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News - Page 1117

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Gambling stocks down again in November

MGM Mirage, Las Vegas Sands, Boyd Gaming and Wynn Resorts all post double-digit declines in their month-over-month daily price averages.

Tribe suspends work on California hotel

News brief: The project was estimated to cost $1 billion and more than 2,000 jobs are jeopardized due to the stoppage.

VLT monies cut in Spa budget

News brief: Governor says $3.3 million in VLT 'impact' aid Saratoga Springs received last year would be slashed in half.

Wet Thanksgiving expected for Las Vegas

If you're making travel plans for the holiday, don't forget to pack an umbrella — up to an inch of rain is possible this week for the Las Vegas area.

Station Casino owners consider cash infusion

The owners could loan the company between $450 million and $500 million to weather the current economic storm.

Hedge fund buys $9.3 million stake in General Growth

A New York-based hedge fund bought the stake in the mall giant, who has seen its shares lose more than 98 percent of their value this year.

Alabama judge tosses gambling lawsuit

News brief: The federal judge rejected a lawsuit made by the Alabama attorney general on the expansion of gambling on Indian lands.

Web betting is wedge for Big Gaming

Casino companies are at odds over the prospect of legalized Internet gambling.

NJ Supreme Court denies Tropicana appeal

News brief: New Jersey's highest court upheld the decision to strip Tropicana Entertainment LLC of its license and put the troubled gaming hall up for sale.

Las Vegas Sands board member resigns

Andrew Heyer resigned last week because of increased demands on his "personal business interests."

Michigan casino lays off 100

News brief: The Little River Casino laid off 100 of its 950 employees on Monday.

Mafia member busted in sports gambling ring

News brief: An acting capo for the Luchese crime family was arrested for running a sports betting ring in the Bronx.

Wagering declines at New York tracks and OTBs

News brief: Wagering through October at New York’s racetracks and Off-Track Betting facilities was down 4% and 6% from the same time last year

Harrah's Chester to cut purses by 15%

News brief: Harrah's Chester Casino and Racetrack has enacted an across-the-board purse cut of approximately 15%.

With gaming help, union puts owning a home within members' reach

Culinary union announces launch of housing program, making $2 million in loan assistance available to first-time homebuyers who are covered under Culinary contracts.

As target users get younger, slots get more hip

Companies show off more slot breakthroughs to interest younger players while still appealing to their core audience of over-65 gamblers.

Cool stuff but no takers

The economic downturn means thinner budgets and less buying at the Global Gaming Expo.

Scaled-back Silverton expansion set to open

The 35,000-square-foot expansion cost $160 million and includes 800 new slot machines, a high-limit room with 60 more slot machines and three table games, and a six-table poker room.

Economy not hurting Pennsylvania slots

News brief: The five casinos in the state that have slot machines have seen gains not seen by Atlantic City.

Struggling economy weakens bids for Illinois casino license

News brief: The state gaming board will vote Tuesday on who will receive the state's 10th and final gaming license.

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