Banking News

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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Land-based casinos focus on federal legislation
4 May 2011

Despite the recent crackdown on PokerStars, Full Tilt Poker and Absolute Poker, the casino industry still seeks federal legislation that would allow Las Vegas companies to operate legally online.

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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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Las Vegas to host iGaming North America
23 Feb 2011

The inaugural iGaming North America conference will be held May 2-4 at the Monte Carlo Casino & Resort in 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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California tribes, Wells Fargo form $25 million private equity fund
26 Feb 2008

Wells Fargo Community Development Corporation, the Colusa Indian Tribe and the Rincon Indian Tribe have formed First Nations Capital Partners, LLC, a specialized $25 million private equity fund.

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Exec returns to Innovation Group
12 Jul 2007

The Innovation Group is proud to announce the return of Michael J. Soll as executive vice president.

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