Universal Entertainment Corp., the Tokyo-based company controlled by gaming magnate Kazuo Okada, called a $25 million payment at the center of an FBI investigation into possible bribery in the Philippines “unnecessary.”
Casinos & Gaming
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Culinary Workers Local 226 members voted overwhelmingly Monday to raise dues by $25 in the event of a strike this year against Strip and downtown resorts.
The Toronto City Council went ahead with a vote Tuesday to kill a casino project proposed for the downtown area that attracted interest from Nevada largest gaming companies.
The Nevada Gaming Control Board confirmed Monday that it is investigating Cantor Gaming and the Las Vegas-based company’s former sports book director, Mike Colbert.
The signs at Terrible’s Hotel & Casino are changing as the property shifts directions to go with a new identity.
Culinary Union Local 226 members were voting Monday to increase dues for a worker strike fund, two weeks before contracts between Strip casino operators and the union expire.
CARSON CITY — A bill that would have allowed private equity groups to place large bets at Nevada sports books appears dead this legislative session after it failed to get a vote Friday in the Assembly Judiciary Committee.
Pennsylvania gaming regulators by the end of the year should decide which of six proposals will be awarded the state’s final gaming license, for the Philadelphia area. The winner could be open for business two years later.
Fifth Street Gaming is looking to hire more than 800 people for the Downtown Grand hotel, the company’s chief executive said Monday. The company expects the hiring process to take four months.
Caesars won’t have any of that. And we’d bet most other casinos won’t, either.
If Tony Hsieh is the savior of downtown Las Vegas, then Derek Stevens is at least the savior of Fremont Street.
The Boardwalk can’t catch a break. For the past two decades, Atlantic City’s casino industry has been under siege from gaming competition in neighboring states.
Landry’s Inc. paid $38 million two years ago to acquire the rundown, money-losing Trump Marina, and analysts immediately predicted the gaming market’s demise. A few years earlier Trump Marina had been valued as high as $315 million.
The opening of the $2.4 billion Revel on the northern end of the Boardwalk in April 2012 was one of the most anticipated events in the market since 2003, when the Borgata was unveiled.
The California Gambling Control Commission has set a July 11 hearing to determine if Galaxy Gaming California LLC, a subsidiary of Las Vegas-based Galaxy Gaming Inc., and its CEO Robert Saucier are suitable to continue doing business in the Golden State.
