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Casinos & Gaming

Phil Ivey says Atlantic City baccarat win was all skill

World-famous poker player Phil Ivey says his disputed $9.6 million baccarat win at Atlantic City’s Borgata casino was all skill, and he’s seeking dismissal of a lawsuit in which the casino accuses him of cheating.

Lake Las Vegas casino delays opening

Newage Lake Las Vegas, which owns Hilton Lake Las Vegas Hotel and Spa, received a three-year extension this week on its conditional-use permit for nonrestricted gaming from the Henderson City Council to find an operator for the casino at Lake Las Vegas, formerly known as Casino MonteLago.

Credit-default swaps buyers hobble Caesars’ turnaround effort

NEW YORK — Caesars Entertainment’s ability to negotiate a debt exchange that keeps it out of bankruptcy is being complicated by a surge in credit-default swaps that would be profitable if the casino operator defaults.

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Regulators: No delay in Boston-area casino process

BOSTON — Boston lost its bid Wednesday to delay the eastern-region casino license process until after November’s vote to repeal the state’s expanded gambling law.

Macau gambling revenue suffers first decline in more than four years

Gambling revenue in Macau fell 3.7 percent in June on an annual basis, the first decline in more than four years, with analysts saying the soccer World Cup had diverted gamblers and their hefty bets away from the world’s largest casino hub.

Westgate CEO plans sweeping changes for newly acquired LVH

The new owner of the LVH-Las Vegas Hotel and Casino has confirmed that David Siegel, king of timeshare developers, has acquired the off-Strip, 3,261-room property. Siegel said Monday he plans to convert a portion of the hotel into a timeshare development.

Caesars Entertainment files 6,000-page application for Caesars New York

Developers hoping to build casinos in New York state used boxes, binders and trucks to submit their proposals to gambling regulators ahead of Monday’s application deadline. Caesars Entertainment filed its 6,000-page application for Caesars New York, about 50 miles from New York City in Woodbury in Orange County.

Gaming Commission loses a legendary chairman

As he was exiting the Sawyer Building’s second-floor hearing room following a Nevada Gaming Commission monthly meeting, Chairman Peter Bernhard was complimented by a state gaming enforcement agent on his handling of individuals and companies seeking licensing approval.

MGM’s plan for north Strip concerts, fairs slated to move ahead

MGM Resorts International’s plan to bring concerts, fairs and other outdoor events to the northern edge of the Strip in hopes of capitalizing on the growth of outdoor-oriented attractions along the resort corridor will move ahead next week.

 
Money disappears, no illusions

Gambling just got a little more magical as prestidigitator David Copperfield unveiled a slot machine in his own image Thursday at the MGM Grand.

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