Scientific Games Corp. executives have assured the investment community the company’s $5.1 billion buyout of Bally Technologies is on track to close by the end of the year.
Casinos & Gaming
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Boyd Gaming Corp. sliced its third quarter net loss by more than half while the company’s Las Vegas locals and downtown operating segments reported overall revenue increases.
MGM Resorts International lost $20.3 million in the third quarter, an improvement over the company’s net loss of $22.3 million a year ago.
Slot machine manufacturer Bally Technologies saw first quarter earnings dip slightly while revenue increased 29 percent.
The chief financial officer for MGM Resorts International said Thursday the company has held discussions with a group looking to bring a National Hockey League team to Las Vegas, but the talks were preliminary.
One of Caesars Entertainment Corp.’s main creditors walked away from talks over restructuring a portion of the casino company’s $24.2 billion debt.
FRESNO, Calif. — A casino at the center of a tribe’s internal power struggle will remain closed until rival factions that operate it can settle their differences that recently erupted into an armed confrontation, a federal judge ruled Wednesday.
In the grand scheme of things, the proxy fight over Full House Resorts seems like small potatoes. But with regional markets on a downward trajectory, the company is ripe for the taking.
TRENTON, N.J.— A judge who temporarily stopped New Jersey from allowing legalized sports betting last weekend has set a court date for the state, major U.S. professional sports leagues and the NCAA to argue whether the ban should be extended.
Wynn Resorts Ltd. said Tuesday the company had a 1.4 percent dip in revenue in the third quarter, but results from the casino operator’s Strip properties boosted profits.
The company buying a Pittsburgh area racetrack casino owned by Cannery Casino Resorts sued the Las Vegas-based casino operator for allegedly breaching the $465 million purchase agreement.
Nevada gaming revenue declined almost 6 percent in September, marking the state’s second straight monthly drop. On the Strip, gaming revenue declined 12.1 percent.
Full House Resorts shareholders were given the go-ahead by the Securities and Exchange Commission Tuesday to solicit other stockholders of the casino operator on holding a special vote to remake the company’s board.
The owners of the SLS Las Vegas announced Monday that Scott Kreeger would take over for Rob Oseland president of the hotel-casino.
Station Casinos hosted its annual Smart Start breakfast this month at Red Rock Resort’s T-bones Chophouse and awarded $50,000 — $5,000 each — to 10 elementary schools designated by the Clark County School District as needing the greatest assistance for students.