Gaming

Casino industry notches small gain in 2010 after declines, report says

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

After two years of declining revenues, the U.S. casino industry showed more stable results in 2010, according to an annual report released today by the American Gaming Association. Gross gaming revenue from commercial casinos totaled $34.6 billion in 2010, a nearly 1 percent increase from 2009.

Panel: Legal Internet gaming would boost casino business

Panelists addressing an Internet gambling conference in Las Vegas on Tuesday said online casinos would enhance business at brick-and-mortar properties instead of cannibalizing them.

Las Vegas Sands earnings soar in first quarter on strength in Asia

The Marina Bay Sands is seen against the skyline in Singapore on Feb. 17, 2011. Singapore's second casino-resort had its grand opening, a massive $5.7 billion project by Las Vegas Sands Corp. that aims to make over the city-state as a Southeast Asian gambling and tourism magnet.

Las Vegas Sands reported record earnings for the first quarter of 2011, primarily because of stronger results in Macau and operations in Singapore. The Las Vegas-based casino operator today reported net income increased to $299.4 million.

Sahara shuts down roller coaster ahead of May 16 closure

The Sahara hotel-casino in Las Vegas on Friday, March 11, 2011, the same day the property made the announcement it would be closing.

The Sahara hotel-casino has shut down its roller coaster in preparation for its closure in less than two weeks. The roller coaster closed Sunday, a representative from the hotel said. The ride first opened in 1999 when the Sahara renovated and opened its NASCAR Café.

Boyd Gaming reports mixed results for first quarter

Boyd Gaming Corp. of Las Vegas today posted mixed first quarter results for its big Las Vegas market, with revenue growing from its downtown casinos but falling in the suburbs.

Boyd Gaming to sell Florida business for $80 million

Boyd Gaming Corp. of Las Vegas today announced it's selling its Dania Jai-Alai business in Dania Beach, Fla., south of Fort Lauderdale, for $80 million in cash.

Online gaming legalization a hot topic. Where does Nevada fit in?

Online gaming legalization a hot topic. Where does Nevada fit in?

It’s time to retire the phrase “if Internet gambling is legalized.” By now, it’s clear that the approval of online wagering, particularly Internet poker, is not a matter of if but when.

Oddsmaker on the mark again with royal wedding predictions

Odds-making guru Johnny Avello heads the race and sports book at the Wynn.

You might think one of top bookmakers in Las Vegas has better things to do than lay odds on the color hat Queen Elizabeth II would wear to her grandson Prince William’s wedding Friday morning.

Las Vegas Sands CEO Sheldon Adelson paid $11.4M in 2010

Sheldon Adelson, chairman and CEO of Las Vegas Sands Corp., speaks during the news conference of the opening ceremony of the Venetian Macao Resort Hotel in Macau Tuesday, Aug. 28, 2007.

Billionaire Sheldon Adelson was paid $11.4 million as chief executive of casino developer Las Vegas Sands Corp in 2010, double his 2009 pay thanks to receiving his first cash bonus in three years, according to an Associated Press analysis of a regulatory filing submitted Friday.

Bally Technologies reports increased earnings in quarter

Slot machine giant Bally Technologies Inc. increased earnings in its third fiscal quarter despite continuing economic challenges and doubts about the company's growth prospects in multiple areas, including player tracking software.

Nevada bankruptcy trustees sue Australian gaming firm

Trustees of the bankrupt Sona group of gaming companies in Las Vegas are suing Australian gaming company eBet Ltd., claiming it failed to provide promised financing and that eBet’s CEO had a conflict of interest in rejecting the financing.

Poker websites’ actions were risky, experts say

A woman who wants to remain anonymous plays poker online.

Like doing drugs in front of the cops, poker websites were brazen in using U.S. institutions to conduct business the federal government had declared illegal. So say Internet gambling compliance and law enforcement experts who weren’t shocked by the Justice Department indictment this month that caught a global gambling industry — on land and in cyberspace — off guard.

Golden Nugget sues website operator over alleged cybersquatting

The Golden Nugget hotel-casinos in Las Vegas and Laughlin are suing a European website operator over allegations of cybersquatting and trademark infringement.

Will Las Vegas sports books adopt more bettor-friendly British wagering style?

A look inside a William Hill betting shop. The British company, known for offering better odds and taking bigger bets than Las Vegas books, is buying American Wagering Inc., which operates Leroy's sports books.

Talk to a local sports bettor long enough and you will get an earful. Nevada casinos are too conservative with their sports bets, they complain. The odds are poor. They won’t take big action. They don’t offer enough lines on games and ignore second-tier sports. Comps on sports bets are small to nonexistent. For their part, casinos often return the sentiment, calling sports gamblers demanding and unprofitable. Want a comp? Try playing some slots, bud.

Las Vegas on track for third place among world's gambling meccas

The Marina Bay Sands is seen against the skyline in Singapore on Feb. 17, 2011. Singapore's second casino-resort had its grand opening, a massive $5.7 billion project by Las Vegas Sands Corp. that aims to make over the city-state as a Southeast Asian gambling and tourism magnet.

Ever since Singapore overturned a casino ban and opened the nation to Las Vegas-style casino resorts in 2005, financial analysts have predicted its eventual dominance as one of the world's biggest gaming markets.