Harsh winter weatheres kept casino patrons at home in several states where companies such as Penn National Gaming, Isle of Capri Casinos, Pinnacle Entertainment and Boyd Gaming Corp. derive the bulk of their quarterly revenue.
Casinos & Gaming
Professional poker standout Phil Ivey has been sued in federal court by the Borgata in Atlantic City, which claimed the $9.6 million he won at the casino in 2012 was earned through cheating at high-stakes mini-baccarat.
One of the owners of land in Everett, Mass., that Wynn Resorts Chairman and CEO Steve Wynn wants to buy to build a casino is refusing to sign a promise that no secret owners would profit from the sale.
Slot machine manufacturer International Game Technology announced the company’s first multistate progressive jackpot network on Thursday, linking the games of two casino operators in Nevada and New Jersey.
The Bureau of Labor Statistics has crunched data to see which jobs have the highest concentration in each state relative to the rest of the U.S., and to no one’s surprise, the gaming industry came out on top in Nevada.
Atlantic City’s main casino workers’ union says the Revel, built at a cost of $2.4 billion, is worth between $25 million and $73 million.
Standard & Poor’s rating services 0n Tuesday lowered its corporate credit ratings on Caesars Entertainment Corp., painting a dire picture for the casino company that carries a gaming industry-high $23 billion in long-term debt.
Word is that the U.S. Treasury Department may soon require the casino industry to report the source of gambling funds used by their big spending high-rollers. The move is part of a stepped-up federal effort to crack down on money laundering.
Las Vegas-based CG Technology announced an agreement Monday that will license the company’s sports wagering products with one of Mexico’s leading casino operators.
The Salt River-Pima Indian Community has a real estate footprint in this city, 20 minutes east of downtown Phoenix, that makes the 67-acre CityCenter look like a strip mall.
Another group of Caesars Entertainment Corp. lenders, bondholders wants details of company affiliate
A second group of Caesars Entertainment Corp. lenders and bondholders said it wants to unravel the deals used to create the company’s growth-oriented affiliate.
Las Vegas Sands Corp. is increasing scrutiny of Macau junket operators in a move that may lead to a shakeout among the middlemen who account for two-thirds of the betting in the world’s largest casino hub, a person familiar with the matter told Bloomberg News.
Nearly a year after the launch of real money online poker in Nevada, there’s a new wave of players who must pay taxes on Web poker winnings from 2013.
In a letter to the congressional leadership and copied to all members of Congress, the National Conference of State Legislatures said it is opposed to the Restoration of America’s Wire Act, which was introduced last month.
Las Vegas Sands Corp. is unveiling a multimillion-dollar global philanthropic effort that signifies the gaming company’s presence internationally but was also designed to address needs in the casino operator’s home communities.
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