Cosmopolitan of Las Vegas trims loss, grows revenue
The Cosmopolitan of Las Vegas reduced its net loss and grew revenue in the third quarter, operators of the Strip resort said Friday. The hotel-casino, which operates as Nevada Property 1, said in a filing with the Securities and Exchange…
James Packer Lures Deutsche Bank’s Rankin to Consolidated Press
Nov. 8 (Bloomberg) — Australian billionaire James Packer persuaded Deutsche Bank AG’s co-head of corporate banking and securities, Robert Rankin, to run his family investment firm. Rankin, an Australian, will leave his job in London in January to become chief…
SugarHouse renews effort to kill 2nd Philly casino
Gambling regulators are nearing a decision on Philadelphia’s second and final casino license, with the Pennsylvania Gaming Control Board scheduling a Nov. 18 vote that will likely come under scrutiny no matter which of the applicants – if any –…
IGT Wheel Of Fortune® Strikes Gold In The Silver State With $1 Million Jackpot
LAS VEGAS, Nov. 5, 2014 /PRNewswire/ — The world’s most loved slot machine continued its millionaire-minting streak when William P. won a $1,037,645 jackpot on global gaming entertainment leader IGT’s IGT, -0.15% Wheel of Fortune® at Casino Fandango in Carson…
Casino revenue up as economy strengthens
HARTFORD, Conn. (AP) – Revenue at U.S. casinos jumped more than 6 percent in 2012, the first significant increase in three years as economic growth picked up speed and more casinos opened in several markets. But revenue generated by Indian…
Regulators finalize MGM Wynn casino licenses
BOSTON (AP) – Wynn Resorts and MGM Resorts International have been officially awarded the state’s first two resort casino licenses, following unanimous votes Thursday by the Massachusetts Gaming Commission. The gambling giants won the licenses months ago, but the final…
(Alabama)Special prosecutor hired to handle Bibb’s commercial gambling raid
Bibb County prosecutors have hired an outside specialist to handle the criminal and civil cases associated with the county’s largest commercial gambling raid. Atlanta-based lawyer Michael G. Lambros has handled similar cases in other Georgia counties, including Houston County, said…
China's Corruption Crackdown Pummels Macau Casinos
The southern Chinese city of Macau is the global capital of casino gambling. Last year, revenue rose about 20 percent, hitting $45 billion — nearly seven times the haul on the Las Vegas strip. But since June, Macau’s take has…
Is Glenn Straub still interested in Atlantic City? Oh, hell yeah
By REUBEN KRAMER, Staff Writer Is Glenn Straub, the rebuffed runner-up bidder on Revel Casino Hotel, still eager to invest in Atlantic City? “Oh, hell yeah,” the real estate developer said Wednesday by phone. Straub said he’s been flying to…
Christie Dines With Billionaires at Four Seasons After Election
Nov. 6 (Bloomberg) — As Chris Christie’s left hand held onto Henry Kissinger’s right shoulder, eyes around the Four Seasons Grill Room in Manhattan darted discreetly. The New Jersey governor stood up from his lunch yesterday with billionaires Steve Wynn…