Featured Articles Archive - Page 181

Inside Gaming: Macau, already reeling, faces possible total smoking ban

After implementing a partial casino smoking ban in October, Macau is contemplating a total prohibition on smoking in all areas of the region's gaming market.Talk about throwing gasoline on a raging inferno.Macau's casino industry is challenged, and that's an understatement.The market has had eight consecutive monthly gaming revenue declines...read more

Redevelopment planned for casino on Paradise Road

LAS VEGAS -- A local real estate developer said Tuesday he acquired majority ownership of the Mardi Gras Hotel & Casino on Paradise Road and plans to redevelop the property.Daniel Grimm of DG Development Corp. didn't give a price for the purchase...read more

Lionel Sawyer law firm files bankruptcy owing $3.37 million

LAS VEGAS -- The historic Lionel Sawyer & Collins law firm, which went out of business at the beginning of the year, filed for Chapter 7 bankruptcy liquidation at the end of January, owing creditors more than $3.37 million.The law firm, once considered the state's largest legal house, said in a voluntary filing with the U.S...read more

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