The acquisition of slot machine manufacturer International Game Technology by lottery provider GTECH shouldn’t have surprised anyone in gaming. “This is a dance that has been going on for 20 years,” said one gaming industry insider.
Casinos & Gaming
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The 160,000-square-foot North Las Vegas warehouse and headquarters of Nevada Restaurant Services — parent company of the Dotty’s chain of taverns — is a cross between Costco, Home Depot, a slot machine manufacturing plant and a direct-mail house.
Imagine the dilemma in trying to market Atlantic City to the world. One casino closed in January. Three of the remaining 11 resorts could be shuttered by September. Atlantic City gaming revenue fell to $2.8 billion in 2013, the Boardwalk’s lowest total since 1989.
Nevada casinos recorded their largest single-month gaming revenue increase this year during June. For the second straight month, Strip casinos recorded a double-digit revenue jump.
A fire at a South Lake Tahoe hotel forced two people to jump to safety from a second-story balcony and caused $2 million in damage, officials said Thursday.
The Nevada Gaming Commission signed off on a $100,000 fine leveled against the Aria for preventing gaming agents from watching a high-stakes roulette game last year.
The owner of slot machine route operator said Thursday his wife sold her stake in a potential Clark County medical marijuana dispensary, which eliminated any conflict with a regulatory request that gaming license holders stay away from the business.
Pinnacle Entertainment more than doubled the company’s net revenues in the second quarter, thanks to its $2.8 billion acquisition of a rival regional casino operator.
Regional casino operator Penn National Gaming reversed a second quarter net loss despite a 14 percent decline in net revenue, the company said Thursday.
WASHINGTON – After a long period of healthy growth that brought prosperity to many reservations. Indian tribal gaming revenues have leveled off in recent years and face an uncertain future, Congress was told on Wednesday.
WASHINGTON — Donald Trump has big plans for the Old Post Office building, a historic structure in downtown Washington that he’s pledging to transform into the city’s most luxurious hotel. As for the White House, four blocks away? He’s not saying.
Station Casinos announced a deal Wednesday with Princess Cruises in which customers in the casino operator’s players loyalty program can earn a complimentary cabin for two on select cruises each year, exclusive cruise fares, and special offers.
A regulatory mandate that Nevada gaming license holders stay away from the state’s neophyte medical marijuana business could be challenged again Thursday at the Nevada Gaming Commission. But the outcome is inevitable.
A Las Vegas man arrested over the weekend at a Pennsylvania casino has been on Nevada gambling regulators’ radar as a casino cheat since 1999. Jubreal Chahine, 40, was taken into custody without incident.