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Casinos & Gaming

IGT director elected in proxy fight resigns after eight months

A representative of an International Game Technology outside investor resigned his seat on the slot machine manufacturer’s board of directors eight months after a contentious proxy fight landed him on the corporate governing body.

Foreign deals can include risks

Payoffs to government officials typically don’t show up on the balance sheets of U.S. gaming companies.

Loveman still livid about Massachusetts rejection

It’s been nearly a month, but Caesars Entertainment Corp. Chairman Gary Loveman is still fuming over his company’s rejection by casino regulators in Massachusetts.

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To live like Steve Wynn will cost you $43,750 a month

For most people – especially those who live in Las Vegas – the average monthly rent is $1,000. But Steve Wynn isn’t your average renter.

Analysts love Multimedia Games; investors less enchanted

Slot machine maker Multimedia Games grew profits and revenues in both fourth quarter and fiscal 2013, the Austin, Texas-based company said Thursday.

Las Vegas-based company gets OK from New Jersey gaming regulators

The New Jersey Division of Gaming enforcement has approved GeoComply’s application to be licensed as an ancillary casino service industry enterprise, which means the Las Vegas-based company is allowed to offer its geo-location services to the state’s Internet gaming market.

Red Mercury Entertainment to operate Riviera’s showrooms

The Riviera said Wednesday it has entered into a management agreement with Red Mercury Entertainment to have the firm operate new shows within the Strip casino’s showrooms and entertainment venues.

Affinity Gaming sees revenues decline in third quarter

Affinity Gaming, which operates the Primm casinos and the off-Strip Silver Sevens, experienced declines in operating income and net revenues during the third quarter, the company said Wednesday.

Station Casinos sees rise in revenues but records net loss

Station Casinos LLC, the largest locals casino company in Southern Nevada, reported a net loss of $4.7 million for the third quarter, compared with a $7.8 million profit for the same period last year, according to a quarterly earnings report released Tuesday.

Atlantic City posts rare monthly win, casino revenues rise 3.6 percent

ATLANTIC CITY — Atlantic City’s casino revenues increased by 3.6 percent in October compared with the same month in 2012, but the increase was mainly a result of Superstorm Sandy a year ago.

A Grand entrance: 11-12-13 at 14:15

The Downtown Grand, which opened in October, joins the Downtown3rd community in the former location of the Lady Luck. The hotel, at 206 N. Third St., brought out the Valley High School marching band and Mayor Carolyn Goodman for an official opening ceremony on Tuesday.

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