Gaming - VEGAS INC

Caesars appeals court ruling that opens it up to $364 million claim

Casino giant Caesars Entertainment is appealing a bankruptcy court ruling that could put it on the hook for nearly $364 million. That's the amount a pension fund wants Caesars to ...

25 November 2015

By Kimberly Pierceall, Associated Press

Analysis: DraftKings, FanDuel wrong for now, but on right side

In this Sunday, Oct. 25, 2015, photo, workers set up a DraftKings promotions tent in the parking lot of Gillette Stadium in Foxborough, Mass., before a game between the New England Patriots and New York Jets.

Say goodbye to all those annoying commercials. Forget about the promise of winning millions of dollars. The courts are sure to find what the rest of us already know ...

21 November 2015

By Paul Newberry, Associated Press

Stockbridge approved to acquire remaining 10 percent of SLS; Nazarian, SBE Entertainment out

Stockbridge Capital received final approval from Nevada gaming regulators today to acquire the remaining 10 percent of SLS Las Vegas. Stockbridge already owns ...

19 November 2015

Stevens brothers get final OK for full ownership of Golden Gate

The Golden Gate hotel-casino in downtown Las Vegas Sunday, Nov. 1, 2015.

Downtown Las Vegas casino owner Derek Stevens and his brother today received final regulatory approval to increase their ownership interest in the Golden Gate. The Nevada Gaming Commission ...

19 November 2015

Eldorado Resorts gets final OK to take control of two MGM casinos in Reno

Downtown Reno photographed Saturday, February 26, 2000.

Eldorado Resorts Inc. today received the final blessing of state regulators to take over MGM Resorts International’s ownership of two Reno casinos. The Nevada Gaming Commission ...

19 November 2015

By J.D. Morris

Wynn Resorts says opening of second Macau resort delayed

Wynn Resorts said Wednesday that the opening of its second resort in Macau has been delayed by three months. The Wynn Palace Cotai in the gambling enclave in China will open in June of next year instead ...

18 November 2015

Associated Press

City of Las Vegas declines to help Lucky Dragon casino project

A view of the Lucky Dragon Hotel & Casino construction site at 300 W. Sahara Ave. Sunday, Aug. 30, 2015.

The Lucky Dragon, a planned Asian-themed hotel and casino being built just off the north Strip, failed today to advance its plan to get financial help from Las Vegas city leaders. Las Vegas City Council members ...

18 November 2015

By J.D. Morris

New York expands inquiry of fantasy sites to Yahoo

A sign outside Yahoo’s headquarters Wednesday, Jan. 14, 2015, in Sunnyvale, Calif.

The New York state attorney general has expanded his investigation into daily fantasy sport sites, with measures including the issuance of a subpoena to the online media company Yahoo ...

18 November 2015

By Joe Drape, New York Times News Service

Judge won’t issue order to keep daily fantasy sports in N.Y.

In this Wednesday, Sept. 9, 2015, photo, an employee in the software development department of DraftKings, a daily fantasy sports company, walks past screens displaying the company's online system stats in Boston.

A New York judge on Monday rejected the requests of daily fantasy sports operators DraftKings and FanDuel for temporary restraining orders to block the state attorney general's attempt to ...

16 November 2015

By Deepti Hajela, Associated Press

Stratosphere owner grows revenue 6.6 percent but reports 3rd-quarter loss

A view of the main entryway at the Stratosphere on Thursday, April 5, 2012.

The company that runs the Stratosphere, the two Arizona Charlie’s properties and the Aquarius in Laughlin reported its third-quarter earnings today. The increase in net revenue was the result strong performance in all major areas: more slot and table games revenue, increased ...

16 November 2015

By J.D. Morris

DraftKings leaves door unlocked for barred fantasy sports players

Starting next week, the two leading daily fantasy sports sites will be barred from taking bets from New York state. But one of them, DraftKings, leaves open a simple digital loophole that may let New Yorkers play ...

14 November 2015

By James Glanz and Jacqueline Williams, New York Times News Service

Cosmopolitan reports second straight quarterly profit

The Cosmopolitan of Las Vegas reported its third-quarter earnings to the Securities and Exchange Commission today. This is the second quarter in a row that the typically money-losing resort has ...

13 November 2015

By J.D. Morris

SLS Las Vegas reports $38.7 million loss in 3rd quarter

SLS Las Vegas reported its third-quarter earnings to the Securities and Exchange Commission today. The SLS has yet to overcome the challenge posed by its location on the far end of the north Strip, well removed from the foot traffic and visibility enjoyed by the resorts farther south. But the resort made some progress in the third quarter on the casino side, where revenue rose to $9.9 million from about $9.5 million in the second quarter and ...

13 November 2015

By J.D. Morris

Illinois Lottery ticket sales plunge after payout delay

In this March 29, 2012, file photo, a customer fills out a lottery form for the Mega Millions drawing in Chicago. Illinois Lottery ticket sales have plummeted since lottery officials announced delaying payouts over $600 because of the state budget impasse.

Illinois Lottery ticket sales dropped to the lowest point yet this year in October, the same month lottery officials announced they were delaying payouts over $600 because of the state budget impasse, according to data obtained Thursday by The Associated Press. Sales for most tickets, including instant games and ...

12 November 2015

By Sophia Tareen, Associated Press

Merger produces big revenue growth, lower profit for IGT in 3rd quarter

An exterior view of International Game Technology headquarters at 6355 S. Buffalo Drive on Thursday, Aug. 13, 2015.

International Game Technology, a major slot machine and lottery company, reported its third-quarter earnings today. The company in its current form was created by a $6.4 billion merger of the Italian lottery operator Gtech and ...