Caesars Posts Wider Quarterly Loss on Higher Interest Expenses
(Bloomberg) — Caesars Entertainment Corp., the casino operator that’s battling creditors in court over debt restructuring, said its second-quarter loss more than doubled, in part because of higher interest expenses. The net loss widened to $466.4 million, or $3.24 a…
Commentaries: By Bob Dancer; A Different Sort of Player Reward
(Note: in this article, a “local” casino is one whose customer base lives relatively nearby.) The success of local casinos frequently depends on several visits per player per month. Typically these casinos “bribe” players to come in regularly. The bribery…
False Soccer Data Tripping Up Bookmakers Raises Security Concern
(Bloomberg) — Perform Group Plc’s RunningBall unit, which supplies real-time soccer match data, is investigating false information it relayed to bookmakers amid concern reporters could be induced to help commit betting fraud. Huenenberg, Switzerland-based RunningBall, which says it employs 1,000…
Is Macau party for Wynn, Adelson headed for trouble?
By John L. Smith, Las Vegas Review-Journal For casino titans Steve Wynn and Sheldon Adelson, the roaring Macau casino market has been a seemingly endless party of rapid expansion and record-setting profit. Stock in Wynn Resorts International and Las Vegas…
Betting on a good time: Mohegan Sun vs. Foxwoods
Mohegan Sun, left, and Foxwoods casino both have a lot to offer. UNCASVILLE — “What’s the matter, kid? Someone flush your goldfish down the toilet?” the woman seated next to me asked as I half-heartedly hit the “Repeat Bet” button…
Six cheats still wanted by Nevada Gaming Control Board
Rachel Crosby, Las Vegas Review-Journal Jubreal Chahine, one of Nevada’s seven-most-wanted cheats, was recently taken into custody at the Sands Resort in Bethlehem, Pa. Chahine, 40, held 21 felony charges and seven warrants when casino employees spotted him on July…
Irish Bookie Follows Stolen Client Cache to Ontario Basement
Katia Dmitrieva and Donal Griffin, Bloomberg (Bloomberg) — Jason Ferguson said the job was straightforward: buy a gambling company’s client data and flip it to a rival who could use the information to win new customers. Instead, the story ended…
Christie vetoes sports betting bill in New Jersey
Jill Colvin, Associated Press HOBOKEN, N.J. (AP) – Gov. Chris Christie has vetoed legislation that would have paved the way for sports wagering at New Jersey’s casinos and racetracks. Christie on Friday rejected a bill that would have pushed New…
Construction mistake delays McCarran tower opening
Richard N. Velotta and Keith Rogers, Las Vegas Review-Journal An error during construction of McCarran International Airport’s $99 million, 352-foot Federal Aviation Administration tower will delay the opening of the facility by at least a year and could cost millions…
Commentaries Atlantic City’s best days are not behind it
Despite the flurry of recent media reports proclaiming the downfall of the East Coast’s sin city, Atlantic City is taking the right steps to reinvent itself as a diversified resort destination. The problem is that the process to build a…