Casinos and Off-Track Betting Facilities
Las Vegas Sands to pay off $1 billion in debt
Aug 18, 2010 16:42 EDT
Las Vegas Sands to pay off $1 billion in debt through amendment of credit facility. Las Vegas Sands said Wednesday it plans to pay off more than $1 billion in outstanding debt because of its previously announced amendment to a credit facility.
CORRECTIONS
Aug 16, 2010 20:00 EDT
A story in Sunday's edition misstated which past presidential candidate waged a "front porch campaign." It was William McKinley, not Grover Cleveland, who successfully used the technique of staying at home to defeat William Jennings Bryan in 1896.
Why causing big debt has not cost Fertittas control
Aug 15, 2010 20:00 EDT
The Fertitta family may well end up running the Station Casinos empire it founded, even after putting more than $6 billion in debt onto the company in 2007 as the economy worsened and sending it into bankruptcy.
Cosmopolitan Las Vegas could push hotel rates down
Aug 13, 2010 14:33 EDT
LOS ANGELES (Reuters) - Casino hotels on the Las Vegas Strip, already struggling to attract customers without further discounting, will face new pressure with the December opening of 2,000 hotel rooms at the $3.9 billion Cosmopolitan of Las Vegas.
Some Harrah's shares to be traded publicly
Aug 12, 2010 19:09 EDT
A 9.9 pct stake in casino operator Harrah's Entertainment owned by Paulson to trade publicly. Casino operator Harrah's Entertainment Inc. filed papers with federal regulators on Thursday to publicly trade a nearly 10 percent stake that's now owned by the New York-based hedge fund run by billionaire John Paulson.
Harrah's to manage Ohio casinos in proposed deal
Aug 12, 2010 16:44 EDT
Harrah's Entertainment Inc. to manage 2 Ohio casinos in proposed venture with Rock Gaming LLC. Las Vegas-based Harrah's Entertainment Inc. has signed an initial agreement with a company headed by Cleveland Cavaliers owner Dan Gilbert to develop and operate casinos in Cincinnati and Cleveland.
Pa. man who killed NJ casino boss gets 30 years
Aug 11, 2010 13:09 EDT
Pa. man who killed Atlantic City casino supervisor gets 30-year sentence with no parole. A Pennsylvania man who admitted gunning down a New Jersey casino supervisor last year has been sentenced to 30 years in state prison without parole.
States embrace sputtering casinos to plug gaps
Aug 11, 2010 11:52 EDT
MIAMI (Reuters) - State governments eager for paydays in hard times are doubling down on gambling even though America's casino industry is still sliding from a peak reached three years ago.
Atlantic City casinos see 5 pct July revenue drop
Aug 10, 2010 15:52 EDT
Atlantic City casino revenues drop by 5 percent in July as Pa. introduces table games. Atlantic City casino revenues dropped again in July as competition heated up from the introduction of table games in Pennsylvania and after a weekend air conditioning failure hurt results at two properties.
American Gaming spends $360,605 on 2Q lobbying
Aug 10, 2010 12:10 EDT
American Gaming Association spends $360,605 on lobbying efforts in the second quarter. The American Gaming Association spent more than $360,000 in the second quarter lobbying federal officials about Internet poker and other forms of gambling, among other matters, according to a recent disclosure report.
Correction: Casino saturation story
Aug 09, 2010 16:12 EDT
Correction: Casino saturation story. In a story Aug. 8 about the growing number of existing and proposed casinos and other gaming halls in the Northeast, The Associated Press incorrectly described two gaming facilities in Rhode Island. They are video slot parlors, not racetrack casinos.
Cash-hungry states add casinos, lure same gamblers
Aug 08, 2010 19:38 EDT
Too many casinos too close together? Cash-starved Northeastern states saturate gambling market. Cash-starved states are increasingly being drawn to the lure of easy money in casinos ? a bet that could ultimately hurt taxpayers if the supply of slot machines, poker tables and racetracks outpaces customers' demand.
Gagnon wins Maloof Money Cup
Aug 08, 2010 00:25 EDT
Gagnon wins Maloof Money Cup vert title for 2nd time in 3 years. Pierre-Luc Gagnon has won the Maloof Money Cup vert skateboarding title for the second time in three years.
AP source: Kansas to get 2nd NASCAR race
Aug 06, 2010 18:57 EDT
Person familiar with NASCAR schedule tells AP that Kansas Speedway will get 2nd race in 2011. A person familiar with the 2011 NASCAR schedule said Friday that Kansas Speedway will get a second race next year.
Lenders, majority owners win Station Casinos
Aug 06, 2010 16:00 EDT
Lenders, Station Casino founders Fertitta brothers win uncontested bankruptcy auction for co.. Station Casinos founders Frank Fertitta III and Lorenzo Fertitta on Friday won formal approval from a federal bankruptcy judge in Reno to keep ownership of most of their company.
IRS SEEKS FAST TIPS ON BIG CASH DEALS
Aug 04, 2010 20:00 EDT
Large transactions could signal ill-gotten gains, agents tell floor workers . Several months ago, the Internal Revenue Service agents who investigate financial crimes in Las Vegas began calling big casinos to set up meetings with their employees.
Harrah's Entertainment loses $274M in 2nd quarter
Aug 04, 2010 16:12 EDT
Harrah's Entertainment loses $274M in 2nd quarter as players gamble less and revenues slip. Casino operator Harrah's Entertainment Inc. said Wednesday it lost $274 million during the second quarter as customers gambled less at its casinos in New Jersey, Louisiana, Mississippi and elsewhere.
Casino operator MGM Resorts loses $883.5M in 2Q
Aug 03, 2010 18:40 EDT
MGM Resorts' 2Q loss grows to $883.5M; casino company drops to No. 3 among world's largest. Casino operator MGM Resorts International lost its standing as the world's second-largest gambling company Tuesday, when it reported lower second-quarter revenue lower than Las Vegas Sands Corp.
Casino operator Boyd's 2nd-qtr earnings plunge
Aug 03, 2010 14:13 EDT
Casino operator Boyd Gaming's net income falls 73 percent as Americans hold on to cash. Casino operator Boyd Gaming Corp. said Tuesday that its second-quarter net income plunged 73 percent as Americans continued to hold onto extra cash in an uncertain economy.
