Gaming

Macau casino revenue growth at slowest since 2009

The Wynn Macau is seen Aug. 17, 2011.

Casino revenue in Macau, the world's biggest gambling market, grew last month at the slowest pace since the global recession in 2009 as China's economic slowdown crimped demand from high-rolling gamblers. Macau gambling authorities released data Wednesday that showed July revenue rose to 24.58 billion patacas ($3.1 billion), up 1.5 percent compared with a year earlier and the lowest growth rate since mid-2009. Macau casino revenues have rocketed in recent years thanks to legions of mainland Chinese high-rollers.

1 August 2012
By Kelvin Chan, Associated Press

Creating favorable online gaming legislation will require teamwork from Reid, Heller

Sen. Harry Reid whispers to Sen. Dean Heller during a Memorial Day ceremony at the Southern Nevada Veterans Memorial Cemetery in Boulder City on Monday, May 30, 2011.

Each time Congress promises to consider online poker, the subject ends up getting pushed back into yet another overcrowded, end-of-the-year, lame-duck session. And each time that happens, Nevada’s gaming industry becomes increasingly nervous.

1 August 2012
By Anjeanette Damon,
Karoun Demirjian

Stratosphere restaurant going from tacos to steaks

The Back Alley Bar as it looked in April 2012 at the Stratosphere in Las Vegas. The bar is getting a makeover as McCall’s Heartland Grill.

The Back Alley Bar is going uptown — from taco joint to steakhouse. And with the change, comes new jobs.

31 July 2012
By Ron Sylvester

$547 million Pokerstars settlement includes reimbursement of Full Tilt customers

Settlement deals reached between federal prosecutors and three Internet poker companies call for more than a half billion dollars to be paid to the government.

31 July 2012
Associated Press

Cantor reaches agreement with California tracks for online poker

Sports book operator Cantor Gaming of Las Vegas said today it reached agreement with California horse racing tracks to provide online poker wagering technology and infrastructure, should such betting be legalized in California.

27 July 2012
By VEGAS INC Staff

Caesars Palace dealers ratify first union contract

Caesars Palace is seen on Jan. 14, 2010.

Caesars Palace casino dealers have ratified their first collective bargaining deal, giving the Transport Workers Union its second contract on the Las Vegas Strip. The Caesars contract, representing more than 500 dealers, was approved Thursday.

27 July 2012
By Steve Green

Missouri directs Caesars owners to sell stake in North Las Vegas casino

Aliante Station

Missouri gaming regulators have ordered the biggest investors in Caesars Entertainment Corp. to sever their ties with locals casino operator Station Casinos LLC of Las Vegas, prompting the investors to sell their stake in a Nevada hotel-casino on a rush basis.

26 July 2012
By Steve Green

With main sign complete, LVH is bullish about its future

Workers prepare to hang the final letter in the new sign at the LVH casino in Las Vegas on Thursday, July 26, 2012.

The LVH officially lifted its new name to the front of the historic Las Vegas hotel Thursday afternoon by placing the final letter of its sign. The resort on Paradise Road opened in 1969 as the International Hotel and later became the Las Vegas Hilton.

26 July 2012
By Ron Sylvester

In final meeting, Gaming Policy Committee talks Internet poker licenses, expansion

If a foreign online gaming company took wagers from U.S. customers before the Unlawful Internet Gambling Enforcement Act was enacted, should that company be banned from being licensed in Nevada? That was one of several philosophical conversations members of the Gaming Policy Committee had Wednesday as the 11-member panel wrapped up business with five policy recommendations that will go to Nevada lawmakers in advance of next year’s legislative session.

26 July 2012
By Richard N. Velotta

South Point bets that virtual horse races will keep gamblers playing

Slot player Babs Duncan celebrates with her husband Jack after picking the winning horse and winning $70 in bonus credits in a virtual horse race at the South Point Thursday, July 26, 2012. The South Point is the first casino in Nevada to implement the virtual race by Bally Technologies. Winners split a total prize pool of $30,000 in bonus credits.

When someone is on a roll at a craps table or roulette wheel, groups of people often huddle around the player and cheer, creating a buzz that carries across the casino floor.It’s far less common to find that same kind of energy at the slot machines. South Point executives hope to change that. They have invested millions of dollars on a new technology they hope will replicate the excitement and community feel of table games at slots.

26 July 2012
By Ron Sylvester

LV Sands profit falls because gamblers win more

Las Vegas Sands Corp. said today its second quarter profit fell as its casinos played unlucky in Asia and Las Vegas.

25 July 2012
By Steve Green

Caesars gets permit for world's tallest wheel

An artist's rendering of the proposed restaurant/entertainment district Project Linq.

Casino giant Caesars Entertainment says it has obtained a key county permit allowing it to build the world's tallest observation wheel in a planned retail, dining and entertainment complex on the Las Vegas Strip.

25 July 2012
Associated Press

Bally’s to anchor this fall's World Food Championships

Adam Richman

Bally’s will serve as the main site for the World Food Championships this fall. The four-day food fight, which announced last spring it would be in Las Vegas, will see hundreds of amateur and professional chefs at Bally’s square off for a total prize pool of $300,000.

24 July 2012
By Ron Sylvester

New York judge sentences online poker worker to prison

A former Internet poker company employee who returned to the United States from Costa Rica to face charges has been sentenced to a year and two months in prison.

24 July 2012
Associated Press

Ex-International Game Technology President John J. Russell dies

John J. "Bud" Russell, the former president of the Reno-based International Game Technology from the mid-1980s to mid-1990s, has died. He was 82.

24 July 2012
Associated Press
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