Despite tough times in the Las Vegas casino industry, industry supplier Shuffle Master Inc. today reported higher quarterly revenue and profits thanks to strong sales activity in Delaware, Pennsylvania, Australia, Singapore and the Philippines.
Although many academic programs at UNLV have been slimmed down or gutted because of severe budget cuts, one bright spot has been the College of Hotel Administration, which survives mainly on private donations from the gaming industry.
Although major U.S. casino companies see a potential gold mine in legalizing Internet gambling, some operators of small, neighborhood casinos in Nevada — which make up most of the properties in the world’s largest concentration of gambling halls — see problems.
The outlook for Labor Day weekend in Las Vegas appears much like that for most holidays since the Great Recession took hold — visitors will still flock to the city but they will spend less.
An attorney for Hong Kong businessman Richard Suen says his services to Las Vegas Sands Corp. were worth more than $48 million in helping to clear the way for the company to build two casinos.
While some casino employers battle labor unions, Tropicana Entertainment CEO Scott Butera makes peace with them. Butera was a Wall Street investment banker who left after 14 years to restructure Donald Trump’s ailing casino company in 2002.
The state Gaming Control Board today recommended approval of the licensing of the company that once owned the shuttered Lady Luck casino in downtown Las Vegas.
Gaming mogul Sheldon Adelson says a Las Vegas jury relied on “wishful thinking” in awarding $43.8 million to a Hong Kong businessman who says he used his influence to help Adelson get approval for two casinos in Macau. Adelson says there was no evidence presented at a 29-day trial to award the money to Richard Suen, who claims he was offered $100 million at one point.
The gaming industry’s annual tradeshow will find a new spot on the calendar and a new home in Las Vegas next fall. G2E is scheduled for Oct. 4-6 next year, rather than the middle of November.
The Riviera Las Vegas hotel-casino would be spruced up and receive new gaming equipment under its parent company's bankruptcy reorganization plan. Unable to service its approximately $291 million in debt and liabilities, Riviera Holdings Corp. filed for Chapter 11 reorganization in Las Vegas on July 12.
In a darkened conference room at the Tuscany, a group of casino surveillance managers lean forward in their chairs for a closer look at video footage of a man strapping a metal device to his left wrist and concealing it in his jacket sleeve.
RENO – Federal bankruptcy Judge Gregg Zive on Friday approved a plan for Station Casinos to emerge from bankruptcy. Thirteen months ago, Station Casinos entered the bankruptcy court faced with a $6.6 billion debt.
Few things raise the hackles of loyal blackjack fans more quickly than casinos cutting back on what they pay gamblers for hitting 21. But an increasing number of casinos are quietly doing that, reducing blackjack payouts by 30 percent. The casino has to pay for that pretty woman dancing on the little stage in the blackjack pit.
CARSON CITY – Caesars Palace has agreed to pay a $250,000 fine for allowing a man to walk and dance on a baccarat table while the game was being played.
