Sands’ lawyers try to emphasize scant evidence of Suen contribution to Macau entry (LVRJ)Tim O'Reiley, Las Vegas Review-Journal · April 26, 2013 at 7:10 amThe Las Vegas Sands Corp. legal team spent much of Thursday highlighting the scant hard evidence that one-time consultant Richard Suen contributed to the company’s entry into Macau but did encounter a judicial brushback at one point. Attorney Richard Sauber… [continue reading]
Wynn Resorts earns $202.9 million in first quarter, tops expectations (LVRJ)Chris Sieroty, Las Vegas Review-Journal · April 25, 2013 at 8:03 pmWynn Resorts Ltd. first-quarter profit rose modestly but enough to easily beating analysts’ expectations as the gaming company reported higher occupancy and improved revenues at its casinos in Las Vegas and Macau. The company’s success has been driven by a… [continue reading]
Slot-machine sales, social gaming boost IGT earnings (LVRJ)April 25, 2013 at 7:38 pmChris Sieroty, Las Vegas Review-Journal International Game Technology, a slot machine manufacturer and social gaming company, reported a modest increase in profit for its second quarter, helped significantly by growth in machine sales and social gaming. The company Thursday posted… [continue reading]
Wynn’s net income rises 5 percent in 1st quarter (AP)April 25, 2013 at 6:44 pmLAS VEGAS (AP) – Wynn Resorts Ltd.’s net income rose about 5 percent in the first three months of the year, as the casino operator benefited from improved revenue and higher occupancy at its resorts. The company, led by billionaire… [continue reading]
Audit: Racing industry waiting for millions (AP)April 25, 2013 at 6:04 pmJohn O’Connor, Associated Press SPRINGFIELD, Ill. (AP) – Illinois lawmakers never changed state law to allow the transfer of tens of millions of dollars due to the state’s horse racing industry, so the money is sitting unused in a Gaming Board… [continue reading]
Mass. city announces casino deal with Wynn (AP)April 25, 2013 at 6:04 pm(Updated) EVERETT, Mass. (AP) – Las Vegas casino operator Steve Wynn would make $30 million in advance payments to the city of Everett and more than $25 million in annual payments once a proposed resort casino was open for business,… [continue reading]
Illinois Senate working to improve odds for gambling bill (AP)April 25, 2013 at 5:13 pmSara Burnett, Associated Press SPRINGFIELD, Ill. (AP) – Supporters of a proposal to expand gambling in Illinois are tweaking the legislation in hopes of improving its chances with the Legislature and Gov. Pat Quinn, who has vetoed two previous proposals and… [continue reading]
Cantor Gaming signs deal with Atlantis resort in the Bahamas (LVRJ)Chris Sieroty, Las Vegas Review-Journal · April 25, 2013 at 4:04 pmCantor Gaming signed a deal Thursday with the Atlantis casino in the Bahamas to provide the resort with mobile casino gaming and mobile sports wagering, as well as a new sports book. This is the first mobile wagering deal involving… [continue reading]
Ameristar Casinos shareholders OK company’s sale to Pinnacle Entertainment (LVRJ)April 25, 2013 at 2:19 pmHoward Stutz, Las Vegas Review-Journal Ameristar Casinos shareholders on Thursday approved the company’s sale to rival regional gaming giant Pinnacle Entertainment on a nearly unanimous vote. Pinnacle announced plans in December to acquire Ameristar’s eight casinos in Northern Nevada, Missouri,… [continue reading]
Wynn Resorts announces casino deal in Massachusetts (LVRJ)April 25, 2013 at 1:08 pmChris Sieroty, Las Vegas Review-Journal Wynn Resorts Ltd. plans to announce on Thursday details of a host community agreement reached after negotiations with Everett, Mass., Mayor Carlo DeMaria and city officials. The agreement will require approval by city voters in… [continue reading]
Sands’ attorneys try to pinpoint changes in ex-consultant’s story (LVRJ)April 25, 2013 at 5:03 amTim O’Reiley, Las Vegas Review-Journal Richard Suen spent Wednesday afternoon on the witness stand recounting more aspects of his consulting work for Las Vegas Sands Corp. as the company’s lawyers again tried to highlight more perceived changes in his story…. [continue reading]
Slot-maker Bally reports record third-quarter revenue of $259 million (LVRJ)April 25, 2013 at 5:03 amChris Sieroty, Las Vegas Review-Journal Bally Technologies Inc., helped by record-setting revenues, on Wednesday reported an increase in profit for the third quarter. The company also has raised its outlook for fiscal 2013. The Las Vegas-based slot machine manufacturer reported… [continue reading]
Boyd Gaming posts loss, but revenue surges, shares move higher (LVRJ)April 25, 2013 at 5:02 amChris Sieroty, Las Vegas Review-Journal Boyd Gaming Corp. posted a first-quarter loss Wednesday, reversing a profit in the year-ago period, as the gaming company added new casinos and incurred other one-time costs related to selling noncore assets to strengthen its… [continue reading]
Slots parlor developer releases Worcester plans (AP)April 24, 2013 at 8:40 pmWORCESTER, Mass. (AP) – Developers of a proposed slots parlor in Worcester have released plans and renderings of the $240 million project. Mass Gaming & Entertainment LLC is planning a “destination gaming facility” at the vacant 14-acre Wyman-Gordon industrial property…. [continue reading]
Hard Rock invests in Meadowlands track (AP)April 24, 2013 at 5:46 pmEAST RUTHERFORD, N.J. (AP) – Seven months after bailing on Atlantic City, the casino-entertainment company Hard Rock International announced Wednesday it is investing in the Meadowlands Racetrack with an eye toward potentially expanding the region’s gambling offerings. The announcement comes… [continue reading]
New Jersey’s top gaming regulator maintains balancing act (LVRJ)April 24, 2013 at 4:05 pmHoward Stutz, Las Vegas Review-Journal ATLANTIC CITY — As chief regulator for New Jersey’s struggling casino industry, Matthew Levinson has an interesting balancing act. The Casino Control Commission must ensure the market is free of corruption. At the same time,… [continue reading]
State lottery lives on in Texas House – but barely (AP)April 24, 2013 at 3:30 pmWill Weissert, Associated Press AUSTIN, Texas (AP) – Turns out the survival of the Texas Lottery had better odds than its games – but just barely. A Wednesday vote in the House to disband the lottery in four years garnered… [continue reading]
Old Golden Palm casino in Vegas may reopen as barApril 24, 2013 at 3:27 pmAssociated Press Marvin Lipschultz’s desk hangs a reminder of what the 3.5 acres of land below him could have been. It’s an artist’s rendering of an aqua blue 41-story hotel called One Trop. Lipschultz looks at it daily from his… [continue reading]
Las Vegas Sands attorneys strive to discredit Suen (LVRJ)April 23, 2013 at 8:44 pmTim O’Reiley, Las Vegas Review-Journal Las Vegas Sands Corp. attorneys’ push on Tuesday to discredit one-time consultant Richard Suen’s credibility highlighted perceived discrepancies with past testimony over matters such as a business plan with an acrylic cover and the meaning… [continue reading]
Equity betting bill clears Nevada Senate (LVRJ)April 23, 2013 at 8:04 pmSean Whaley, Las Vegas Review-Journal CARSON CITY — A bill that would allow private equity groups to place large bets at Nevada sports books saw near unanimous support Tuesday in the Senate. Senate Bill 346, which would authorize the Nevada… [continue reading]
Indiana lawmakers might not help casinos much (AP)April 23, 2013 at 7:07 pmTom Davies, Associated Press INDIANAPOLIS (AP) – Indiana’s casinos have pumped billions of dollars into state coffers since they first opened in the mid-1990s, growing so fast that gamblers spent more money there than any state but Nevada or New… [continue reading]
In reversal, Texas House reauthorizes Lottery Commission (AP)April 23, 2013 at 6:42 pmWill Weissert, Associated Press AUSTIN, Texas (AP) – The Texas House cast a shocking vote on Tuesday to potentially dismantle the state lottery – only to reverse itself after a few frantic hours. House Bill 2197 began as a seemingly… [continue reading]
Nevada Senate Oks equity group sports betting (AP)April 23, 2013 at 6:16 pmCARSON CITY, Nev. (AP) – Private equity groups could make large bets at Nevada sports books under a bill advancing in the Nevada Legislature. AB346 was passed unanimously Tuesday by the Nevada Senate. One lawmaker abstained. Under existing law, only… [continue reading]
Springfield Mayor: No casino vote on June 25 (AP)April 23, 2013 at 4:48 pmSPRINGFIELD, Mass. (AP) – The city of Springfield will not hold a casino referendum on the same day that Massachusetts voters go to the polls to elect a new U.S. senator, Mayor Domenic Sarno announced on Tuesday. City officials have… [continue reading]
Caesars Entertainment creating ‘growth-oriented’ business (LVRJ)April 23, 2013 at 10:37 amHoward Stutz, Las Vegas Review-Journal Caesars Entertainment Corp. said Tuesday it will spin off its interactive gaming business, Planet Hollywood and a planned casino in Baltimore into a separate company owned in part by the casino operator, the company’s stockholders… [continue reading]
