Commentaries: We Don’t Want to Be Like Vegas
By Ken Adams Historically, Las Vegas was the bad-boy of the gaming industry in the eyes of legislators and regulators. When introducing casinos into a new jurisdiction there was one thing they all knew for certain – they did not…
The difference between gamblers and tourists in Atlantic City: Oceans
Once fixated on bringing gamblers to town and keeping them captive in the casinos, Atlantic City is betting on tourists. There is a big difference. ATLANTIC CITY, N.J. — For decades, this gambling town had constructed itself one heck of…
Fitch upgrades MGM Resorts, MGM China ratings
Fitch Ratings Inc has upgraded MGM Resorts International’s rating to ‘B+’ from ‘B’ and subsidiary MGM China Holdings Ltd’s rating to ‘BB’ from ‘BB-’. The rating outlook remains positive, the rating agency said in a note on Thursday. MGM China’s…
Las Vegas: Wynn Gambling Lawsuit Back On
LAS VEGAS (AP) — A lawyer for a German gambler says he’ll seek to consolidate two federal lawsuits in Las Vegas after an appeals court reinstated a case alleging his client owes the Wynn Las Vegas resort $250,000, but not…
Atlantic City: Unshuffled cards game ruled legal
ATLANTIC CITY, N.J. (AP) – Games of mini-baccarat played at the Golden Nugget two years ago with unshuffled cards in which gamblers won $1.5 million did not violate any rules or laws, New Jersey casino regulators ruled. The regulators’ decision…
Caesars’ Assets Insufficient to Satisfy Lenders: Distressed Debt
(Bloomberg) — Yields on bonds from a Caesars Entertainment Corp. unit are diverging in a sign that the casino company will be unable to satisfy warring creditor classes and increase the odds of a bankruptcy. “It’s difficult to understand how…
(Las Vegas) In an attempt to lure young gamblers, Station Casinos is turning to what may seem like an unlikely game: bing
In an attempt to lure young gamblers, Station Casinos is turning to what may seem like an unlikely game: bingo. Long the domain of the elderly, bingo rooms may not seem like an attractive location for millennials to gamble. But…
Porn Wars: Is Las Vegas the new (San Fernando Valley) Los Angeles?
Patrice Sabourin of France poses for a photo with Jules Jordan Video stars at the 2012 AVN Adult Entertainment Expo in the Hard Rock Hotel By Andrea Domanick Las Vegas has a new vice. You might not notice it, but…
Ben Affleck admits to getting in trouble for counting cards
Ben Affleck knows how to count cards at blackjack and he’s gotten in trouble for doing it in a casino, the actor admitted in an interview in Details magazine’s October issue. Various outlets reported in May that Affleck had been…
Atlantic City: MGM Resorts puts regulators’ nerves to rest
MGM Resorts International owns 50 percent of Borgata, left, in Atlantic City, as well as this 72-acre land parcel between the Borgata and Harrah’s Atlantic City. It’s unclear what the company will do with the land, seen here on Sept….