Administration and Finance News

Station Casinos gets sale approval
9 Aug 2010

A judge approved the sale of 11 casinos, land holdings and American Indian gaming contracts to a group backed by Fertitta Gaming for $772 million.

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Boyd Gaming sees second quarter profits plunge
4 Aug 2010

The Las Vegas-based casino operator announced its second-quarter profits fell 73 percent days after dropping out of bidding for Station Casinos properties.

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Massachusetts gambling bill in limbo
3 Aug 2010

The state's house and senate approved a bill over the weekend that would allow for three casinos and two slot machine parlors, but Gov. Deval Patrick does not support it.

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Is reversing Atlantic City's fate possible?
2 Aug 2010

New Jersey Gov. Chris Christie has proposed a number of reforms to revitalize Atlantic City, including a state takeover of its gaming and tourism district.

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Shares of gaming companies dive in July
2 Aug 2010

The average daily stock prices of 10 casino operators and slot machine manufacturers all tumbled during the month.

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Casino industry outlook still uncertain
30 Jul 2010

Moody's Investors Service said there is a "high degree of uncertainty" over how much gaming trends will improve through the end of the year.

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Global Cash Access gets gaming approval in Nevada
27 Jul 2010

Global Cash Access received approval from the Nevada Gaming Control Board to begin a product field trial of its new QuikTicket product.

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Borgata sees revenue, profit decline
27 Jul 2010

Boyd Gaming said the Borgata resort saw revenues and profits decline during the second quarter because of reduced visitation and competition from other states.

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Penn National not expected to bid on Station properties
26 Jul 2010

A Penn National executive said the casino operator is not expected to participate in an auction of 11 casinos currently controlled by Station Casinos.

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Economic reality hits Las Vegas casinos
26 Jul 2010

Las Vegas casino revenue declined six percent the first five months of 2010, which is on top of a 16.9 percent decline between 2007 and 2009.

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Analyst worries Senate campaign tone will hurt Vegas
21 Jul 2010

Deutsche Bank gaming analyst Andrew Zarnett said the toxic rhetoric of Nevada’s U.S. Senate campaign could harm local casinos.

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Lawsuit filed to prevent rentals at Vegas complex
20 Jul 2010

A lawsuit was filed in Clark County District Court on behalf of 220 individuals who want to prevent the Cosmopolitan of Las Vegas from renting their units to hotel guests when it opens in December.

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Penn National terminates agreement on Ohio casinos
19 Jul 2010

Penn National Gaming has terminated option agreements with rival Lakes Entertainment concerning two casino sites in Ohio.

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Global Cash Access looking to upgrade casino ATMs
15 Jul 2010

Global Cash Access is asking gaming regulators to allow it to upgrade its ATMs so customers can get cash or ticket in-ticket out vouchers that could be used on slot machines.

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Penn National gets gaming license approval
18 Jun 2010

The Nevada Gambling Commission granted Penn National a gaming license Thursday, which clears the way for the casino company to acquire a Las Vegas property.

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