Bills for and against Internet gaming continue to surface in statehouses and Congress, which means more billable hours for the lobbying sector. But so far, the return on investment for casino operators hasn’t been the billion-dollar windfall some predicted.
Slot machine manufacturer International Game Technology, which has corporate headquarters in both Las Vegas and Reno, said Tuesday earnings dropped 66 percent during the second quarter.
New Jersey’s Gaming Enforcement Division has fined two Atlantic City casinos more than $107,000 for a series of violations including improper use of security guards, allowing people who had banned themselves from casinos to gamble, and other transgressions.
The Stratosphere Tower welcomed its 40 millionth visitor Monday, and the guest turned out to be British tourist making his first ever trip to Las Vegas.
A spokeswoman for Deutsche Bank in New York declined comment Monday on an Australian press report that the Cosmopolitan of Las Vegas could be sold to a company controlled by billionaire James Packer.
A New York-based investment fund, which owns 4.4 percent of Pinnacle Entertainment, wants the Las Vegas-based regional gaming operator to spin-off its casinos into a real estate investment trust.
The $415 million SLS Las Vegas has begun hiring to fill 2,700 jobs at the 1,600-room Strip resort that is expected to open Labor Day Weekend.
Convicted slot machine cheat Roderick Dee had just a five-month stay on Nevada’s Excluded Person List, commonly referred to as the Black Book. Dee died in December.
Las Vegas-based MGM Resorts International is asking Massachusetts gambling regulators to slow the process of collecting required state fees for a casino license in the state’s western region as it seeks to open an $800 million casino in downtown Springfield.
MGM Resorts International and the Hakkasan Group on Tuesday announced formation of a joint venture hotel management company called MGM Hakkasan Hospitality that will design, develop and manage luxury nongaming hotels worldwide under four brands.
A New Jersey casino is reimbursing players in a poker tournament that was suspended after counterfeit chips were discovered. More than 2,100 entrants will get $560 from the Borgata Hotel Casino & Spa, and some of the top players will get $19,323 each.
Golden Gaming’s PT’s and Sierra Gold taverns are announcing a marketing agreement with the Hard Rock, where customers of the Southern Nevada locations can use their loyalty points for deals. The partnership is the first of its kind between a traditional tavern operator and a hotel-casino property.
New Jersey casinos brought in 15 percent more from online gambling in March over the previous month, but it wasn’t nearly enough to offset the diminishing revenue from Atlantic City’s long-struggling brick-and-mortar casinos.
Caesars Entertainment Corp. and the New York Mets extended their marketing and promotional agreement through 2018, which gives the casino company a presence at Citi Field, the Major League Baseball team’s home park.
The ink was hardly dry on lottery giant Scientific Games Corp.’s $1.5 billion buyout of slot machine manufacturer WMS Industries when the corporate management team was shaken up with a new CEO and chairman in November. An even larger transition could come later this year.
