Nevada’s gaming revenue recovery from the recession took a slight setback in 2014, ending a four-year uptick.
Casinos & Gaming
With all eyes on the Super Bowl and the billions of dollars wagered legally — and illegally — on the game, Sen. John McCain says Congress should hold hearings on whether to expand legalized sports betting that now largely is limited to sports books in Nevada.
Slot machine maker International Game Technology said three independent proxy advisory firms voiced their support for the company’s $6.4 billion buyout by Italy-based lottery giant GTECH Holdings.
The owner of the Los Angeles-based Griddle Cafe is closing her location inside the SLS Las Vegas. The restaurant will be replaced by a 24-hour Las Vegas-style coffee shop. SLS officials said the new restaurant will be called Northside Cafe and will open Sunday.
An impairment charge in the fourth quarter sent M Resort owner Penn National Gaming to a net loss for the three month period.
Las Vegas Sands Corp. said Wednesday its Macau business was more than just gaming. The troubled market, which has experienced seven straight monthly gaming revenue declines, hurt Las Vegas Sands’ fourth-quarter earnings. But company Chairman Sheldon Adelson defended the market.
A bankruptcy judge in Delaware ruled Wednesday that the reorganization of Caesars Entertainment Corp.’s largest operating union can take place in Chicago, where the company filed a prepackaged Chapter 11 earlier this month.
Imagine for a moment that Las Vegas-style sports wagering was legal in other states.
The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday.
Blake Sartini said Golden Gaming’s planned transition into a publicly traded company was about timing. So far, his sense of timing has never been questioned. The merger with Minnesota-based Lakes Entertainment will result in the company — recognized as Nevada’s largest slot machine route operator and tavern owner — acquiring a casino in Maryland and assuming Lakes’ listing on the Nasdaq.
Gaming Control Board Chairman A.G. Burnett and Member Shawn Reid were reappointed to new four-year terms Tuesday by Gov. Brian Sandoval.
Slot machine giant International Game Technology said Tuesday revenue and earnings fell in the first quarter despite double-digit increases from the company’s social gaming business.
The chief lobbyist for the casino industry is urging the Senate to gauge Loretta Lynch’s commitment to enforce laws against illegal betting before it votes on her nomination to become attorney general.
The operating unit of Caesars Entertainment Corp. begins an unusual two-day trial on Monday to decide which of two bankruptcy courts will review its $10 billion debt-cutting plan. In some ways, the decision is not just about which judge, but which law will govern.
Lottery giant Scientific Games Corp., which acquired two slot machine manufacturers in the past 18 months, announced Monday it would move its corporate headquarters from New York to Las Vegas.
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