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October 13, 2008 10:37:25 AM CDT

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Stories related to: casino

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Stories 21 - 30 of 30

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  • September 2007

    • Reno Thrives Although Most Bets Are Off

      Economist  |  Sep 29, 07 3:44 PM CDT

      Reno Thrives Although Most Bets Are Off

      (Newser) - Reno's lost billions to Native American casinos, yet the Nevada town is growing again, even thriving. How did Renoans react when Tribal casinos lured away their business? They put up shop as gambling consultants and sold even more slot machines. Now downtown is growing: Developers are free to build without powerful casinos blocking their path, the Economist reports. More »

      Tags

      Wal-Mart  • Nevada  • gambling  • casino  • Native American  • Reno  • red tape

  • August 2007

    • Lottery's Luster Scratching Off

      San Diego Union-Tribune  |  Aug 29, 07 3:43 PM CDT

      Lottery's Luster Scratching Off

      (Newser) - The fever over big lottery jackpots is cooling as huge payouts become more common, and lose their once-in-a-lifetime cachet. What's more, the growing casino scene is muscling in on the lotto's territory -- casinos offer a better chance of winning, in a more electric atmosphere than your local 7-Eleven. More »

      Tags

      California  • Arnold Schwarzenegger  • gambling  • casino  • lottery  • Mega Millions

    • New Vegas Takes Root in Macao

      New York Times  |  Aug 28, 07 10:31 AM CDT

      New Vegas Takes Root in Macao

      (Newser) - Casino developers are sinking staggering amounts of money into making Macao the new Las Vegas. Economic unrest be damned—the immense $2.4 billion Venetian hotel and casino complex that opened today is only the first of dozens to come. But some worry that there aren't enough Chinese high rollers to sustain the boom, the Times reports. More »

      Tags

      China  • Las Vegas  • gambling  • casino  • Macao

    • Dubai Betting $5B on Vegas Casino Giant

      Bloomberg  |  Aug 22, 07 2:01 PM CDT

      Dubai Betting $5B on Vegas Casino Giant

      (Newser) - Dubai World—a company owned by the government of the oil-rich Persian Gulf state—plans to invest up to $5.1 billion in MGM Mirage, the world's second-largest casino company, Bloomberg reports. The move would give Dubai a presence in booming Las Vegas and free up assets for MGM Mirage to diversify its holdings. More »

      Tags

      Las Vegas  • gambling  • casino  • Dubai  • Persian Gulf  • Kirk Kerkorian  • MGM Mirage

    • Virtual Bank Collapse Causes Real Pain

      Wired  |  Aug 15, 07 2:19 PM CDT

      Virtual Bank Collapse Causes Real Pain

      (Newser) - Ginko Financial, an unregulated investment bank that promised returns of up to 60%, collapsed recently, costing its customers 200 million Lindens—the currency of online virtual universe Second Life, where the bank existed. While the bank, managed by a mysterious, anonymous owner, catered only to computer-generated avatars in its 3 1/2 years existence, the money it lost—about $750,000—was very real. More »

      Tags

      Internet  • FBI  • bank  • gambling  • casino  • Second Life  • virtual investment bank

  • July 2007

    • Man Opens Fire in Vegas Casino, Wounds Four

      Associated Press  |  Jul 6, 07 4:49 PM CDT

      Man Opens Fire in Vegas Casino, Wounds Four

      (Newser) - A man opened fire at random in Las Vegas's New York-New York casino early this morning, wounding four guests on the floor below him. None of the injuries were fatal, and officers and patrons managed to bring him down before he wreaked further havoc. Another woman was injured in the ensuing chaos, but the casino floor never shut down. More »

      Tags

      Las Vegas  • shooting  • gun  • casino

  • June 2007

    • Kerkorkian Hedges Bets on MGM

      CNN  |  Jun 20, 07 9:13 AM CDT

      Kerkorkian Hedges Bets on MGM

      (Newser) - Mega-investor Kirk Kerkorian has withdrawn his intended bid for two of MGM Mirage's showcase properties. Kerkorian, who owns a 56% stake in the company, pulled his preannounced offer on news of a multi-billion dollar development deal between MGM and South African casino giant Kerzner International to develop a new property on the Strip.  More »

      Tags

      casino  • Kirk Kerkorian  • Bellagio  • MGM Mirage

    • Gambling Firm Agrees to Buyout

      Bloomberg  |  Jun 15, 07 4:08 PM CDT

      Gambling Firm Agrees to Buyout

      (Newser) - The casino-operator buyout spree continued today as Penn National Gaming agreed to be acquired by two private-equity firms for $8.9 billion. The deal, which allows the company to solicit bids for 45 days, includes $2.8 billion in debt. News of the $67-a-share offer, a 31% premium over yesterday's closing price, drove the stock up to $62.12 at close. More »

      Tags

      business  • stocks  • acquisitions  • private equity  • casino  • privatization  • Harrah's  • Fortress Investment Group

  • May 2007

    • Lazy Gamblers Rent Scooters in Vegas

      CNN  |  May 25, 07 5:34 AM CDT

      Lazy Gamblers Rent Scooters in Vegas

      (Newser) - In Las Vegas, motorized scooters offer access to expansive casino floors to the elderly, the disabled—and now the lazy. For 40 chips a day, a growing number of young, healthy tourists are renting the scooters so they can hop from the slot machine to the craps table at up to 5 miles per hour, wasting as little energy as possible. More »

      Tags

      Las Vegas  • elderly  • gambling  • casino  • disabled  • handicapped  • scooters  • laziness

  • April 2007

    • Atlantic City Trumps The Donald

      New York Times  |  Apr 11, 07 7:02 AM CDT

      Atlantic City Trumps The Donald

      (Newser) - Donald Trump's casinos are faltering in Atlantic City, the very seaboard Vegas the flamboyant developer helped build in the 80s and 90s.  The Taj Mahal is still flush, but Trump's two other hotels are last in revenues. And analysts aren't betting on them, thanks in part to the share the city is losing to slot parlors in NYC and Philly. More »

      Tags

      Las Vegas  • New Jersey  • gambling  • casino  • Donald Trump  • Atlantic City

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