The parent company of the Stratosphere and the two Arizona Charlie’s casinos said Tuesday it more than doubled its net loss in the second quarter.
Casinos & Gaming
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The Downtown Grand, which opened in October, joins the Downtown3rd community in the former location of the Lady Luck. The hotel, at 206 N. Third St., brought out the Valley High School marching band and Mayor Carolyn Goodman for an official opening ceremony on Tuesday.
It might be just under three years until Election Day, but that isn’t stopping gamblers from placing wagers on who will succeed President Barak Obama in the White House.
Wynn Resorts Ltd. said Monday it is withdrawing its proposal to build a casino-resort on the Delaware River in Philadelphia.
The only Sin City video getting more hits on the Internet than the Culinary union’s recent taunting and name-calling of people entering The Cosmopolitan of Las Vegas was the 2011 clip of Batman getting body-slammed on the Strip by a drunken tourist.
The Atlantic Club Casino Hotel plans to seek bids from potential buyers by Nov. 18, and sell itself at a bankruptcy auction by mid-December.
The Cosmopolitan of Las Vegas reported a third-quarter loss Friday, but the Strip resort continues to inch toward profitability as casino revenues almost doubled year-over-year.
Caesars Interactive Entertainment CEO Mitch Garber said he has never hidden his past employment as the chief executive of two foreign-based Internet gaming operations that took wagers from U.S. customers almost a decade ago.
Slot machine provider International Game Technology said Thursday its net income fell 30 percent in the company’s fourth quarter, but profits for all of fiscal 2013 increased by 9 percent.
Another Atlantic City casino has filed for bankruptcy protection. The Atlantic Club Casino Hotel says it will remain open as it seeks a buyer in bankruptcy court.
State gaming regulators granted preliminary approval Wednesday for the sale of John Ascuaga’s Nugget in Sparks to a private investment group.
Pinnacle completed its $2.8 billion purchase of Ameristar Casinos in late August and the casinos purchased from the acquired entity skewed third-quarter earnings.
State gaming regulators on Wednesday peppered Rock Gaming founder Dan Gilbert, who also owns the NBA’s Cleveland Cavaliers, with questions about former UNLV standout Anthony Bennett, in addition to his ownership acquisition of Caesars Interactive Entertainment.
The gaming industry’s batting order may have landed a new clean-up hitter. The overwhelming approval by New York voters to add seven Las Vegas-style casinos was welcomed by gaming insiders and observers.
The Wynn Resorts Ltd. board of directors has approved a $3 dividend to be paid on Dec. 6 to shareholders of record on Nov. 20, the gaming company announced Tuesday after the stock markets closed.