SBE Entertainment CEO Sam Nazarian, company whose owns 10 percent of SLS Las Vegas, was recommended for a one-year limited license by Gaming Control Board Wednesday.
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Blackstone Group, a multinational private equity investment fund, was given preliminary approval Wednesday to acquire the Cosmopolitan of Las Vegas for $1.73 billion.
Caesars Entertainment, the nation’s largest casino operator with almost 40 properties in 14 U.S. states and the Canadian province of Ontario, is under attack as it struggles to restructure its gaming industry-high debt load of $22.8 billion.
Following more than three hours of public testimony Tuesday, Clark County commissioners put off for 24 hours a vote on a Clark County regulation governing the operation of slot machines so various amendments introduced just before the hearing could be incorporated into a final version.
ATLANTIC CITY — Trump Entertainment Resorts says it is closing its newest hotel tower and is no longer issuing credit as it prepares for a Dec. 12 shutdown of the Taj Mahal, its lone remaining casino.
Veteran gaming executive Dan Lee was named CEO of regional casino operator Full House Resorts Monday, ending a two-month proxy fight for control of the Las Vegas-based company.
Macau is poised for its first-ever yearly gaming revenue decline following the market’s 19.6 percent nose dive in November.
A Las Vegas Valley man probably did not expect to walk out of the Rampart Casino over $14 million richer, but he did after he hit the Megabucks jackpot, according to the resort.
Pennsylvania gaming regulators this month drove another nail into the coffin containing Atlantic City’s gaming market. At the same time, they unwittingly damaged their own state’s casino industry.
There is life in the regional casino markets. Several states posted their best gaming revenue months in more than a year during October, fueling a boost in the stock prices of regional gaming operators.