Ann Friedman, Las Vegas Review-Journal · August 29, 2014 at 7:30 pm
Fashion Show mall has announced plans for redevelopment and an expansion that will include a 22,000 square-foot addition, which will house five new restaurants on the exterior plaza of the shopping center alongside Las Vegas Boulevard.
“We have phenomenal dining here, but we wanted more,” Fashion Show Senior Marketing Manager Janet LaFevre said. “This is our opportunity to do something new and … [Read more...]
Associated Press · August 29, 2014 at 3:53 pm
AUSTIN, Texas (AP) - State regulators have approved an effort by racetrack owners to expand gambling to include racing terminals that look similar to slot machines.
The Texas Racing Commission on Friday voted to allow a new form of betting at dog and horse tracks called historical racing. The machines allow people to bet on races that have already happened. The videos are stripped of any … [Read more...]
Wayne Parry, Associated Press · August 29, 2014 at 3:29 pm
ATLANTIC CITY, N.J. (AP) - A Wall Street firm predicted Friday that much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they're gone.
Fitch Ratings predicted in a report that the city's casino revenues will decline to $2.5 billion in 2015 from last year's $2.86 billion. It also said it does not see any more casinos closing in Atlantic City … [Read more...]
Associated Press · August 29, 2014 at 2:34 pm
ATLANTIC CITY, N.J. (AP) - More than 470 of the 2,000-plus workers at Atlantic City's Showboat Casino Hotel have found new jobs with other casinos owned by its parent company.
The Showboat is shutting down Sunday afternoon after 27 years on the Boardwalk.
Gary Loveman, CEO of Caesars Entertainment, sent a letter to company employees Friday thanking them for their service and dedication even … [Read more...]
Celine Ge, Bloomberg · August 29, 2014 at 5:51 am
Aug. 29 (Bloomberg) -- Wynn Macau Ltd. led declines among casino stocks in the world’s largest gambling hub amid concerns that recent protests by workers for better pay could escalate into strike actions this weekend.
Casino employees plan to protest high property prices in Macau and demand for more public housing on Saturday, according to Ieong Man-teng, chairman of the Macau Gaming Industry … [Read more...]
Christopher Palmeri, Bloomberg · August 29, 2014 at 12:01 am
Aug. 29 (Bloomberg) -- The Sweet Pop Fizz Candy Bar in East Dundee, Illinois, offers gelato, hand-painted chocolates -- and slot machines, two of them, ready to play between sips of a craft beer.
Since the state authorized bars and other places that serve booze to install slot machines two years ago, the number has skyrocketed to more than 18,000 and now exceeds those in the state’s 10 casinos … [Read more...]
Josh Cornfield, Associated Press · August 28, 2014 at 9:11 pm
ATLANTIC CITY, N.J. (AP) - The three-story brick house on a mostly deserted street in the shadow of the failed $2.4 billion Revel Hotel Casino was Charlie Birnbaum's father's livelihood. It allowed him to reside a couple of blocks from his beloved beach and earn income by renting out two floors to tenants.
"This building gave him dignity. It was his refuge," Birnbaum, 67, said this week. "As it … [Read more...]
Wayne Parry, Associated Press · August 28, 2014 at 8:43 pm
ATLANTIC CITY, N.J. One of the region's largest mass-filings for unemployment and other benefits will begin next week for newly laid-off Atlantic City casino workers in an outreach effort so large it had to book part of the city's convention center.
The Showboat and Revel are shutting down this weekend, putting more than 5,000 workers out of work. Trump Plaza will add 1,100 more when it closes … [Read more...]
Associated Press · August 28, 2014 at 6:47 pm
LAS VEGAS (AP) - Nevada gambling revenue rose less than 1 percent in July compared with the same month last year, with nearly a 5 percent gain on the Las Vegas Strip offsetting declines in Reno, Stateline on Lake Tahoe's south shore, and Wendover on the Utah line, the state Gambling Control Board reported Thursday.
The state's casinos brought in a total of $932 million last month, up 0.65 … [Read more...]
Richard N. Velotta, Las Vegas Review-Journal · August 28, 2014 at 3:35 pm
Las Vegas had the third-highest number of tourists in a month in its history in July, attracting 3.5 million people as the city continued its record visitation pace.
It was the best July visitation number on record, following up on last month being the best June ever.
The city’s hotels also showed increases in occupancy, average daily room rate and convention attendance in July compared with … [Read more...]
Howard Stutz, Las Vegas Review-Journal · August 28, 2014 at 2:06 pm
Hey, it wasn’t a decline.
Nevada gaming revenue increased less than 1 percent in July, ending fears the market might be off after a June in which the state’s casino industry reported its largest monthly spike of the year.
Casinos took in $931.8 million during July, which equated to a 0.65 percent increase compared to July 2013.
On the Strip, casinos collected $536.2 million in gaming … [Read more...]
Nguyen Dieu Tu Uyen, Bloomberg · August 28, 2014 at 3:31 am
Aug. 28 (Bloomberg) -- Vietnam is drawing closer to allowing its citizens to gamble in the nation’s casinos as the government tries to boost revenue and compete for regional gaming investment.
The finance ministry plans to submit the final draft of a new casino decree to Prime Minister Nguyen Tan Dung as soon as October, Ngo Van Tuan, head of the department for banking and finance at the … [Read more...]
Howard Stutz, Las Vegas Review-Journal · August 28, 2014 at 3:22 am
Slot machine manufacturer Bally Technologies increased its overall revenue in the fourth quarter and fiscal year, much of which was attributed to the company’s purchase of a rival gaming equipment provider last year.
Bally, which announced last month it was being acquired by lottery giant Scientific Games Corp. for $5.1 billion, said Wednesday its profits in both the quarter that ended June 30 … [Read more...]
Andrea Tan, Bloomberg · August 28, 2014 at 2:13 am
Aug. 28 (Bloomberg) -- The brother of Chen Jihong, the metals trader said to be at the center of a Chinese loan fraud probe, was sued by Las Vegas Sands Corp.’s Singapore unit over unpaid gambling debts.
Chen Jilong, a so-called premium casino player at Marina Bay Sands Pte, owes S$1.88 million ($1.5 million) and has refused to make payment, according to a lawsuit filed with the Singapore High … [Read more...]
Philip Marcelo, Associated Press · August 27, 2014 at 8:12 pm
BOSTON (AP) - An American Indian tribe proposing a casino on Martha's Vineyard argued in federal court filings on Wednesday that it never waived its sovereign immunity when it reached a deal with the state for its ancestral lands despite what Gov. Deval Patrick's administration contends in a lawsuit to block the plan.
In a series of legal briefs, the Aquinnah Wampanoag said they never could … [Read more...]
Grant Schulte, Associated Press · August 27, 2014 at 7:17 pm
LINCOLN, Neb. (AP) - A ballot measure that would allow electronic betting on previously run horse races in Nebraska now rests with the state Supreme Court, which heard arguments Wednesday on an effort to kill it before it reaches voters.
An attorney for Omaha anti-gambling activist Pat Loontjer asked the court to keep the measure off the November ballot, while a state lawyer defended it as … [Read more...]
Associated Press · August 27, 2014 at 5:37 pm
ALBANY, N.Y. (AP) - A southeastern New York village has filed a lawsuit seeking to halt Caesars Entertainment's plans for a casino in Woodbury, N.Y.
The lawsuit filed Tuesday by the Orange County village of Kiryas Joel argues that officials in Woodbury failed to analyze the environmental impact a casino in Woodbury would have on the village.
Kiryas Joel, a Hasidic Jewish community of 23,000 … [Read more...]
Juliet Linderman, Associated Press · August 27, 2014 at 4:44 pm
BALTIMORE (AP) - At the Horseshoe Casino's grand opening, showgirls adorned in gold glitter, beaded loincloths, feather headdresses and fuchsia false eyelashes stood atop pedestals in the courtyard, while VIP patrons in high heels and higher hemlines downed glass after glass of champagne.
The glitz and glamour Tuesday suggested someplace flashy like Las Vegas or Atlantic City. But the scene … [Read more...]
Scott Bauer, Associated Press · August 27, 2014 at 4:39 pm
MADISON, Wis. (AP) - Labor and political leaders from southeastern Wisconsin called on Gov. Scott Walker on Wednesday to immediately approve the Menominee tribe's proposed casino in Kenosha because it would put people to work.
Pressure has been building on Walker to make a decision about whether to approve the proposed $810-million casino and Hard Rock Cafe before the Nov. 4 election. The … [Read more...]
Wayne Parry, Associated Press · August 27, 2014 at 2:59 pm
ATLANTIC CITY, N.J. (AP) - The owner of the Showboat Casino Hotel says the property will definitely shut down on Sunday.
Katie Daugherty, a spokeswoman for Caesars Entertainment, told The Associated Press on Wednesday that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday. The word came a day after Caesars officials conducted a tour of the … [Read more...]
Associated Press · August 27, 2014 at 1:49 pm
MADISON, Wis. (AP) - A poll shows strong support for a new tribal casino in Kenosha.
The Marquette University Law School poll released Wednesday shows 49 percent support the casino while 35 percent oppose it.
The Menominee Tribe wants to build an $810 million casino and Hard Rock Cafe complex in Kenosha. The project is running into opposition from the Forest County Potawatomi Tribe, which … [Read more...]
Associated Press · August 27, 2014 at 1:20 pm
GLENDALE, Ariz. (AP) - A southern Arizona tribe isn't letting state lawmakers' efforts keep it from breaking ground on a casino project in the city of Glendale.
The Tohono O'odham (ODD'-ham) Nation says a groundbreaking ceremony is scheduled Thursday morning. Some Glendale officials are expected to attend.
Supporters say the agreement between the city and the tribe to build the casino will … [Read more...]
Associated Press · August 27, 2014 at 11:47 am
Passenger traffic at McCarran International Airport has climbed up 1.9 percent compared with a year earlier.
Data released Wednesday show more than 3.7 million people arrived and departed from the Las Vegas airport in July.
The number of passengers flying domestically was up 1.7 percent, while international traffic was up 10.4 percent for the month. Domestic flights account for the vast … [Read more...]
Howard Stutz, Las Vegas Review-Journal · August 27, 2014 at 9:21 am
Victor Chaltiel, a businessman and member of the Las Vegas Sands Corp. board of directors, who ran unsuccessfully for Mayor of Las Vegas, died of cancer Monday.
Chaltiel, 72, became known to Southern Nevadans for his folksy television commercials during the 2011 mayor’s race in which he and supporters flashed two fingers in the shape of the letter “V” while proclaiming “V for Victor.”
A … [Read more...]
Jessica Morris, Bloomberg · August 27, 2014 at 8:57 am
(Bloomberg) --888 Holdings Plc posted a 5.3 percent decline in first-half profit as costs increased for marketing U.S. online poker and said Chief Executive Officer Brian Mattingley will step up to replace Richard Kilsby as chairman.
Kilsby will retire as non-executive chairman at next year’s annual shareholder meeting, while Mattingley will swap his role for that of executive chairman, the … [Read more...]