Featured Articles Archive - Page 223

Macau casinos again top $4 billion in monthly gaming revenues

Another month, another $4 billion in gaming revenue for Macau casinos.Macau’s gaming market didn’t show any slowdown in March after February’s Chinese New Year holiday, growing revenue 13.1 percent during the month, according to figures released Tuesday by the Gaming Inspection and Coordination Bureau.For the month, Macau casinos collected $4.4 billion in gaming revenue, the market’s second straight $4 billion revenue month and third out of the past sixth months.The March figure was the third highest on record for Macau, behind February’s $4.8 billion and $4.6 billion last October.Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski said investors grew concerned that Macau might be facing a slow March following the record-breaking February figure...read more

'Cover-up' is over: Las Vegas Sands moving past 'million-dollar' tarp

LAS VEGAS -- An unfinished Strip condominium tower between The Venetian and Palazzo may soon see a new life.But Las Vegas Sands Corp. President Michael Leven said it was still unclear what the company plans to do with the building that has been covered the past three years by a “million-dollar” tarp.“We’re going to do something...read more

Las Vegas Sands unveils multimillion-dollar philanthropic effort

LAS VEGAS -- Las Vegas Sands Corp. has unveiled a multimillion-dollar global philanthropic effort that signifies the gaming company’s presence internationally and aims to address needs in the casino operator’s home communities.The initial efforts of the corporate citizenship program, Sands Cares, are twofold.Las Vegas Sands is contributing $7 million to the University of Nevada, Las Vegas William F...read more

State lawmakers group opposes bill to ban online gaming

LAS VEGAS -- An organization of state lawmakers said Thursday it opposes a bill in Congress that would restore a ban on online gaming.In a letter to the congressional leadership and copied to all members of Congress, the National Conference of State Legislatures said the organization expresses strong opposition to the Restoration of America’s Wire Act, which was introduced last month by Sen...read more

As megaresort trend fades, companies focus on luxury in 'small' settings

LAS VEGAS -- Las Vegas is getting smaller.That is, if you call 1,600-room and 1,100-room Strip hotels “boutique” properties.By the end of the year, Las Vegas will have about a half-dozen hotel-casinos that operators classify as “boutique,” “luxury” or “lifestyle” in their marketing efforts.It’s actually not a unique concept.The Hard Rock Hotel and Casino and The Palms Casino Resort, for example, began as smaller hotel-casinos before expansions grew their room bases.The idea was to break from the Strip’s megaresort business model — 3,000 or more rooms and suites, multiple restaurants and entertainment venues, large retail and convention facilities — for something a little more intimate.Karie Hall, general manager of the 188-room The Cromwell — Caesars Entertainment Corporation’s entry into the boutique hotel market — said personalized service is a balancing act...read more

Comcast VP: Comcast is not blocking Bovada

Several Bovada players in the U.S. reported over the weekend that they had trouble accessing the online casino. According to tweets made by Bovada Casino on Friday, many of the players in question appear to utilize Comcast as their Internet service provider. We are aware that some of our players using particular ISPs, such as Comcast, are unable to access our site...read more

Top-10 bets for the 2014 MLB season

The 2014 Major League Baseball season kicked off last week when the Los Angeles Dodgers and Arizona Diamondbacks met for a pair of games in Sydney, Australia. But aside from that series, and the Dodgers-Padres game that took place Sunday night, the majority of teams begin their season today.Last year the Boston Red Sox shocked the world, going from worst to first to capture their third World Series title in 10 seasons...read more

Inside Gaming: Internet gaming giant tries again

You have to hand it to online gaming giant PokerStars.Despite setback after setback, the Europe-based company won’t give up on its quixotic quest to break into the fledgling U.S. Internet gaming market.After failing in Nevada and New Jersey, the new target is California.But odds are PokerStars is once again drawing dead.The company, operated by the Isle of Man-based Rational Group, is linked to three politically powerful Los Angeles-area card rooms and Riverside County’s the well-connected Morongo Band of Mission Indians.The partnership wants to block Internet poker legislation in the state that bans PokerStars from participating in what many believe will be a massive revenue-generating Internet market that would dwarf Nevada’s online poker network.How lucrative?Morgan Stanley gaming analyst Thomas Allen predicted last week that legal Internet gaming in the United States will produce $8 billion annually by 2020...read more

Nevada gaming revenues down 13.7 percent in February

LAS VEGAS -- Nevada casinos went into February facing a comparison to the state’s largest gaming revenue month in almost five years and a baccarat revenue month that was an all-time record.So the state’s 13.7 percent gaming revenue decline wasn’t too much of a surprise.High-end baccarat players, lured to Las Vegas by the Chinese New Year holiday, had a run of good luck at the tables.The Nevada State Gaming Control Board Gaming Commission said Friday that February results also included $824,000 from online poker, marking the first time the state has broken out the revenue figures...read more

Caesars files with SEC to sell 7 million shares of stock

LAS VEGAS -- Caesars Entertainment Corporation filed paperwork with the Securities and Exchange Commission on Thursday to sell an additional 7 million shares of stock.Based on Thursday’s closing price on Nasdaq, the company would raise almost $148 million.No date was given for the proposed sale...read more