Latest Casino operators News

Macau government extends MGM Resorts license to 2022

Mar. 15, 2019 2:36 PM EDT

LAS VEGAS (AP) — MGM Resorts International has been authorized to continue operating casinos in the Chinese gambling enclave of Macau. The company says the Macau government extended the gambling license of its China unit to June 2022. The casino giant will pay the government $24.7 million. Macau is the...

APNewsBreak: Vegas Sands-Macau dealmaker settle 15-year case

Mar. 14, 2019 7:52 PM EDT

LAS VEGAS (AP) — A settlement Thursday ended a 15-year breach-of-contract battle between Las Vegas Sands Corp. and a Hong Kong businessman who helped the U.S. company open its first casino in the Chinese gambling enclave of Macau. Richard Suen, his lawyers and attorneys for Sands said the agreement,...

Trial starts in Las Vegas Sands-Macau dealmaker damages case

Mar. 13, 2019 9:17 PM EDT

LAS VEGAS (AP) — An attorney for Las Vegas Sands Corp. says a Hong Kong businessman deserves a fraction of the $347 million he's seeking for breach-of-contract because he abandoned Sands to find other advice to open a Macau casino. Richard Suen's attorney, John O'Malley opened a third trial in the long...

The Latest: Vegas Sands lawyer puts breach damages at $3.76M

Mar. 13, 2019 7:48 PM EDT

LAS VEGAS (AP) — The Latest on a trial for a Nevada jury to decide how much Las Vegas Sands owes a Hong Kong businessman for helping the U.S. casino company open its first resort in Macau in 2004 (all times local): 4:45 p.m. An attorney for Las Vegas Sands Corp. says a Hong Kong businessman deserves a...

Nearly $2 billion in New Jersey sport bets in 9 months

Mar. 13, 2019 4:02 PM EDT

ATLANTIC CITY, N.J. (AP) — Nearly $2 billion has been wagered on sporting events in New Jersey in the nine months since such betting became legal last year. New Jersey gamblers plunked down more than $320 million on sporting events in February, led by action on the day of the Feb. 3 Super Bowl and the two...

Ponca Tribe fighting 2 states and a city to keep new casino

Mar. 3, 2019 3:50 PM EST

CARTER LAKE, Iowa (AP) — Some 150 years after suffering the loss of its homeland at the hands of the U.S. government, the Ponca Tribe of Nebraska is celebrating a triumph with the opening of a casino intended to secure a stream of revenue for the long-struggling tribe. The only thing standing in its way?...

Legalized sports betting unlikely in 3 largest US states

Mar. 2, 2019 4:43 PM EST

Over the past decade, teams from California, Florida or Texas have competed in more than half the championship series in the four major professional sports — including every NBA final. That may be no surprise, considering the three states account for 27 percent of all franchises in those leagues. The sheer...

Las Vegas Sands said in 'good hands' as CEO battles cancer

Mar. 1, 2019 7:56 PM EST

LAS VEGAS (AP) — Casino magnate and major GOP donor Sheldon Adelson is battling cancer, but industry analysts and his Las Vegas Sands Corp. on Friday said the gambling empire he founded and helms has the personnel to guide it through the health crisis. Their comments came a day after the company revealed...

Trustee: Ocean Resort Casino improving finances, performance

Feb. 28, 2019 11:58 AM EST

ATLANTIC CITY, N.J. (AP) — The man overseeing Atlantic City's Ocean Resort Casino until new owners take over says the property is re-stocked with cash and is already starting to turn around its performance. In his first interview since being appointed as the divestiture trustee for the struggling property,...

Wynn Resorts fined $20 million over sex allegations

Feb. 26, 2019 7:03 PM EST

LAS VEGAS (AP) — Casino mogul Steve Wynn's former company was fined a record $20 million by Nevada gambling regulators on Tuesday for failing to investigate claims of sexual misconduct made against him before he resigned a year ago. The penalty against Wynn Resorts Ltd. ends an investigation that began...