Carson City, Nevada - A USD 17.7 billion purchase of casino giant Harrah's Entertainment Inc. by private equity buyers Apollo Management and Texas Pacific Group - the world's largest casino buyout deal - won preliminary approval Wednesday from Nevada regulators. The state Gaming Control Board's unanimous vote for the deal, already approved by Harrah's shareholders and by several other states in which Harrah's Entertainment operates...
In what several observers state is another step forward to the legalisation of online gambling by American officials, the Nevada Gaming Control Board is soon to release a study it commissioned through the University of Nevada Las Vegas (UNLV) earlier this year into the pastime. According to reports in the Las Vegas Sun, the objective of the study is to quantify how many Nevadans gamble online and measure attitudes toward legal Internet gambling.
Nevada’s casino reported USD 1.06 billion in win revenues for September, a rise of 7.5 per cent against the same period next year according to the state’s Gaming Control Board. Resorts form the Las Vegas Strip was up nearly seven per cent, while downtown Las Vegas casinos showed a rise of 12.5 per cent. Control Board analyst Frank Streshley said that tax from the state’s clubs amounted to USD 257.2 million for this fiscal year after taking into account September, adding that overall, it had been a good month.
A slowdown in the locals-casino market and lack of major events in Las Vegas contributed to a decline in Nevada casino winnings in August, gaming experts said Wednesday. Nevada casinos and resorts suffered 4.4 percent gaming win decline, compared to August of 2006, according to the state Gaming Control Board. It marked the first decline in Nevada's gaming win in five months, the Control Board said. "What shows in these numbers are pretty poor performances on a statewide basis," said Bill Eadington.
A complex USD 8.9 billion stock buyout-debt assumption of Station Casinos by members of its founding Las Vegas family and real estate investment firm Colony Capital was endorsed Thursday by the Nevada Gaming Control Board. Under the takeover deal, brothers Frank Fertitta III and Lorenzo Fertitta, top executives of Station Casinos Inc. are joining with California-based Colony to form Fertitta Colony Partners, which will take over Station's 12 casinos in the Las Vegas area and other interests.
The Nevada Gaming Commission on Thursday unanimously rejected a concept of allowing casino customers to use their debit cards to buy ticket in-ticket out vouchers that can be gambled on slot machines. The proposal, which had been requested through a partnership between Global Cash Access and slot machine giant International Game Technology, was denied by commissioners for several reasons. The most prominent concern by the five-member panel was they didn't see the need for that particular system to be established.
Nevada - Casinos statewide etched out another record month in April, winning USD 1.053 billion from gamblers despite a months-long softening in the slot market. In 2006, April win smashed state records with a double digit increase. This April, the win topped that by 6.39 percent. Even downtown, a consistent loser throughout 2007, posted an 8 percent increase in win.
James Packer's Publishing and Broadcasting Ltd is poised to apply for a gaming licence in the US state of Nevada, an essential precursor to the opening of his flagship Crown casino in Las Vegas in four years. On Thursday the company announced it had bought a stake in a Las Vegas venture that has building approval for the world's second-tallest tower.
Max Baer Jr., who as Jethro in the 1960s sitcom "The Beverly Hillbillies" lived off his uncle Jed's oil riches, is hoping to strike it rich in the gambling market. Baer purchased a 2.5-acre parcel last week for a planned casino in north Douglas County for USD 1.2 million. The deal followed his recent sale of the old Wal-Mart building in nearby Carson City for USD 8.5 million.
Carson City, Nevada (AP) - Strong baccarat play helped to push the February win for Nevada casinos to USD 1.06 billion in February for a 2.9 percent gain over the same month a year ago, the state Gaming Control Board reported Tuesday. The baccarat action, up 47.4 percent, was the big factor in a gain of 11.4 percent in all live games combined.
Mit dem Fahrzeug ungefähr 10 Minuten in westlicher Richtung gelegen, befindet sich das Fort Mojave Indian Reservation, ein Indianer-Reservat ganz besonderer Art. Hier wurde vor knapp 10 Jahren ein Casino errichtet, welches einem Phänomen gleich kommt. Was zunächst ein kleines Casino mit unsicheren Zukunftsperspektiven angesehen wurde, ist heute eines der führenden Casinos der Gegend, mit einer Zuwachsrate, von der andere Casinos nur träumen können.
