Caesars Creditor Walks Out1

One of Caesars Entertainment Corporation’s main creditors walked out of talks on restructuring a major portion of the company’s $24.2 billion in debt.

Published November 3, 2014

In New York, the Wait Continues

October has come and gone with no decision on four new Class III casino licenses now up for grabs in upstate New York. The state’s casino siting board is...

Published November 3, 2014

‘Jackpot Fatigue’ Causing Declining Lottery Sales

Lottery sales are declining in certain states due to what Maryland Lottery director Stephen Martino (l.) called "jackpot fatigue," in which players are no longer thrilled by big prizes....

Published November 3, 2014

Texas Casino Cruises To Begin

Vidal Conde, a former rodeo bull and bucking bronco rider, said his new Texas Gold Nugget Casino Cruises will begin offering two daily five-hour trips to international waters for...

Published November 3, 2014

Ashes to Ashes?

Casino workers in Macau say their employers are not obeying the government’s new ban on smoking in public gaming areas. Instead, the casinos are redesignating high-limit mass-market tables as...

Published November 3, 2014

SEC: Full House Investors Can Pursue Proxy Fight

The Securities and Exchange Commission has OK’d a request from Full House Resorts shareholders to continue a campaign to remake the company’s board. The shareholder group has complained about...

Published November 3, 2014

Japan, S. Korea in Berjaya’s Sights

Malaysian tycoon Vincent Tan (l.) isn’t getting the casino he wants in his home country, so he’s looking abroad, and in a big way, to possible gaming resorts on...

Published November 3, 2014

Slowdown in Vegas

Gaming revenues in Vegas dropped in September, but the numbers were still up from the same period in 2013. Declines in baccarat and blackjack volumes were mainly responsible for...

Published November 3, 2014

Analysts: More Casinos Coming to South Korea

A new report by investment bank Standard Chartered says South Korea will authorize as many as three more resort casinos for a special economic zone around Incheon International Airport....

Published November 3, 2014

Philly Mayor Impatient with Board

Philadelphia Mayor Michael Nutter (l.) urged Pennsylvania regulators to make a decision on the second casino license for the city.

Published November 3, 2014

Nepal Closures Rankle Hoteliers

Nepal’s leading hotel operators want the government to move fast to resolve tax disputes with the Himalayan state’s casinos. The industry was shut down earlier this year over unpaid...

Published November 3, 2014

Nothing but Net

The $1.4 billion All Net Arena, planned for 27 acres near the Las Vegas Strip, has broken ground. The privately funded, 22,000-seat sports venue backed by NBA star Jackie...

Published November 3, 2014

New Tax, Entrance Fee Loom in Sri Lanka

Sri Lanka President Mahinda Rajapaksa (l.) likes casinos, but his political opposition and the island nation’s influential Buddhist leaders don’t. He’s pitching a higher tax rate and an entrance...

Published November 3, 2014

Video Gambling: Curse And Blessing in Illinois

As of last month, about 18,000 video gambling terminals were projected to generate more than $180 million in revenue for Illinois. Tom Swoik, director of the Illinois Casino Gaming...

Published November 3, 2014

Bowling Trumps Bets at South Point

South Point’s new championship-caliber bowling arena rolled a strike over the weekend, welcoming the GEICO PBA World Series of Bowling to mark its grand opening. The $35 million venue...

Published November 3, 2014

Atlantic City and Revel Casino Fight Over Taxes

Atlantic City is seeking to collect $30 million in taxes from the closed Revel casino and has asked a bankruptcy judge to allow a tax lien auction. Revel says...

Published November 3, 2014

Cripple Creek Launches Ad Campaign

City officials and casino operators in Cripple Creek, Colorado recently agreed to a partner in a $240,000 advertising campaign claiming the city is a great place to play and...

Published November 3, 2014

New Jersey’s Stockton College Looking to Buy Closed Atlantic City Casinos

Atlantic City’s mayor has confirmed that the Richard Stockton College of New Jersey—located just minutes from Atlantic City—is negotiating to buy one of two closed casinos in the city—probably...

Published November 3, 2014

Pennsylvania Group Targets Casino Smoking

A nonprofit anti-smoking group urging elimination of the casino exemption to Pennsylvania’s indoor smoking ban drove its point home with an experiment at Pittsburgh’s Rivers Casino.

Published November 3, 2014

Linq Cuts the Ribbon in Las Vegas

Caesars Entertainment has officially opened its all-new Linq Hotel. The former Imperial Palace, which briefly bore the name the Quad, is at the center of the Linq Promenade, with...

Published November 3, 2014