Featured Articles Archive - Page 170

Plunge in Macau revenue leads to lower profits for Wynn Resorts

LAS VEGAS -- Macau, which has driven profits for Wynn Resorts, Limited since 2006, caused a steep decline in the company's fourth-quarter earnings.Las Vegas-based Wynn said Tuesday revenue from its two Macau casinos dipped 32 percent in the quarter that ended Dec...read more

MGM Resorts to launch mobile wagering application in Nevada

LAS VEGAS -- MGM Resorts International announced plans Monday to deploy a mobile wagering system across 12 of its Nevada resorts later this year.The technology will be provided by GTECH Holdings. Financial terms were not disclosed.The initial use of the technology will be to provide mobile sports wagering this summer...read more

Macau casinos start 2015 with another revenue dip

Macau's casino industry began 2015 in the same way it ended 2014 — with another monthly gaming revenue decline.And indications are that nothing will change in the first half of the year.Macau's 35 casinos collected $2.97 billion from gamblers in January, the Macau Gaming Inspection and Coordination Bureau said Monday...read more

Top-10 snow day prop bets

For the third time in the last week, my town's schools are closed due to a snow day. The Boston area has been pelted with about three feet of snow in that time, so it's not that surprising. As a result, my wife and I are home with all three kids, trying to get in a normal work day and letting the kids watch way too much TV and play way too many video games.If you're a parent with school-aged kids, snow days can add some major stress to your professional life, unless, of course, you're a teacher and you get to celebrate snow days just as much as the kids...read more

Inside Gaming: Will falling gas prices, rising consumer confidence help regional casinos?

LAS VEGAS -- Falling gasoline prices and rising consumer confidence mean good news for regional casino operators.Whether this translates into more dollars in casino drop boxes is still up for debate.Two analysts say the regional gaming markets — primarily those in the South and Midwest — are poised for a rebound in 2015, which could help the bottom lines of Boyd Gaming Corporation, Pinnacle Entertainment, Inc...read more

Independent proxy advisory firms said to back IGT buyout

LAS VEGAS -- Slot machine maker IGT - International Game Technology said three independent proxy advisory firms voiced their support for the company's $6.4 billion buyout by Italy-based lottery giant GTECH S.p.A. Holdings.Institutional Shareholder Services Inc., Glass Lewis and Egan-Jones all recommended IGT shareholder support the merger agreement at the Feb...read more

Casino revenue in Nevada, on the Strip retreats slightly in 2014

LAS VEGAS -- Casino totals in Nevada and along the Strip took a slight step back in 2014.Gaming revenue collected by casinos ended a four-year upswing last year as the state's largest industry continued its recovery from the recession.Casinos statewide collected just more than $11 billion from gamblers in 2014, the Gaming Control Board said Friday.The figure was a 1.1 percent decline from 2013...read more

Deal Me In: Scores of one-button bandits seldom pay out super-sized jackpots

Dear Mark: A slot employee told me that some of the bigger jackpot machines, where he works, have not been hit in years. Does this surprise you? Alice L.Not in the least bit, Alice. The odds of hitting some of these super-sized jackpots can be higher than hitting the Mega Millions (258,890,850 to one) lottery...read more

Griddle Cafe at SLS Las Vegas will close

LAS VEGAS -- The owner of the Los Angeles-based Griddle Cafe is closing her location inside the SLS Las Vegas Hotel & Casino.The restaurant, best known for its oversized breakfast items, will be replaced by a 24-hour Las Vegas-style coffee shop.SLS officials said the new restaurant will be called Northside Cafe and will open Sunday.Griddle Cafe owner Jodi Hortze said she wanted to concentrate on growing the brand in new markets...read more

One-time charge hurts Penn National fourth quarter results

An impairment charge in the fourth quarter sent M Resort owner Penn National Gaming, Inc. to a net loss for the three month period, the company said Thursday.Penn National, which operates 26 casinos and racetracks in 16 states and a Canadian province, said its net loss of $250.4 million for the quarter that ended Dec...read more