Gaming - VEGAS INC

Penn National Gaming reports 4th-quarter loss of $888 million

Wyomissing, Pa.-based Penn National Gaming, operators of the M Resort and 25 other casino and racino properties in 17 jurisdictions, reported its fourth-quarter earnings Thursday.

6 February 2014

By Richard N. Velotta

In Macau, signs of a slowdown in gaming revenue

A late-afternoon view of Venetian Macau from a Crown Towers suite

http://www.macaudailytimes.com.mo/macau/50475-signs-of-a-slowdown-in-gaming-revenue.html

5 February 2014

Macau Times

'We are back': SLS Las Vegas opening Labor Day weekend

An exterior view of SLS Resort (formerly the Sahara) on Las Vegas Boulevard on Monday, July 15, 2013.

The announcement arrived today in the form of a banner across the forthcoming resort’s website, where SBE Entertainment CEO Sam Nazarian posted a blog item about the opening.

5 February 2014

By Ed Komenda

Despite arrests, businessman recommended for Nevada gaming license

The Nevada Gaming Control Board conducted a suitability hearing and considered the licensing of Todd McTavish, senior vice president, general counsel and chief compliance officer for Austin, Texas-based Multimedia Games.

5 February 2014

By Richard N. Velotta

Study: 10 US states considering Internet gambling bills

This Jan. 31, 2014, photo shows a game of Internet Texas Hold-Em being played on a computer screen in Atlantic City N.J.

At least 10 U.S. states are considering bills to legalize or expand Internet gambling this year, according to a group that tracks gambling-related legislation worldwide.

5 February 2014

By Wayne Parry, Associated Press

Fans bet record $119 million on Super Bowl at Nevada casinos

Gamblers wait in line to place bets after Super Bowl XLVIII proposition bets were posted at the Las Vegas Hotel Superbook Thursday Jan. 23, 2014.

Sports fans bet a record $119.4 million at Nevada casinos on the Super Bowl. Unaudited tallies showed sportsbooks made an unprecedented profit of $19.7 million.

3 February 2014

By Hannah Dreier, Associated Press

New Jersey OKs Wynn for online gambling deal with Caesars

Steve Wynn meets with the media in a villa at Wynn Las Vegas on Wednesday, April 27, 2011.

IIn the decades since he left Atlantic City for the more prosperous sands of Las Vegas, casino mogul Steve Wynn has repeatedly considered a return here, only to decide against it.

3 February 2014

By Wayne Parry, Associated Press

Judge puts hold on razing flawed Harmon tower

An exterior view of the Harmon Hotel tower, center, in CityCenter as seen from the Cosmopolitan on Friday, Dec. 20, 2013, in Las Vegas.

The hulking, empty Harmon Hotel tower at CityCenter will stay up for now. Clark County District Judge Elizabeth Gonzalez issued an order today requiring the casino owners to postpone demolishing the flawed tower.

31 January 2014

By Hannah Dreier, Associated Press

Nevada casinos won $11.1 billion last year, best since 2008

Tourists walk on the Las Vegas Strip on Thursday, April 28, 2011.

Nevada casinos ended 2013 with a strong win of $1 billion in December, up 9.6 percent from the same month in 2012.

31 January 2014

By Cy Ryan

Las Vegas Sands 4th-quarter earnings up almost 32 percent

Las Vegas Sands casino sits behind the Fishermans Wharf in Macau in this Feb. 7, 2006, photo.

Las Vegas Sands, operator of the Venetian and Palazzo resorts on the Strip and properties in Macau and Singapore, reported its fourth-quarter earnings Wednesday.

29 January 2014

By Richard N. Velotta

Union employees ratify 5-year contract with Caesars Entertainment

An exterior view of Caesars Palace, June 6, 2013.

Union workers have secured a fresh five-year contract with Caesars Entertainment. Under the new agreement, there will be no pay raises for workers in the first year, but health insurance remains intact.

29 January 2014

By Ed Komenda

Sony wants to film 'Mall Cop' sequel at Wynn Las Vegas

Kevin James starred in “Paul Blart: Mall Cop” and its sequel, which was the first film to receive a tax break after Nevada’s 2013 legislative session.

Sony Pictures is the first to formally apply for a tax credit under Nevada's new $20 million program intended to help bring the filming of more major motion pictures to the state.

28 January 2014

Associated Press

More TV games bringing more action than ever to Las Vegas sports books

The Race & Sports Book at Green Valley Ranch in Henderson on Tuesday, March 13, 2012.

With the Super Bowl approaching, fans are talking trash, buying snacks, and, more than ever, placing bets. Fans bet an unprecedented $99 million on the Super Bowl last year, and the Nevada gambling industry expects to break the record again Sunday, barring a snowstorm.

27 January 2014

By Hannah Dreier, Associated Press

Clogged pipe brings arrest in Atlantic City fake-chips case

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 clogged pipe at an Atlantic City casino hotel room led to the discovery of counterfeit poker chips with a tournament value of 2.7 million that had been flushed down a toilet. That, in turn, led authorities to a man they say sneaked fake chips into a poker tournament at the Borgata.

24 January 2014

By Wayne Parry, Associated Press

Use of prepaid cards for slot play worries problem gambling advocates

Two patrons of the Grand Victoria Riverboat Casino play slots next to one of several ATMs in 1999 in Elgin, Ill.

For years, gaming regulators have created barriers between debit or credit cards and slot machines so that gamblers wouldn't drain their bank accounts or ruin their credit ratings. While they've allowed automated teller machines at casino properties, regulators have never crossed the line of enabling players to put their cards into a slot machine to access money directly.