Despite predictions two years ago, Singapore did not surpass the Strip as the world’s No. 2 gaming market in 2012.
Casinos & Gaming
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Gambling and boozing in downtown Las Vegas is history.
The leader of a dissident group of International Game Technology shareholders has offered to meet with the slot machine manufacturer’s chairman in an effort to resolve the company’s heated proxy fight before next week’s annual stockholders meeting.
Caesars Entertainment Corp. said Monday that its fourth-quarter net loss more than doubled from a year earlier primarily because of noncash impairment charges and lost business in Atlantic City caused by Superstorm Sandy.
Atlantic City can’t catch a break.
Wynn Resorts Ltd. announced Friday that Marilyn Spiegel will step down as president of Wynn Las Vegas and Encore to work on design and development of company projects, including proposed resorts in Philadelphia and Boston.
Former World Series of Poker champion Chris Ferguson, whose career has been derailed for almost three years following the U.S. government’s crackdown on Internet poker, has settled with federal prosecutors.
Wynn Resorts Ltd. reported Friday that its shareholders voted overwhelmingly to remove Kazuo Okada from its board of directors.
Kazuo Okada, co-founder and one-time largest shareholder in Wynn Resorts Ltd., resigned Thursday from the gaming company’s board of directors, just one day before a shareholder vote likely would have removed him.
The Nevada Gaming Commission’s planned meeting for today has been moved to next Tuesday.
Caesars Entertainment Corp. Chairman Gary Loveman kicked off the company’s new hiring initiative Wednesday by introducing six employees ranging from senior level executives to frontline casino workers.
Frank Fahrenkopf, who will step down in June after 18 years as president and CEO of the American Gaming Association, said Wednesday he believes a comprehensive federal bill legalizing online poker will be brought back to Capitol Hill this year.
Nevada Gold & Casinos Inc. on Wednesday joined a crowded space online with the launch of its Gold Star Slots, a free-to-play casino app on Facebook. The company’s new iGaming site enables players to play slots while introducing them to their properties in South Dakota and Washington.
MGM Resorts International Chairman Jim Murren said the casino operator wouldn’t be opposed to selling one or more of its properties in Las Vegas or elsewhere if the numbers were to pencil out.
A proxy voting advisory firm has recommended shareholders of slot machine giant International Game Technology re-elect five of the company’s eight board members along with a candidate nominated by a dissident group of shareholders.
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