Vegas Casinos Must Pay $127 Million to Leave Utility

Three of the largest casino operators in Las Vegas won approval of their applications to leave Nevada’s largest power utility, NV Energy, which is owned by billionaire Warren Buffet....

Published December 7, 2015

Club Fortune Casino Deal Done in Nevada

Nevada Gold & Gaming on December 1 announced it finalized its deal to buy the Club Fortune Casino in Henderson for $14.1 million and 1.2 million in common shares....

Published December 7, 2015

Bicycle Casino Unveils New Hotel

Southern California’s Bicycle Casino, “The Bike” to its loyal customers, has knocked things up a notch with a new hotel and a new moniker: Bicycle Hotel & Casino. The...

Published December 7, 2015

FBI, Detroit Police Investigating Casino Theft

A man wearing a Loomis uniform took more than $500,000 from a Loomis armored van outside Detroit's Greektown Casino. The driver, assuming the thief was a co-worker, opened the...

Published December 7, 2015

Bader Field Plans Delayed in Atlantic City

Atlantic City’s City Council delayed passage of an agreement to lease Bader Field, the city’s former municipal airport for athletic fields, after concerns were raised by the resorts state-appointed...

Published December 7, 2015

Tropicana Evansville Plans $50 Million Move to Dry Land

Indiana is looking to stem declines in its riverboat casino markets by allowing the operations to relocate on-shore, the better to cope with competition from neighboring states. Tropicana Evansville...

Published November 30, 2015

California’s New Bicycle Hotel & Casino Unwrapped

The Bicycle Casino Hotel & Casino in Bell Gardens, California, last week celebrated it’s the grand opening of the $50 million facility with a lavish ribbon cutting. Governor Jerry...

Published November 30, 2015

Springfield Deems MGM Casino Plans ‘Complete’

Another step for MGM Entertainment to go forward with building its $950 million MGM Springfield has been completed with the city of Springfield, Massachusetts deeming the revised plans for...

Published November 30, 2015

Atlantic City Revel Case to Be Settled, Owner to Buy Power Station

Developer Glenn Straub will assume control of Revel Atlantic City’s troubled power plant (l.) under a deal that could end nearly seven months of litigation over the closed casino....

Published November 30, 2015

Rock Gaming to Take Over Ownership of Ohio Casinos

Rock Gaming is nearing the time when it will take over total ownership and operation of two casino resorts (Horseshoe Cincinnati at left) and a racino in Ohio from...

Published November 30, 2015

Judge Delays Caesars Hearing

A U.S. bankruptcy judge has denied an expedited hearing for the reorganization plan of Caesars Entertainment Operating Company, demanding additional information.

Published November 30, 2015

Station Casinos IPO Valued at $100 Million

The initial public offering by Station Casinos in Las Vegas is valued at $100 million and will be underwritten by financial firms Deutsche Bank, JP Morgan, Merrill Lynch, and...

Published November 30, 2015

Atlantic City Casinos See Big Profit Bump for Third Quarter

Atlantic City’s eight casinos saw a 61 percent increase in gross operating profits. All eight of the city’s casinos, including the Trump Taj Mahal, saw profit increases for the...

Published November 30, 2015

San Juan’s Condado Plaza Hilton Closes Casino

Puerto Rico’s Condado Plaza Hilton has closed its casino, citing failure to generate sufficient revenue as the commonwealth experiences an economic slump.

Published November 30, 2015

Golden Entertainment Focus on Shareholders

Golden Entertainment Chairman and CEO Blake Sartini (l.) says the company is focused on generating greater value for shareholders through maximum management efficiency four months after the new company...

Published November 30, 2015

XpressWest High-Speed Rail Approved

XpressWest wound up being the only realistic bidder to build a high-speed rail line connecting Las Vegas and Southern California, the Nevada High Speed Rail Authority said when it...

Published November 30, 2015

Labor Talks Move Forward in Detroit

Detroit’s casinos and the unions representing some 6,000 of their workers say they’re closing in on a new labor contract. The breakthrough appears to have come in the form...

Published November 30, 2015

Mayor: Atlantic City Could Run Out of Money by April

Atlantic City Mayor Donald Guardian (l.) told reporters that the city could be insolvent by April 2016 if a package of bills designed to rescue the city’s finances are...

Published November 30, 2015

Caesars Entertainments Partners With Uber in New Jersey

Caesars Entertainment and Uber New Jersey have partnered together to try and drive more tourists to Atlantic City. The companies have both launched an education campaign to promote using...

Published November 30, 2015

Dotty’s Sues Las Vegas

Dotty’s, which owns 16 restricted-gaming establishments in Las Vegas, accuses the city of civil rights violations in a federal lawsuit filed November 25 and wants the court to enjoin...

Published November 30, 2015