Atlantic City’s Revel formally completed a Chapter 11 restructuring that saw it wipe away $1.2 billion of its $1.5 billion in debt, in return for granting lenders an 82 percent ownership stake.
Terrible’s Hotel & Casino began its transition to a new identity by uninstalling its iconic Terrible’s Cowboy neon sign on Monday. The property will become the Silver Sevens Hotel & Casino in July.
Gaming Insider | The politics associated with gaming industry expansion are getting a severe test as lawmakers across the country ponder gaming expansion proposals as sources of additional tax revenues.
Ultimate Poker is already providing online poker action in Nevada on an intrastate basis. New Jersey, meanwhile, is moving toward online gambling that will provide an opportunity to wager on all types of casino games.
Macau's VIPs remain a major component of the revenue figures being reported by Wynn Resorts Ltd. (WYNN), Las Vegas Sands Corp. (LVS) and MGM Resorts International (MGM).
By a vote of 23-22, the combined New Hampshire House Ways and Means and Finance Committees opposed legalizing a casino, as proposed in a Senate bill.
Las Vegas “locals” who recently visited the renovated Terrible’s Casino, not far from the Las Vegas Strip, have been raving about the improvements made by the Affinity Gaming company that took over the property from the Herbst family in 2009.
Much talk has been heard from politicians in New York State about authorizing a constitutional referendum to permit commercial casinos in the state. Gov. Andrew Cuomo has already indicated he favors three casinos upstate.
The first plan didn’t work so the Minnesota lawmakers have drawn together to develop a backup plan to pay for the Minnesota Vikings Stadium.
Gambling supervision in New Mexico got a poor grade in an audit by the staff of the Legislative Finance Committee.
Rivers Casino in Pittsburgh has been fined $100,000 by the Pennsylvania Gaming Control Board.
All major casino companies have formulated reward programs as a means of attracting customers to their facilities. The Ohio Lottery, overlooking four casinos and a racino, wants to initiate a rewards program to benefit the state.
The Court of Appeals in South Carolina has ruled that gamblers who lose while playing illegal gambling machines can sue to get their money back.
Read the latest casino industry news bites about Las Vegas Sands Corp. (LVS), Caesars Entertainment Corp. (CZR), Ameristar Casinos Inc. (ASCA), MGM Resorts International (MGM) and so much more.
The Miami Herald building, although still standing, no longer houses the newspaper operation. As of last week, the Miami Herald building is now owned by Malaysia-based Genting Group, the company that paid $236 million for the right to tear it down.
After paying an $11 million advance to a struggling Atlantic City casino it intended to buy, the parent company of the world’s largest online poker website was left with nothing for its troubles Friday when a judge ruled the casino had the right to scrap the deal.
New Jersey moved forward Friday with its plans to offer Internet gambling, issuing regulations on how the new online bets are to be handled. The state still has not set a date when Atlantic City’s 12 casinos may begin offering Internet bets.
Nevada regulators have approved Pinnacle Entertainment Inc.’s buyout of rival Ameristar Casinos Inc. The $869 million deal will more than double Pinnacle’s size.
Connecticut’s Foxwoods Resort Casino faces daunting hurdles as it joins a crowded race for the lucrative destination resort business in Massachusetts. The operators of the biggest casino in North America are proposing a $1 billion, 300,000-square foot resort.
Global Gaming Expo (G2E) Asia will bring the Venetian Macao alive from May 21 to May 23, 2013 as an estimated 6,500 attendees and 150 exhibitors and brands gather for the most vibrant networking, trade and educational showcase in Asian gaming.
Welcome to our casino industry news section. Find the latest information about casino buyouts, casinos, build outs or bankruptcies. Our casino industry news covers big movers in gambling such as MGM Resorts International (MGM), Las Vegas Sands (LVS), Penn National (PENN), Station Casinos, Caesars Entertainment and more in places like Macau, Singapore, regional casinos around the United States as well as our own Las Vegas.
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