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The race and sports book subsidiary of Cantor Fitzgerald L.P. accused of inadequate supervision of its employees that led to one of its top executives accepting illegal bets will pay a record $5.5 million fine under a settlement unanimously approved Thursday by the Nevada Gaming Commission.
Slot machine maker International Game Technology grew profits and revenue in the first quarter despite what company officials described as “market challenges.”
The number of Americans paying to participate in fantasy sports has grown at a 7.8 percent rate annually over five years. That growth has transformed what was once a small group of devoted players into a multibillion-dollar business.
The Cosmopolitan of Las Vegas is expanding its relationship with Marriott International, John Unwin, the resort’s chief executive officer, said Thursday.
Steve Wynn openly mocked an opponent’s proposal for a Boston-area casino on Wednesday, saying it would be a “three-star” resort, while his would be “five star.”
The Gaming Control Board and the International Olympic Committee announced Tuesday they will cooperate in monitoring irregular bets related to the Sochi Winter Olympics in Russia to ensure the integrity of the competition.
There is a reason officials from CG Technology (formerly Cantor Gaming) said they were “glad to have reached a resolution” with Nevada gaming regulators and will pay the largest fine ever leveled against a casino or affiliated company.
A legislative committee formed to study technology’s effects on gaming will go beyond its stated purpose and explore other issues surrounding Nevada’s largest industry.
Two downtown hotel-casinos will begin accepting the digital currency Bitcoin for various non-gaming transactions.
Saying they have confirmed that one or more people used “a significant number of counterfeit chips” at an Atlantic City poker tournament, state casino regulators on Saturday canceled the tainted match and ordered all prize money frozen until an investigation is complete.
William Hill PLC on Friday said its Las Vegas-based subsidiary had a strong fourth quarter, with amounts wagered up 34 percent and net revenue up more than 150 percent over the fourth quarter of 2012.
With a new year comes new prognostications by Wall Street on which gaming companies will provide investors the best return in 2014.
Sports betting is big business in Nevada with $3.45 billion wagered in the last reporting year. But Las Vegas casinos and sports books are still trying to figure out how to attract fantasy sports players to the Strip.
An anti-online gaming group funded by Las Vegas Sands Corp. Chairman Sheldon Adelson is distributing a letter from the Federal Bureau of Investigation that warns Internet wagering can be used by criminals to conduct money-laundering activities.
Over the last three years, the Cosmopolitan of Las Vegas has emerged as the luxury Strip resort known for its sexy and edgy advertising — a corporate philosophy that has set the property apart in a crowded gaming landscape.
