Featured Articles Archive - Page 283

Worries of avian flu outbreak in China have kept lid on Macau gaming stocks

One would think that after a record-setting gaming revenue month for Macau, share prices of the three Nevada casino operators doing business in the Chinese gaming enclave would skyrocket.Guess again.Shares of Wynn Resorts, Limited, Las Vegas Sands Corp...read more

Ex-executive's testimony could shift Adelson trial's tone

LAS VEGAS -- During the 2008 breach-of-contract trial between Hong Kong businessman Richard Suen and Las Vegas Sands Corp., Sheldon Adelson went to great pains to correct his testimony after suggesting that Bill Weidner, who was then president of the company, had breached fiduciary responsibility to the casino operator.Adelson hasn’t tossed many compliments toward Weidner recently.On Thursday, as the initial “adverse” witness in the retrial of Suen’s dispute with Las Vegas Sands, Adelson matter-of-factly admitted he fired Weidner in March 2009.Later in the day, jurors were played a portion of Adelson’s deposition from the still-to-be-tried wrongful termination case filed by former Sands China CEO Gary Jacob.Jurors heard Adelson say, “Bill turned out to be a liar.”On Wednesday, they are expected to hear from Weidner himself...read more

Penn National plans to build Hollywood-brand casino in San Diego

Regional casino giant Penn National Gaming, Inc., which owns M Resort, announced plans Friday to enter San Diego’s Indian gaming market.The company, which is based in Wyomissing, Pa., announced an agreement to build a $360 million Hollywood-branded casino project for the Jamul Indian Village...read more

Reappointment of Gaming Commission members confirmed

LAS VEGAS -- Gov. Brian Sandoval will keep the five-member Nevada State Gaming Control Board Gaming Commission intact for another year.Sandoval spokeswoman Mary-Sarah Kinner confirmed the governor has reappointed Las Vegas attorneys Joe Brown and John Moran Jr...read more

Primm store poised to reap benefits of California's Powerball status

The Primm Valley Lotto Store isn’t much of a convenience outlet.Bottled beverages and ice make up 100 percent of its inventory.But that wasn’t why it was opened in 1992 on the California side of the border with Nevada, just off Interstate 15 and adjacent to the three Primm Valley casinos.Because in part of its proximity to Las Vegas, the store regularly ranks as the No...read more

Top-10 ways to bet on baseball

The Major League Baseball season began last week, and while baseball isn't one of the most popular sports to bet on (lagging far behind football, soccer and basketball), there are still plenty of opportunities to wager on the American pastime...read more

What's the best way to tip dealers at craps?

Question: What's the best way to tip dealers at a craps table?Answer: Consider tipping table game dealers who've been helpful and courteous. You can do it three general ways – make a bet for the dealers so they're in on the action, drop them money during play after a noteworthy round, or leave them something when you quit...read more

Vietnam government OKs changes to development partly owned by Pinnacle Entertainment

The government of Vietnam on Thursday formally approved requested amendments to the investment certificate of Asian Coast Development in the company’s planned Ho-Tram Strip project that is 24 percent owned by Pinnacle Entertainment, Inc.Banks had suspended a $175 million credit agreement for the project until the government had approved the amendments...read more

Unions, MGM and Caesars poised to begin contract talks

LAS VEGAS -- Representatives from two unions and the Strip’s two major casino operators will begin contract negotiations today covering thousands of hotel and restaurant workers at some 20 resorts.Five-year collective bargaining agreements covering Culinary Workers Local 226 and Bartenders Local 165 members expire June 1 at Strip resorts operated by MGM Resorts International and Caesars Entertainment Inc.Union leaders, joined by worker representatives, will sit across the bargaining table in separate meetings with executives from MGM Resorts and Caesars in the initial contract talks...read more

Las Vegas Sands pushing for Florida casino, but gaming expansion still stalled

LAS VEGAS -- Las Vegas Sands Corp. hasn’t given up on Florida.On Tuesday, the casino company’s Florida lobbyist told state lawmakers they should “go big” in an expansion of gaming in the state.According to the Sunshine State News, Nick Iarossi, a lobbyist for Las Vegas Sands, told Florida’s House Select Committee on Gaming that the state should provide incentives for destination-resort developers, such as creating a tax rate that allows casino companies to build large scale resorts.Las Vegas Sands was one of several gaming companies that expressed interest in building a hotel-casino complex in the Miami area last year...read more