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May 3, 2013

Rolling Stones release low-priced seats ahead of L.A. show

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.

May 2, 2013

MGM assessing costs of operating online poker in Nevada

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.”

May 2, 2013

Lawyers plot gambling addiction suits as casinos go online

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.

May 2, 2013

U.S. lawyers plot gambling addiction suits as casinos go online

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.

May 1, 2013

Las Vegas Sands quarterly earnings better-than-expected

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.

Apr 17, 2013

Japanese casino mogul Okada gets California license

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.

Apr 16, 2013

Aerosmith’s Tyler and Perry honored for songwriting

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.

Apr 5, 2013

Adelson testifies middleman ‘couldn’t deliver’ in Macau

LAS VEGAS, April 4 (Reuters) – Las Vegas Sands
Chairman and CEO Sheldon Adelson said on Thursday a Hong Kong
businessman claiming in a lawsuit that he is owed $328 million
didn’t help the gaming company get permission from the Macau
government to operate a casino there.

Richard Suen alleges the Las Vegas company stiffed him on an
agreed upon “success fee” for helping secure a permit for a
hotel and casino in Macau, a Chinese special administrative
territory that has become the world’s most lucrative gambling
mecca.

Mar 21, 2013

Global box office 2012 sales up 6 percent; China sales spike

LOS ANGELES (Reuters) – Hollywood had a hit year in 2012, both internationally and domestically, as global box office ticket sales rose 6 percent to $34.7 billion, fueled in part by a big spike in China that made the country the largest international market.

Both the Motion Picture Association of America (MPAA) and the National Association of Theatre Owners (NATO), which released the yearly figures, said the overall strength reflected the fact that the top releases spanned several genres, from action movies like “The Avengers” to historical dramas like “Lincoln.”

Mar 19, 2013

Judge denies Sands’ attempt to toss Macau case

LAS VEGAS/LOS ANGELES, March 19 (Reuters) – A judge in
Nevada on Tuesday ruled against Las Vegas Sands Corp’s
effort to throw out a case against it by a businessman who says
he is owed millions of dollars for helping the casino firm get
an operating license in Macau.

Tuesday’s ruling paved the way for jury selection to begin
next week in the trial of the long-running case, which will
bring Sands Chairman and CEO Sheldon Adelson to the witness
stand on April 4.

    • About Susan

      "I cover the media sector, focusing mainly on Walt Disney Co and other big entertainment firms and the digital evolution that is currently reshaping that industry. Prior to this assignment, I covered the music industry, energy markets, commodity markets and corporate bonds. Before moving to Los Angeles in 1995, I held positions in the New York bureau and in Pittsburgh, PA."
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