A local real estate developer said Tuesday he acquired majority ownership of the Mardi Gras Hotel & Casino on Paradise Road and plans to redevelop the property.
Casinos & Gaming
Macau, which has driven profits for Wynn Resorts Ltd. since 2006, caused a steep decline in the company’s fourth-quarter earnings.
MGM Resorts International announced plans Monday to deploy a mobile wagering system across 12 of its Nevada resorts later this year.
Macau’s casino industry began 2015 in the same way it ended 2014 — with another monthly gaming revenue decline.
Caesars Entertainment Corp. supports demands by creditors for an independent examiner to review recent deals by the casino company’s bankrupt operating unit, it said in court documents.
Falling gasoline prices and rising consumer confidence potentially add up to good news for regional casino operators. Whether or not this translates into more dollars in casino drop boxes is still up for debate.
Nevada’s gaming revenue recovery from the recession took a slight setback in 2014, ending a four-year uptick.
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.
LISTEN TO THE TOP FIVE HERE
Sponsored By One Nevada Credit Union