Wayne Parry, Associated Press · May 15, 2013 at 3:06 pm
ATLANTIC CITY, N.J. (AP) - Revel was given a second chance Wednesday from New Jersey casino regulators, and now it's seeking the same thing from customers.
In winning a reprieve, the bankrupt casino acknowledged several big mistakes, including preventing its guests from smoking; not paying enough attention to slots players; and booking too many hip acts at the expense of other forms of … [Read more...]
Gregory Katz, Associated Press · May 15, 2013 at 2:00 pm
LONDON (AP) - A major casino operator is accusing Phil Ivey, an American who is one of the world's top professional poker players, of amassing millions of dollars in winnings by cheating at baccarat.
Court papers filed in Britain's High Court by the Malaysia-based Genting Group say that Ivey and an accomplice successfully used a scam to rack up winnings of roughly 7.8 million pounds ($11.9 … [Read more...]
Associated Press · May 15, 2013 at 12:31 pm
SPRINGFIELD, Mass. (AP) - MGM Resorts International has announced that it's requesting a July 16 referendum in Springfield on its $800 million casino plan.
The formal request Tuesday follows the Springfield city council's approval last week of a host community agreement signed by Mayor Domenic Sarno and MGM. The agreement calls for the company to make annual payments of more than $25 million to … [Read more...]
Associated Press · May 15, 2013 at 3:10 am
HONG KONG (AP) - Macau casino operator SJM Holdings has received official approval to build a new resort in the world's biggest gambling center.
SJM said its contract for land in the Cotai district was published Wednesday in the official government gazette. The company is racing to catch up with rivals like Wynn Resorts and MGM.
The new projects are centered on the Cotai Strip, a patch of … [Read more...]
Tim O'Reiley, Las Vegas Review-Journal · May 14, 2013 at 9:03 pm
In a verdict challenged just four minutes after it was read, a 12-person jury awarded Hong Kong businessman Richard Suen $70 million for the consulting work he did a dozen years ago to help Las Vegas Sands Corp. enter the booming Macau market.
The jury reached its decision at mid-morning on Tuesday after starting deliberations late Friday afternoon but not working over the weekend. According to … [Read more...]
Howard Stutz, Las Vegas Review-Journal · May 14, 2013 at 9:00 pm
Station Casinos said Tuesday the company’s net revenues fell 2 percent in the first quarter as customers, feeling the effects of increased taxes and delays to federal tax refunds, gambled less.
The locals casino operator recorded a net loss of $142.1 million for the quarter that ended March 31, which was primarily because of the company’s $2.475 billion debt restructuring. A year ago, Station … [Read more...]
Laura Carroll, Las Vegas Review-Journal · May 14, 2013 at 8:35 pm
The Las Vegas Convention and Visitors Authority soon will purchase another slice of Sierra Vista Drive for a cool $4.6 million.
The purchaser was given the go-ahead to execute the sale by its board of directors Tuesday morning. Once the sale closes, the authority will own the parcel at 920 Sierra Vista Drive, known locally as the Sierra Vista Square Apartments. The 3.35-acre parcel will provide … [Read more...]
Associated Press · May 14, 2013 at 8:09 pm
TAUNTON, Mass. (AP) - On the eve of a key legislative hearing, the Mashpee Wampanoag tribe unveiled a new design on Tuesday for the $500 million resort casino it hopes to build if the tribe succeeds in getting state and federal approvals for the project.
The detailed architectural renderings were released at a meeting of the Taunton City Council on Tuesday. They revealed an S-shaped design for … [Read more...]
Howard Stutz, Las Vegas Review-Journal · May 14, 2013 at 7:41 pm
Wynn Resorts Ltd. Chairman Steve Wynn defended his recent remarks to Nevada lawmakers on the health of the gaming industry while voicing support for a broad-based tax on all companies and businesses earning more than $1 million annually.
Wynn, who traveled to Carson City on May 1 and met behind closed doors with the governor and legislative leaders, said in an interview Monday evening the … [Read more...]
Hannah Dreier, Associated Press · May 14, 2013 at 6:16 pm
LAS VEGAS (AP) - A jury on Tuesday dealt another defeat to casino mogul and Republican mega-donor Sheldon Adelson in his nine-year fight with a Hong Kong businessman, awarding the former consultant $70 million for helping Las Vegas Sands Corp. secure a lucrative gambling license in the Chinese enclave of Macau.
But Las Vegas Sands says it won't be paying up anytime soon.
Richard Suen claimed … [Read more...]
Howard Stutz, Las Vegas Review-Journal · May 14, 2013 at 5:19 pm
One of the largest shareholders in MGM Resorts International said Tuesday it would be willing to sell its stake in the hotel-casino operator for the right price.
In an interview with Dow Jones News Service, a representative of Dubai World, the investment arm for the Persian Gulf emirate, said it rejected an offer for its 5.3 percent ownership as late as last year.
However, Sheikh Ahmed bin … [Read more...]
Howard Stutz, Las Vegas Review-Journal · May 14, 2013 at 5:04 pm
Shareholders of Affinity Gaming voted Tuesday to expand the Las Vegas-based casino operator’s board of directors from five members to seven.
Elected to Affinity’s board were Thomas M. Benninger, Matthew A. Doheny, Randall A. Fine, Don R. Kornstein, Richard S. Parisi, David D. Ross and Eric V. Tanjeloff.
Individual vote totals were not announced. However, the directors were elected until 2014 … [Read more...]
Gary Fineout, Associated Press · May 14, 2013 at 4:31 pm
TALLAHASSEE, Fla. (AP) - No one is quite sure if the numbers will add up, but the Florida Lottery on Wednesday will start selling tickets to the popular Mega Millions lottery game.
Lottery officials are launching the multi-game state with a bit of a flash, even scheduling an opening day celebration at a Fort Myers convenience store. There are expectations that the game will be a big success, … [Read more...]
Barbara Rodriguez, Associated Press · May 14, 2013 at 4:10 pm
DES MOINES, Iowa (AP) - The Powerball jackpot is climbing again, and fast.
In just a few short weeks, the jackpot has ballooned to an estimated $360 million, making it the third largest Powerball jackpot and the seventh largest jackpot ever.
Iowa Lottery spokeswoman Mary Neubauer says the "cross-selling" of Powerball and Mega Millions tickets, as well as a game redesign in 2012, boosted … [Read more...]
Chris Sieroty, Las Vegas Review-Journal · May 14, 2013 at 3:33 pm
Fifth Street Gaming, developer and operator of the Downtown Grand, has signed a long-term agreement with William Hill to operate a race and sports book at the downtown Las Vegas casino, the company said Tuesday.
Financial terms of the deal were not disclosed. The deal has to be approved by Nevada gaming regulators.
The Downtown Grand is expected to open in September and is located on Third … [Read more...]
Associated Press · May 14, 2013 at 2:48 pm
PHOENIX (AP) - Opponents of a proposed Las Vegas-style casino near Phoenix said Monday that a federal judge overlooked important evidence when ruling that the Tohono O'odham Nation's construction plan doesn't violate state gambling laws.
The legal team representing Arizona, the Gila River Indian Community and the Salt River Pima-Maricopa Indian Community said in a motion for partial … [Read more...]
Associated Press · May 14, 2013 at 1:15 pm
LAUSANNE, Switzerland (AP) - The IOC is proposing the establishment of a global system for monitoring betting patterns during major sports events, the latest step in efforts to guard against corruption and match-fixing.
An International Olympic Committee working group held its fourth meeting Tuesday on the threat of illegal and irregular betting in sports.
The IOC already has its own system … [Read more...]
Alan Snel, Las Vegas Review-Journal · May 14, 2013 at 5:56 am
(New York, Las Vegas) Lorenzo Fertitta, Ultimate Fighting Championship chief executive and chairman, is leading a contingent of UFC staffers and fighters Tuesday on a one-day tour of three upstate New York cities to extol the economic virtues of hosting a UFC event.
Fertitta plus two key UFC executives and three fighters are making stops in Buffalo, Rochester and Syracuse to discuss spending … [Read more...]
Laura Carroll, Las Vegas Review-Journal · May 14, 2013 at 1:24 am
It’s not the wine talking. Those prices really might be creeping up on you.
Wine prices in U.S. restaurants have been rising steadily since the last quarter of 2012, with family dining and white-tablecloth establishments seeing the biggest increases, according to Restaurant Sciences, an independent firm that tracks food and beverage product sales throughout the food service industry in North … [Read more...]
Howard Stutz, Las Vegas Review-Journal · May 13, 2013 at 11:25 pm
(Nevada) State gaming regulators are looking into the relationship between 2-week-old Internet poker website Ultimate Poker and an unlicensed service provider used to identify new players.
In an email, Gaming Control Board Chairman A.G. Burnett said gaming agents are working with officials from Ultimate, which is majority owned by Station Casinos.
Over the weekend, Ultimate Gaming, parent of … [Read more...]
Tim O'Reiley, Las Vegas Review-Journal · May 13, 2013 at 7:53 pm
Affinity Gaming gained limited breathing space Monday in its on-going legal battle with largest shareholder Z Capital Partners.
At a hearing, Clark County District Judge Mark Denton put on hold for 15 days his preliminary injunction issued last week that stopped Affinity from setting its poison pill in motion if Z Capital buys any more stock. Affinity said it would file an appeal with the … [Read more...]
Tim O'Reiley, Las Vegas Review-Journal · May 13, 2013 at 6:45 pm
(Las Vegas) Jury deliberations in the Richard Suen case were interrupted on Monday afternoon after one of the jurors sent Clark County District Judge Rob Bare a note asking to be kept separate from the rest of the jury.
After talking behind closed doors with the female juror, who was otherwise unidentified, Bare sent the entire 12-member panel back into the deliberation room together. Attorneys … [Read more...]
Associated Press · May 13, 2013 at 5:02 pm
CAMDEN, N.J. (AP) - Revel will be getting a new start soon - with new owners.
A bankruptcy court judge on Monday approved the Atlantic City casino's Chapter 11 reorganization plan that wipes out most of its debt and provides new money for it to operate.
Judge Judith Wizmur gave the OK to Revel's plan to grant an 82 percent ownership stake to lenders in return for canceling $1.2 billion worth … [Read more...]
Nicholas K. Geranios, Associated Press · May 13, 2013 at 1:17 pm
AIRWAY HEIGHTS, Wash. (AP) - Some big decisions that could help decide the future of Spokane's Fairchild Air Force Base are expected soon.
The Air Force this week is expected to decide if Fairchild will serve as the first base for the next generation of air refueling tankers.
And the Bureau of Indian Affairs is expected to decide soon whether a big Indian casino can be built just a short … [Read more...]
Associated Press · May 13, 2013 at 3:53 am
SYDNEY (AP) - One of Australia's top thoroughbred horse trainers and a prominent owner have been charged in relation to a race at Sydney's Randwick when a second favorite placed second-last in a race, prompting a stewards inquiry and instigating an ugly spat involving some of the biggest names in the industry.
Gai Waterhouse and John Singleton, the trainer and owner, respectively, of mare More … [Read more...]
Free trial subscription available when you use your company email address. Receive the Flash, Last Call, Adams Daily Report, Weekend Report, HOT Clicks and more.