Gaming

Gaming regulators OK $1.73 billion sale of Cosmopolitan

An exterior view of the Cosmopolitan hotel-casino in Las Vegas.

The sale of the Cosmopolitan of Las Vegas cleared its last regulatory hurdle today when the Nevada Gaming Commission approved the $1.73 billion transaction. The sale was ...

SLS visionary Sam Nazarian gets limited gaming license

Sam Nazarian, CEO at SBE Entertainment, speaks during a press conference at SLS Las Vegas on Friday, Aug. 22, 2014.

Sam Nazarian, the Los Angeles nightclub tycoon and visionary behind SLS Las Vegas, was awarded a limited gaming license from Nevada regulators today. But under terms of the license, he remains barred from involvement with casino operations at the Strip’s newest resort. The decision ...

Carl Icahn promises Taj Mahal casino $20 million to stay open

This Oct. 24, 2014, photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J.

Billionaire investor Carl Icahn pledged $20 million on Thursday to keep Atlantic City's Taj Mahal casino open indefinitely, eliminating a plan to shut it down early ...

Judge to decide evidence issue in gambling case

A federal judge said Thursday she'll rule soon on whether the FBI improperly entered suites at a Las Vegas Strip casino without a warrant during a probe of what prosecutors say was ...

Former MGM executive named next CEO at Cosmopolitan

John Unwin, CEO of the Cosmopolitan of Las Vegas, stands atop the resort-casino's marquee.

William McBeath, a former MGM Resorts International executive, is the next chief executive officer of the Cosmopolitan of Las Vegas. The resort announced McBeath’s appointment ...

Nevada regulator testifies in Las Vegas gambling ruse

A Nevada casino regulator told a federal judge that investigators spent hours briefing a federal prosecutor before employing a ruse to gain entry to high-roller suites at Caesars Palace and break up what prosecutors say ...

Nazarian out of day-to-day operations at SLS

Sam Nazarian at the grand opening of his SLS Las Vegas on Friday, Aug. 22, 2014, on the Strip.

Sam Nazarian has been the driving force behind SLS Las Vegas, but he encountered serious difficulty two weeks ago when ...

Caesars misses $225 million interest payment

An exterior view of Caesars Palace on Thursday, June 6, 2013.

Caesars Entertainment Corp. officials say they won't make a $225 million interest payment due Monday on some of its debt as the company keeps negotiating with senior bondholders to restructure the company's finances. ...

Adult club fined $25,000 by state gaming regulators

Adult club fined $25,000 by state gaming regulators

An adult entertainment club in Las Vegas has agreed to pay a $25,000 fine to state gaming regulators for violations involving catering to gang members, shootings inside and outside the business and numerous Clark County violations.

Chinese defendants enter pleas in Las Vegas gambling case

Two more Chinese citizens took plea deals Wednesday in what federal prosecutors say was an illegal Internet gambling ring broken up by an FBI raid at high-roller suites at Caesars Palace ...

Jackpot: Here are some of the biggest slot payouts in Las Vegas history

Linda and Walter Misco of Chester, N.H., won the $2.4 million jackpot from the legendary “Lion’s Share” slot machine at MGM Grand on Friday, Aug. 22, 2014, on the Strip. The jackpot had not been won in 20 years.

Seven- and eight-figure slot machine jackpots are rare, but they happen. What were the biggest payouts in Las Vegas? Read on for ...

Gambling association releases first-of-its-kind money laundering report

Players compete on the first day of the World Series of Poker main event Saturday, July 5, 2014, in Las Vegas. Players were vying for the $10 million first-place payout at the poker tournament. (AP Photo/John Locher)

Casinos, like banks and other institutions that deal with a lot of money, are required by law to vigilantly look out for financial transactions that may be illegal ...

Caesars Entertainment wants Delaware lawsuit tossed

A Delaware judge is weighing whether to grant a motion by Caesars Entertainment Corp. to dismiss a lawsuit by bondholders accusing the company of fraudulently transferring assets of its debt-laden operating unit in order to ...

FBI-Caesars search case to narrow to father, son

Five defendants are poised to take plea deals in a federal Internet gambling case in Nevada that stemmed from a disputed FBI raid last summer at high-roller suites at Caesars Palace on ...

Gambling group drafts anti-money laundering guide

A gambling industry group says it's drafted a first-of-its-kind guide to help casinos prevent money laundering. The American Gaming Association released its best practices Thursday to help casinos and Internet gambling sites comply with ...