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Gaming GuruLas Vegas Sands sets first-quarter record profit of $572 million2 May 2013
LAS VEGAS -- Las Vegas Sands Corp., the gaming company controlled by billionaire Sheldon Adelson, reported first-quarter earnings Wednesday that easily surpassed analysts’ estimates as growth at its Macau properties accelerated. The casino company last year increased its share of the Macau market with the opening of Sands Cotai Central, its fourth casino in the Chinese gambling enclave. ... (read more)
Downtown redevelopment takes center stage at Smith Center1 May 2013
LAS VEGAS -- The Strip may get most of the attention, but its neighbor to the north, downtown Las Vegas, continues a major transformation as investors and developers pour hundreds of millions of dollars into redevelopment. A change that hasn’t gone unnoticed by locals and tourists drawn to the neighborhood’s unique cocktail lounges, restaurants, one-of-a-kind boutiques and renovated casinos. ... (read more)
Slot-machine sales, social gaming boost IGT earnings29 April 2013
IGT - International Game Technology, a slot machine manufacturer and social gaming company, reported a modest increase in profit for its second quarter, helped significantly by growth in machine sales and social gaming. The company Thursday posted second quarter earnings of $78.2 million, or 29 cents per share, up from $61.9 million, or 21 cents per share, in the same period last year. ... (read more)
Wynn Resorts earns $202.9 million in first quarter, tops expectations29 April 2013
LAS VEGAS -- Wynn Resorts, Limited first-quarter profit rose modestly but enough to easily beat analysts’ expectations as the gaming company reported higher occupancy and improved revenues at its casinos in Las Vegas and Macau. The company’s success has been driven by a boom in gambling in Macau, the world’s largest gambling hub located in China. ... (read more)
Cantor Gaming signs deal with Atlantis resort in the Bahamas29 April 2013
LAS VEGAS -- Cantor Gaming signed a deal Thursday with the Atlantis at Paradise Island Resort and Casino in the Bahamas to provide the resort with mobile casino gaming and mobile sports wagering, as well as a new sports book. This is the first mobile wagering deal involving the Atlanti... (read more)
Wynn Resorts announces casino deal in Massachusetts29 April 2013
LAS VEGAS -- Wynn Resorts, Limited would make $30 million in advance payments to the city of Everett, Mass., and more than $25 million annually once a proposed casino opens for business, according to a host community agreement released Thursday. The agreement also calls on the Las Vegas-based gaming company ... (read more)
Okada-Wynn feud escalates with release of new report22 April 2013
Allegations of misconduct used by Wynn Resorts Ltd. to oust a Japanese billionaire as a majority shareholder were based on a “deeply flawed” investigation that selectively used information to build a biased case, former Homeland Security chief Michael Chertoff said in 45-page report released Monday. ... (read more)
William Hill spends $649 million to buy out Playtech's stake in William Hill Online16 April 2013
William Hill plc said Monday that it has completed its $649 million acquisition of the 29 percent stake in William Hill Online held by gaming software firm Playtech Ltd. Playtech also will receive its share of profits in William Hill Online that have accrued since Jan. 1, an amount to be disclosed at a later date. ... (read more)
Bikini Bar owner surrenders Nevada gaming license over bar sale10 April 2013
LAS VEGAS -- Lonny J. Campos has agreed to surrender his state gaming license and pay a $5,000 fine related to the sale of his Bikini Bar, which operates with a restricted gaming license, according to a settlement reached with the Nevada Gaming Control Board. The complaint said Campos agreed to sell his ... (read more)
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