Administration and Finance News

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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KPMG to host iGaming conference
4 Oct 2011

The second KPMG eGaming Summit on the Isle of Man will be held on Nov. 22 at the Mount Murray Hotel.

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California casinos see revenue decline
27 Sep 2011

The ills affecting Las Vegas' locals gaming market, including high unemployment and a horrible housing crisis, are having the same effect on California's Indian gaming community.

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Caesars Entertainment bidding on Maryland casino
27 Sep 2011

An investment group led by Caesars Entertainment appears to be the frontrunner for a gaming license to operate a slot machine casino in downtown Baltimore.

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Boyd Gaming receives regulatory approval to acquire IP Biloxi
23 Sep 2011

Mississippi Gaming Commission approves Boyd Gaming's proposed acquisition of the IP Casino Resort Spa in Biloxi, Mississippi.

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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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Macau casino revenues top $3 billion in August
2 Sep 2011

Macau's 34 casinos shattered single-month gaming revenue figures in August, collecting $3.09 billion from gamblers.

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Hurricane Irene hits Atlantic City's balance sheets
30 Aug 2011

Atlantic City's 11 hotel-casinos escaped major physical damage from Hurricane Irene, but one executive said the lost weekend cost the industry $40 million to $45 million in gaming revenues.

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Penn National Gaming names new general managers for Boomtown Biloxi and Argosy Casino Sioux City
24 Aug 2011

Penn National Gaming announces management changes at two of its properties.

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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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Cosmopolitian reports $54 million loss
16 Aug 2011

The Cosmopolitan of Las Vegas posted a $54.3 million second-quarter loss as the resort continues to change its casino operations to increase gaming revenues.

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Macau gaming revenues hit $3 billion mark
2 Aug 2011

Casino authorities in Macau said Monday that gaming revenues grew 48.4 percent in July, hitting the $3 billion mark for just the second time.

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Boyd Gaming reports second-quarter results
27 Jul 2011

Boyd Gaming Corporation report loss for Q2 caused in part by Mississippi river flooding.

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MGM Resorts wants more time to sell Borgata stake
25 Jul 2011

MGM Resorts wants to have 48 months to sell its 50 percent stake in the Borgata Hotel Casino and Spa in Atlantic City.

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M Resort sees jump in earnings
22 Jul 2011

Penn National Gaming said the M Resort generated $5.6 million in cash flow for the quarter, which is 24 percent higher than the same quarter a year ago.

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