Casinos & Gaming
Nearly two years after closing, the Sahara is getting its face-lift. SBE Entertainment has secured the last piece of the $415 million in financing to transform the Strip resort into the SLS Las Vegas. Work begins today on the 1,620-room hotel-casino, with a planned opening in fall 2014.
Zachary Conine stood among employees, reporters and curious onlookers Tuesday wearing a blue pinstripe suit and bow tie as he cheered the latest step in the two-year redevelopment of the Downtown Grand, formerly the Lady Luck.
Maintain.
The largest stockholder in Affinity Gaming has proposed purchasing all outstanding shares of the Las Vegas-based casino operator at a 22 percent premium over the current value.
MGM Resorts International, which gave up its ties to Atlantic City’s casino market nearly three years ago to settle a dispute with New Jersey gaming regulators, is seeking to regain a piece of the action.
Shares of Full House Resorts Inc. will begin trading Wednesday on the Nasdaq Capital Market after the company approved transferring its stock exchange listing from the New York Stock Exchange.
A former Palms race and sports book employee pleaded guilty Monday in a betting scheme federal authorities say defrauded the resort of more than $800,000.
MADRID — A multibillion-dollar “EuroVegas” casino resort will be built in the outskirts of Madrid, hopefully bringing much-needed jobs and investment, officials from Spain and Las Vegas Sands casinos said Friday.
Nevada Gov. Brian Sandoval is using the low-grade rivalry between Las Vegas and Atlantic City to encourage lawmakers to pass a bill that could expand the state’s online gambling market nationwide.
Nevada’s casino industry posted its third straight annual gaming revenue increase in 2012 as the industry continues its modest recovery amid a sluggish economy.
Ameristar Casinos said Thursday new competition in several regional markets caused a decline in fourth-quarter revenues and profits.
A New York-based investment firm Thursday became International Game Technology’s first outside shareholder to publicly question the slot machine manufacturer’s management decision-making since a proxy fight surfaced last month over the company’s direction.
ATLANTIC CITY – Gov. Chris Christie vetoed a bill Thursday that would have made New Jersey the third state to legalize gambling over the Internet, but said he’d sign it if it had a 10-year time limit and a higher tax rate on casinos.
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