Featured Articles Archive - Page 227

Las Vegas casino pioneer Jackie Gaughan dies at 93

LAS VEGAS -- Legendary casino pioneer Jackie Gaughan never wanted to leave downtown Las Vegas.His son, South Point owner Michael Gaughan, even offered to build his father a penthouse apartment atop one of the south-Strip resort’s hotel towers...read more

Station Casinos grew revenue more than 8 percent in fourth-quarter 2013

LAS VEGAS -- Station Casinos, Inc. grew revenue 8.3 percent in the fourth quarter, helped by the opening of its $800 million Indian casino in Northern California.The casino operator hopes its online gaming component, through its 57 percent ownership in Ultimate Gaming, will soon contribute to the bottom line as well.During the fourth quarter, which ended Dec...read more

Caesars Entertainment reports $1.756 billion in quarterly loss on Atlantic City weakness

LAS VEGAS -- Caesars Entertainment Corporation said Tuesday it lost $1.756 billion in the fourth quarter because of a deteriorating market in Atlantic City, which resulted in nearly $2 billion of noncash impairment charges to the casino company’s balance sheet.Las Vegas-based Caesars said in a statement the company’s net revenue for the period ended Dec...read more

Massachusetts Internet gambling hearing focuses on geolocation, payment processing issues

BOSTON – A panel of gambling regulators, Internet gambling operators and vendors testified about their experience running regulated online poker, casino and lottery games in an open meeting with the Massachusetts Gambling Commission at the Boston Convention Center on Tuesday.Massachusetts just awarded its first brick-and-mortar gambling license to Penn National to operate a slot parlor in Plainville and plans to award up to three resort casino licenses later this year...read more

Riviera, Treasure Island reach contract agreements with Culinary Union

LAS VEGAS -- Culinary Workers Local 226 and Bartenders Local 165 reached agreement over the weekend on new five-year contracts with the Riviera Hotel and Casino and the Treasure Island, the second and third independent casinos to settle with the unions.The contract, which would replace an agreement that expired last June, still must be ratified by workers at the two Strip casinos.Last week, the Culinary and Bartenders unions reached a new contract agreement with the Tropicana...read more

Top-10 gambling and beverage pairings

I love a good meal, but I'm no expert when it comes to pairing food with beverages. Sure, I know that you're supposed to drink red wine with a steak and white with chicken or seafood. And if I'm having a hearty winter stew, I like to have a Guinness or a Mayflower Porter with it, while a summer barbeque is best enjoyed with a hoppy IPA.But when it comes to gambling, I know just what you should be sipping when you're at the tables or the machines...read more

Moves by Caesars fail to ease debt worries on the Street

LAS VEGAS -- Nothing is simple when it comes to Caesars Entertainment Corporation.Take last week’s announcement that the company is selling four casinos to its Caesars Growth Partners subsidiary for $2.2 billion.Some analysts worried the deal would diminish the parent company’s results...read more

Slot machine keys available online — but who can use them?

LAS VEGAS -- Common slot machine reset keys — identical to one that caused a Reno casino to be hit with a $1 million gaming fine — are easily found for sale on various Internet sites.How simple?The Las Vegas Review-Journal purchased two of the keys — often referred to as the 2341 slot machine reset/attendant key — from an eBay seller in Winona, Minn., for $12.44, including shipping and handling.But was the transaction a waste of money?The key is a common tool used by slot machine technicians to gather information or reset a game following verification of a large jackpot...read more

Big rewards in China create flexibility for MGM Resorts

LAS VEGAS -- MGM Resorts International is showing investors what a 51 percent ownership stake in its publicly traded Chinese subsidiary means financially to the casino operator’s business back home.At least $320 million this month alone.The figure is MGM Resorts’ share of some $628 million in quarterly and special dividends that MGM China will award to shareholders this month...read more

Two Las Vegas Sands executives resign

LAS VEGAS -- Two high-level Las Vegas Sands Corp. executives have resigned from the company in recent weeks, including the casino operator’s top official for global operations.The company announced the departure of executive vice president of global operations Chris Cahill in a three-sentence filing with the Securities and Exchange Commission on Wednesday...read more