Caesars Entertainment’s bankrupt operating division recorded a net profit of $29.6 million during November, the company said in a securities filing Wednesday.
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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.