Union Gaming Group News

SkyVue wheel developer aims to profit despite project not getting off the ground
1 Dec 2015

Las Vegas developer Howard Bulloch envisioned spending $300 million to build a 500-foot-tall wheel with 140,000 square feet of retail, dining and entertainment. SkyVue's foundation was poured in March 2012, and two 247-foot-tall pillars were built soon after.

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Inside Gaming: Macau adding casinos despite prolonged revenue slide
29 Nov 2015

Casino operators have budgeted almost $27 billion on new developments in Macau, despite the fact that Macau gaming regulators are expected to announce this week that November was the region's 18th straight month of revenue declines.

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Station Casinos looking to sell Strip land parcel for $40 million
4 Nov 2015

The casino operator is trying to sell 57 acres of undeveloped land.

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Penn National planning better dining options for Tropicana
19 Oct 2015

While the historic resort's hotel rooms and suites are in "excellent shape," Penn National Gaming CEO Tim Wilmott says the casino's four restaurants are not meeting expectations.

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Inside Gaming: Pinnacle, GLPI deal could be a model for the industry
3 Aug 2015

Analysts say the deal, which sees Pinnacle leasing its real estate assets from the REIT, financially benefits both companies.

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U.S. tribal casinos see fifth straight year of revenue increases
27 Jul 2015

In fiscal year 2014, U.S. tribal casinos brought in more than $28.5 billion.

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Inside Gaming: Greek lottery rules changes cost IGT, Scientific Games millions
8 Jul 2015

The Hellenic Gaming Commission announced regulatory changes just days before 16,500 new video lottery terminals were supposed to launch.

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Macau experiences 12th straight month of gaming revenue decline
2 Jun 2015

Casino operators worry that the Macau government's plans to implement a smoking ban could further erode the market.

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Failed Las Vegas resort is finally ready for its close-up
18 May 2015

With backing from megastar George Clooney, Las Ramblas was supposed to be an 11-tower set with gambling, condominium and hotel space on a 25-acre stage. But it turned out to be a complete flop.

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Union Gaming Group establishes office in Hong Kong
11 May 2015

Union Gaming Managing Director Rich Moriarty said the focus for the gaming industry expansion over "the next 20 years belongs to Asia."

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Macau gaming revenues fall a record 49 percent in February
9 Mar 2015

Casinos collected $2.44 billion from gamblers during the month, a drop of 49 percent. A year ago, Macau casinos collected a single-month industry high of $4.8 billion.

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Feb. decline marks Macau's worst gaming revenue month since 2011
9 Mar 2015

Despite what is normally a lucrative time period, the annual Chinese New Year, the region reported an overall gaming revenue total of $2.44 billion.

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Inside Gaming: Real estate investment trust concept could happen for MGM Resorts
9 Mar 2015

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

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Gaming revenue shifts trend, rises 7.75 percent in Nevada, 15.4 percent on Las Vegas Strip
2 Mar 2015

The January results ended five straight declining months of gaming revenue on the Strip.

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A revived locals market could push Station Casinos to IPO
25 Feb 2015

During the Station Casinos’ fourth-quarter earnings conference call a week ago, an analyst asked if the privately held casino company would be publicly traded once again.

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