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Casinos & Gaming

WMS investors will vote on proposed buyout on May 11

Shareholders of slot machine manufacturer WMS Industries will vote May 10 whether to accept a $1.5 billion buyout offer from lottery equipment provider Scientific Games.

THE LATEST
American Casino reports more losses in fourth quarter

Stratosphere owner American Casino and Entertainment Properties grew its net loss in the fourth quarter, blaming softness in hotel occupancy and a lower gaming revenues in the Las Vegas locals market.

SLS, Resorts World projects bring new energy to Strip’s north end

Transforming the Rat Pack-era Sahara into the luxury-boutique SLS Las Vegas may be the smoothest aspect of this process started by Los Angeles-based SBE Entertainment in 2007. The company plans to unveil the 1,620-room SLS Las Vegas in fall 2014.

Proxy fight looms over control of Affinity Gaming

A potential proxy fight over control of Affinity Gaming involves the company’s two largest shareholders with separate proposals for changing the makeup of the casino operator’s board of directors.

Head of Revel casino in Atlantic City stepping down

ATLANTIC CITY — Kevin DeSanctis, who guided Atlantic City’s Revel casino-hotel through its tortuous development only to see it struggle in the cutthroat East Coast gambling market, is stepping down as head of the $2.4 billion resort.

PokerStars-AGA showdown in Atlantic City postponed

The New Jersey Casino Control Commission postponed a vote Wednesday that could allow the American Gaming Association to participate in the licensing case of PokerStars’ purchase of a failing Atlantic City casino.

PokerStars attorneys ridicule AGA move

Attorneys for online gaming giant PokerStars said an attempt by the American Gaming Association to block the company from buying a failing Atlantic City casino was a “thinly veiled anti-competitive campaign” to keep new ownership out of the market.

Nevada Gold & Casinos posts third-quarter profit

Nevada Gold & Casinos Inc. on Tuesday posted a third-quarter profit, as the company continues to pay down debt, adjust operations at its casinos and slot routes, and complete its restructuring program.

Timothy Poster resigns as COO of Wynn Las Vegas

Timothy Poster resigned as chief operating officer of Wynn Las Vegas on Monday, less than a month after he was promoted to replace Maurice Wooden. Wooden is president of Wynn Las Vegas and Encore.

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