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.
Casinos & Gaming
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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.
With crowds building for Tuesday’s planned 10 a.m. public opening of the Graton Resort & Casino in Rohnert Park, Calif., the decision was made to open the property an hour early. Station Casinos developed the resort and will manage the property for the tribe under a seven-year contract.
Even as the economy emerged from the deepest recession in decades, Indian casinos increased revenue, according to a recent report.
Voters are holding the cards as to whether New York will authorize seven Las Vegas-style casinos following months of debate over the benefits of expanded gambling and the rewording of Tuesday’s ballot question.
Two years ago, Massachusetts was considered a potentially lucrative gaming opportunity.
One thing you can say about Joe Kaminkow is that he’s always creating.
More than 3,000 Culinary union members took to the Strip on Friday, blocking three lanes of traffic in front of The Cosmopolitan of Las Vegas.
Macau’s casino industry shattered its single-month gaming revenue record in October, taking an eye-popping $4.6 billion in pre-tax winnings. That’s roughly 75 percent of the total taken in 2012 by the entire Las Vegas Strip.
Nevada casinos recorded their second straight monthly gaming revenue increase during September, which included the Strip’s second straight double-digit hike.