Union Gaming Group News

Scientific Games-Bally deal gets federal antitrust OK
21 Aug 2014

In a joint statement, the companies said they received notice from the Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

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Strip land values react to deal for Frontier site
18 Aug 2014

James Packer is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.

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Scientific Games to buy Bally in $5.1 billion deal
4 Aug 2014

The transaction is the second high-profile gaming industry merger in less than a month.

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Billionaire Packer linked to key Strip parcel
1 Aug 2014

Bloomberg News Service reported Thursday that Australian billionaire James Packer had acquired a portion of the loan covering the 34.5-acre site and would consider building a hotel-casino on the land.

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Strip’s gaming revenue robust while regional markets struggle
28 Jul 2014

Moody’s Investors Service recently downgraded its view of the U.S. gaming market from “stable” to “negative,” putting all the blame on regional gaming destinations where weak results have investors sweating.

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Coming down: MGM begins dismantling Harmon Hotel
23 Jun 2014

MGM Resorts International has begun the yearlong process of demolishing the only portion of the $8.5 billion, 67-acre CityCenter development that was never completed.

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Cosmopolitan of Las Vegas sold to Blackstone Group for $1.73 billion
16 May 2014

The deal is subject to approval of Nevada gaming regulators.

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Caesars sees quarterly net loss increase 78 percent
9 May 2014

Caesars Entertainment Corp. grew its net loss nearly 78 percent in the first quarter of 2014.

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Macau casinos again top $4 billion in monthly gaming revenues
4 Apr 2014

Macau’s gaming market grew revenue 13.1 percent during March with $4.4 billion collected in gaming revenue, according to figures released Tuesday by the Gaming Inspection and Coordination Bureau.

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As megaresort trend fades, companies focus on luxury in 'small' settings
2 Apr 2014

By the end of the year, Las Vegas will have about a half-dozen hotel-casinos that operators classify as “boutique,” “luxury” or “lifestyle” in their marketing efforts.

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Revenue from Macau casinos enriches industry billionaire
19 Mar 2014

It makes sense that the region — the only location in China with casinos — is creating more gaming industry billionaires than Las Vegas.

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Inside Gaming: Lots of raving, but little revenue
24 Feb 2014

Legal online wagering has not been the financial windfall many analysts predicted.

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Macau casinos report 7 percent increase in January, collect $3.6 billion
6 Feb 2014

The Macau casino market ended 11 straight months of double-digit gaming revenue increases in January and recorded its lowest single-month growth rate since October 2012.

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Casinos in Japan? Bet your last yen on it
27 Jan 2014

Analysts and gaming leaders consider it a foregone conclusion that Japan, after years of toying with legalizing casinos, will finally approve a gaming bill this spring.

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Macau casinos produce record-breaking $4.6 billion in October
4 Nov 2013

The Macau Gaming Inspection and Coordination Bureau said Friday the results were a 31.7 percent increase over the October 2012 total.

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