Finance & Accounting News

Gaming revenues top $2.6 billion in Macau
3 May 2011

Casinos in the Chinese gaming enclave collected $2.6 billion in April from gamblers, a 44.6 percent increase compared to April 2010.

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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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Revenues up at Wynn Resorts
7 Apr 2011

Las Vegas revenues for the first quarter were estimated at $349.7 million, up from $331.8 million.

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Don't bet on Texas gambling expansion
4 Apr 2011

Lawmakers in Texas are considering 17 gaming proposals, everything from building eight Las Vegas-style hotel-casinos to adding slot machines at racetracks. But expect gaming expansion to fail in the Lone Star State again.

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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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The Cosmopolitan of Las Vegas reports $139.5 million loss
31 Mar 2011

Nevada Property 1 LLC reported a $139.5 million loss for the 17 days the hotel-casino was open last year.

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Pinnacle CFO announces resignation Friday
4 Mar 2011

Pinnacle CFO Stephen Capp will remain at his current position until the end of the month.

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Casino City Press releases Indian Gaming Report
3 Mar 2011

The report provides nationwide statistics and state-by-state statistics from 2009, which was the first time revenues at Indian gaming facilities declined in its recorded history.

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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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Adelson envisions a "mini Las Vegas Strip" in Spain
18 Feb 2011

Las Vegas Sands Chairman Sheldon Adelson said Thursday he wants to create a $20 billion "mini Las Vegas Strip" in either Madrid or Barcelona.

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Success in Singapore leads operators to look towards Asia
14 Feb 2011

Other Asian markets may be looking to copy the Singapore model after the island country has seen great success with two new hotel-casinos.

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Union Gaming Group opens Macau office
11 Feb 2011

The Las Vegas-based firm, which publishes equity research and analysis on the casino industry, has opened a subsidiary on the Macau peninsula.

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Las Vegas Sands cuts comps for middle-tier gamblers
7 Feb 2011

Las Vegas Sands has eliminated free hotel rooms and other complimentary offerings for middle-tier customers at The Venetian and Palazzo.

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