A gaming insider whose opinion is respected in the industry has a theory that Massachusetts gambling regulators unknowingly handed some momentum to those who want to overturn the state’s 2011 casino law.
Business Columns
On Monday, the Chinese gaming market was red-flagged when Wells Fargo Securities gaming analyst Cameron McKnight became the latest Wall Street researcher to post warning signals.
New Jersey Division of Gaming Enforcement Director David Rebuck had one fear in restoring MGM Resorts International’s gaming license for its 50 percent interest in the Borgata, a take it and run deal.
Four years ago, Multimedia Games was all but kaput. Six months later, the company changed direction and last week, Las Vegas-based Global Cash Access agreed to pay $1.2 billion for Multimedia Games.
Station Casinos has joined MGM in signing on with the myVegas social gaming site.
The outlook for U.S. slot machine industry continues to be bleak. Analysts said this month the replacement market — in which slot machine manufacturers sell casinos newer games to change out older products — has fallen from previous estimates.
The Claridge is the past and the future of the Boardwalk. The 1920s-era hotel was once the toast of Atlantic City, sitting at the famous intersection of Boardwalk and Park Place.
In the days leading up to the SLS Las Vegas opening, Sam Nazarian’s phone was ringing off the hook. Nazarian, 39, the visionary behind the SLS, quickly learned he had support from the competition for the $415 million renovation of the Rat Pack-era Sahara.
The opening of the Showboat Atlantic City 27 years ago carried the hoopla of a Las Vegas celebration. But on Sunday, the Showboat closed with considerably less fanfare.
The online gaming community believes PokerStars’ planned entrance into New Jersey’s Internet wagering market in October is the fuel needed to kick-start the state’s stagnant gambling activity into overdrive.
Activist investors believe the real estate underneath casinos owned by Pinnacle Entertainment and Boyd Gaming Corp. is key to unlocking hidden value within the Las Vegas-based regional gaming operators.
Borgata, the company’s flagship resort in Atlantic City, may see a revenue boost from a far different means – Atlantic City is shrinking.
Dina Titus introduced a bill last month to repeal the tax on all sports wagers.
A leading gaming executive was asked on background a few months ago if he understood Caesars Entertainment Corp.’s financial maneuverings to restructure the casino company’s $24.2 billion in long-term debt. He just smiled.
James Packer, CEO of Melbourne-based Crown Resorts Ltd., is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.