Featured Articles Archive - Page 260

MGM Resorts narrows losses, gains revenues in third quarter

LAS VEGAS -- MGM Resorts International reduced its net loss in the third quarter as the casino giant was helped by increased results from its Strip gaming operations, which officials said are seeing the benefits of hotel room renovations and amenity enhancements.During a conference call with analysts and investors Thursday, MGM Resorts Chairman Jim Murren said he expects to see additional improvements in upcoming quarters.MGM Resorts, which operates 10 hotel-casinos on the Strip, said its net loss for the quarter that ended Sept...read more

Baccarat drives Strip gaming revenues to second straight double-digit gain

LAS VEGAS -- Baccarat helped boost Strip gaming revenues to a second-straight monthly double-digit increase during September, but analysts told investors not to read too much into the results.The house again played lucky.Fueled by a larger-than-average hold percentage in baccarat, casinos throughout Nevada collected $958.8 million from gamblers during September, a 7.4 percent increase compared with September 2012.The Nevada State Gaming Control Board Gaming Commission reported the results Thursday.On the Strip, gaming revenues increased 13.4 percent to $563.1 million.September’s results followed an 11.17 percent increase statewide in August, which included a nearly 20 percent increase on the Strip.Baccarat was the primary revenue provider.On the Strip, casinos collected $115.5 million from the game, an increase of 49.1 percent compared with September 2012...read more

Analysts press Loveman on exit from Boston-area casino project

A $761.4 million quarterly loss by Caesars Entertainment Corp. wasn’t on Wall Street’s mind Tuesday.Analysts wanted insight from Chairman Gary Loveman on Caesars’ highly public exit 10 days ago from a proposed $1 billion Boston-area casino development...read more

Top-10 NBA bets for the 2013-2014 season

The 2013-2014 NBA season kicks off tomorrow night and there are plenty of intriguing storylines to watch over the next eight months.In the Eastern Conference, LeBron James will try to lead the Miami Heat to a third straight NBA title, while 2011 MVP Derrick Rose is set to return from a torn ACL in his left knee and turn the Chicago Bulls back into championship contenders...read more

Boom time in Macau continues to buoy Las Vegas Sands

LAS VEGAS -- The Venetian and Palazzo on the Strip provided Las Vegas Sands Corp. with somewhat lackluster revenues in the third quarter.Wall Street didn’t give the results much attention.Macau is what drives Las Vegas Sands.In the three months ended Sept...read more

Sands-sponsored survey finds most opposed to Internet gaming

LAS VEGAS -- A national survey conducted on behalf of Las Vegas Sands Corp. found that 67 percent of those questioned are opposed to legalizing Internet gaming.Among the findings from the poll directed by The Tarrance Group earlier this month was that 62 percent of those surveyed approved of having various forms of gambling in their respective states as a way of generating tax revenues.However, the polling found sound opposition to Internet gaming...read more

Caesars Entertainment's terrible, horrible, no good and very bad weekend

LAS VEGAS -- Has there ever been a gaming company that suffered through a worse 72-hour period than Caesars Entertainment Inc.?On a Friday evening, Caesars was punted from a proposed $1 billion project in Boston. Then the company was forced to dump its licensing partner in a $185 million Strip casino renovation...read more

Deal Me In: Vegas on the cheap

Dear Mark: It would never have occurred to me to e-mail you except I am reading your column in today's Detroit Free Press and I see a non-gambler wrote you to say how much he enjoys your column. Ditto for me! However, I do want to tell you that my wife and I love to go to Las Vegas at least once a year...read more

Poker Player Tweets of the Week: It's time to debate

Poker players will debate pretty much anything. They're analytical by nature and they spend hours on end sitting around chatting with their friends at the tables. So it's no surprise that a couple of tweets really stirred up the poker community this week...read more

Delaware to go live with online gambling on Oct. 31

Delaware will launch real-money online gaming on Oct. 31. The Halloween treat for casino players was confirmed Tuesday at the World Regulatory Briefing in Philadelphia by Dover Downs Hotel and Casino President and CEO Ed Sutor."In nine days, Delaware will be the first state in the country to go with full online gaming," Sutor said."It is going to bring customers back to the brick-and-mortars," Sutor added.Delaware is allowing its three casinos to offer a full suite of casino games online, including slot machines, table games and poker...read more