You have to hand it to online gaming giant PokerStars.
Casinos & Gaming
Las Vegas-based Affinity Gaming on Friday reported a continued slide in earnings across 11 properties last year.
Nevada casinos went into February facing a comparison to the state’s largest gaming revenue month in almost five years and a baccarat revenue month that was an all-time record.
Caesars Entertainment Corp. filed paperwork with the Securities and Exchange Commission Thursday to sell an additional 7 million shares of stock.
Members of the Culinary and Bartenders unions voted Thursday to authorize a strike at 10 downtown Las Vegas casinos and two other properties, though they have not determined when strikes could begin. The authorization comes after a more than a year-and-a-half of negotiation with the casinos, said Culinary Local 226 spokeswoman Bethany Khan.
New York-based investor Jason Ader, a Las Vegas Sands Corp. board member, has become the second-largest shareholder in European online gaming giant Bwin.party, acquiring a 6 percent stake in the London Stock Exchange-listed business in February. The investment could seemingly put Ader at odds with Las Vegas Sands Chairman Sheldon Adelson.
Caesars Entertainment Corp. said Wednesday its growth-oriented affiliate is seeking $1.3 billion in loans to fund the purchase of four casinos announced earlier this month.
Slot machine giant GIT took a battering from investors Wednesday and analysts worried sour financial predictions announced 24 hours earlier might taint rival companies in the gaming equipment sector.
A bill to outlaw online gaming was introduced Wednesday in Congress, adding another layer to the big-money debate over how or even whether the Internet should be utilized for gambling.
Caesars Entertainment Corp. said Wednesday it would close one of its three casinos in Tunica, Miss. on June 2, saying “persistent declines in business” made the market’s largest hotel-casino unprofitable.
For the second straight year, Indian casinos nationwide combined for a new annual gaming revenue record, topping $28.13 billion in 2012.
A decline in gaming revenues in U.S. regional gaming markets and a challenging business environment in foreign destinations forced slot machine manufacturer International Game Technology to reduce its workforce worldwide by 7 percent, the company said Tuesday.
ATLANTIC CITY, N.J. — Morgan Stanley lowered its estimate of the U.S. Internet gambling market on Tuesday to $3.5 billion by 2017, down from a previous forecast of $5 billion.
A plan to let New Jersey casino regulators oversee foreign Internet gambling companies if they shift their operations to Atlantic City moved closer to approval on Monday.
Slot machine giant International Game Technology announced a new multiyear licensing agreement with Sony Pictures Monday that allows the Las Vegas-based company to use the “Wheel of Fortune” brand on its product lines through 2024.
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