Gaming - VEGAS INC

Kabuki show debuts at Bellagio as MGM eyes Japan

Performers stand onstage during the "Kabuki Spectacle" on Friday, Aug. 14, 2015, at Bellagio. Singers and dancers performed the ancient Japanese storytelling art as the Bellagio Fountains functioned as a massive watery movie screen behind them, displaying animated scenes.

Las Vegas can be many things to many people, but MGM Resorts International wants leaders and visitors from Japan to know that its resorts are more than gambling hubs. The company, which has long sought to build a resort-casino in Japan, is hosting an elaborate "Kabuki Spectacle" this weekend (it got underway Friday night, with showings Saturday and Sunday nights) on the Las Vegas Strip. Singers and ...

14 August 2015

By Kimberly Pierceall, Associated Press

Las Vegas Club sold to owners of the D casino

Las Vegas Club in downtown Las Vegas on Sunday, Jan. 20, 2013.

The Las Vegas Club, an aging Fremont Street casino that was partly closed more than two years ago, has been sold to a pair of other downtown casino owners. Jonathan Jossel, CEO of the company that operates ...

14 August 2015

By J.D. Morris

Revenue, earnings up for Stratosphere parent company in 2nd quarter

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

The company that controls the Stratosphere, the two Arizona Charlie’s locations and the Aquarius in Laughlin reported its second-quarter earnings today. The company ...

14 August 2015

By J.D. Morris

International Game Technology working on deal to sell Las Vegas headquarters

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

CEO Marco Sala said IGT has entered into a letter of intent to sell the southwest valley headquarters, although the company will probably set up a lease-back ...

14 August 2015

By J.D. Morris

Five years later, Maryland casinos have addiction, crime, half-filled promises in wake

Horseshoe Casino Baltimore opened to the public on August 26, 2014.

http://www.citypaper.com/news/features/bcp-081215-feature-gambling-20150811-story.html#page=1

13 August 2015

By Sam Skolnik, City Paper

Man admits bringing counterfeit chips to poker tournament

In this June 26, 2013, photo, the Borgata Hotel Casino & Spa is seen in Atlantic City, N.J., with the nearby Water Club reflected in its gold glass facade.

A man admitted Thursday that he brought millions of dollars in counterfeit poker chips to use in a casino's poker tournament, a scheme that was uncovered when he ...

13 August 2015

Associated Press

Fresh off merger with Gtech, IGT reports higher revenue, loss in second quarter

This was the first time the combined version of IGT and Gtech has reported its earnings as one company ...

11 August 2015

By J.D. Morris

Tourism board approves $42 million Riviera demolition plan

Traffic passes in front of the Riviera on Sunday, May 3, 2015, in Las Vegas. The casino closed at noon May 4.

The Riviera will be destroyed under a $42 million plan approved by Las Vegas tourism officials. It’s still unclear ...

11 August 2015

By J.D. Morris

Big changes ahead for MGM Resorts

An artist’s rendering of MGM Resorts International’s project the Park, which will connect New York-New York and Monte Carlo with an eight-acre outdoor experience.

From Nevada to the East Coast and beyond, the empire of properties controlled by casino juggernaut MGM Resorts International is in the midst of a major evolution ...

10 August 2015

By J.D. Morris

Cosmopolitan reports first-ever quarterly profit

In the center of the casino floor sits Cosmopolitan's literal crown jewel. The Chandelier is a three-tiered bar and lounge encased by two million crystals dripping in strands from the ceiling almost to the floor, creating the sense of a fantastical, inhabited chandelier.

This was the first profitable quarter for the resort, which was purchased by Blackstone last year for $1.73 billion. While net revenue ...

7 August 2015

By J.D. Morris

Gaming board continues work on rules for skill-based slots

A rendering commissioned by the Association of Gaming Equipment Manufacturers shows what a casino could look like with the addition of games allowed under Senate Bill 9.

Nevada officials are continuing to craft regulations that could bring big technological changes to state slot machines, but it will be a while before any of the new games ...

6 August 2015

By J.D. Morris

Penn National’s Tropicana purchase gets first regulatory approval in Nevada

The exterior of the Tropicana on the Las Vegas Strip.

Penn National Gaming’s purchase of the Tropicana cleared its first major regulatory hurdle today. The Gaming Control Board said the casino company can buy the classic Strip resort for $360 million, a plan that ...

5 August 2015

By J.D. Morris

Caesars boosts revenue, turns around loss in second quarter

Dealer Karine Martirosyan waits for players at her roulette table during the official opening Thursday, Oct. 30, 2014, of the Linq Hotel. The property, formerly Imperial Palace and the Quad, is in the process of a $223 million renovation.

Caesars said its revenue increased because of recent renovations to the Linq hotel, growth in the company’s interactive division, “strong hospitality performance” and ...

4 August 2015

By J.D. Morris

MGM Resorts files lawsuit against Connecticut officials

A rendering shows the $800 million MGM Springfield in Massachusetts.

Casino developer MGM Resorts International filed a lawsuit Tuesday against several top state officials, including Democratic Gov. Dannel P. Malloy, saying a law he signed that could lead to a third tribal casino in the state is unconstitutional because ...

4 August 2015

By Susan Haigh, Associated Press

MGM Resorts revenue drops 7.6 percent in 2nd quarter; CEO says Mirage not for sale

MGM Resorts International, the casino giant whose Strip properties include Bellagio, MGM Grand and Aria, reported its second-quarter earnings today. Macau continued to be problematic for MGM, as it has been for other casino companies that operate there. Revenue from the MGM China subsidiary dropped 33 percent from ...