Indian tribes that have made billions of dollars from legalized gambling stand the most to lose as gaming migrates to the Internet, experts told Congress on Thursday.
Casinos & Gaming
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Wynn Resorts Ltd. board member and largest stockholder Kazuo Okada will get his chance to examine normally confidential company documents, but his win comes with a large asterisk.
So, are we back? Nevada’s casino industry posted its second straight annual gaming revenue increase in 2011. Analysts were quick to point out another positive: The results were not totally reliant on high-end baccarat play, the game that has bolstered the industry’s overall performance during the recession.
In a presentation to potential lenders on Wednesday, Tropicana Entertainment Inc. outlined several changes company officials will make at its two Laughlin resorts, including possibly divesting one of them.
United Coin Machine has filed a lawsuit in U.S. District Court in Las Vegas claiming that rival Gaming Technology Corp. has poached its patented design of a slot machine payout system.
ATLANTIC CITY — The main Atlantic City casino workers union ratified a new contract Monday night with the Golden Nugget Atlantic City.
Things are looking better for Las Vegas these days — visitor numbers, gaming revenues and profits are on the rise after years of brutal recession. But there’s trouble looming on the far side of the globe.