Caesars Entertainment Corp. blamed reduced visitation at the company’s hotel-casinos nationwide, especially in Atlantic City, for a first-quarter decline in overall revenues and a net loss.
Casinos & Gaming
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Macau gaming revenues grew 13.2 percent during April for the market’s fourth straight double-digit increase this year.
Gaming magnate Steve Wynn met behind closed doors with the governor and legislative leaders Wednesday, proclaiming in a brief interview that the gaming industry is not in a “healthy” condition and future growth will be in places other than Nevada.
Las Vegas Sands Corp., the gaming company controlled by billionaire Sheldon Adelson, reported first-quarter earnings Wednesday that easily surpassed analysts’ estimates as growth at its Macau properties accelerated.
Tropicana Entertainment Inc. announced Wednesday it sold the River Palms in Laughlin to Reno-based M1 Gaming for $7 million.
Pinnacle Entertainment’s planned $2.8 billion buyout of regional gaming rival Ameristar Casinos was tentatively approved by Nevada gaming regulators Wednesday despite federal antitrust authorities still having to completely sign off on the deal.
Regional casino operators Boyd Gaming Corp. and Pinnacle Entertainment experienced double-digit increases in their average daily share price during April.
MGM Resorts International was selected by the leadership of Springfield, Mass., Tuesday to represent the state’s third-largest city in the race for a single casino project in western Massachusetts.
ATLANTIC CITY — As a former dealer and pit boss on the Boardwalk, Mayor Lorenzo Langford is committed to seeing the city’s casino industry recover, despite his well-publicized disputes with New Jersey Gov. Chris Christie over reforms implemented by the state that the mayor says cut him and other city leaders out of the process.
The first-ever legal pay-to-play online poker website in the United States is expected to launch this morning when Station Casinos-owned Ultimate Poker flips the switch on a new era in Nevada gaming.
With the jury waiting outside the courtroom, attorneys for Las Vegas Sands Corp. on Monday unleashed their sharpest and most personal attack on one-time consultant Richard Suen.
Las Vegas Sands Corp. parted ways with the company’s longtime outside auditing firm but analysts said Monday that investors shouldn’t speculate beyond the announcement.
How could Richard Suen have gone so long in his dealings with Las Vegas Sands Corp. without a final, signed contract?
Wynn Resorts Ltd. would make $30 million in advance payments to the city of Everett, Mass., and more than $25 million annually once a proposed casino opens for business, according to a host community agreement released Thursday.
Wynn Resorts Ltd. first-quarter profit rose modestly but enough to easily beat analysts’ expectations as the gaming company reported higher occupancy and improved revenues at its casinos in Las Vegas and Macau.