A gaming insider whose opinion is respected in the industry has a theory that Massachusetts gambling regulators unknowingly handed some momentum to those who want to overturn the state’s 2011 casino law.
Casinos & Gaming
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Nevada gaming revenue dipped 3.7 percent in August, ending five straight months on increases statewide.
The Nevada Gaming Commission approved an ownership change in the Mountain View Casino in Pahrump Thursday, which returned a member of the Herbst family to the gaming industry. But the discussion was more about medical marijuana.
MACAU — Macau’s casino junket operators are feeling the squeeze as China’s anti-corruption drive has blown a hole in the world’s biggest gambling hub. Some are shifting players elsewhere, like the Philippines and Vietnam; others are quitting the business.
MGM Resorts International on Thursday selected Don Thrasher as president of Park Holdings, the entity that oversees development of The Park, now under development between the Monte Carlo and New York-New York hotels.
A federal appeals court reinstated a German gambler’s lawsuit with Wynn Las Vegas over a disputed $1.3 million owed to the Strip casino, saying the matter didn’t have to be heard by the Gaming Control Board.
NEW YORK — Yields on bonds from a Caesars Entertainment unit are diverging in a sign that the casino company will be unable to satisfy warring creditor classes and increase the odds of a bankruptcy.
Aristocrat Technologies didn’t have to sell the producers of the “Sons of Anarchy” television series on the idea of creating a slot machine based on the fictional outlaw motorcycle club. The show’s top executives approached the gaming company to discuss the concept.
Henderson resident Frank Meoni has been gambling most of his life. Whether it was with his safety as a firefighter or a hand of cards as a poker dealer, the 63-year-old considers himself lucky.
ATLANTIC CITY — Games of mini-baccarat played at the Golden Nugget two years ago with unshuffled cards in which gamblers won $1.5 million did not violate any rules or laws, New Jersey casino regulators ruled.
ATLANTIC CITY — A bankruptcy court auction for Revel, the failed luxury casino-hotel on the Atlantic City Boardwalk, will resume on Tuesday.
Former MGM Resorts International executive Bill McBeath was named managing director of Illinois-based Z Capital Partners, the largest shareholder of casino operator Affinity Gaming.
On Monday, the Chinese gaming market was red-flagged when Wells Fargo Securities gaming analyst Cameron McKnight became the latest Wall Street researcher to post warning signals.
Slot machine giant International Game Technology and GTECH Holdings amended a portion of the companies’ merger agreement Tuesday with hopes of keeping the planned closing date on track for $6.4 billion transaction.
ATLANTIC CITY — The lawyer for a Florida developer who has offered $90 million for the former Revel in Atlantic City says multiple offers have been received for it, and an auction will be held Wednesday.