Gaming

Wynn Resorts reports booming profits

Wynn Encore Macau, the newest resort, stands in Macau, Wednesday, April 21, 2010. Billionaire Steve Wynn opened his latest hotel and casino in Macau Wednesday and said he aims to start building a massive new resort in the Chinese gambling mecca next year.

Wynn Resorts more than doubled its profits during the second quarter of 2010 as business continued to boom in the Macau region of China.

Ex-Disney official named to board of Las Vegas Sands Corp.

Wing Chao, most recently the executive vice president of Walt Disney Imagineering, has been elected to the board of directors of Las Vegas Sands Corp.

Analysts: Weakness in gaming industry continues

Weak consumer confidence, unemployment and cheap hotel rooms indicate the gaming industry is likely to see continued weakness at least through the end of the year, a new report says.

Station Casinos, bondholders settle dispute

A development in the Station Casinos Inc. bankruptcy case Wednesday may clear the way for the Las Vegas company to avoid continued litigation as it emerges from bankruptcy with the founding Fertitta family still in control. Station filed court papers saying it has reached a settlement with bondholders owed $2.8 billion who have been fighting Station’s reorganization plans.

Las Vegas Sands narrows 2Q loss

Booming business in China and a new casino in Singapore led second-quarter revenue up 51 percent for Las Vegas Sands Corp. and helped narrow the casino developer and operator's quarterly loss, the company said Wednesday.

Series on gambling addiction recognized nationally

A three-part series that examines gambling addictions — through stories, videos and interactive graphics and a live, online chat — has won a first-place award in the Excellence in Feature Writing competition sponsored by the American Association of Sunday and Feature Editors.

Customer loyalty called a must-win for casinos

The increasing popularity of gambling and casinos as mainstream entertainment is a double-edged sword for casino operators that must compete with properties offering the same games and similar entertainment options.

IGT reports quarterly profits up nearly 52 percent

International Game Technology saw its profits increase by nearly 52 percent during its fiscal third quarter, the Reno-based gaming manufacturer reported today.

Las Vegas versus Macau not really a contest

UNR's Institute for the Study of Gambling and Commercial Gaming leader William Eadington predicts Strip changes.

When gambling went from being a pastime largely offered by organized crime to a leading entertainment industry, academia took notice.

Wynn’s win for restaurateurs

Wynn’s win for restaurateurs

When the Nevada Labor Commissioner ruled this month that Steve Wynn’s policy of distributing casino dealer tips to supervisors was legal, restaurants across Nevada breathed a sigh of relief.

Boyd Gaming says revenue, income down for Borgata casino

Boyd Gaming Corp. of Las Vegas today said revenue and net income fell during the second quarter for its half-owned Borgata casino resort in Atlantic City.

Analysts give boost to Wynn Resorts

Wynn Resorts Ltd. of Las Vegas received a boost this week when key debt ratings were lifted by Fitch Ratings and Moody's Investors Service.

Sands China fires CEO, names interim replacement

Sands China Ltd., the fast-growing Macau subsidiary of Las Vegas Sands Corp., today said CEO Steve Jacobs was fired and removed from the board of directors.

Q&A: William Eadington

UNR's Institute for the Study of Gambling and Commercial Gaming leader William Eadington predicts Strip changes.

When gambling went from being a pastime largely offered by organized crime to a leading entertainment industry, academia took notice and wanted to study it.

Long ride to Bellagio sparked taxicab long-haul battle

Nevada Taxicab Authority Administrator Gordon Walker tells a story about a cab customer who was really taken for a ride a few years ago.