Gaming

Caesars earnings suffer big-time despite Linq boost

An exterior view of Caesars Palace.

Caesars Entertainment, the Las Vegas-based casino and resort giant, announced its second-quarter earnings today. In prepared remarks to shareholders, CEO Gary Loveman said Las Vegas spending ...

11 August 2014
By J.D. Morris

Gtech-IGT buyout passes initial regulatory hurdle

A man plays an "Avatar"-themed video slot machine by International Game Technology (IGT) during the G2E convention at the Sands Expo Center Tuesday, Sept. 24, 2013.

Italian lottery operator Gtech and Nevada-based International Game Technology say they've cleared one regulatory hurdle in a multi-billion-dollar buyout that ...

11 August 2014
Associated Press

Las Vegas gambler, 2 others suing Foxwoods casino for $3 million

An undated aerial view of the Foxwoods Resort Casino on the Mashantucket Pequot Indian Reservation in Ledyard, Conn.

Three gamblers have filed a lawsuit against Foxwoods Resort Casino alleging the eastern Connecticut casino failed to pay them more than $1.1 million that they won in a table game in 2011 and didn't ...

11 August 2014
Associated Press

Casinos want customers to stop leaving kids in cars while they gamble

The casino industry is partnering with child safety advocates to try to stop casino customers from leaving children unattended in cars while they gamble — an issue all over the country, including in Maryland, where a 4-year-old was left alone in a parking garage for...

8 August 2014
The Washington Post

Slot-machine science: How casinos get you to spend more money

Gamblers try their luck with slot machines during the opening of the casino floor at the Cromwell, formerly Bill's Gamblin' Hall & Saloon, on the Las Vegas Strip and Flamingo Avenue, Monday, April 21, 2014.

The next time you find yourself in a casino, pause for a second to appreciate the architecture. Casinos put an enormous amount of thought into their designs — they're all explicitly engineered to ...

7 August 2014
Vox

Sides in fight over Massachusetts casino law ready to raise their voices

This Wednesday, Aug. 22, 2012, file photo of an artist rendering provided by MGM Resorts International via The Republican shows part of a proposed casino complex in Springfield, Mass.

http://www.bostonglobe.com/metro/2014/08/06/casino/t6aiEZnwbdBBEDf3jpqMEI/story.html

7 August 2014
Boston Globe

SLS Las Vegas gets preliminary OK for gaming license

A view of SLS Las Vegas as seen from atop Allure Las Vegas on Friday, July 4, 2014.

The Nevada Gaming Control Board today gave preliminary approval for a gaming license for SLS Las Vegas, which is set to open later this month on ...

6 August 2014
By Cy Ryan

Donald Trump sues to get his name off casinos

This July 24, 2014, photo shows several lights burned out in the illuminated facade of the Trump Plaza Hotel Casino in Atlantic City, Tuesday Aug. 5, 2014.

Donald Trump has a message for the two Atlantic City casinos that still bear his name, five years after he gave up anything to do with ...

5 August 2014
By Wayne Parry, Associated Press

Caesars Entertainment, creditors trade lawsuits

Gary Loveman, president, CEO and chairman of Caesars Entertainment, delivers a keynote address during the Global Gaming Expo at the Las Vegas Convention Center on Wednesday, Nov. 17, 2010.

Caesars Entertainment’s ongoing financial troubles escalated this week with two lawsuits, one from the casino company alleging that some creditors are trying to force a default and another from creditors alleging Caesars transferred assets fraudulently. The first lawsuit was filed Monday by...

5 August 2014
By J.D. Morris

Why Las Vegas has recovered better than Atlantic City since the recession

Tourists pose in front of the iconic Welcome to Fabulous Las Vegas sign Tuesday, March 6, 2012.

The recession hit gambling destination cities Las Vegas and Atlantic City especially hard, but though Las Vegas has been able to recover, Atlantic City has not, due in large part to ...

5 August 2014
The Washington Post

MGM Resorts returns to profit in 2nd quarter

This is an exterior photo of the MGM Grand on the Las Vegas Strip.

MGM Resorts International, the owner of such iconic Strip properties as the MGM Grand, Bellagio and New York-New York, announced its second-quarter earnings today. The company also has

5 August 2014
By J.D. Morris

Tribe, Treasure Island owner partner for Kansas casino

An Oklahoma-based tribe is partnering with the owner of a Las Vegas hotel to reopen a track in southeast Kansas and convert it to a casino. Phil Ruffin is owner of Las Vegas' Treasure Island Hotel and Casino and...

4 August 2014
Associated Press

Australian billionaire planning new Strip casino

The 34.6-acre site of the New Frontier sold for $1.2 billion in 2007.

Australian casino mogul James Packer has acquired the former New Frontier site on the north Las Vegas Strip and plans to build a resort there. Packer, the billionaire chairman of Crown Resorts Ltd., has teamed with...

4 August 2014
By Eli Segall

Bally move makes it one of two industry ‘behemoths,’ analyst says

In this June 6, 2007, file photo, Bally Technologies slot machines are showcased at the Palms hotel-casino in Las Vegas.

A $3.3 billion merger between Scientific Games and Bally Technologies will make the newly combined gambling equipment company one of two giants in its industry. It comes on the heels of ...

1 August 2014
By J.D. Morris

MGM Resorts finalizes purchase of 2 Massachusetts properties

This Wednesday, Aug. 22, 2012, file photo of an artist rendering provided by MGM Resorts International via The Republican shows part of a proposed casino complex in Springfield, Mass.

MGM Resorts International has taken ownership of two city-owned properties in downtown Springfield as it plans to build an $800 million casino there. City and casino officials confirmed Friday that the Las Vegas-based casino giant closed on the...

1 August 2014
By Philip Marcelo, Associated Press
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