LOS ANGELES, May 22 (Reuters) – Caesars Entertainment Group
said it plans to go live this summer with an online
poker site in Nevada, the only U.S. state so far to offer legal
Internet gambling, and will promote the nascent service to
thousands of poker players at its World Series of Poker (WSOP)
tournament in Las Vegas starting May 29.
Caesars is among several gaming companies preparing to go
live with online sites in the United States which could
eventually generate billions of dollars in revenue for the
casino industry and local governments.
May 9 (Reuters) – MGM Resorts International on
Thursday filed a proposal with the state of Maryland to develop
an $800 million casino resort, after winning the right to
proceed with the project in a costly lobbying effort against
rival Penn National Gaming Inc.
MGM filed its proposal for a license with the Maryland Video
Lottery Facility Location Commission to develop the resort on 20
acres of waterfront property in National Harbor in Prince
George’s County, just south of Washington, D.C.
LOS ANGELES (Reuters) – The Rolling Stones rocked a packed house in Los Angeles on Friday on the opening night of their North American “50 and Counting” tour, but only after websites slashed ticket prices and the band released additional cheap seats at the last minute.
The 17-date tour is the veteran British rockers’ biggest in six years and follows a handful of dates in London, Paris and New York at the end of 2012 marking 50 years since they burst on to the music scene at London’s Marquee Club in 1962.
LOS ANGELES (Reuters) – Wild horses couldn’t drag many of the most die-hard of Rolling Stones fans to the kick-off of the band’s North American tour – at least not at prices of up to a whopping $600 a ticket.
Three weeks after tickets went on sale, and a day before the British band take the stage on Friday, the Los Angeles Staples Center was far from sold out for the “50 and Counting” gig.
LOS ANGELES (Reuters) – MGM Resorts International CFO Dan D’Arrigo said the company was still deciding whether or not to launch an Internet poker website in Nevada and the state may be too small to provide a lucrative online market on a standalone basis.
“We have to make an assessment on the cost to operate that space. We haven’t ruled it out, but we haven’t given it a green light either,” said D’Arrigo in an interview on Thursday. “We’re not going to be the first or a pioneer from the state’s perspective.”
LOS ANGELES (Reuters) – States and casinos racing to legalize online gaming may find some unwelcome visitors on their websites: product liability lawyers.
A group of 10 lawyers and academics with experience in prior liability cases met in Indianapolis in mid-April to discuss whether a lawsuit claiming online gaming further promotes gambling addiction has a shot at winning.
LOS ANGELES, May 2 (Reuters) – States and casinos racing to
legalize online gaming may find some unwelcome visitors on their
websites: product liability lawyers.
A group of 10 lawyers and academics with experience in prior
liability cases met in Indianapolis in mid-April to discuss
whether a lawsuit claiming online gaming further promotes
gambling addiction has a shot at winning.
LOS ANGELES (Reuters) – Casino operator Las Vegas Sands Corp (LVS.N: Quote, Profile, Research, Stock Buzz), owned by billionaire Sheldon Adelson, on Wednesday posted better-than- expected first-quarter earnings, helped by good results in Macau and Singapore, and its shares rose.
Sands said first-quarter net revenue rose 19.5 percent to $3.3 billion, net income rose 14.6 percent to $572.0 million and earnings per share rose 13.1 percent to 69 cents a share.
LOS ANGELES (Reuters) – Kazuo Okada, locked in a legal battle with Wynn Resorts International and the subject of a federal bribery investigation, said on Wednesday his wholly-owned Aruze Gaming America obtained a California gaming license and this shows he is suitable to conduct business in the casino sector.
“I am pleased the California Gambling Control Commission (CGCC) granted a Gaming Resource Supplier license to Aruze and its principals,” said Okada, noting he has obtained licenses in 18 new jurisdictions and several license renewals since Wynn brought a suit against him in February 2012. Wynn claimed Okada engaged in improper conduct with cash payments and gifts to Filipino gaming authorities.
LOS ANGELES (Reuters) – After 40 years with one of the biggest rock bands in the United States, Aerosmith frontman Steven Tyler and guitarist Joe Perry are finally being honored for their songwriting.
The duo, dubbed the Toxic Twins in their drug-fueled early years, co-wrote many of the bands’ biggest hits like “Walk This Way” and “Back in the Saddle,” which catapulted Aerosmith to fame in the mid-1970s.