International Game Technology (IGT) reported fiscal first-quarter earnings of $35 million. On a per-share basis, the Las Vegas-based company said it had net income of 14 cents. Earnings, adjusted for one-time gains and costs, were 19 cents per share.
To paraphrase the old song, “Come along and listen to, the lullaby of Broadway,” might be the tune being whistled by officials of Galaxy Entertainment Group Ltd. who have announced they plan to spend about $7.5 billion more to expand in Macau.
Looking to combine the political forces of both the horse racing industry and the tribal casinos, a California Democrat, Assemblyman Reginald Jones-Sawyer, last week filed a second draft bill to legalize Internet poker in California.
The battle lines were drawn Monday as a two-day trial began in Wilmington, Delaware, to determine whether the bankruptcy case involving Caesars Entertainment Corp. (CZR) would be held in Chicago, Illinois, or Wilmington.
New Orleans may lose its reputation as being a “famously libertine city,” now that the City Council has voted to ban smoking in bars and gambling halls even as the owners of those establishments said such a move would hurt businesses.
Florida Gov. Rick Scott recently met with the top executives of seven of South Florida gaming enterprises. Officials representing Isle of Capri, Dania, Mardi Gras, Calder, Magic City, Miami Jai Alai and Hialeah reportedly attended the meeting.
A taxpayer bailout for the three struggling gaming facilities in Delaware that would involve some $45 million annually received a lukewarm endorsement from a state study commission last week.
In an attempt to shore up the problems facing the gambling community of Atlantic City, New Jersey Gov. Chris Christie is expected to announce he is hiring corporate restructuring Atty. Kevin Lavin to handle the city’s finances and daily operations.
Wagering on some Olympic activities looks like a certainty. There’s little doubt following last week’s public discussion that showed widespread support for the regulation updates requested by Michael Gaughan’s South Point casino.
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