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Strip resorts president West to retire in April

Luxor and Excalibur President Renée West, the first woman ever named president of a Strip resort, will retire in April, MGM Resorts International said Friday.

Judge declines to approve Revel’s proposed sale

Revel’s hard luck continues after a U.S. Bankruptcy Court judge on Friday rejected its agreement for a sale to a Florida developer for $82 million, marking the third failed deal for the shuttered hotel in New Jersey’s struggling seaside resort of Atlantic City.

Hedge fund says bid for Pinnacle real estate too low

The hedge fund that initially sought to move regional casino operator Pinnacle Entertainment into a real estate investment trust said it was encouraged by this week’s acquisition offer from rival Penn National Gaming’s spinoff, but believes the $4.1 billion price was too low.

Riviera announces closure date, time on Las Vegas Strip

The announcement comes shortly after the historic Las Vegas landmark was sold to the Las Vegas Convention and Visitors Authority for up to $191 million in February.

Lower trigger for jackpots seen as costly for casinos

A Wall Street gaming analyst calculated that individual casinos could lose roughly $530,000 per year under a proposed Internal Revenue Service change that would lower the reporting rules for casino customer winnings.

Gloves set to come off in Wynn proxy fight

The brewing proxy fight at Wynn Resorts Ltd. might be more entertaining than “Steve Wynn’s ShowStoppers,” the production of Broadway and movie songs now playing in the Encore Theater.

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