Affinity Gaming said Wednesday a lawsuit filed by its largest shareholder lacked merit.
Casinos & Gaming
Full House Resorts Inc. on Wednesday reported a fourth-quarter loss, as the gaming company completed its acquisition of the Silver Slipper Casino in Mississippi on Oct. 1 and recorded a slight dip in revenues at its Northern Nevada casinos.
The Gaming Control Board spent almost two hours Wednesday delving into the background of European online gaming operator 888 Holdings, which is seeking an interactive Nevada gaming license.
Wynn Resorts Ltd., the gaming company controlled by Steve Wynn, retracted some accusations made in a lawsuit against his former business partner, Kazuo Okada, according to a statement released Wednesday by Okada.
The largest shareholder in Affinity Gaming has sued the casino operator’s board of directors, saying changes in the company’s governance have breached fiduciary responsibility.
International Game Technology stockholders re-elected seven of the slot machine giant’s current board members but also selected one nominee proposed by a dissident group of shareholders.
Caesars Entertainment Corp. offered to sell the off-Strip Rio and the World Series of Poker to PokerStars, a spokesman for the owner of the online gaming business claimed in an email Tuesday. The statement came a day after American Gaming Association attorneys wrote in a legal brief that PokerStars had been a “criminal enterprise for many years.”
Boyd Gaming Corp.’s sale of the Echelon site for $350 million to Malaysia-based Genting sent the casino company to a fourth-quarter net loss of almost $900 million.
Hundreds of gamblers and locals lined up Monday for the opening of Ohio’s fourth casino.
Representatives of Malaysia-based Genting Group were so sure about spending $2 billion to $7 billion to develop Resorts World Las Vegas on the 87-acre Strip site of the unfinished Echelon, they visited all ends of Nevada to make their pitch.
Illinois private equity firm Z Capital Partners withdrew its nonbinding proposal to acquire all of the outstanding common shares of Affinity Gaming.
On the eve of a contested shareholders meeting, slot machine manufacturer International Game Technology announced an 8 cents per share dividend for stockholders that is payable in a month.
Las Vegas Sands Corp. called media accounts of the company’s self-reporting that it may have violated federal law that bans the bribing of foreign public officials “misleading and sensationalistic.”
Gaming equipment provider SHFL Entertainment said its net income dipped 8 percent in first quarter due to higher operating expenses.
Malaysia-based Genting Group today will announce acquisition of the Echelon site on the Strip and outline plans to build a $2 billion hotel-casino complex on the 87-acre development halted by the onset of the recession almost five years ago.
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