The government of Vietnam on Thursday formally approved requested amendments to the investment certificate of Asian Coast Development in the company’s planned Ho-Tram Strip project that is 24 percent owned by Pinnacle Entertainment.
Casinos & Gaming
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The story remains the same, but the stakes have risen by nearly a quarter of a billion dollars in the retrial of former consultant Richard Suen’s claim against Las Vegas Sands Corp.
ATLANTIC CITY — Atlantic City’s casino profits fell more than 27 percent last year, even as revenue from nongaming sources inched upward.
CARSON CITY — The powerful Nevada Resort Association urged state lawmakers Wednesday to approve a bill banning small establishments with restricted gambling licenses from having sports betting kiosks.
In a closed-door conclusion to a largely closed-door proceeding, Clark County District Judge Rob Bare on Tuesday cleared the way for news media cameras to record Las Vegas Sands Chairman and CEO Sheldon Adelson’s appearance on the witness stand.
Station Casinos-owned Ultimate Poker, which has yet to launch its pay-to-play website in Nevada, has a brand ambassador.
Any predictions of a slowdown in Macau’s gaming market are long forgotten. The Chinese gaming enclave shattered the region’s monthly gaming revenue record in March, with casinos collecting more than $3.92 billion from gamblers during the month.
Bank of Nevada President and Chief Operating Officer John Guedry has been named the 2013 Management, Entrepreneurship and Technology Department Alumnus of the Year by the University of Nevada, Las Vegas.
Shares of Caesars Entertainment Corp. posted strong gains in March, adding to increases in the previous month.
Table game provider Galaxy Gaming on Monday said it reversed net losses in the fourth quarter and for all of 2012.
Casino operator Affinity Gaming grew revenues 4.6 percent in the fourth quarter, primarily through the company’s three casinos in Colorado that were purchased last year.
In baseball, it’s often said that catchers make the best managers.
Las Vegas Sands Chairman and CEO Sheldon Adelson wants a judge to bar cameras during his trip to the witness stand at a civil trial next week, saying that video and still images of his testimony would threaten his security.
The Cosmopolitan of Las Vegas posted a net loss for the year as the luxury resort continues to attract customers to its restaurants, clubs and retail shops but still struggles to produce strong casino revenues.
Marc Schorr, chief operating officer of Wynn Resorts Ltd., will retire effective June 1, the Las Vegas-based gaming company announced Thursday in a filing with the Securities and Exchange Commission.
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