An impairment charge in the fourth quarter sent M Resort owner Penn National Gaming to a net loss for the three month period.
Casinos & Gaming
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.
Slot machine route operator Golden Gaming announced Monday it will merge with Minnesota-based Lakes Entertainment.
Gaming industry predictions are not exact science.
Las Vegas Sands Corp. Chairman Sheldon Adelson will take over as chief executive of the company’s Macau subsidiary.
The Clarion off the Strip is scheduled to be imploded next month in the early morning hours. Clark County spokesman Dan Kulin said Thursday that the implosion will take place on Feb. 10 between 2-3 a.m.
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