CG Technology, formerly Cantor Gaming, and the Nevada Gaming Control Board have reached a tentative settlement over allegations the bookmaker was careless in its oversight of employees.
Casinos & Gaming
Cantor Gaming, a technology and sports book company, is changing its name to CG Technology and expects to seek an initial public offering in the future, the Las Vegas-based company announced Monday.
The American Gaming Association announced a shake-up Monday in its management team, hiring five senior staff members to oversee the Washington D.C.-based trade organization’s marketing communication and policy functions.
Soon, a tiny portion of Trade Center Drive might be renamed.
In a recent research note, J.P. Morgan gaming analyst Joe Greff said MGM Resorts International offers “fresh ideas” for stock investors exploring their options in the new year.
CityCenter will start clearing away loose junk inside the unfinished Harmon Hotel but not taking apart the structure.
MGM Resorts International is hosting a seasonal job fair next week to staff-up for the busy Las Vegas summer pool season. The company will fill some 700 poolside positions — full time and part time — at all of the casino operator’s 12 Strip properties.
Massachusetts’ top gaming regulator personally asked Steve Wynn to stay in the competition for a Boston-area casino license, according to a claim by Caesars Entertainment Corp. Caesars is suing, seeking compensation in the failed bid.
Macau’s casino market smashed records and exceeded even the most optimistic expectations for 2013, collecting more than $45.2 billion in gaming revenues during the year.
The Nevada Supreme Court on Tuesday upheld the dismissal of shareholder complaints against several current and former officers and directors of MGM Resorts International over construction of the CityCenter project in Las Vegas.
Mark Lerner admits he didn’t know much about gaming when he moved to Las Vegas in 1980 to begin his legal career. Now, 34 years later, he considers himself “the most investigated and licensed person on planet Earth” by casino regulators worldwide.
2014 is the fourth year of a five-year grace period New Jersey Gov. Chris Christie has given the seaside gambling resort to reverse its struggling fortunes before he considers expanding casinos to other parts of the state — something casino executives fear will cripple the wobbly market.
Global Cash Access Inc. has renewed its cash services contract with MGM Resorts International, an agreement one analyst believes could be worth up to $8 million in additional revenue in 2014.
Nevada’s casino market grew revenues almost 12 percent during November, the third monthly increase over the past four months.
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