairman Gary Loveman on Caesars’ highly public exit 10 days ago from a proposed $1 billion Boston-area casino development.

Judge tosses one part of case brought by Okada against Wynn Resorts

Wynn Resorts Ltd. on Tuesday won dismissal of one piece of the case brought by former largest shareholder Kazuo Okada, as the all-out legal war between the two starts to come out of hibernation.

Report: Cantor Gaming target of money laundering inquiry

Cantor Gaming officials declined to comment Monday on a report that federal agencies are investigating the sports betting firm in connection with alleged money laundering.

Downtown Las Vegas’ newest resort opens

Seth Schorr’s vision for the Downtown Grand Las Vegas was always different from the typical resort. The hotel-casino, which blends into the urban core of downtown more than other properties, opened on Sunday as the first guests checked in, restaurants opened, and the race and sports book took its first bet.

Revenue growth in Macau helps drive Wynn Resorts earnings

As Wynn Resorts Ltd. exceeded analysts’ predictions, earning $1.79 per share in the third quarter, Steve Wynn expressed frustration with Pennsylvania and Massachusetts, where “freshman” regulators worry “a gangster might get in.”

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