MGM Resorts narrowed its second-quarter net loss but saw companywide revenues increase, which included a 3.4 percent hike in revenues on the Strip.
Casinos & Gaming
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Global Cash Access Holdings Inc., parent company of Global Cash Access Inc., earned $6.67 million, or 10 cents a share, for the second quarter, compared with $6.86 million, or 11 cents a share, for the same period last year, the company said Tuesday.
Delaware is doubling down on sports betting.
M Resort closed its 14-table poker room last week to make space for additional slot machines that will be used for tournament play.
Five months after a contentious proxy fight threatened to shake up International Game Technology’s board of directors, the company announced it has expanded the governing panel by two members.
Slot machine maker Multimedia Games Inc. was for sale in 2010 and couldn’t attract a buyer. Today, it’s the hottest commodity for the gaming industry investment community.
It’s taken Tilman Fertitta just a few years to build his casino company.
William Hill Plc, which operates sports books, mobile betting apps and kiosks in Nevada, said Friday its U.S. operations posted a modest profit for the first six months of the year.
The Cosmopolitan of Las Vegas reported a quarterly loss Friday, as modest revenue gains across the board were not enough to offset a 20 percent decline in casino revenues.
A more than 10 percent decline in gaming revenues on the Strip during June was directly attributed to poor results from baccarat play.
Tavern operator Dotty’s, whose controversial business model inspired casino industry-led changes to statewide gaming regulations, is acquiring its first full-fledged hotel-casino.
Sports fans are wagering thousands of dollars on the performance of professional athletes each day online, and it is all perfectly legal.
Las Vegas-based vacation ownership firm Diamond Resorts acquired two rival firms following the company’s initial public stock offering, which closed a week ago.
Macau’s casino market during July recorded its second straight month of a 20 percent or better increase in gaming revenues.
Boyd Gaming Corp. announced a stock sale Wednesday in which the casino operator will list 15 million shares of common stock, with proceeds from the sale used to pay down a portion of the company’s long-term debt.