Illinois private equity firm Z Capital Partners withdrew its nonbinding proposal to acquire all of the outstanding common shares of Affinity Gaming.
Casinos & Gaming
On the eve of a contested shareholders meeting, slot machine manufacturer International Game Technology announced an 8 cents per share dividend for stockholders that is payable in a month.
Las Vegas Sands Corp. called media accounts of the company’s self-reporting that it may have violated federal law that bans the bribing of foreign public officials “misleading and sensationalistic.”
Gaming equipment provider SHFL Entertainment said its net income dipped 8 percent in first quarter due to higher operating expenses.
Malaysia-based Genting Group today will announce acquisition of the Echelon site on the Strip and outline plans to build a $2 billion hotel-casino complex on the 87-acre development halted by the onset of the recession almost five years ago.
Online gaming giant PokerStars folded its hand last summer after a 15-month legal battle with the U.S. Department of Justice.
NEWARK, N.J. — Gov. Chris Christie indicated Friday he would appeal a judge’s decision upholding a ban on sports gambling in New Jersey, a ruling that dealt a setback to the state’s efforts to save its struggling casino industry by tapping into a multibillion-dollar market.
William Hill Plc, the owner of 180 sports books and kiosks in Nevada, said Friday it will pay $643 million for full control of its successful online business.
The Las Vegas arena race drew a new deep-pocketed private competitor Friday when MGM Resorts International said it will partner with a powerhouse arena builder and break ground late this year for a new 20,000-seat arena on the Strip without a nickel of public money.
Macau casinos collected $3.4 billion in gaming revenues during February, a 12 percent increase compared with a year ago, according to figures released Friday by the Macau Gaming Inspection and Coordination Bureau.
Approval of Internet gaming bills in Nevada and New Jersey less than a week apart helped fuel investors’ interest in the gaming industry during the last half of February.
Boyd Gaming Corp. agreed to sell its south Florida jai alai facility Thursday for $65.5 million in an all-cash deal with Dania Entertainment, but the company hasn’t given up on owning and operating a casino in the regional market.
For the second time in less than a year, former Sands China Ltd. CEO Steven Jacobs is heading into a sanctions hearing with his one-time employer and affiliate Las Vegas Sands Corp.
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