Gaming news in Las Vegas and Nevada.
Report: Las Vegas Sands won't seek license in Boston area
Las Vegas Sands Corp. on Tuesday became the second Nevada-based casino operator to take a pass on Massachusetts' fledgling gaming industry, saying the number of casinos planned was too many for the overall market. The... 1 comment
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Russian fishing territory angling for chips
A Russian territory best known for fish processing and heavy industry wants to become the next Macau. Nash Dom Primorye, a wholly owned government corporation of the Russian Federation's Primorsky Territory is expected... Add a comment!
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State investigating possible illegal gambling by Whitney Houston's daughter
Late pop superstar Whitney Houston's daughter, 19-year-old Bobbi Kristina, is at the center of an investigation into underage gambling at the MGM Grand last weekend. 5 comments
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Slot machine maker WMS Industries buys Swedish Internet gaming company
Slot machine maker WMS Industries increased its capabilities to provide Internet gaming content and technology by acquiring a Swedish online casino content company. In a statement Monday, the Waukegan, Ill.-based... Add a comment!
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Toledo expected to challenge Detroit as draw for gamblers
TOLEDO, Ohio - To use baseball terminology, the Triple-A city is looking to take business away from the Major League club. Penn National Gaming will open the $320 million Hollywood Casino Toledo in nine days, and the... 1 comment
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Ohio draws comparison to Singapore as fertile market for casino gambling
A lot is riding on the success of casino gambling in Cleveland and across Ohio, which is now the 23rd state with commercial casinos. 5 comments
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Next gaming frontier: Toronto?
Toronto and Singapore are separated by 12 hours and more than 9,300 miles. To the gaming industry, that's where the difference ends. Ever since Ontario government officials suggested in March that Toronto was an ideal... 2 comments
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Analysts mostly positive on Boyd deal
Analysts responded positively Thursday to Boyd Gaming Corp's purchase of Peninsula Gaming, which nets the company five casinos in the South and Midwest. 1 comment
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Riviera on Strip to get $20 million to $30 million makeover
Riviera Holdings Corp. will invest $20 million to $30 million to refurbish the historic Strip hotel, a company executive told the Nevada Gaming Commission on Thursday. Tullio Marchionne, secretary of Riviera Holdings,... Add a comment!
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Okada to get another chance at Wynn Resorts documents
Japanese gambling magnate Kazuo Okada will get another chance to pry business documents out of Wynn Resorts Ltd., in which he was formerly the largest shareholder. 1 comment
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Casino scam suspect held
De Rong Shang has a habit of cheating casinos out of big bucks - now federal authorities say they are looking to break it. The Chinese-born Shang, 50, a Southern California man convicted earlier this year of defrauding... 4 comments
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Boyd Gaming to buy Peninsula Gaming for $1.45 billion
Boyd Gaming Corp., will spend $1.45 billion to acquire the assets of Peninsula Gaming LLC, giving the Las Vegas-based company a presence in Kansas, Iowa and a significant expansion in Louisiana, the company announced... 9 comments
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Aliante Station reports $1.1 million first quarter profit
Aliante Station resort reported a first- quarter profit on Tuesday, which the property in North Las Vegas attributed to the success of its current marketing programs. The property, which was turned over to creditors as... 2 comments
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Cosmopolitan of Las Vegas hit with wage, discrimination lawsuit
Officials with The Cosmopolitan of Las Vegas declined to comment Tuesday on a lawsuit filed by a former hourly employee, who alleges the Strip hotel-casino wrongly terminated her when she was eight months pregnant. The... 10 comments
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Station Casinos has best quarter in three years
Bolstered by improving economic conditions and consumer spending in Southern Nevada, Station Casinos LLC on Tuesday reported its best operating quarter in more than three years as the company earned $6.8 million on... 26 comments
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Long lines greet opening of Horseshoe Casino Cleveland
CLEVELAND - Ohio's first casino opened Monday night with long lines of gamblers ready to roll the dice, a glitzy music video instead of a traditional ribbon cutting and a taste of Las Vegas with two bare-midriff... 7 comments
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Affinity Gaming grows revenues, net income in the first quarter
Casino operator Affinity Gaming grew its net income and revenues in the first quarter, the Las Vegas-based company reported late Monday. Affinity, which was created after the bankruptcy reorganization of Herbst Gaming,... 1 comment
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Gilbert 'rolled the dice' for casino
Dan Gilbert resembled any other casino floor person. 9 comments
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Riviera Holdings Corp. reports $4 million loss in first quarter
Riviera Holdings Corp., parent company of the Riviera on the Strip, said Friday that it lost $4 million in the first quarter, compared with a profit of $82.8 million in the same period in 2011. The profit in the first... 5 comments
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Loveman says Caesars in broad expansion
CLEVELAND - Caesars Entertainment Corp. is "in the middle of a big expansion" and may sell more casinos in crowded markets to finance new properties in less competitive areas, company Chairman and CEO Gary Loveman said... 13 comments
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The Cosmopolitan posts smaller first-quarter loss
The Cosmopolitan of Las Vegas has reported a smaller first-quarter loss, but nongaming revenue at the luxury Strip resort continues to outpace gaming revenue. The Cosmopolitan lost $23.4 million in the first quarter of... 3 comments
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Nevada gaming revenues down nearly 11 percent in March
Nevada gambling revenues totaled $854.5 million in March, a 10.8 percent decline compared with the same month last year. The double-digit decline in revenue was preceded by two months of modest gains. The state posted... 22 comments
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Full House Resorts posts $25.8 million profit
Full House Resorts Inc. on Wednesday posted first-quarter net income of $25.8 million, or $1.38 per share, compared with net income of $1.6 million, or 9 cents a share, for the same period a year ago. The Las... 2 comments
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Nevada gaming regulator to outsource testing
The Nevada Gaming Control Board on July 1 will begin outsourcing pre-approval testing for all gambling devices and associated cashless wagering systems licensed for use by casinos in the Silver State, the agency said in... 4 comments
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Horseshoe-branded casino to open in Ohio
CLEVELAND - Casino gambling comes to Ohio on Monday when a $350 million Horsehoe-branded casino opens in what was once a landmark downtown department store. Caesars Entertainment Corp., which owns 20 percent of the... 2 comments
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Casino company analyst pleads guilty in $860,000 slot scheme
As an analyst for the state's largest casino company, Tony Ahn was a trusted employee who had access to valuable players club information. But federal court documents show that Ahn, 27, betrayed that trust in 2009,... 17 comments
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Nevada, U.S. casinos slowly recovering from recession
The U.S. casino industry continued to show a modest recovery from the recession in 2011 as gaming revenues increased 3 percent nationwide, but downtown Las Vegas and Reno continued their slide down the list of the... 9 comments
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IGT CEO Hart will not stand for re-election to Yahoo board
International Game Technology Chief Executive Officer Patti Hart said Tuesday she would not stand for re-election to her outside board position with Internet giant Yahoo after her board performance and academic... 7 comments
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Gomes, who uncovered Stardust skim, to be Gaming Hall of Fame honoree
ATLANTIC CITY - Dennis Gomes, late owner of Resorts Casino Hotel in Atlantic City, will be inducted into the Gaming Hall of Fame. Add a comment!
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Wynn Resorts halts plans for $1 billion Foxborough casino
Wynn Resorts Ltd. on Tuesday dropped its plan for a $1 billion resort and casino adjacent to Gillette Stadium in Foxborough, Mass., following the election of two anti-gaming candidates to the town council there. "For... 22 comments
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Tony Rodio named CEO of Tropicana Entertainment
Tony Rodio, president of the Tropicana Resort in Atlantic City, has been named CEO of the casino's parent company, Las Vegas-based Tropicana Entertainment Inc. Rodio, 53, will oversee a troubled company with a eight... 1 comment
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Caesars selling St. Louis property to Penn National
Caesars Entertainment Corp. Monday said it will sell its Harrah's St. Louis hotel-casino to regional rival Penn National Gaming for $610 million, leading one analyst to speculate if the transaction would kick-off sales... 5 comments
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Wynn Resorts sees quarterly profits drop
The decision by Wynn Resorts Ltd. to toss former majority shareholder Kazuo Okada out of the company in February sliced into the casino operator's first-quarter profits. But as far as Wynn Resorts Chairman Steve Wynn... 9 comments
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Cantor Gaming debuts new sports book at the Palms
Cantor Gaming on Friday opened its sixth owned-and-operated race and sports book in Las Vegas, a luxury facility at the Palms. The high-end Palms venue is also the first Cantor sports book to include a poker room - a... 11 comments
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Full House Resorts secures $75 million in casino financing
Full House Resorts Inc. said Thursday it would release first quarter earnings next week, as the company gets closer to completing its purchase of the Silver Slipper Casino in Mississippi, after securing $75 million in... Add a comment!
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MGM Resorts sees 'imminent' approval for Cotai Strip
MGM Resorts International told investors Thursday that government approval was "imminent" for the company's plans to develop a hotel-casino on Macau's Cotai Strip. The language used by company executives during a... 23 comments
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Positives seen in Wynn expansion plan
The Macau government's approval of Wynn Cotai was perceived Wednesday as a "meaningful positive" by gaming analysts who believe the company's latest multibillion-dollar resort to be built on 51 acres will help ease... 6 comments
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Ohio regulators license Horseshoe Casino Cleveland
The Ohio Casino Control Commission licensed the Horseshoe Casino Cleveland on Wednesday, allowing the property to open May 14 as the state's first full-service casino. Caesars Entertainment Corp. is 20 percent owner of... 3 comments
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Ameristar Casinos nearly doubles its first-quarter profits
Ameristar Casinos nearly doubled its profits in the first quarter, the company said Wednesday. The Las Vegas-based regional casino operator said its net income for the quarter that ended March 31 was $41.4 million,... Add a comment!
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Macau gaming revenues hit $3.1 billion in April, up 22 percent
Macau casinos collected $3.1 billion in gaming revenues in April, a 22 percent increase over the same month a year ago. For the first four months of 2012, gaming revenues in Macau have increased 25.7 percent, according... 3 comments
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Macau approves $3 billion Wynn Cotai resort
The Macau government has approved a new 51-acre casino resort on the Cotai Strip, a subsidiary of Las Vegas-based Wynn Resorts Ltd. announced late Tuesday. Wynn Macau Ltd. said the government of the Chinese gambling... 28 comments
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Caesars' net loss nearly doubles, but revenues rise
Caesars Entertainment Corp. doubled its net loss in the first quarter, but told investors the results were due largely to a noncash impairment charge covering a canceled casino project in Biloxi, Miss. In Las Vegas,... 11 comments
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Affinity Gaming debt plan leads to rating boost
A bond rating service on Tuesday gave its blessing to plans by Affinity Gaming to raise more than $200 million in new debt that would pay down existing loans. The Las Vegas-based casino operator, which owns the three... Add a comment!
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Tropicana Entertainment posts first quarter loss of $4.8 million
Tropicana Entertainment Inc., the gaming company controlled by investor Carl Icahn, on Tuesday reported a first-quarter loss as its three casinos in Nevada continue to struggle to recover from the recession. The Las... 5 comments
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Pinnacle Entertainment reduces first quarter net loss
Wall Street is looking beyond the quarterly earnings results for regional casino operator Pinnacle Entertainment toward what the company has on the development plate. Las Vegas-based Pinnacle, which posted a... 2 comments
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Dust-up on the Strip: Demolition of parking structure marks new beginning
The old Flamingo parking garage behind O'Sheas was demolished overnight, making way for Project Linq. 11 comments
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Sports betting gets a push in New Jersey
If you thought bipartisanship between Republicans and Democrats in Congress was gone forever, you'd be wrong. Reps. Frank LoBiondo, R-N.J., and Frank Pallone Jr., D-N.J., announced a unique partnership on Monday to... 2 comments
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Lawsuit over Kerkorian oil investment settled
A lawsuit over a failed oil company investment by Kirk Kerkorian's Tracinda Corp. - one that started with a personal poke at former longtime friend Edward "Tiger" Mike Davis - has settled quietly on undisclosed terms. Add a comment!
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One last blast at O'Sheas
At around 2 a.m. Tuesday, the old Flamingo parking garage behind O'Sheas will be imploded to make way for Project Linq. 1 comment
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Good-bye Sahara, hello SLS Las Vegas
Goodbye Sahara, hello SLS Las Vegas. Think of this as an implosion without the dynamite. Sahara owners SBE Entertainment of Los Angeles and San Francisco-based private equity group Stockbridge Real Estate said Monday... 37 comments
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Gaming stocks gain for fourth straight month
It's early in the quarterly earnings season, but initial reports have given a boost to the gaming sector. For the fourth consecutive month, gaming stocks - on a whole - gained in value, according to Las Vegas-based... Add a comment!
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Poker icon 'Amarillo Slim' Preston, 83, dies
Poker legend "Amarillo Slim" Preston, who dominated the tables long before the game's massive growth in popularity, died early Sunday morning after a long illness at the age of 83. 6 comments
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Gaming Control Board names three new division heads
The Nevada Gaming Control Board has appointed three new division chiefs to replace resigning and retiring employees. Board Chairman Mark Lipparelli said Friday that Jim Barbee will lead the Technology Division, Brian... 3 comments
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O'Sheas to raise final toast to current home on Strip
O'Sheas Casino will end its current existence on the Strip at noon Monday. Roughly 14 hours later, the real action begins. The 22,000-square-foot standalone casino, which does not have hotel rooms and opened in 1989,... 4 comments
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Slot points for spinach? Golden Gaming will try it
Slot points for steaks, seafood and spinach? Golden Gaming is about to make that possible by giving grocery store slot players their own rewards club. 4 comments
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Alamo reappointed to second term on Nevada Gaming Commission
Las Vegas physician Tony Alamo Jr. was reappointed Friday to a second four-year term on the Nevada Gaming Commission by Gov. Brian Sandoval. Alamo's new term expires at the end of April 2016. He was first appointed to... 2 comments
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Sands boss Sheldon Adelson says he learned on the fly
It's not every day that the nation's seventh-richest billionaire tells college students the secret of his success was "never knowing anything" about the businesses in which he got involved. 4 comments
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Bally Technologies' $228.6 million third-quarter revenues a record
Bally Technologies Inc.'s focus on producing video slot machines featuring pop icons such as Michael Jackson and the Beach Boys helped the game manufacturer post record quarterly earnings and revenues. 1 comment
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Pinnacle plans to purchase majority stake in Texas racetrack
Regional casino operator Pinnacle Entertainment announced Thursday it will acquire a 75.5 percent interest in a Texas racetrack for $22.8 million. Add a comment!
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Asia properties boost Las Vegas Sands
Roughly 83 percent of Las Vegas Sands Corp.'s $2.76 billion in first-quarter revenues came from the casino operator's holdings in Asia. Don't expect that to change anytime soon. During a conference call with analysts... 4 comments
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Plaintiffs agree to arbitration, suspend lawsuits against Adelson
Agreements have been reached to suspend legal proceedings in three federal lawsuits against casino billionaire Sheldon Adelson and his companies. Both sides plan to resolve the disputes through binding arbitration. 3 comments
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High court hears appeal of tribal casino lawsuit
WASHINGTON - Several Supreme Court justices seemed troubled Tuesday at the thought of letting a lawsuit move forward that aims to shut down an already opened tribal casino in southwestern Michigan. Add a comment!
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PokerStars in settlement talks with prosecutors
Online gaming giant PokerStars, whose access to American customers was cut off by a federal indictment, is in settlement talks with prosecutors. Meanwhile, a deal involving a French investment group's effort to buy... 6 comments
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IGT increases second-quarter revenues with interactive help
Tucked within International Game Technology's second-quarter earnings report were a few sentences about the company's interactive gaming business results. It may be too early to attach a qualitative figure, but the... 1 comment
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Borgata, new acquisition help drive Boyd profits
Boyd Gaming Corp. on Tuesday reported a first-quarter profit of $5.8 million, or 7 cents a share, bolstered by strong performances from the Borgata in Atlantic City and the recently acquired IP Casino Resort Spa in... 5 comments
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Questions prevail at workshop on sales tax on comped meals
CARSON CITY - There were more questions than answers Monday during a Department of Taxation workshop on taxing complimentary meals given to casino patrons and employees. The department said earlier this year it would... 3 comments
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Moody's downgrades Riviera Holdings, cites earnings decline
Moody's Investors Services on Monday downgraded Riviera Holdings Corp.'s company and debt ratings and placed the gaming company on review for further possible action, citing a $2.5 million year-over-year decline in... Add a comment!
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Slot makers preparing for Internet gaming
International Game Technology is poised to premiere "American Idol" on Facebook, and wants players to one day wager on the interactive version of its slot machine on the Internet. While state and federal lawmakers inch... 4 comments
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Gaming expansion elsewhere lifts Las Vegas
Before the economy tanked and the Strip's building boom went bust, the development of multibillion-dollar hotel-casino projects centered on Las Vegas. Not anymore. Consider these facts and events: ■ The most... 6 comments
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Buyer says sports book application moving ahead
British bookmaker William Hill PLC said it is confident about its prospects for the year ahead as it reassured analysts on Friday that gaming regulators would approve the company's $53 million purchase of three sports... Add a comment!
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Few Macau travel restrictions seen in near future
Airline service between Macau and Vietnam and additional ferry routes connecting the gaming enclave and Hong Kong might be a signal the special administrative region's government isn't planning on instituting travel... Add a comment!
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Chairman likes M Resort publicity in GSA scandal
The chairman of Penn National Gaming has one regret about the controversy surrounding the General Services Administration's taxpayer-funded $823,000 junket to Las Vegas that was held at his company's M Resort. The... 9 comments
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Pennsylvania sets mark for gross table game revenue
Pennsylvania set an all-time high for gross revenue from table games last month, figures bolstered by the opening of the state's 11th casino. Add a comment!
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Edwin Silberstang, author and gambling expert, dies
Edwin Silberstang, author of popular gambling books and novels, died Tuesday at his home in Henderson after a long battle with Parkinson's disease. He was 82. Silberstang wrote more than 50 books, including such... Add a comment!
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Report: Wynn Cotai deal sealed
Wynn Resorts Ltd. shares rose almost 5 percent Wednesday after a report that the owners of the Wynn Las Vegas and Encore casinos in Macau may sign a land contract for a proposed resort in Cotai by the end of the... 6 comments
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CityCenter developers cut prices on high-rise condos
CityCenter developers are announcing a renewed effort to sell high-rise condominiums at the Strip development , discounting prices by about 25 percent in hope of jump-starting an otherwise stagnant market. The... 14 comments
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British bookmaker's push for Nevada gaming license delayed
Is William Hill PLC's $53 million investment in Nevada in trouble? No. But the British bookmaker's efforts to gain a Nevada gaming license have been delayed, despite previous expectations that regulators would vote in... 2 comments
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With casino openings, Ohio girds itself for the con artists
Ohio is ready to do battle with the con artists expected to arrive with the opening of the state's first casinos next month. 2 comments
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LVH struggles without Hilton
The LVH-Las Vegas Hotel & Casino management expects operating deficits through the end of this year as it works to fill the hole in its customer base created by the loss of the Hilton franchise. 32 comments
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Boyd mining social media, games
Boyd Gaming is enticing Farmville fans to abandon their virtual crops in favor of real-life prizes. The Las Vegas-based gaming company, which owns 17 casinos in Nevada, Mississippi, New Jersey, Louisiana, Indiana and... 3 comments
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Poker lobbying group marks Black Friday anniversary
The Poker Players Alliance on Friday reminded poker players that its lobbying campaign to organize gamblers is running out of time as the one-year anniversary of Black Friday's seizure of several of the most popular... 3 comments
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Money shrinks for problem gamblers
Treatment programs for gambling addicts in the nation's casino capital were dramatically reduced last year as Nevada lawmakers looked for ways to cut funds and close a historic budget deficit. As a result, Nevada in... 5 comments
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Michael Gaughan III plans to unify resort operations
For the past decade, the Rampart Casino and JW Marriott Resort and Spa in Summerlin have operated as two distinct entities. 8 comments
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Regulators warn day-pool, club operators
The Gaming Control Board has issued a warning to Las Vegas hotel-casinos regarding pool parties and nightclubs allowing underage guests, misquoting entrance fees, drugs, prostitution and other problems. "Anticipating... 5 comments
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WSOP $1 million charity tournament will produce richest prize ever
The World Series of Poker's never-before-seen $1 million buy-in tournament is expected to generate the richest prize in poker history with the winner claiming more than $12 million. Series officials announced Thursday... 1 comment
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Gaming stocks gain as Sands Cotai opens
Gaming stocks posted modest gains Wednesday as the Las Vegas Sands Corp. celebrated the opening of its $4.4 billion Sands Cotai Central casino resort in Macau. Las Vegas Sands, Wynn Resorts and MGM Resorts all operate... 1 comment
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Judge tosses petition to increase gaming tax
A district judge in Carson City threw out a petition that would have allowed the state to increase the gaming tax on casinos to 9 percent as early as 2015. 19 comments
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J.P. Morgan analyst tweaks Bally Technologies earnings estimates
J.P. Morgan gaming analyst Joseph Greff on Wednesday revised his earnings estimates for Bally Technologies Inc., citing slot machine shipments to Ohio casinos that were expected to be realized one quarter later than... Add a comment!
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Sands' $4.4 billion Macau resort opens today
MACAU -- Las Vegas Sands' Macau casino operator today opens its long-delayed fourth resort, a $4.4-billion complex that is its latest bet on continued strong growth in the world's biggest gambling market. Sands China... 9 comments
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Nevada reports gaming revenues of $932 million for February
Nevada gambling revenues increased 5.7 percent in February to $932 million, a figure greeted by analysts as "solid progress" despite a weaker convention calendar and Chinese New Year falling in January. The modest... 15 comments
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Workers from main Atlantic City casino union picket Tropicana
ATLANTIC CITY -- Thousands of workers from the main Atlantic City casino union picketed outside and around the Tropicana Casino and Resort on Thursday night, trying to fend off an attempt by the Carl Icahn-owned casino... 8 comments
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Las Vegas Sands names global operations executive
Las Vegas Sands Corp. has brought in a long-time hotel executive to fill newly created position overseeing the company's property operations in Las Vegas, Macau, Singapore and Pennsylvania. Chris Cahill, who spent two... 1 comment
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Cantor Gaming to operate Palms' poker room
The Palms has a long-term agreement with Cantor Gaming to operate a poker room within its sports book, which is currently under construction, officials said Wednesday. Terms of the deal were not disclosed. Cantor... 3 comments
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Ratings assignment marks sign of Sahara rebirth
A ratings assignment by Moody's Investors Service on a proposed $300 million in debt being floated by the owners of the closed Sahara marked an initial sign of rebirth for the shuttered hotel-casino. The ratings... 21 comments
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Pennsylvania cements status as No. 2 gambling market in U.S.
PHILADELPHIA -- Pennsylvania's 11 casinos pulled in more than $233.1 million in gross slot machine revenue last month, setting an all-time monthly high since the state's first casino opened in November 2006 and... 3 comments
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Full House Resorts shares soar after casino deal announced
Shares of Full House Resorts Inc. gained more than 5 percent Tuesday after the gaming company announced it would buy a 5-year-old Mississippi casino for $70 million. The Las Vegas-based company, which develops and... 2 comments
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Affinity Gaming turns small quarterly profit
Las Vegas-based Affinity Gaming, which is refocusing itself as casino operator in four markets, grew revenues and turned a small profit in the 2011 fourth quarter, the company said in statement Tuesday. Affinity,... Add a comment!
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Caesars sells part of interactive gaming subsidiary
Caesars Entertainment Corp. sold an undisclosed percentage of its interactive gaming subsidiary to its partner in two Ohio casinos for $60.8 million, the company disclosed late Monday. In a filing with the Securities... Add a comment!
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Macau gaming revenues hit $3.12 billion in March
First-quarter gaming revenues produced by Macau's casino market is up 27 percent over 2011, a year in which the Chinese gaming enclave's 34 gambling halls had a 12-month total of $33.5 billion. Macau's Gaming... 2 comments
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Gamblers greet new Atlantic City casino
ATLANTIC CITY -- The sun rose on a new era in Atlantic City on Monday as the $2.4 billion Revel hotel-casino opened its doors with a blueberry smoothie toast at sunrise and a rush of gamblers eager to try out the city's... 2 comments
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Full House Resorts closes on casino-management contract sale
Full House Resorts Inc. said Monday it had closed on a $97.5 million sale of its interest in the FireKeepers casino management contract. The Las Vegas-based casino management company used a portion of the proceeds to... 1 comment
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Singapore exercising care with junkets
Junket businesses and their access to high-end gamblers are just what Singapore casino operations need. I'm being somewhat facetious. It's not like the island-nation's two casinos are hurting for customers. Last... 3 comments
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Mississippi casino closes abruptly pending foreclosure
Vicksburg's Grand Station Casino was abruptly shuttered Wednesday, leaving 230 employees without jobs. 2 comments
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March mixed for gaming stocks
Publicly traded gaming companies gave investors a slew of mixed messages during March. The average daily share price for two casino operators that derive most of their revenues from Asia blossomed during the month.... 1 comment
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California man convicted in scam of Las Vegas casinos
A Southern California man has been convicted in federal court of defrauding several local casinos out of $1 million in an elaborate casino credit scheme. De Rong Shang, 50, was convicted this week of one count of... 11 comments
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Station has quarterly loss, though revenue up
Station Casinos LLC said Thursday that its revenues were higher and operations at its casinos in Southern Nevada continue to improve, but not enough for the locals gaming company to turn a profit for the fourth quarter... 16 comments
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Investors in Louisiana join case against Wynn Resorts
The litigation surrounding Wynn Resorts Ltd. has gained another entrant. 8 comments
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Nevada urged to move on Web gaming market
Paul Mathews Jr. cut to the heart of what members of the governor's Gaming Policy Committee hope to address over the next five months: Nevada needs to capitalize on the rapidly changing Internet gaming market. Online... 19 comments
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Leroy's sports betting app for iPad released
American Wagering Inc.'s iPad application that lets state residents and visitors to Las Vegas place sports wagers from their tablet computer has been approved by Nevada gaming regulators and Apple Inc., a company... 1 comment
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Adelson's dream of 'Eurovegas' giving some in Spain nightmares
MADRID -- A Euro Vegas in down-and-out Spain? Depending on whom you ask, it could be heaven-sent or a deal with the devil. Sheldon Adelson's dream to build Europe's first Las Vegas-style resort in Spain would... 2 comments
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Station Casinos, Henderson settle Roadhouse dispute
Plans to renovate and reopen the Roadhouse Casino remain on hold after Station Casinos LLC settled a lawsuit involving the city of Henderson. Sunset Station LLC had filed a lawsuit claiming city officials unlawfully... 32 comments
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MGM Resorts still looking for Massachusetts casino site
MGM Resorts International has abandoned a proposed casino site in Massachusetts, but plans to seek alternative location in the western part of the state. In a statement, the casino operator said there were "too many... 5 comments
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Slot machine maker WMS files for Nevada online gaming license
Slot machine maker WMS Industries said Tuesday it has applied for an interactive gaming license with Nevada. WMS joins the more than two-dozen casino operators and gaming equipment manufacturers that have filed... 1 comment
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Las Vegas Sands faces new case over investor stock losses
Securities attorneys will take another shot at top officers and the board of directors Las Vegas Sands Corp. 2 comments
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Revel gets Atlantic City casino license
ATLANTIC CITY -- Revel, the $2.4 billion Atlantic City hotel-casino that almost didn't get built, cleared its final major hurdle on Monday. The New Jersey Casino Control Commission approved a casino license for the... 1 comment
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Barron's drops Steve Wynn from top CEO list
Las Vegas casino developer Steve Wynn isn't wanted in the Philippines or Singapore. Now it seems the CEO of Wynn Resorts Ltd. is no longer considered one of the world's top chief executives. Barron's, the... 13 comments
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Las Vegas man pleads guilty in online poker case
NEW YORK -- A Las Vegas man nearing trial in a case that shut down U.S. operations for three Internet poker companies has pleaded guilty in New York. Chad Elie entered the plea in federal court on Monday. The plea... 1 comment
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Las Vegas visitor profile: Little more spending but cautious on gambling
The annual Visitor Profile Study shows that tourists' spending on things besides gambling went up in 2011, continuing an upward trend that began taking shape in 2010. But the money tourists told researchers they... 17 comments
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Hard Rock Hotel launches rewards program
The Hard Rock Hotel launched a rewards program this week with a name that describes what its music-loving customers most covet: a Backstage Pass. The new system lets Hard Rock customers earn points for every dollar... 7 comments
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First meeting of state Gaming Policy body scheduled
The revived Gaming Policy Committee, a panel that will advise the governor and state lawmakers on technological advances as applied to the gambling industry, will hold its first meeting Wednesday in Las... 4 comments
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MGM Resorts International's creditworthiness strengthened
MGM Resorts International completed a public offering of $1 billion in unsecured bonds Thursday, with the casino operator collecting $985.9 million in net proceeds. The notes, issued at a 7.75 percent interest rate and... Add a comment!
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Union chief considers national boycott of Station Casinos
The president of the national AFL-CIO said a nationwide boycott of Station Casinos is under consideration, but stopped just short of calling for one at a Thursday news conference in Las Vegas. 40 comments
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Parent of Stratosphere, Arizona Charlie's trims net loss
Officials for the company that operates the Stratosphere and the two Arizona Charlie's casinos reduced their net loss in the fourth quarter that ended Dec. 31. American Casino & Entertainment Properties, which also... 2 comments
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Jimmy Buffett OK'd for gaming license
Singer Jimmy Buffett is famous for his sun-soaked songs about tropical drinks and adventures at sea, but the bespectacled entrepreneur was all business when he appeared Thursday before the Nevada Gaming Commission. 3 comments
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Beneficial applies for Nevada gaming license
Beneficial Holdings Inc. is the latest company to apply for a gaming license from the Nevada Gaming Control Board that will allow them to offer online gambling in the Silver State, the hotel-casino operator said Tuesday.... Add a comment!
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Cantor Gaming now accepting credit, debit cards for wagering
Cantor Gaming, which operates seven race and sports books in Las Vegas, has become the first and so-far only such operation to accept credit and debit cards to fund wagering accounts, a company executive said... 4 comments
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New Orleans developer makes offer for Grand Station Hotel
A New Orleans developer says he has offered to buy the Grand Station Hotel. Add a comment!
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Golden Gate renovations include expanded casino floor; new lobby next
Visitors to the Golden Gate in downtown Las Vegas on Monday caught first glimpses of the casino's makeover with final touches planned to be complete by early summer. 6 comments
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Strip gaining in economic recovery, Moody's says
The Strip is "gaining traction" in its economic recovery, but rising fuel costs could set back any financial healing in the market, an analyst for bond rating agency Moody's Investors Service said. In a report released... 11 comments
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Wynn-Okada legal battle highlights once-obscure federal law
The legal battle between Wynn Resorts Ltd. and Kazuo Okada, the Japanese billionaire who financed the business 12 years ago and recently was ousted as a director and shareholder, is more than just a fight over control... 7 comments
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Sisters' urban lounge dream hits snag in gambling regulation feud
When the city of Las Vegas decided to waive hefty liquor license fees for people willing to open a tavern in the burgeoning Arts District, it was as if fate had smiled on Pam and Christina Dylag. 27 comments
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Spaniards protest creation of Las Vegas-style casinos
MADRID -- Around 200 people in downtown Madrid are protesting a project that aims to build six casinos and 12 hotels and create jobs in a country where unemployment is more than 20 percent. 1 comment
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Palms announces closing of Playboy Club
The Playboy Club, a fixture of the club scene at the Palms in Las Vegas for six years, will close for undisclosed reasons, the resort said Friday. "After a strong six-year run, the Palms Casino Resort and Playboy... 14 comments
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Oh, the madness: Casino activity thrives on NCAA Tournament
There was a time when Greg Devitt of California had to wake up at 3:30 a.m. just to secure a seat in the Caesars Palace sports book to watch the opening rounds of the NCAA Tournament. 5 comments
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Las Vegas company acquires firm to become R&R Denver
Las Vegas advertising-public relations giant R&R Partners has acquired a Denver-based communications and consulting firm that will become the company's seventh office. R&R said Thursday it bought Phase Line Strategies... Add a comment!
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MGM Resorts International raises $1 billion in unsecured 10-year bonds
MGM Resorts International issued $1 billion in unsecured 10-year bonds Thursday at the lowest interest rate the company has seen since 2007. The transactions marked the first time since the recession the company did not... 1 comment
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Hearing about demolishing Harmon Hotel to resume in July
The expanding range of legal issues attached to the proposed demolition of the Harmon Hotel added nearly two months to the hearing schedule in just one day. Add a comment!
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Caesars Entertainment plans new stock offering
Caesars Entertainment Corp. on Thursday filed paperwork with the Securities and Exchange Commission to sell as much as $500 million in shares of common stock. Based on Thursday's closing price of $12.52 per share,... 2 comments
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Temporary fix to Harmon would cost $2 million, contractor says
At a Wednesday hearing over whether to raze the unfinished Harmon Hotel, Perini Building Co. unveiled a temporary $2 million fix to keep it standing in the event of a serious earthquake. 12 comments
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Ameristar Casinos acquires Dan Lee's Lake Charles, La., casino project
The acquisition of a proposed hotel-casino project in Lake Charles, La., by Las Vegas-based Ameristar Casinos all but assures the estimated $500 million development will be completed, analysts said Wednesday. The... 1 comment
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Bank seeks receiver for Jerry's Nugget after loan default
U.S. Bank has asked a judge to appoint a receiver to take control of Jerry's Nugget, a North Las Vegas casino known for its bakery and locals-friendly atmosphere. In the complaint filed March 6 in state court, U.S.... 1 comment
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IGT in deal to provide Italian Lottery machines
Slot machine giant International Game Technology struck a deal with an Italian company to provide the Italian Lottery with video gaming devices and slot machine content. The transaction, which was announced Tuesday... Add a comment!
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Wynn Resorts Ltd. says Okada countersuit doesn't deny allegations
Wynn Resorts Ltd. said Tuesday that Kazuo Okada's counterlawsuit doesn't contain any meaningful denial of the allegations that he and one of his companies made improper payments to Philippines gaming... 1 comment
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Gimme a D: Fitzgeralds taps new name for rebranding
Fitzgeralds' rainbow marquee will soon disappear. Just in time for St. Patrick's Day, the Irish-themed Fremont Street property is changing its name to The D Las Vegas. 17 comments
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Hearing to decide fate of unfinished Harmon gets under way
The hearing over what to do with the unfinished Harmon Hotel began Monday with a legal nod toward Las Vegas' penchant for spectacular implosions. 11 comments
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Okada disputes Wynn's right to redeem shares
The legal battle between Steve Wynn and Kazuo Okada, Wynn Resorts Ltd.'s largest shareholder, escalated Monday as Okada countersued in federal court in Las Vegas, alleging the company's board of directors violated... 8 comments
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It's curtains for Atlantic City casino trains
ATLANTIC CITY, N.J. -- It's the end of the line for an express train whisking gamblers from New York City to Atlantic City. The ACES train never made money in its three years of existence. On Friday, the three casinos... 4 comments
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Union urges inquiry into Las Vegas casinos, Macau junket operators
The International Union of Operating Engineers is calling on Nevada gaming regulators to investigate the increasingly profitable business relationship between Las Vegas-based casino companies and junket operators in... 8 comments
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Okada wins right to see some additional documents
Wynn Resorts Ltd. dissident director and former shareholder Kazuo Okada won the right Thursday to see two more pages of corporate records concerning the company's $135 million donation to the University of Macau, but... 3 comments
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O'Sheas employees learn casino to close in 60 days
Employees of O'Sheas were officially told this week the tiny Strip casino would be closing in 60 days. Caesars Entertainment Corp., which owns O'Sheas, announced last summer the casino would be demolished as part of... 7 comments
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Nevada gaming revenues top $1 billion for first time since '08
They're not throwing cold water on the first time in more than three years that Nevada casinos have collected more than $1 billion in gaming revenues in a single month, but analysts want to see February's gaming... 25 comments
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Singer Jimmy Buffett recommended for license by Nevada gaming regulators
Singer Jimmy Buffett spent roughly 15 minutes penning the lyrics to "Margaritaville" back in 1977. It was time well-spent. The song, about a man finding solace in "that frozen concoction that helps me hang on'' after... 13 comments
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Wynn Resorts plans vote to remove Okada
Wynn Resorts Ltd. said Wednesday it plans a special shareholders' meeting to vote on removal of Steve Wynn's former business partner, Kazuo Okada, as a board member. The meeting follows Wynn Resorts' announcement last... 1 comment
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Hearing delayed on Cosmopolitan owner's request to deregister as public company
The Nevada Gaming Control Board on Wednesday delayed a hearing on a request by the parent company of The Cosmopolitan of Las Vegas to de-register as a publicly traded company. Chairman Mark Lipparelli referred the item... 5 comments
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Indian tribes concerned about state efforts on online poker
American Indian tribes may not benefit from state-regulated online poker laws. While seemingly everyone at iGaming North America was busy wondering if and when online poker may be legalized on an intrastate basis,... 4 comments
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Bally, Aristocrat strike deal for Net poker
Slot machine makers Bally Technologies and Aristocrat Technologies will team up to capitalize on the potential for legalized Internet gaming in the U.S. The companies on Tuesday jointly announced a deal to offer the... Add a comment!
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Okada's Manila tour a defining moment in feud with Wynn
HONG KONG -- Steve Wynn stepped off his private jet at Manila airport in June 2010 to be greeted by the Philippines gaming regulator. On the tarmac, too, in black wraparound sunglasses and trademark 1950s-style,... 24 comments
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Indian gaming revenues rise by 1.3 percent
Following a one-year slide, gaming revenues produced by the nation's Indian casino market grew 1.3 percent in 2010 to $26.73 billion, the highest single-year figure ever produced by the segment of the American gambling... 1 comment
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Management company applies to run gaming operations at Westin Las Vegas
A Las Vegas casino management company has applied with state regulators to take over gaming operations at the off-Strip Westin Las Vegas on East Flamingo Road. The 18,000 square foot Casuarina Casino now has 262 slot... Add a comment!
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Landry's Inc. buys Biloxi casino, will rebrand casino as Golden Nugget
The Golden Nugget brand is expanding to Biloxi, Miss. Golden Nugget owner Landry's Inc., which has casinos in Las Vegas, Laughlin and Atlantic City, announced plans Monday for its Golden Nugget Biloxi subsidiary to... 1 comment
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Wynn Resorts announces $900 million private offering
Wynn Resorts Ltd. said Monday it will issue $900 million in first mortgage notes due in 2022. The notes will be offered to only qualified institutional buyers and outside the U.S. in accordance with securities law, the... 6 comments
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Shuffle Master agrees to acquire provider of online poker products
Shuffle Master Gaming announced Monday it agreed to acquire Ongame Network Ltd., a European-based provider of online poker products, for almost $28.5 million. The Las Vegas-based table game and gambling equipment... Add a comment!
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Golden Gaming now Nevada's large slot-route operator
A single transaction changed the business model of Golden Gaming Inc. The privately held Las Vegas-based company is still Nevada's largest tavern operator, with 40 restaurants under three brands in Las Vegas and... Add a comment!
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Wynn details casino envisioned near Patriots' home
BOSTON -- Las Vegas casino owner Steve Wynn unveiled details Friday of a proposed Massachusetts resort he hopes to develop near the home of the New England Patriots. Add a comment!
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States want Internet gaming left to them
The National Conference of State Legislatures is opposing federal legalization of Internet poker, telling congressional leaders in a letter that the matter should be handled on the state level. Two state lawmakers,... Add a comment!
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Wynn stock trades higher even after mistaken filing
Wynn Resorts Ltd. shares closed higher Friday even after the gaming company had to retract a regulatory filing that said it had approval for a major new resort in Macau. 15 comments
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Caesars expands Total Rewards program
Buying a pair of jeans from Target or a flat-screen TV from Best Buy now will earn Caesars Entertainment Corp. customers points that can be redeemed at any of the company's 40 properties nationwide. 9 comments
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Macau gaming revenues hit $3.04 billion in February, up 22 percent
Macau gaming regulators said casino revenues in the special administrative region increased 22 percent during February, despite a calendar shift that moved Chinese New Year to January. Macau casinos, including... 8 comments
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Las Vegas gaming companies complete transactions involving casinos, slot machine routes
A transaction and asset swap involving three Las Vegas gaming companies was completed Thursday. Affinity Gaming -- which had been known as Herbst Gaming before it was restructured in a bankruptcy reorganization last... Add a comment!
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Philippines wants to 86 Steve Wynn
Las Vegas casino mogul Steve Wynn might soon be banned from the Philippines. On Monday, a House of Representatives committee in Manila voted to ban the CEO of Wynn Resorts Ltd. from doing business there. Politicians and... 88 comments
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Epic Poker League company files for bankruptcy
The company that owns and manages the upstart Epic Poker League has filed for Chapter 11 bankruptcy reorganization. Federated Sports + Gaming, a company started by former World Series of Poker Commissioner Jeffrey... 4 comments
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Nearly all gaming stocks gained during February
Investors came home in February. The average daily stock prices for nine of the 10 publicly traded gaming companies tracked by Las Vegas-based financial consultant Applied Analysis increased during the month. Only... 1 comment
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Full House Resorts sells management contact for $97.5 million
Full House Resorts Inc. has sold its FireKeepers casino management contract for $97.5 million, a deal that will allow the Las Vegas-based company to pay off its outstanding corporate debt. As of Sept. 30, Full House... 2 comments
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Family of Hard Rock exec who committed suicide sues drug company
Relatives of Hard Rock Hotel executive Randy Kwasniewski, who committed suicide in March 2010, filed a wrongful death lawsuit Wednesday against the company that manufactures the sleeping pill Ambien. The lawsuit... 46 comments
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Caesars Entertainment reports $220.6 million loss in fourth quarter
Despite increases in revenues and operating income, Caesars Entertainment Corp. suffered a $220.6 million net loss in the fourth quarter, due in large part to higher interest expenses. The Las Vegas-based casino giant... 11 comments
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Internet poker exec pleads guilty, faces 30-year sentence
A minor player in last year's federal crackdown on U.S. Internet poker pleaded guilty to money laundering, fraud, and gambling offenses Tuesday in federal court in New York . Ryan Lang, 37, a Canadian who worked... Add a comment!
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Kerkorian sells 20 million MGM shares, nets $268 million
Billionaire financier Kirk Kerkorian continued a slow-paced dispersal of his holdings in casino giant MGM Resorts International, selling 20 million shares of the company he founded for $268 million. In a filing with... 15 comments
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MGM Grand starts remodeling after nearly eight-year delay
So there's no confusion, the temporary hotel room in the lobby of the MGM Grand is not available. Besides, there isn't a bathroom. But the mock-up serves a purpose, said MGM Grand President Scott Sibella. It tells... 1 comment
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Report: Kerkorian to sell 20 million MGM Resorts shares
Billionaire financier Kirk Kerkorian is preparing to sell 20 million shares of MGM Resorts International through his privately held Tracinda Corp., Bloomberg News Service reported Monday night. 4 comments
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UK bookmaker William Hill scores big with online bets
William Hill PLC, a British land-based and online bookmaker, generated $1.79 billion in revenue in 2011, a 6 percent year-over-year increase. Operating profit for 2011 totaled $432.9 million, the company said... Add a comment!
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Okada keeps eyes on Philippines project
MANILA, Philippines -- Japanese billionaire Kazuo Okada, accused by Wynn Resorts Ltd. of making improper payments to Philippine gambling regulators, said he will "vigorously" pursue his $2 billion casino project in the... 4 comments
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Report: Philippine leader orders inquiry of Okada, gaming regulator
Philippine President Benigno Aquino on Friday ordered an inquiry into the relationship between casino executive Kazuo Okada and the nation's top gaming regulators after the Japanese billionaire was removed as a... 5 comments
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Gaming figure Dennis Gomes dies; he ran casinos in Las Vegas and Atlantic City
Dennis Gomes had a 40-year gaming industry career worthy of a screenplay. So it made perfect sense that when Gomes sat down with author Nicholas Pileggi to relate stories about his dealings in gaming enforcement and... 3 comments
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Wynn casino board removes former partner Okada
Wynn Resorts Ltd. CEO Steve Wynn has ousted his former business partner Kazuo Okada from the board of the Wynn Macau casino. 10 comments
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Golden Gaming's purchase of slot route, Pahrump casinos gets OK
Golden Gaming Inc.'s purchase of Affinity Gaming LLC's slot machine route and two casinos in Pahrump was approved Thursday by the Nevada Gaming Commission. The commission's decision makes Golden Gaming of Las Vegas the... 4 comments
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To ready itself for Net gaming, Bally acquires Internet gaming platform
Slot machine giant Bally Technologies said Thursday it acquired an Internet gaming platform from a European company that it plans to use to help its casino customers enter the online gaming world. The transaction,... Add a comment!
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Hearing in Wynn-Okada legal battle postponed two weeks
Wynn Resorts Ltd. Chairman Steve Wynn is expected to convene an emergency meeting of the directors of Wynn Macau Friday to remove Kazuo Okada as a director of the company traded on the Hong Kong Stock Exchange. Add a comment!
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Wynn awarded $7.5 million in case against soft-porn king
Casino mogul Steve Wynn won a $7.5 million judgment against soft-porn king Joe Francis in a 4-year-old defamation lawsuit, a Clark County judge ruled Wednesday. Court records show Judge Mark Denton awarded millions to... 15 comments
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MGM Resorts shrinks fourth quarter net loss as Strip results improve
At the conclusion of his company's fourth-quarter earnings conference call Wednesday, MGM Resorts International Chairman Jim Murren made some remarks Las Vegas tourism officials might want to bottle and use in their... 11 comments
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MGM Resorts announces plans for nongaming hotel in China
MGM Resorts International will build a nongaming luxury hotel in Shanghai, as part of its growing MGM Hospitality division. In a deal announced Tuesday, MGM Resorts said it will build and operate a 200-room hotel with... 5 comments
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Okada wants court to stop stock seizure; Wynn says game over
Kazuo Okada, the majority shareholder of Wynn Resorts Ltd., will ask a Nevada judge to block seizure of his nearly 20 percent share of the gaming company he co-founded with Steve Wynn. Okada's Universal Entertainment... 8 comments
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Boyd Gaming reports fourth-quarter loss
Increased revenues across Boyd Gaming Corp.'s properties and a strong showing from the Las Vegas market in particular helped the company narrow its fourth-quarter loss. The company said Tuesday it had a net loss of... 11 comments
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Massachusetts gaming expansion cost Nevada firms plenty
The casino industry -- including several companies with ties to the Strip -- spent roughly $11.4 million over the past five years in lobbying Massachusetts lawmakers to approve casinos, according a review of records by... 5 comments
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Wynn: Okada's denial is an admission of wrongdoing
Wynn Resorts Ltd. CEO Steve Wynn escalated his dispute with his former business partner and ex-company vice-chairman Kazuo Okada on Monday, accusing the Japanese billionaire of trying to divert attention from his... 22 comments
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Wynn exercises forced buyout of board member Okada
Wynn Resorts Ltd. said Sunday it has deemed Kazuo Okada, a former close business associate of Steve Wynn, as "unsuitable" based on an internal investigation and has forcibly bought his shares in the company at a steep... 33 comments
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Nevadan at Work: To professor, casinos act as lab for studying motivations
Attending Harvard University gave Bo Bernhard new appreciation for Las Vegas. Bernhard was captain of the Harvard baseball team in the mid-1990s when one of his professors attended a game. When the instructor heard the... 5 comments
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Supporters of Florida casino expansion promise to fight on
Supporters of legislation that could land three destination-style casinos in South Florida weren't overly disappointed Feb. 3 when state lawmakers canceled a planned vote on the controversial bill. 3 comments
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Regulators give developer more time to get financing
BATON ROUGE, La. -- State gambling regulators have given Creative Casinos LLC an extra month to get its financing together and start construction on the $400 million Mojito Pointe casino proposed for Lake Charles. Add a comment!
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Silver Legacy Resort Casino fails to restructure its debt
RENO -- The Silver Legacy Resort Casino, one of northern Nevada's largest resorts, has failed in an attempt to restructure its debt. According to filings made this week with the Securities and Exchange Commission, the... 4 comments
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Tropicana promotes Rodio president of parent company
ATLANTIC CITY -- Tony Rodio, president of the Tropicana Casino and Resort in Atlantic City, has been promoted to president of the casino's parent company. Add a comment!
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Senators want clarification of act prohibiting bribery
Two Democratic senators looking to amend the Foreign Corrupt Practices Act urged U.S. Attorney General Eric Holder to clarify what the Department of Justice considers a bribe of a foreign official. They said the lack of... 7 comments
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Online poker seen folding its hand until 2013
A Wall Street gaming analyst told investors Friday that debate over federal legislation that would legalize Internet poker has most likely been pushed into 2013 after lawmakers didn't attach an online gaming bill to the... 3 comments
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Boyd Gaming executive sees healing in Las Vegas economy
This year will be another step forward for Las Vegas' economy and the gaming industry as the region continues its long recovery from the recession, Boyd Gaming Corp. President and Chief Executive Officer Keith Smith... 13 comments
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Reid: No deal on Internet poker
WASHINGTON -- Sen. Harry Reid put a sudden end to speculation and the hopes of card sharks when he declared that major payroll tax legislation unveiled Thursday did not contain legalization for Internet poker. As... 29 comments
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Ohio's first casino to be half-owned by Caesars Entertainment
A project half-owned by Caesars Entertainment Corp. will become Ohio's first casino. The Horseshoe Casino Cleveland was given permission by Ohio gaming regulators to open the week of May 14. Caesars owns the $350... 1 comment
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Las Vegas-based Pinnacle Entertainment reverses fourth-quarter net loss
Recovery in Southern and Midwest regional gaming markets, coupled with a significant reduction in corporate overhead, gave a boost to the quarterly earnings of Las Vegas-based casino operator Pinnacle... 2 comments
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Gaming analyst argues higher taxes would hurt industry
CARSON CITY-- A gambling analyst says an initiative to raise the top tax rate on Nevada's highest earning properties is not economically sustainable by the industry and would lead to thousands of direct and indirect job... 6 comments
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Layoffs hit Cosmopolitan of Las Vegas
The Cosmopolitan of Las Vegas announced Tuesday that it has laid off more than 40 employees in its gaming operations department. "In evaluating our business needs, we have determined it was necessary to make a small... 19 comments
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SEC probes Wynn Resorts Macau dealings
The U.S. Securities and Exchange Commission is investigating Wynn Resorts Ltd's business practices in Macau, the company disclosed in SEC filings Monday. 23 comments
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The Cosmo, Queen and a slightly naughty 'Bohemian Rhapsody'
What do a legendary British rock band and a luxury Las Vegas Strip resort have in common? Apparently not much, except for The Cosmopolitan of Las Vegas's decision to use Queen's "Bohemian Rhapsody" to pique viewer... 7 comments
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MGM Resorts says CityCenter will have $45 million operating loss in fourth quarter
MGM Resorts International said Monday that its CityCenter development had a net operating loss of roughly $45 million in the fourth quarter, but saw revenues increase roughly 4 percent. The company, which owns the... 11 comments
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Recession has tribal gaming companies restructuring debt
Florida's Seminole Tribe has turned Indian gaming into a global enterprise and big returns, but not all reservation casinos are doing as well. The recession, which hit the entire casino industry hard in 2008, has... 1 comment
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Ex-Four Queens official leads Seminole property in Florida
Downtown Las Vegas was the perfect training ground for Phil Madow. Madow's 24 years in Las Vegas, including 18 years in key executive positions with the Four Queens downtown, prepared him to oversee the Seminole Indian... Add a comment!
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Seminoles have become a force in Indian gaming
Sitting in the lounge of NYY Steak in the newly remodeled Seminole Coconut Creek Casino, Tony Sanchez Jr., took a few moments to ponder a question about the nature of the Seminole Indian Tribe's relationship with its... 9 comments
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Report arms gaming for battle
Don't view the American Gaming Association's latest national economic impact study as just another "casinos are good for your community" report. The comprehensive analysis is actually Frank Fahrenkopf Jr.'s... 3 comments
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PHOTOS: Bellagio Room Service
Bellagio hotel/casion has a team of 45 people designated to provide in-room dining service, from order takers to sous chefs. In 2011, the Bellagio team averaged 53,073 orders per month. Delivery time for room service at... Add a comment!
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Newest Atlantic City casino to be virtually smoke-free
ATLANTIC CITY -- Atlantic City's newest casino, Revel, is opening six weeks earlier than planned -- on April 2 -- and will be virtually smoke-free throughout the premises. 5 comments
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Fortunes may be shifting for downtown's Lady Luck
The Lady Luck's fortunes may be changing at last. Fifth Street Gaming has big plans for the downtown Las Vegas hotel, shuttered since 2006. And earlier this week, those plans moved closer to reality as the Nevada Gaming... 7 comments
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Golden Nugget operator signs deal, will start free-play site
The operator of the Golden Nugget casinos signed an Internet gaming agreement with a European online gambling company and plans to launch a free play website later this year. In a joint statement Friday with... 3 comments
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Ex-Walt Disney Co. exec named finance chief for slotmaker IGT
Slot machine maker International Game Technology named a former executive from the Walt Disney Co. as its new chief financial officer. John Vandemore was appointed CFO Thursday, replacing Pat Cavanaugh, the company's... Add a comment!
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Gambling's move online likely to cost tribes
Indian tribes that have made billions of dollars from legalized gambling stand the most to lose as gaming migrates to the Internet, experts told Congress on Thursday. 10 comments
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Wynn investor will have to wait on documents
Wynn Resorts Ltd. board member and largest stockholder Kazuo Okada will get his chance to examine normally confidential company documents, but his win comes with a large asterisk. 9 comments
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Gaming revenues rise again, hoisting rebound hopes, too
So, are we back? Nevada's casino industry posted its second straight annual gaming revenue increase in 2011. Analysts were quick to point out another positive: The results were not totally reliant on high-end baccarat... 17 comments
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Laughlin casino owner suggests sale might be in offing
In a presentation to potential lenders on Wednesday, Tropicana Entertainment Inc. outlined several changes company officials will make at its two Laughlin resorts, including possibly divesting one of them. 2 comments
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Shares of Caesars Entertainment do well in initial offering
At first thought, maybe Caesars Entertainment Corp. should have publicly listed more than just 1.4 percent of the company. The Las Vegas-based casino operator re-entered the stock market for the first time in four... 9 comments
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Initiative filed to raise casino taxes
CARSON CITY -- A group backed by a conservative businessman took aim at Nevada's highest-earning casinos Tuesday, filing an initiative to raise gambling taxes in a move that could intensify tax battles and test... 15 comments
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Glitch delays Caesars IPO; company will try again today
A technical glitch delayed by a day the initial public stock offering for Caesars Entertainment Corp., but the company said late Tuesday it expects to raise $16 million through the sale. Caesars Entertainment said more... 3 comments
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Vegas slot machine company says rival took its technology
United Coin Machine has filed a lawsuit in U.S. District Court in Las Vegas claiming that rival Gaming Technology Corp. has poached its patented design of a slot machine payout system. Add a comment!
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Fertittas to buy out shareholder to get majority ownership of Station Casinos
Station Casinos LLC minority owners Frank Fertitta III and Lorenzo Fertitta plan to buy out another shareholder for $73 million, giving the Fertitta family majority ownership of the gaming company founded by their... 29 comments
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Union, Golden Nugget OK new contract
ATLANTIC CITY -- The main Atlantic City casino workers union ratified a new contract Monday night with the Golden Nugget Atlantic City. 1 comment
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Report: Casinos generated $125 billion in spending in '10
U.S. casinos and the industries that depend on them made a $125 billion economic splash in 2010 -- equal to 1 percent of U.S. gross domestic product. That's according to a new study by the American Gaming Association,... Add a comment!
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Caesars stock on sale today
For the first time in four years, Caesars Entertainment Corp. will be a publicly traded company. Roughly 1.8 million shares of the Las Vegas-based casino operator were expected to be listed sometime this morning on... 4 comments
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Wynn's major investor has 'lost trust' in resort company management
Kazuo Okada, the Japanese billionaire and dissident shareholder suing Wynn Resorts Ltd. for access to financial records, has "lost trust in management" of the gaming company, according to a brief filed with a Las Vegas... 14 comments
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Official: Two Cotai Strip land grants could be OK'd this year
A Macau government official said two applications for land grants on the Cotai Strip requested by casino operators could be approved this year. Jaime Carion, director of the Lands and Public Works Bureau wouldn't say... 6 comments
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Report: Debt may hamper refinancing for gaming companies
Things are looking better for Las Vegas these days -- visitor numbers, gaming revenues and profits are on the rise after years of brutal recession. But there's trouble looming on the far side of the globe. 6 comments
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Florida lawmakers end casino push
MIAMI -- Lawmakers ended an effort to build three Las Vegas-style hotel-casinos in the southern part of state Friday, dashing the hopes of major Nevada gaming companies that saw Florida as a potentially lucrative casino... 5 comments
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Vacant lot may become home to Asian-themed resort
A vacant lot once meant for a condominium tower is now planned as the unorthodox location for a new Asian-oriented resort. 15 comments
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Proposed Vegas-style casinos in Florida face key vote
FORT LAUDERDALE, Fla. -- Reworked legislation that could bring three Las Vegas-style hotel-casinos to South Florida will face a crucial vote today in a state House panel that could kill the controversial issue. 2 comments
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Wynn Resorts credits strong revenue, tax gain for profits
Wynn Resorts Ltd., owner of Wynn Las Vegas, Encore and properties in Macau, on Thursday attributed revenue growth at its casinos worldwide and a tax gain for a jump in profits in the fourth quarter. Net income was $190.... 3 comments
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Fertitta Interactive files to include online poker in gaming license
Fertitta Interactive LLC has joined a long list of gaming companies who have filed an application with state regulators to expand its gaming license to offer online poker in Nevada, the company announced Thursday. "We... 1 comment
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Penn National Gaming reports earnings
Penn National Gaming Inc., owner of the M Resort in Las Vegas, earned $44 million, or 41 cents per share, in the fourth quarter, compared with a loss of $153.1 million, or $1.97 per share, last year, the company... Add a comment!
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Wynn says case against company will be 'easily dismissed'
Wynn Resorts Ltd. Chairman Steve Wynn said Wednesday that the legal action brought against the company by its largest shareholder "will easily be dismissed" and the proceedings "have nothing to do with control" of the... 6 comments
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Las Vegas Sands says quarterly profits surge
Las Vegas Sands Corp., the world's biggest casino company by market volume, on Wednesday announced its fourth-quarter net income rose 17 percent to $320.1 million, a revenue record aided by continued growth in Macau and... 3 comments
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Bally earnings top analysts' estimates
Bally Technologies Inc. on Wednesday reported second-quarter earnings that beat analyst estimates, because of higher slot and video machine sales and revenues from software, service and maintenance contracts. The Las... 1 comment
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Ameristar Casinos reports fourth-quarter profit decline
Ameristar Casinos Inc. on Wednesday posted a decline in fourth-quarter profits to $7.4 million, from last year's $10.9 million. The Las Vegas-based gaming company said the decline primarily reflected higher-stock-based... 3 comments
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Macau's January gaming revenues not a record, but still a 35 percent increase
Macau gaming revenues hit $3.13 billion in January, off from lofty projections, but still an increase of 35 percent over the same month a year ago. Macau's Gaming Inspection and Coordination Bureau reported January... 2 comments
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Gaming consultant helps UNLV realign in Asia
Gaming industry consultant Jonathan Galaviz has long believed Nevada's economic future is connected with the booming Asian population markets. He put that theory to test while spending six months as the interim dean at... 6 comments
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Gambling stocks get January jolt
The gaming sector mirrored the rest of Wall Street last month, which several analysts termed as the best January in more than a decade. All 10 publicly traded casino operators and slot machine manufacturers charted by... 5 comments
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British bookmaker Ladbrokes buys majority in Las Vegas online gaming company
Ladbrokes PLC has made its first purchase in Nevada as the company positions itself to take advantage of what it believes will be the eventually legalization of sports wagering in the United States. The United... 7 comments
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Ameristar Casinos declares 12.5 cents-per-share dividend
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Wynn Resorts seeks to have judge reject shareholder's lawsuit claims
Grievances by the Wynn Resorts Ltd.'s largest shareholder are nothing more than "half-truths and sweeping generalizations," attorneys for the Las Vegas gaming company said Monday in court papers. The filing in Clark... 23 comments
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UNLV study: Casino debt at highest level ever
Nevada's casinos have taken on more debt than ever before, shifting the finances of the state's largest industry into unprecedented territory, according to an analysis of state gambling data by the University of Nevada,... 33 comments
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Investigators study Cincinnati casino accident; at least a dozen injured
CINCINNATI -- Federal investigators are looking into an accident at a $400 million Cincinnati casino project -- half owned by Caesars Entertainment Corp. -- that injured about a dozen construction workers. Cincinnati's... 8 comments
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Boyd's Biloxi property lays off workers
IP Casino has laid off employees at its Biloxi gambling house. 6 comments
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Regulators OK Cantor operation of Palms race and sports book
The Nevada Gaming Commission on Thursday unanimously approved Cantor Gaming's application to take over operations of the race and sports book at the Palms, a deal that's part of the hotel-casino's multimillion-dollar... 4 comments
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WMS reports quarterly revenues, profits dip
Slot machine maker WMS Industries said Thursday its second quarter revenues and profits declined when compared with the same quarter a year ago but had showed an increase over the first quarter. The company, which is... Add a comment!
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Nevada Gold & Casino granted gaming license by regulators
Nevada Gold & Casino Inc. on Thursday was granted its gaming license by the Nevada Gaming Commission, allowing the company to complete its acquisition of a minority stake in The Nugget in Reno. Robert Sturges,... Add a comment!
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Analyst sees Macau casinos breaking gaming win mark
A Macau-based gaming analyst is predicting the current Chinese New Year holiday could help the Chinese casino market smash its single-month record for revenues. Union Gaming Group principal Grant Govertsen predicted... 1 comment
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Ameristar closes on $16 million purchase of potential Massachusetts casino site
Ameristar Casinos has closed on the $16 million purchase of a 41-acre site in Springfield, Mass., where the Las Vegas-based casino operator wants to place a hotel-casino. The regional casino operator is one of several... 3 comments
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MGM Grand announces Studio 54 replacement
The MGM Grand will replace the shuttered Studio 54 with a new restaurant and nightclub jointly managed by nightclub group Angel Management and a London-based restaurant operator. Hakkasan Las Vegas is expected to open... 6 comments
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Profits and revenues for slot maker IGT tumble in first quarter
International Game Technology left the investment community disappointed with the company's first quarter results Tuesday, but the slot machine giant's chief executive tried to calm any worries during an early morning... 5 comments
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Boyd chief Keith Smith named director of regional Fed board
Boyd Gaming Corp. President and Chief Executive Officer Keith Smith on Monday was named chairman of the Federal Reserve Bank of San Francisco's Los Angeles branch board of directors, effective Jan. 1. 2 comments
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Las Vegas gaming companies praise New Jersey action on sports betting
Twenty years after New Jersey failed to meet a federal deadline to legalize sports wagering, Gov. Chris Christie is betting his signature of a bill legalizing the industry there will force Congress or the courts to... 1 comment
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Investor escalates Wynn fight with proposed board nominees
Investor challenges Wynn, nominates three for Wynn Resorts board 4 comments
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Principal creditor will bid $60 million for Hooters Hotel
Attorneys for the bankrupt Hooters Hotel took 49 pages to outline an auction process and the legal reasons behind it. But the largest creditor might have seized control of the sale in one sentence. 4 comments
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Chuck Jones Experience to open at Circus Circus
The Chuck Jones Experience at Circus Circus Las Vegas, an interactive exhibit which celebrates the creator of the Looney Tunes cartoon series, will be unveiled Thursday at the Strip resort. Jones brought to prominence... 1 comment
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Baccarat business accounts for big piece of Macau gaming win
Macau gaming authorities on Tuesday gave greater detail to the special administrative region's $33.5 billion gaming revenue take in 2011. High-end baccarat business accounted for 73.2 percent of the total gaming... 1 comment
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CityCenter forms partnership with Sotheby's to sell luxury condominiums
In an effort to drive luxury condominium sales, CityCenter has announced a partnership with Sotheby's International Realty to market The Residences at Mandarin Oriental and Veer Towers. The collaboration, which is led... 9 comments
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New Palms chief bullish on casino's prospects
Joseph Magliarditi is bullish about the Palms. The president of the off-Strip resort said Tuesday the property has enjoyed a profitable last six months of 2011, even as the hotel finalized its new ownership... 4 comments
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Analyst questions IGT's purchase of Double Down Interactive
A gaming analyst said Tuesday he has "grave concerns" about International Game Technology's $500 million acquisition of an online social gaming company, taking a contrarian position from other Wall Street research firms.... 7 comments
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Revised stance on Wire Act has states pursuing Internet poker
Federal prosecutors may have cracked opened the door for individual U.S. states to operate Internet poker websites without Congress passing online poker legislation. 2 comments
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Celebrity chef known from reality TV to open Las Vegas eatery
Celebrity Chef Gordon Ramsay, known for his fiery personality on the reality television shows "Hell's Kitchen," "MasterChef" and "Kitchen Nightmares," will open a restaurant at Paris Las Vegas in the spring. Gordon... 3 comments
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Benefits touted to IGT acquisition of Double Down Interactive
Analysts said Friday that the $500 million acquisition of an online social gaming company by International Game Technology has two benefits. The transaction puts the Nevada-based slot machine maker's products in front... Add a comment!
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MGM Resorts working to acquire land in Massachusetts for hotel-casino
MGM Resorts International officially entered the race for a Massachusetts casino license on Thursday, signing a deal to acquire 150 acres in the town of Brimfield for a hotel-casino complex. The location, 65 miles west... 7 comments
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Wynn says largest shareholder's claims aren't true
Wynn Resorts Ltd. has strongly denied charges in a lawsuit filed by the gaming company's largest shareholder, who questions company spending and alleges he is being denied key information about finances. 17 comments
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Navajo Nation opening casino in Northern New Mexico
UPPER FRUITLAND, N.M. -- The Navajo Nation is opening its third casino in New Mexico -- an 86,000 square-foot facility that tribal officials say will boost the local economy. Add a comment!
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Regulators urge OK of Cantor's operation of Palms sports book
The state Gaming Control Board on Wednesday unanimously recommended Cantor Gaming's application to take over operations of the sports book at the Palms, a deal that's part of the restructuring of the off-Strip... Add a comment!
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Largest shareholder of Wynn Resorts sues company
The largest shareholder and vice chairman of the Wynn Resorts Ltd. board of directors has sued the company, claiming he has been denied access to the casino operator's books and records. Kazuo Okada, 68, a Japanese... 17 comments
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MGM Resorts expected to announce bid for Massachusetts casino
MGM Resorts International is expected to announce plans today to enter the bidding for a casino in Massachusetts. The Associated Press, citing unnamed sources, reported the company will partner with a local landowner... Add a comment!
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MGM Resorts to issue $500 million in unsecured debt
Casino giant MGM Resorts International announced plans this morning to issue $500 million of unsecured debt through a private offering that would be due in 2019. The company, which operates 10 Strip resorts, said it... 4 comments
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November gaming revenues rise 7.1 percent statewide, 9 percent on the Strip
November was a good month for the Nevada's casino industry, but many analysts told investors not to take too much away from the second straight monthly gaming revenue increase for the state and the Strip. A gradual... 10 comments
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Losing streak over: Atlantic City casino win up in December
ATLANTIC CITY -- Few things feel better in a gambler's paradise than the end of a long losing streak. And that's what Atlantic City has just experienced. 1 comment
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Feldman named chairman of nonprofit group's board
MGM Resorts International Senior Vice President of Public Affairs Alan Feldman has been named chairman of the board for the National Center for Responsible Gaming. Add a comment!
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MGM Resorts to hold job fair to fill positions for summer
MGM Resorts International will hold a job fair Thursday and Friday to fill some 500 summer positions at its 10 Strip hotel-casinos. The event will run 11 a.m. to 4 p.m. Thursday and 9 a.m. to 1 p.m. Friday at the MGM... Add a comment!
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Moody's cites improving economy in CityCenter upgrade
CityCenter bonds are looking like a better bet, according to investment adviser Moody's. Moody's upgraded its view of CityCenter's roughly $1.5 billion of debt Monday, saying the prospects of increased visitation to... 12 comments
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Court battle over mortgage on JW Marriott delayed a month
A court battle to control the $160 million mortgage on the JW Marriott Las Vegas in Summerlin -- and ultimately perhaps the hotel itself -- will remain on hold for as long as a month. 5 comments
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Nevada casinos suffer $4 billion net loss in fiscal 2011
Nevada's highest-grossing casinos took in almost 6 percent more in total revenues during fiscal year 2011, but their collective net loss increased by 16.4 percent, according to a report released Friday by state gaming... 45 comments
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M Resort's Marnell says he opposes Internet poker legalization
M Resort President Anthony Marnell III has come out in opposition to legalizing Internet poker, becoming the second high-profile gaming executive to break ranks with the bulk of the casino industry, which is lobbying... 16 comments
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Ohio casino openings will wait amid licensing hang-up
A licensing hang-up will delay the openings of two Ohio casinos by up to two months. One, in Cleveland, is half-owned and would be managed by Caesars Entertainment Corp. Ohio's Casino Control Commission has not... 3 comments
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Outlooks for Mohegan Sun parent left static by Moody's
HARTFORD, Conn. -- Moody's Investors Service says finances recently reported by the parent company of Mohegan Sun casinos in Connecticut and Pennsylvania are improving, but insufficient to refinance hundreds of millions... 2 comments
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Plan calls for sale of Hooters Hotel to be complete by March
The sale of the Hooters Hotel in Las Vegas is expected to be complete by March under a plan disclosed late Wednesday by Innovation Capital LLC, the company conducting the bankruptcy auction. Unable to meet its debt... 2 comments
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Voters may decide whether to allow Net bets in New Jersey
TRENTON, N.J. -- It may be up to New Jersey voters to decide whether to allow online betting in the state. Add a comment!
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Massachusetts intrigue rises as Las Vegas Sands rehires lobbyist
It could get interesting in Massachusetts. The Boston Herald reported Wednesday that Las Vegas Sands Corp. has renewed the registration of its Massachusetts lobbyist, fueling speculation that the company will jump into... 1 comment
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Las Vegas casino company could soon start work on Louisiana casino
A Las Vegas-based casino developer could break ground next month on a $400 million hotel-casino in Lake Charles, La. Creative Casinos managing partner Dan Lee told Louisiana media he expects financing for the Mojito... 6 comments
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N.J. hopes to be leader in Internet gambling
ATLANTIC CITY -- Rushing to take advantage of a U.S. Justice Department ruling that in-state Internet gambling does not violate federal law, a New Jersey lawmaker is pushing his colleagues to pass a bill legalizing... 1 comment
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Receiver to take charge of entire LVH Las Vegas
The LVH-Las Vegas Hotel & Casino, once called the Las Vegas Hilton, is on the way to ending its unusual split operation. 4 comments
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Macau gaming revenues hit $33.5 billion in 2011, no slowing seen
Forget the Strip. Macau's 2011 gaming revenue total surpassed the combined casino revenues produced by the top 20 U.S. commercial casino markets in 2010. And, analysts said, Macau shows no signs of a slowing. Macau... 16 comments
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Octavius Tower at Caesars scheduled to greet guests
The 668-room Octavius Tower at Caesars Palace was scheduled to open Monday. The hotel-casino began booking rooms for the tower in late last year. The opening gives Caesars Palace more than 3,960 rooms and... 5 comments
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Las Vegas Hilton will take on new moniker today
With a new year, comes a new name for an historic Las Vegas hotel. The LVH-Las Vegas Hotel & Casino officially opened for business today, replacing the Las Vegas Hilton. The changeover began last month with removal of... 5 comments
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