Gaming

Bankrupt Caesars unit gets court’s approval to use cash, for now

The Forum Shops at Caesars Palace on Friday, May 18, 2012.

A federal judge in Chicago ruled Wednesday that a bankrupt division of Caesars Entertainment Corp. can tap some of the $847 million in cash it has on hand for ...

New president at Venetian, Palazzo starts this month

John Caparella, who’s been president of the Venetian and Palazzo since 2011, is departing next month. He will be replaced by George Markantonis, who was most recently ...

Wynn Resorts CEO Steve Wynn earned $25 million in 2014

Steve Wynn answers a question from the audience during his keynote speech at the Global Gaming Expo, G2E, about the Sands Expo on Tuesday, September 30, 2014. .

Steve Wynn may have recently taken a pay cut as CEO of Wynn Resorts Ltd. but no need for sympathy for the casino-hotel mogul. Wynn earned $25.3 million in 2014. That was nearly ...

Wynn Resorts wants Steve Wynn’s ex-wife off board

Elaine Wynn speaks during a Las Vegas Metro Chamber of Commerce Business Power Luncheon at the Rio Wednesday, May 8, 2013.

Wynn Resorts Ltd.'s board of directors says it want Steve Wynn's ex-wife off the panel. In a financial filing Friday, the board said it would not re-nominate Elaine Wynn because of conflict-of-interest concerns and a legal complaint she has pending against her ex-husband and the company's CEO, Steve Wynn. The board says Elaine Wynn sent it a letter saying she will ...

Sports betting contest expands reach with satellite tourneys

This 2015 file photo shows the Westgate Las Vegas.

A Las Vegas-based pro football sports betting contest is aiming to expand its reach much like the World Series of Poker did by offering free satellite tournaments. The sports book at Westgate Las Vegas announced Monday it has partnered with ...

Rep. Dina Titus renews push to repeal sports wagering tax

Seeking to save as much as $11 million in taxes paid by some Nevada companies each year, U.S. Rep. Dina Titus today reintroduced legislation that would roll back a federal handle tax on sports wagers. In a letter to the leaders of ...

Gaming revenue up on Las Vegas Strip, statewide in January

A view of the Las Vegas Strip taken from a helicopter May 21, 2012.

Nevada gaming revenue rose notably in January, thanks to a particularly good month on the Strip, the state reported today. The Gaming Control Board said Nevada casinos won ...

Nevada Gaming Commission approves betting on Olympics

Gold medalist David Wise of Reno celebrates with silver medalist Mike Riddle of Canada and bronze medalist Kevin Rolland of France after the men's ski halfpipe final at Rosa Khutor Extreme Park at the 2014 Winter Olympics on Tuesday, Feb. 18, 2014, in Krasnaya Polyana, Russia.

State gaming regulators approved a request from the South Point to alter regulatory language that prohibits wagers on amateur sports, which previously included ...

Regulators OK merger between lottery operator, slot maker

Harley Davidson-themed slot machines are displayed at the IGT booth during the Global Gaming Expo (G2E) at the Sands Expo Center Thursday, Oct. 2, 2014.

Nevada gambling regulators say a $6.4 billion merger between an Italian lottery operator and U.S. slot machine maker can ...

Bank of America reaches $300 million settlement over Fontainebleau

A view of the stalled Fontainebleau resort, right, on Las Vegas Boulevard South on Dec. 30, 2014. Fontainebleau Las Vegas filed for bankruptcy protection in June 2009. Carl Icahn assumed part-ownership of the project in 2010.

Bank of America Corp on Wednesday said it reached a $300 million settlement of a lawsuit brought by lenders that helped finance construction of the failed Fontainebleau Resort and Casino in Las Vegas, which filed for ...

Revel sale resurrected; $82M price agreed on for former casino

The Revel resort, right, is shown next to the closed Showboat on Monday, Sept. 1, 2014, in Atlantic City.

A Florida developer agreed to buy Atlantic City's former Revel Casino Hotel for $82 million Tuesday, a week after a bankruptcy judge declared his former deal to buy it at a higher price dead. Glenn Straub's new contract gives him a discount from the $95.4 million his Polo North Country Club would have had to pay under ...

Gaming towns not exactly three of a kind

While gambling cities are affected by some of the same trends, their casino industries differ significantly. Las Vegas long has been the pre-eminent gambling city in terms of name recognition and historical identity. Over the past decade, however, Macau has sprinted far ahead of Las Vegas in gambling revenue ...

MGM looking to hire more than 500 employees

If you missed earlier rounds of local job fairs this year, you’re in luck: MGM Resorts is hiring for more than 500 permanent positions at its properties along the Strip. The company’s career fair will be ...

Tourism authority OKs $182.5 million purchase of Riviera

The Las Vegas Convention and Visitor Authority plans to use the site of the Riviera as part of a $2.3 billion Las Vegas Global Business District project, which includes a 1.8 million-square-foot expansion of exhibit and meeting space, shown here.

Las Vegas tourism officials today agreed to pay $182.5 million to buy the Riviera, paving the way for the closure and demolition of the nearly 60-year-old resort. At a special meeting ...

Second deal to sell Atlantic City’s shuttered Revel casino falls through

The Revel resort, right, is shown next to the closed Showboat on Monday, Sept. 1, 2014, in Atlantic City.

Another deal to sell Atlantic City's former Revel casino is dead. A bankruptcy judge on Thursday approved Revel AC's request to terminate a deal to sell the shuttered gambling resort to Florida developer Glenn Straub's Polo North Country Club for $95.4 million. The sale of the casino ...