ROME — Shareholders in GTECH on Tuesday approved the Italian lottery group’s takeover of U.S. slot-machine maker International Game Technology, a tie-up aimed at creating a global gaming company to be listed on Wall Street.
Casinos & Gaming
Macau’s casino market experienced a 23.2 percent decline in gaming revenue during October, the largest single-month drop since American-owned casinos began operating in the Chinese market in 2004.
American Gaming Association CEO Geoff Freeman was one of six business executives named Tuesday by the U.S. Chamber of Commerce to its Association Committee of 100.
COARSEGOLD, Calif. — Prosecutors have filed charges against 15 people in the armed takeover of a Central California casino at the center of a power struggle between factions of a Native American tribe.
By all accounts, a referendum to undo Massachusetts’ casino law should get crushed in Tuesday’s election and lose by some 15 to 20 percentage points. That’s what the most recent polls say. Then again, this is Massachusetts.
Scientific Games Corp. executives have assured the investment community the company’s $5.1 billion buyout of Bally Technologies is on track to close by the end of the year.
Boyd Gaming Corp. sliced its third quarter net loss by more than half while the company’s Las Vegas locals and downtown operating segments reported overall revenue increases.
MGM Resorts International lost $20.3 million in the third quarter, an improvement over the company’s net loss of $22.3 million a year ago.
Slot machine manufacturer Bally Technologies saw first quarter earnings dip slightly while revenue increased 29 percent.
The chief financial officer for MGM Resorts International said Thursday the company has held discussions with a group looking to bring a National Hockey League team to Las Vegas, but the talks were preliminary.
One of Caesars Entertainment Corp.’s main creditors walked away from talks over restructuring a portion of the casino company’s $24.2 billion debt.
FRESNO, Calif. — A casino at the center of a tribe’s internal power struggle will remain closed until rival factions that operate it can settle their differences that recently erupted into an armed confrontation, a federal judge ruled Wednesday.
In the grand scheme of things, the proxy fight over Full House Resorts seems like small potatoes. But with regional markets on a downward trajectory, the company is ripe for the taking.
TRENTON, N.J.— A judge who temporarily stopped New Jersey from allowing legalized sports betting last weekend has set a court date for the state, major U.S. professional sports leagues and the NCAA to argue whether the ban should be extended.
Wynn Resorts Ltd. said Tuesday the company had a 1.4 percent dip in revenue in the third quarter, but results from the casino operator’s Strip properties boosted profits.
