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Travel Casinos and Gaming

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  • BOSTON— A federal judge heard arguments Wednesday over allegations that private investigators working for Wynn Resorts gained unauthorized access to files in a joint state and federal criminal probe that now figures into Massachusetts's biggest casino project. U.S. District Court Magistrate Marianne Bowler took the arguments under advisement and is...

  • Cost-cutting, gambling rise boost Mohegan Sun 3Q profit Wednesday, 29 Jul 2015 | 11:16 AM ET

    UNCASVILLE, Conn.— A spike in slot machine and table game use and cost-cutting helped significantly boost third-quarter profit at the Mohegan Sun casinos in Connecticut and Pennsylvania, the parent company reported Wednesday. Slot machine revenue of $142.2 million at the Mohegan Sun in Connecticut was up about 3 percent from the third quarter of 2014. Table...

  • Casino high rollers: Tales of abuse, rule-bending Tuesday, 28 Jul 2015 | 12:50 PM ET
    Patrons play craps at a table at Mohegan Sun in Uncasville, Conn. (file photo).

    Some casino dealers take extreme measures, like tolerating abuse and bending the rules, to satisfy and retain high rollers.

  • LAS VEGAS— Baccarat, the card game that can be a windfall or whiplash for Las Vegas casinos, was the latter in June. Nevada's casinos earned nearly $831 million of what was gambled last month, a drop of about 8 percent from a year earlier, according to data released Tuesday by the Nevada Gaming Control Board. "The baccarat business's world was completely different in...

  • Pool fire at The Cosmopolitan fueled by fake palm trees Tuesday, 28 Jul 2015 | 10:27 AM ET

    LAS VEGAS— Fake palm trees and high winds fueled a poolside fire on a rooftop at The Cosmopolitan hotel-casino on the Las Vegas Strip over the weekend, fire officials say. The blaze on Saturday sent guests running and plumes of black smoke billowing from the scene. Clark County Battalion Chief Leo Durkin said the trees were made from foam that has become a common...

  • UNCASVILLE, Conn.— One high roller requests a refrigerator full of bananas that he squeezes and throws as he gambles. Other high-stakes players described by a pit manager at Mohegan Sun, one of the world's largest casinos, throw chairs, scream at dealers and expect rules to be bent at the tables. Transcripts of the hearing were obtained by The Associated Press.

  • Poker star Ivey sues casino that claims he cheated Monday, 27 Jul 2015 | 4:02 PM ET
    A 2009 file photo of Phil Ivey during the World Series of Poker.

    A professional poker player has sued a casino that claimed he won $9.6 million by cheating at baccarat.

  • Boyd Gaming CEO: Great 2nd quarter Monday, 27 Jul 2015 | 3:43 PM ET
    Boyd Gaming CEO: Great 2nd quarter

    Keith Smith, Boyd Gaming CEO, discusses continued revenue growth and plans for expansion.

  • ATLANTIC CITY, N.J.— A professional poker player has sued a casino that claimed he won $9.6 million by cheating at baccarat, alleging it knew about defects in the cards and then destroyed evidence. Phil Ivey and his co-defendant, Cheng Yin Sun, filed a countersuit last week against the Borgata Hotel Casino& Spa, which sued the pair last year. They demand unspecified...

  • BOSTON— Lawsuits challenging Massachusetts' decision to award Wynn Resorts a gambling license have come with a hefty price tag. The state Gaming Commission and three cities involved in the legal fight— Boston, Revere and Somerville— have spent more than $1.4 million combined since the first complaints were filed in October, a review by The Associated Press has...

  • Boyd reports 2Q loss Thursday, 23 Jul 2015 | 5:18 PM ET

    LAS VEGAS _ Boyd Gaming Corp. on Thursday reported a second-quarter loss of $6.4 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. Six analysts surveyed by Zacks expected $549.9 million.

  • General Motors and SanDisk are big market movers Thursday, 23 Jul 2015 | 4:35 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Union Pacific Corp., down $5.56 to $92.12. Under Armour Inc., up $6.56 to $95.93.

  • LAS VEGAS— A deal involving Pinnacle Entertainment is the latest example of a casino company separating its gambling operations from its real estate to generate cash. Las Vegas- based Pinnacle announced this week it would sell most of its casino-hotels to a real estate investment trust, Pennsylvania- based Gaming and Leisure Properties Inc., in an all-stock...

  • Penn National Gaming beats 2Q profit forecasts Thursday, 23 Jul 2015 | 7:21 AM ET

    WYOMISSING, Pa.— Penn National Gaming Inc. on Thursday reported second-quarter profit of $16.9 million. For the current quarter ending in September, Penn National Gaming said it expects revenue in the range of $728.2 million. This story has been corrected to show that Penn National Gaming's per-share profit was 19 cents, which beat Wall Street estimates.

  • July 22- Casino operator Las Vegas Sands Corp's said cost cutting at its Macau properties helped it post better second-quarter earnings, compared with the first quarter, sending its shares up about 4 percent. Las Vegas Sands performed well in a tough Macau environment, Morningstar analyst Dan Wasiolek said. Las Vegas Sands said net income attributable to the...

  • Las Vegas Sands misses Street 2Q forecasts Wednesday, 22 Jul 2015 | 5:45 PM ET

    Still, Las Vegas Sands CEO and Chairman Sheldon Adelson called the quarterly results a solid set of financials considering the challenges the company has faced in Macau where a government corruption crackdown has led to a significant downturn in gambling in the Asian enclave. That train has left the station, "he said of competitors and what sets Las Vegas Sands...

  • New Bedford developer drops out of casino competition Wednesday, 22 Jul 2015 | 5:15 PM ET

    BOSTON— Developers of a planned Foxwoods casino for the New Bedford waterfront abruptly backed out of the competition for Massachusetts' final resort casino license on Wednesday, citing an inability to secure financing for the projected $650 million project. KG Urban Enterprises partner Barry Gosin said in a letter to the Massachusetts Gaming Commission...

  • Las Vegas Sands revenue falls 19.4 pct Wednesday, 22 Jul 2015 | 5:00 PM ET

    July 22- Casino operator Las Vegas Sands Corp reported a 19.4 percent fall in second-quarter revenue because of challenging conditions in Macao. The company's revenue fell to $2.92 billion from $3.62 billion a year earlier. Net income attributable to Las Vegas Sands fell to $469.2 million, or 59 cents per share, in the quarter ended June 30, from $671.4 million, or...

  • Monarch Casino beats Street 2Q forecasts Wednesday, 22 Jul 2015 | 4:57 PM ET

    RENO, Nev. _ Monarch Casino& Resort Inc. on Wednesday reported second-quarter earnings of $5.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. Three analysts surveyed by Zacks expected $48.7 million.

  • Mohegan Sun takes gamble with online casino for NJ Wednesday, 22 Jul 2015 | 4:02 PM ET
    People play the slot machines at the Mohegan Sun in Uncasville, CT

    Mohegan Sun enters New Jersey's online casino market this week with a real-money gambling website, Mohegansun.com.