Downtown Project Tuesday morning unveiled a new 44-room, nongaming boutique hotel named Oasis at its Gold Spike property, creating the first hotel in its development portfolio.
Casinos & Gaming
BOSTON — Casino companies that have been awarded licenses in Massachusetts donated $4.5 million this month to a group fighting repeal of the state’s casino gambling law, according to campaign finance records.
A trust set up by the late CEO of casino operator Full House Resorts is siding with a group of shareholders looking to remake the board of the Las Vegas-based company.
Calling their conduct “constitutionally abhorrent,” a federal judge recently chided government prosecutors for working in secret to keep millions of dollars in cash and assets seized from a Las Vegas gambler and his family in a decade-long bookmaking investigation.
A year ago, Las Vegas Sands Corp. was looking to sell its Pennsylvania hotel-casino complex, housed on the historic site of the long-closed Bethlehem Steel Mill. Now, the company is prepared to invest $800 million into the development.
In 2009, MGM Mirage Corp. was downsizing its communications staff as the recession tightened its grip on the company, the gaming industry and the community. Reggie Burton who oversaw corporate and community affairs, decided to start his own boutique public relations and consulting business.
The Trump Taj Mahal may survive after all, but it’s likely to do so with angry employees.
Caesars Entertainment said it would begin talks with bank creditors in order to re-work portions of the casino operator’s $24.2 billion debt.
TRENTON, N.J. — New Jersey is moving ahead with plans to permit betting on sports in the state, and a racetrack said it will start taking bets next weekend. But legal challenges could stall the rollout.
MGM Resorts International said Thursday it agreed to sell the Gold Strike in Jean to JETT Gaming, a company owned by members of the Herbst family.
TOKYO — Japan’s pro-casino lawmakers have agreed to consider setting limits on Japanese nationals’ entry to casinos, bowing to pressure from opponents who threatened to block a legalization bill unless it addressed issues such as gambling addiction.
ATLANTIC CITY — The loss of four casinos began to show up in Atlantic City’s gambling revenues in September, which were nearly 13 percent less than they were a year ago before the lights started going out.
Las Vegas Sands Corp. shrugged off the declining Macau gaming market during the third quarter, saying Wednesday that companywide net income increased 7.2 percent.
The $5.1 billion buyout of slot machine giant Bally Technologies by lottery provider Scientific Games Corp. could lead to a 21 percent reduction in the combined companies’ non-manufacturing and production workforce.
Anyone who has followed Dan Lee over the years understands his motivation in launching a proxy fight for control of regional casino operator Full House Resorts. He sees opportunity.
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