Administration and Finance News

Penn National buys M Resort for $230.5 million
8 Oct 2010

Regional casino operator Penn National Gaming has acquired the 19-month-old M Resort for $230.5 million

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Nevada gaming revenues jump 11.5 percent in August
8 Oct 2010

Nevada casinos collected $944.5 million from customers in August compared with almost $847 million in the same month last year.

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Gaming stocks see gains in September
4 Oct 2010

Eight of 10 publicly traded casino operators and slot machine manufacturers experienced increases in their average daily stock prices.

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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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Penn National buys 50 percent stake in Texas racetrack operation
24 Sep 2010

Penn National Gaming is forming a joint venture partnership with Texas racetrack operator Sam Houston Park.

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Analysts see little optimism for gaming industry
14 Sep 2010

Wall Street analysts say the struggles of the Nevada casino industry could last well into 2011.

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Slot makers gloomy before G2E
13 Sep 2010

Nevada slot machine sales didn't turn into the revenue-boosting bonanza state gaming equipment manufacturers anticipated going into the year.

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Casino operators try to beat the burden
7 Sep 2010

Major casino operators like MGM Resorts International, Las Vegas Sands and Harrah'S Entertainment have avoided bankruptcy, but still must deal with debt.

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Global, non-Vegas casino operators lift August index
3 Sep 2010

Companies with large casino holdings outside of the United States and regional gaming operators were the darlings of the investment community in August.

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Creditors support Station Casinos' reorganization plan
27 Aug 2010

Nearly 90 percent of the company's secured and unsecured creditors for its two-pronged plan of reorganization.

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Global Payments reach deal with six casinos
27 Aug 2010

Global Payments has reached agreements with casinos in California, Washington and Idaho to provide its VIP LightSpeed cash access products.

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Cosmopolitan to be part of Marriott's luxury hotels
27 Aug 2010

Cosmopolitan of Las Vegas announced a deal with Marriott International to market the $3.9 billion hotel-casino as part of the international lodging chain's Autograph Collection.

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McCarran passenger count declines yet again
24 Aug 2010

Passenger counts at McCarran International Airport in Las Vegas declined for the sixth straight month in July

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Nevada resort might face sale
17 Aug 2010

The M Resort might be up for sale after the bank controlling $700 million of the hotel-casino's debt put its stake up for a private auction sale.

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Station, Boyd feud is real and compelling
16 Aug 2010

The feud between Las Vegas companies Station Casinos and Boyd Gaming has intensified after Boyd attempted to insert itself in Station Casinos' bankruptcy.

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