Packers Macau investment of $600MM worth $6Billion now
MacauBusiness.com http://www.macaubusiness.com/news/packer%E2%80%99s-us600m-in-city-of-dreams-worth-billions.html Australian businessman James Packer says his US$600 million (MOP4.8 billion) investment in the City of Dreams is now worth US$6.2 billion, the Sydney Morning Herald reports. At an annual general meeting in Sydney today, the Melco Crown Entertainment…
LV Helicopter tour operator files for bankruptcy,
Richard N. Velotta SENIOR BUSINESS REPORTER Las Vegas Sun A longtime scenic helicopter tour operator will continue to operate through a Chapter 11 bankruptcy filing, an attorney representing the company said Tuesday. Heli USA Airways, based at McCarran International Airport,…
Caesars Entertainment reports 3rd-quarter loss of $761.4 mil
by Richard N. Velotta SENIOR BUSINESS REPORTER Las Vegas Sun Las Vegas-based Caesars Entertainment, operator of Caesars Palace, Bally’s, Paris-Las Vegas, Harrah’s, the Quad, the Flamingo and the Rio in Las Vegas, as well as several properties around the country,…
DE officials soft launch online gambling with select group
DOVER, Del. — Delaware lottery officials are beginning real-stakes Internet gambling in the state with a select group of preferred players whom they wouldn’t name or describe. State lottery director Vernon Kirk said Tuesday that officials will conduct a “soft…
American Greed':Blackjack cheaters from CNBC
As players ourselves, we will take this with a grain of salt. Most of the people reporting these "crimes" have no idea how the game is played or what advantage play is. They budle cheating and AP into one bundle….
Deadbeat gamblers as economic indicator
From AP How do you know the economy is coming back? High rollers are paying their gambling debts. All four major U.S. casino corporations bumped up their allowances for bad debt during the recession, with one company estimating that fewer…
Scientists Reduce Behaviors Associated With Problem Gambling
From Science Daily Oct. 29, 2013 — With the help of a rat casino, University of British Columbia brain researchers have successfully reduced behaviours in rats that are commonly associated with compulsive gambling in humans. The study, which featured the…
Sands, Other Macau Casinos Set Monthly Gaming Record .
Macau continues to be a golden cash cow for Las Vegas Sands (LVS), MGM Resorts International (MGM), Wynn Resorts (WYNN) and other casinos in the world’s top casino gaming destination. Analysts forecast that gross gaming revenue for Macau this month…
Mississippi Casino Revenue Continues Record Slide
For many states, the end to the economic recession brought an increase in casino gambling activity. States such as Florida, Louisiana, and Nevada have rebounded in grand fashion from the low revenue figures seen during the recession. One state that…
Professional poker player files to run for Congress
By Andrew Doughman (contact) Monday, Oct. 28, 2013 | 4:58 p.m. A Las Vegas professional poker player wants to represent Nevada in Congress. Frank Kassela, a business owner who has won millions of dollars playing poker, filed paperwork last week…