Casinos & Gaming
ATLANTIC CITY — Hurricane Irene blew away a historic chunk of the Atlantic City casinos’ revenue last month: The nearly 20 percent decline was the biggest monthly plunge in the 33-year history of the nation’s second-largest gambling market.
SAN FRANCISCO — The Obama administration has approved casino proposals from two California tribes under a rarely granted exception to the federal law that prohibits gaming on reservations established after 1988.
LAUGHLIN — For much of the past year, several resort operators have pointed to the mess on Casino Drive as a prime culprit for their anemic finances.
A federal judge said he needs more information before deciding whether to unseal documents in a case filed by a security team that protects the family of Las Vegas Sands Corp. Chairman Sheldon Adelson.
Can the Hooters Hotel on Tropicana Avenue be considered a failure? If you ask the resort’s main creditor, the answer is yes. Canpartners Realty Holding Co. IV filed a complaint late Wednesday in U.S. Bankruptcy Court in Las Vegas opposing plans by Hooters casino to spend more money looking for new investors, a sale, or a merger.
