Gaming

Nevada gaming officials end Wynn investigation

Las Vegas casino mogul Steve Wynn, right, talks with Kazuo Okada during a Gaming Commission hearing Thursday, June 17, 2004, in Carson City, where Okada received approval for a license for his Japanese Aruze Corporation to manufacture and sell slot machines in Nevada.

Wynn Resorts Ltd. said Monday that Nevada gaming officials have ended their investigation into allegations by a Japanese billionaire that the casino operator made an improper donation to the University of Macau and found no evidence of wrongdoing.

Meet 3 who have gained a following for their sports-handicapping skills

Las Vegas has a history of people who have parlayed sports gambling into fame and fortune. Among those in Las Vegas now making a name for themselves in sports betting are a golf guide, a cocktail waitress and a car salesman.

Wynn set to start construction on $3.5 billion Macau resort

Wynn Resorts Ltd. will begin construction of its multibillion-dollar Macau resort on the Cotai Strip the day after Chinese New Year — Feb. 11 — setting up the prospect of opening it around that holiday in 2016.

Bally credits Betty Boop with helping set record earnings

Amanda McIlvaine, dressed as Betty Boop, poses by a Betty Boop Fortune Teller video slot machine in the Bally Technologies booth during the first day of the Global Gaming Expo (G2E) convention at the Sands Expo Center Tuesday, Oct. 4, 2011.

Bally Technologies can thank Betty Boop for record-setting earnings the past three months. Partly boosted by the Betty Boop Fortune Teller game, revenue for the second quarter of fiscal 2013 prompted the Las Vegas slot machine manufacturer to raise its own predictions for the rest of the year, officials said in a report to stockholders this afternoon.

Penn National Gaming reports soft 4th quarter

Penn National Gaming, owner of the M Resort in Henderson, saw its stock fall by 20 cents a share in the fourth quarter of last year.

Macau drives record earnings for Las Vegas Sands

The Sands Casino in Macau is seen Oct. 31, 2009.

Las Vegas Sands ended last year with record earnings, led by growth in Macau and other Asian markets. The company reported that 62 percent of its fourth-quarter operating profit came from its Macau casinos and resorts. Sands Chairman Sheldon Adelson told investors in an earnings call this afternoon that he expects continued growth with this week’s opening in Macau of the 2,100-room Sheraton and the planned addition of 200 table games coming in the first quarter of this year.

Italian company wins interactive gaming license in Nevada

Despite concerns about fraud and underage gambling, the Nevada Gaming Commission has granted an international company a license to manufacture and distribute Internet poker systems in Nevada.

Nevada Gaming Commission approves $1 million fine against Palms

An exterior view of the Palms on Sunday, Jan. 15, 2012.

The Nevada Gaming Commission today approved an agreement to levy more than $1 million in fines and fees against the Palms amid accusations that nightclub employees offered drugs and prostitutes to undercover officers. The action formalized a settlement reached Jan. 11, the day the state filed a 17-count complaint against the casino. The board allowed the Palms four months to pay the $1 million fine, plus $78,000 in investigation fees.

New events center coming to Las Vegas Strip

This photo taken Wednesday, Aug. 25, 2010, shows The Cosmopolitan of Las Vegas, center, at sunset. The Cosmopolitan is developing a 3,000-capacity events center modeled on an Eastern European glass factory. The auditorium is expected to open this year and host conventioneers and events.

The Las Vegas Strip, home to themed casinos that mimic the canals of Venice and the skyscrapers of Manhattan, is getting a new events center modeled on an Eastern European glass factory. The Cosmopolitan of Las Vegas is developing a 3,000-capacity theater that has sat empty since the hotel-casino opened in 2010. The auditorium is expected to open by the end of the year and cater to conventioneers, boxing fans and concertgoers.

Major Nevada casinos lose $1.2 billion in 2012

For the fourth consecutive year, Nevada’s major casinos posted a net loss — $1.2 billion in fiscal 2012 — but business is looking up, state gaming officials said. The state Gaming Control Board issued its annual “Gaming Abstract” today showing the 2012 loss down from $3.9 billion in fiscal 2011.

Nevada's biggest casinos lose $1.2 billion in 2012

Nevada's largest casinos suffered a combined loss of $1.2 billion in 2012, despite an increase in revenues. The annual "Gaming Abstract" analyzes the financial information of casinos in the state that gross $1 million or more in casino revenues.

Slot maker IGT reports best 1st quarter in four years

Nevada’s IGT, a manufacturer of slots and other machine-based casino games, today reported its best first-quarter performance in four years.

U.S. to join suit over New Jersey sports betting law

The U.S. Department of Justice has filed notice that it is joining sports leagues' effort to stop New Jersey from instituting sports gambling.

Rival Connecticut casino tribes forge alliance

The Mohegan Sun casino is seen in Uncasville, Conn., Sunday, Sept. 9, 2012.

The leaders of the rival Connecticut tribes that own two of the world's largest casinos say they are seeking ways to work as allies as they struggle through extended slumps.

A new look for Terrible's: A $7 million, 18-month renovation revealed

David Nolan, GM of Terrible's Hotel and Casino, Wednesday, Jan. 16, 2013.

Terrible's might seem like a terrible name for a resort. It's not. "You would think from a marketing standpoint it would be bad because everything you do would start with 'Terrible,' " said David Nolan, who took over as general manager of the casino less than two years ago. "Unless they know us, people would say, 'Why would I want to stay at a place called Terrible's?' But lots of people do know us, and for locals, it's actually a pretty strong brand." This year, Terrible's Hotel and Casino, at Paradise and East Flamingo roads, got even better.