Tag / Land Based Gaming and Casinos

Sheldon Adelson’s Sands Pays $7 Million Over “Corrupt Practices”

Billionaire Sheldon Adelson’s casino company is paying almost $7 million to U.S. authorities to end a more than five-year corrupt practices investigation of the firm’s former relationship with a consultant in Macao and China, company and federal officials said Thursday. With the agreement, Las Vegas Sands Corp. resolved twin probes of more than $60 million…

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Back In Black: Nevada Casinos Turn a Profit

Nevada casinos posted profits in fiscal 2016, the first time the industry has been in positive territory since before the Great Recession. This week, the Nevada Gaming Control Board released their annual Nevada Gaming Abstract, which showed the 273 gaming venues that earned more than $1m in revenue in the 12 months ending June 30,…

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Atlantic City Posts Revenue Gain Thanks to Online Gambling

Atlantic City casinos posted their first annual gaming revenue gains in a decade, and the credit is primarily due to their online gambling operations. Figures released Thursday by the New Jersey Division of Gaming Enforcement show the state’s seven surviving casinos generated brick-and-mortar gaming revenue of $189.7m in December, a 6.8% gain over December 2015.…

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Skill Gaming Meets Gambling at MGM Grand in Las Vegas

Apparently, the border dividing casino gambling and video games lies somewhere between a nightclub and a sports book — at least that’s where Hakkasan Group will open a space named Level Up in MGM Grand later this month. Level Up — which Hakkasan describes as a social lounge — will sit between Hakkasan and the…

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