News - Page 768

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

U.S. District Judge Andrew Gordon immediately sentenced Phua, 23, to five years of unsupervised probation on condition he stay out of the United States during that period.

The company said Tuesday it closed on a 1.75-acre site that was purchased from the Massachusetts Bay Transportation Authority for $6 million.

Gov. Brian Sandoval’s $1.1 billion tax package to fund education and other services includes a new slot machine tax on restricted gaming license holders with more than 500 machines or revenue of $10 million or more.

In a proxy filing with the Securities and Exchange Commission, Wynn Resorts said it was reducing its Class I board members from three to two and said the board decided not to renominate Wynn to serve as a director.

Caesars Chairman and CEO Gary Loveman said he wouldn’t answer questions regarding the status of the restructuring of Caesars Entertainment Operating Co.

Second hotel with 400 rooms being added to the flagship property in Uncasville, Connecticut.

Construction to commence at Scioto Downs Racino of $5.9 million microbrewery and restaurant that is expected to open by the fourth quarter of 2015.

Rep. Dana Young today introduced four gambling bills to the Florida House of Representatives that revisit attempts to bring casino resorts to South Florida.

Borgata to build an outdoor entertainment venue and nightclub later this year.

For the second time in less than one week, a slot player at Pechanga Resort & Casino in Temecula, Calif. has hit a mega jackpot.

Power company owed millions by bankrupt Revel Casino apply to have property status changed to Chapter 7 from Chapter 11 bankruptcy.

Monmouth Park broke ground last week on its new amphitheater.

Foxwoods will operate KG Urban Enterprises proposed casino in southeastern Massachusetts should the company secure a license.

Rivers Casino awarded “Casino with Best Variety of Restaurants” and “Best Overall Entertainment,” in Casino Player magazine’s first annual poll.

In a proxy filing with the U.S. SEC Friday, Wynn Resorts said it will reduce its Class I board members from three to two.

The head of the New York-based private equity fund is wagering $1.73 billion it can make The Cosmopolitan of Las Vegas a shining jewel on the Strip.

Racing will return to Suffolk Downs in new deal, pending legislative approval.

The city is ready to roll on building a new hotel at Batavia Downs Racetrack.

Improvements in the works include a second championship golf course, a full-service spa and renovations to the bingo hall and Island Bar.