Banking News


Fertittas get majority ownership of Station Casinos
8 Feb 2012
Station Casinos minority owners Frank Fertitta III and Lorenzo Fertitta plan to buy out another shareholder for $73 million.
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Macau gaming revenues shatter last year's record
2 Dec 2011
Macau's 34 casino collected more than $30.5 billion in gaming revenues in 2011, surpassing last year's $23.5 billion mark during the third quarter.
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Massachusetts gambling bill takes major step forward
14 Oct 2011
The Massachusetts State Senate has approved a gaming bill that could lead to three Las Vegas-style casinos in the Bay State.
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G2E panel says tribal casinos have thrived
7 Oct 2011
Tribal casinos now offer full-service, hotel-casino destinations that generate millions of dollars annually, but reaction is mixed on whether the market is saturated.
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Pinnacle to add hotel to St. Louis casino
13 Sep 2011
Pinnacle Entertainment will spend $82 million on a 200-room hotel tower, an event center and covered parking to its River City Casino.
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Massachusetts inches towards full-scale casino gaming
24 Aug 2011
The Boston Globe has reported that Gov. Deval Patrick and leaders of the state’s House and Senate reached a tentative agreement to expand gaming in the state.
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MGM Resorts will gain majority ownership of MGM Grand Macau
13 Apr 2011
The change in ownership will occur once MGM Resorts' initial public offering is listed on the Hong Kong Stock Exchange.
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Macau sees historic March with $2.5 billion in revenue
1 Apr 2011
Macau casinos shatters its monthly gaming revenue records during March, collecting the equivalent of $2.5 billion from gamblers.
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Sands shares drop after probe is revealed
2 Mar 2011
Las Vegas Sands saw its stock drop more than six percent after it was revealed the U.S. Securities and Exchange Commission and the Department of Justice have opened investigations.
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Middle East turmoil could ripple through Vegas
28 Feb 2011
Analysts fear Middle Eastern oil shortages would increase the cost of traveling to Las Vegas.
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Illinois lawmakers kill gaming expansion
14 Jan 2011
Lawmakers rejected a bill that would have permitted five new casinos and allowed for slot machines at racetracks and area airports.
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Nevada gaming revenues drop six percent in November
12 Jan 2011
Analysts say the dip in revenues is due to declines in volume, revenue and hold percentage for baccarat.
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Ameristar Casinos cancels sales plans
14 Dec 2010
Ameristar Casinos said in a statement that "a sale is not in the best interests of the Company and its stockholders at this time."
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Vegas New Year's room rates are flat
8 Dec 2010
Online booking service Travelocity recorded flat rates averaging $121 a night for the holiday period between Dec. 17 and Jan. 3 in Las Vegas.
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Budget raised for Louisiana casino
29 Sep 2010
Pinnacle Entertainment has increased the construction budget of a riverboat gaming development in Baton Rouge by more than $100 million.
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