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

Progressive Group Apologizes to Adelson

The group Campaign for Accountability has retracted statements made previously calling for investigations of LVS Chairman Sheldon Adelson, and has apologized to Adelson.

Published November 30, 2015

Nevada Increases Nightclubs Oversight

Nevada nightclubs that are located inside casinos no longer will be treated as wholly separate entities by state regulators, and the casinos that house them are more responsible for...

Published November 30, 2015

Stockton University Finds New Atlantic City Campus Site

After a disastrous attempt to buy Atlantic City’s closed Showboat casino for a city campus, Stockton University is now part of a plan to build a major campus in...

Published November 30, 2015

Churchill Downs Buys Back Shares

Churchill Downs approved a $150 plan to buy back shares and agreed to spend more than $138 million to buy back more than 944,000 shares from its single largest...

Published November 30, 2015

Nevada Gold Licensed for Club Fortune Casino

Nevada Gold & Casinos won state approval for a nonrestricted gaming license to operate the Club Fortune Casino in Henderson. Nevada Gold was scheduled to complete the purchase of...

Published November 30, 2015

South Dakota Smoking Ban is Five Years old

It’s been five years since South Dakota adopted a smoking ban that included local casinos. Not everyone is ready to celebrate the anniversary.

Published November 30, 2015

New York Revenue Sharing Eyed

New York State Senator Robert G. Ortt says the state is keeping too much and the city of Niagara Falls not nearly enough in revenue sharing from the Seneca...

Published November 30, 2015

Cosmopolitan Undergoing Marketing Repositioning

Known for catering to trendy, younger bettors, the Cosmopolitan in Las Vegas has switched its marketing efforts to bring in more older, traditional bettors, who are more likely to...

Published November 30, 2015

MGM President Calms Springfield

Concerns that the casino product that MGM Resorts will bring to Springfield, Massachusetts were alleviated a bit last week when company President Bill Hornbuckle appeared at a city forum...

Published November 23, 2015

Final Philadelphia Casino Prevails in Zoning Hearing

Philadelphia City Council unanimously approved zoning for Stadium Casino LLC’s new casino, despite allegations of racial discrimination on the part of partner Cordish Companies.

Published November 23, 2015

Atlanta Group Commissions Casino Study

The downtown promotion group Central Atlanta Progress Inc. has set a deadline of December 10 for applications to complete a study regarding the impact of gambling in Atlanta. The...

Published November 23, 2015