The Tipping Point: Rising slot hold percentages are driving players away, and revenue down
By Andrew Klebanow Gaming revenues, and in particular slot revenues, continue to decline in most U.S. gaming jurisdictions. This pattern of decline began at the onset of the recession and has continued even as the economy improved. Casino operators often…
Resorts flapper lawsuit 'resolved,' attorneys say
http://www.pressofatlanticcity.com/news/breaking/resorts-flapper-lawsuit-resolved-attorneys-say/article_1322d462-5edb-11e4-b9d2-b3bd8dacc447.html Replies: No replies were posted for this topic.
Defense says FBI posed as tech repairmen in ruse
WASHINGTON (AP) – Federal agents turned off Internet access to three luxury villas at a Las Vegas hotel then impersonated repair technicians to surreptitiously get inside and collect evidence in an investigation of online sports betting, according to defense lawyers…
Las Vegas: SLS Las Vegas president leaves for new project
LAS VEGAS (AP) – SLS Las Vegas officials say the hotel-casino’s president and chief operating officer Rob Oseland (AHS’-land) is leaving to help build a new resort on the Strip. SLS officials announced Monday that Scott Kreeger will replace Oseland….
Trump Entertainment Asks Judge to Allow Plaza Slot-Machine Sale
(Bloomberg) — Trump Entertainment Resorts Inc. idled 353 slot machines with names such as Top Dollar, Jackpot, Loveboat and Dangerous Beauty when it closed its Plaza casino in Atlantic City, New Jersey, after declaring bankruptcy. Now the company is betting…
Wynn revenues dip, but profits up in Q3
Wynn Resorts Ltd. said Tuesday the company had a 1.4 percent dip in revenue in the third quarter, but results from the casino operator’s Strip properties boosted profits. Wynn said its net income for the quarter that ended Sept. 30…
Las Vegas: Yearlong Harmon Hotel defects trial to start
The Harmon Hotel was supposed to be the front door to CityCenter’s high-rise complex on the Strip. Instead, it’s being demolished piece by piece because construction defects left it vulnerable to earthquakes. Six years after those defects were discovered and…
Total Rewards question
What would a Caesars bankruptcy mean for casino players? Should we be running to cash in rewards credits before the likely January filing? A: If you’re concerned about Total Rewards going away completely, in light of recent moves and the…
Loveman touts meeting center, mum on casino closings
Gary Loveman, CEO of Caesars Entertainment, signs a ceremonial beam at the construction site of Harrah’s Waterfront Conference Center, Wednesday, Oct. 22, 2014, in Atlantic City, N.J. during a topping off ceremony. It is due to open next summer to…
Icahn says Taj casino likely to close
ATLANTIC CITY, New Jersey (AP) – Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino “will almost certainly close.” The would-be purchaser of the casino told The Associated Press on Thursday night that the casino’s finances are dire….