Las Vegas Sands Corp. parted ways with the company’s longtime outside auditing firm but analysts said Monday that investors shouldn’t speculate beyond the announcement.
Casinos & Gaming
How could Richard Suen have gone so long in his dealings with Las Vegas Sands Corp. without a final, signed contract?
Wynn Resorts Ltd. would make $30 million in advance payments to the city of Everett, Mass., and more than $25 million annually once a proposed casino opens for business, according to a host community agreement released Thursday.
Wynn Resorts Ltd. first-quarter profit rose modestly but enough to easily beat analysts’ expectations as the gaming company reported higher occupancy and improved revenues at its casinos in Las Vegas and Macau.
International Game Technology, a slot machine manufacturer and social gaming company, reported a modest increase in profit for its second quarter, helped significantly by growth in machine sales and social gaming.
Cantor Gaming signed a deal Thursday with the Atlantis casino in the Bahamas to provide the resort with mobile casino gaming and mobile sports wagering, as well as a new sports book. This is the first mobile wagering deal involving the Atlantis, according to the Las Vegas-based gaming company.
Ameristar Casinos shareholders on Thursday approved the company’s sale to rival regional gaming giant Pinnacle Entertainment on a nearly unanimous vote.
Richard Suen spent Wednesday afternoon on the witness stand recounting more aspects of his consulting work for Las Vegas Sands Corp. as the company’s lawyers again tried to highlight more perceived changes in his story.
Bally Technologies Inc., helped by record-setting revenues, on Wednesday reported an increase in profit for the third quarter.
ATLANTIC CITY — As chief regulator for New Jersey’s struggling casino industry, Matthew Levinson has an interesting balancing act.
Boyd Gaming Corp. posted a first-quarter loss Wednesday, reversing a profit in the year-ago period, as the gaming company added new casinos and incurred other one-time costs related to selling noncore assets to strengthen its balance sheet.
Las Vegas Sands Corp. attorneys’ push Tuesday to discredit former consultant Richard Suen’s credibility highlighted perceived discrepancies with past testimony over matters such as a business plan with an acrylic cover and the meaning of the word “contact.”
Caesars Entertainment Corp. said Tuesday that it will spin off its interactive gaming business, Planet Hollywood and a planned casino in Baltimore into a separate company owned in part by the casino operator, the company’s stockholders and private equity firms Apollo and TPG.
Las Vegas Sands Corp.’s first bid to gain a foothold in Macau fell apart for much different reasons than those given by onetime consultant Richard Suen, a former company attorney testified Monday.
SecureTrading Inc., a Las Vegas-based subsidiary of UC Group, has been licensed by Nevada gaming regulators to provide online gambling payment processing, identification verification and geo-location services, the company said Monday.
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