Gambling Industries

Hundreds of participants in the two-day Montreal International Game Summit that opens Monday in Quebec's big city will be looking for ways to better milk the gaming market cow, in the face of Apple's golden example.

Hundreds of participants in the two-day Montreal International Game Summit that opens Monday in Quebec's big city will be looking for ways to better milk the gaming market cow, in the face of Apple's golden example.

Ticket sold at Detroit-area store is sole winner of $128.6 million Powerball jackpot. A lottery ticket purchased at a Detroit-area store is the sole winner of the nearly $129 million Powerball jackpot.

The quick answer: Maybe. Las Vegas resorts report hopeful signs and economists are optimistic, but consumers still cautious about spending. . By some measures, the recession-battered Strip has made the turn and is on the road to recovery. Room rates, convention bookings, gambling revenue and visitor traffic have all improved. But don't release the confetti quite yet. Some economists and analysts say small, year-over-year improvements don't define a recovery, especially one large enough to benefit its most-leveraged companies. "Things don't seem to be getting worse, but they haven't really been getting better, either," said Joe Fath, a T. Rowe Price portfolio manager who specializes in gaming, travel and tourism. "There's a difference between (a few positive indicators) that are pushing stocks up and real recovery," he said. "If I had to bet on it, I'd say things will slowly get better, but at a very moderate pace." Many Wall Street analysts are equally guarded despite some positive ind

Harrah's Entertainment starting initial public offering of 31.3M shares, going public again. Harrah's Entertainment Inc., the world's biggest casino operator, is starting an initial public offering of about 31.3 million shares.

MGM Resorts International reports smaller 3Q loss, continues to write down CityCenter's value. Casino operator MGM Resorts International said it lost less money in its third quarter than a year earlier, and its shares soared following upbeat comments by company executives Wednesday.

MGM's land sale under Borgata in Atlantic City will close on Thursday. MGM Resorts International says the $73 million sale of its land under Atlantic City's Borgata Hotel Casino & Spa will close Thursday.

Wynn Resorts records 3rd-qtr loss paying down debt, even as revenue soars 23 pct to $1 billion. Casino-resort operator Wynn Resorts Ltd.'s third-quarter revenue soared to $1 billion, including a nearly 50 percent increase at Wynn Macau, the company said Tuesday. But it recorded a loss including $64.2 million in costs for reducing its debt.

The latest figures are a 50 percent year-on-year increase as the southern Chinese territory saw a surge of visitors during the National Day holiday period in at the start of the month.

Supreme Court won't hear Texas game company's appeal of Nintendo patent case. The Supreme Court won't reinstate a $21 million judgment against Nintendo of America Inc., turning away a claim of patent infringement from a Texas gaming company.

Supreme Court won't hear Texas game company's appeal of Nintendo patent case. The Supreme Court won't reinstate a $21 million judgment against Nintendo of America Inc., turning away a claim of patent infringement from a Texas gaming company.

More than two years ago, UNLV professor and casino consultant Jeff Voyles had an "aha" moment while leafing through more than a dozen casino industry trade publications that have sprouted in the past decade."It just didn't make sense, going through all this stuff," he said. "If I took all this content and put it in a 24-hour news format, I could coordinate a less fragmented delivery of this information."

Fewer Atlantic City casino-goers but they're upping the ante for hotels, drinks, food. Finally, some good news after four years of slumping revenues: Even though fewer people are coming to the nation's second-largest gambling resort, they're spending more cash on things that don't involve gambling.

Pinnacle Entertainment says it won't sell its Atlantic City Boardwalk land dirt-cheap. Pinnacle Entertainment Inc., whose plans for a mega-casino resort on the Atlantic City Boardwalk shriveled and died when the economy crashed, says it won't sell its land here dirt-cheap.

Nevada's largest casino company recently bid farewell to its corporate name of a decade and adopted a highfalutin new one: MGM Resorts International. Soon, two other Strip giants may do likewise. It's as if some fabled casinos are suddenly in a hurry to shed their skins.Or maybe there's some stigma about being Las Vegas, with the unemployment and foreclosures and all.

Report: Don't bet on

Summary Box: Casino operator Las Vegas Sands reports record revenue of $1.9 billion. RECORD REVENUE: Casino operator Las Vegas Sands Corp. said Wednesday that it took in $1.91 billion in revenue worldwide, more than half in China and just 15 percent in Las Vegas.

Casino operator Las Vegas Sands reports earning $168 million on record revenue of $1.9 billion. Casino operator Las Vegas Sands Corp. said Wednesday it earned $168 million during the third quarter on a record $1.91 billion in revenue, with help from strong business in China and a new casino in Singapore.

APNewsBreak: New CEO of Trump Entertainment Resorts says co. may expand outside Atlantic City. The new incoming boss of Trump Entertainment Resorts says the company is looking beyond Atlantic City as it charts its future after emerging from bankruptcy for the third time.

NJ regulators expected to approve new CEO for 3 Trump Entertainment Resorts casinos. The head of a West Virginia casino company is expected to get preliminary authorization to run the three Trump casinos in Atlantic City.