A plan to let New Jersey casino regulators oversee foreign Internet gambling companies if they shift their operations to Atlantic City moved closer to approval on Monday.
Casinos & Gaming
Slot machine giant International Game Technology announced a new multiyear licensing agreement with Sony Pictures Monday that allows the Las Vegas-based company to use the “Wheel of Fortune” brand on its product lines through 2024.
Nightclub operator Victor Drai spent Friday afternoon touring the site of his 65,000-square-foot rooftop nightclub, day-club and pool deck atop the Cromwell, which overlooks the Strip.
Xyience, the Las Vegas-based energy drink maker, has signed one of the elite rock climbers in the world to help pitch its product. His name is Joe Kinder, a 33-year-old known for his impressive roster of first ascents and route development. He’s been featured in many climbing films and outdoor magazines, and his athletic skills are matched by his artistic pursuits off the rock. He’s also a filmmaker, photographer and painter. He majored in painting at the Maine College of Art in Portland before becoming a rock-climbing rock star.
There is a target on the back of slot machine manufacturer International Game Technology. Despite first-quarter results that were well received by investors, at least two analysts raised concerns in recent weeks that IGT could be bleeding away slot machine market share to the competition.
Million-dollar fines for violating Nevada gaming law used to be rare.
Earlier this month, MGM Resorts International Chairman and CEO Jim Murren participated in the annual J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum at the Mandarin Oriental.
Nevada’s newly christened Internet gaming agreement with Delaware could launch this summer, and Gov. Brian Sandoval said he hopes to add more states to the compact.
MGM Resorts Chairman Jim Murren wants the American Gaming Association to dial down its lobbying and advocacy efforts on behalf of legalizing Internet poker because the activity is splintering the organization.
State gaming regulators signed off Thursday on Caesars Entertainment Corp.’s plan to sell four of its resorts to the company’s Caesars Growth Partners affiliate for $2.2 billion.
The Nevada Gaming Commission on Thursday signed off on a $500,000 fine against the Mandalay Bay but also used the penalty to send a warning to the rest of the casino industry.
Up and down the Strip Thursday, college hoops fans from every corner of the U.S. were checking in to hotels, placing bets at bustling sports books and mixing testosterone with Bud Light and small hills of nachos. It’s big business for Las Vegas’ resort industry.
Early projections of a massive swell of cash from legalized online gaming may have been overly optimistic, but regulation launched a breakthrough in the gambling world, Ultimate Gaming’s top executives said Thursday.
Steve Wynn will have to come up with an extra $525,000 a year if he wants to continue to live at his golf course villa at Wynn Las Vegas.
Las Vegas Sands Corp. Vice President of Government Affairs Andy Abboud was in decidedly unfriendly territory Wednesday during the opening session of iGaming North America at Planet Hollywood. Abboud has been the front person while Las Vegas Sands battled legalizing Internet gaming.
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