US pro sports leagues gradually embrace gambling
We’ve come a long way since Hall of Famers Mickey Mantle and Willie Mays were banned from baseball for associating with gamblers – not betting on games or tipping them off about injuries, but by shaking their hands as Atlantic…
Caesars to trim nationwide workforce by less than 1 percent
Casino giant Caesars Entertainment Corp., attempted to clarify planned cost-saving measures Thursday, saying it will reduce its 68,000-person workforce nationwide by less than 1 percent. The company, which operates nearly 40 casinos in 14 U.S. states and the Canadian province…
Taxes, schools, casinos key to Christie AC plan
ATLANTIC CITY, N.J. (AP) – A plan commissioned by Gov. Chris Christie to help Atlantic City calls for setting predictable tax payments for casinos, temporarily freezing taxes on non-gambling property, giving schools more aid if they reduce costs and temporarily…
Measure Would Allow Casino Gambing in Texas
For the sixth straight Legislative session, a measure has been introduced for the 2015 Legislature that would allow casino gambling in Texas, Newsradio 1200 WOAI reports. The measure, sponsored by State Rep. Carol Alvarado (D-Houston) would establish a Texas Gaming…
SLS Las Vegas buffet to close, reopen in 2015
SLS Las Vegas will close its buffet restaurant on Sunday, but officials said it would to reopen the space after the first of the year. New SLS President Scott Kreeger said the second floor location “is doing OK, but not…
Caesars CEO encouraged by Las Vegas tourism indicators
Caesars Entertainment, the debt-saddled operator of many of the Strip’s most iconic resorts, reported its third quarter earnings today. Company: Caesars Entertainment Corp. (NASDAQ: CZR) Revenue: $2.2 billion, up 6 percent from the third quarter of 2013. Loss: $908.1 million,…
Caesars Entertainment posts $908.1 million loss in Q3
Caesars Entertainment Corp. lost $908.1 million in the third quarter despite a 6 percent increase in revenue, the casino company said Monday. The financial results were somewhat overshadowed as Las Vegas-based Caesars said it was continuing formal negotiations with lenders…
(Florida) Quietly, and by private jet, Tampa's Hard Rock Hotel Casino is attracting unexpected visitors: High rollers from Asia
TAMPA (FOX 13) – Quietly, and by private jet, Tampa’s Hard Rock Hotel & Casino is attracting unexpected visitors: High rollers from Asia. “They’re very high net worth,” said General Manager Pete Wu. “They have millions to spend.” Wu, who…
Singapore casinos battle over high rollers
Marina Bay Sands -Singapore By RACHEL ARMSTRONG and ANSHUMAN DAGA REUTERS SINGAPORE — Singapore’s two glitzy casinos are fighting for a shrinking pool of high rolling players as China’s corruption crackdown and economic slowdown reduce the number of VIPs at…
Vegas Nightclub May Pay Tab for $185 Million Caesars Hotel Loan
(Bloomberg) — Caesars Entertainment Corp., the casino owner saddled with $24 billion in debt, has a new source of income — from a nightclub on the Strip — to help refinance a loan. The growing importance of bar tabs and…