Approval of Internet gaming bills in Nevada and New Jersey less than a week apart helped fuel investors’ interest in the gaming industry during the last half of February.
Casinos & Gaming
Boyd Gaming Corp. agreed to sell its south Florida jai alai facility Thursday for $65.5 million in an all-cash deal with Dania Entertainment, but the company hasn’t given up on owning and operating a casino in the regional market.
For the second time in less than a year, former Sands China Ltd. CEO Steven Jacobs is heading into a sanctions hearing with his one-time employer and affiliate Las Vegas Sands Corp.
Keno, which is one of the oldest and simplest casino games, is big business in Nevada.
Las Vegas Sands Corp. Chairman Sheldon Adelson has sued a Wall Street Journal reporter for alleged libel over the way he was described in a December article concerning his company’s legal battle with its former Macau operations chief executive.
ATLANTIC CITY — Nevada and New Jersey once had the country to themselves when it came to casino gambling. Now, with the advent of Internet gaming, the two states are expected to slug it out again for dominance of the fledgling U.S. online betting market.
Indian casinos thumbed their noses at the recession in 2011.
International Game Technology’s former top game developer has joined a rival slot machine manufacturer.
Despite predictions two years ago, Singapore did not surpass the Strip as the world’s No. 2 gaming market in 2012.
Gambling and boozing in downtown Las Vegas is history.
The leader of a dissident group of International Game Technology shareholders has offered to meet with the slot machine manufacturer’s chairman in an effort to resolve the company’s heated proxy fight before next week’s annual stockholders meeting.
Caesars Entertainment Corp. said Monday that its fourth-quarter net loss more than doubled from a year earlier primarily because of noncash impairment charges and lost business in Atlantic City caused by Superstorm Sandy.
Wynn Resorts Ltd. announced Friday that Marilyn Spiegel will step down as president of Wynn Las Vegas and Encore to work on design and development of company projects, including proposed resorts in Philadelphia and Boston.
Former World Series of Poker champion Chris Ferguson, whose career has been derailed for almost three years following the U.S. government’s crackdown on Internet poker, has settled with federal prosecutors.
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