CNBC financial gury and show host Jim Cramer recently launched the rumor that MGM Resorts and Wynn Resorts "might merge". The blogosphere lit up with discussions of the subject, while serious analysts laughed off the idea. Given the prominence of the source and the reaction, several attempts to analyze such
Jim Murren, the Chairman and CEO of MGM Resorts International, said he does not expect to build any more casinos in Las Vegas during his time with the Strip's biggest gaming company. With Bellagio, Mandalay Bay, The Mirage, CityCenter, and MGM Grand as a Las Vegas Strip properties for his
Kirk Kerkorian, the Armenian-American billionaire who helped transform Las Vegas into the gambling capital it is today, died this week at the age of 98. Kirk Kerkorian was the man who made MGM Resorts into one of the world's leading international gaming corporations, while creating the concept of the "mega-resort".
The Oregon Lottery is replacing old video lottery machines with new VLMs and the move is causing gambling recovery advocates to protest. The rollout of the state-of-the-art machines promises players the ability to play more games at one time, while betting less money on each of those games. Casual readers
Despite the Golden State Warriors' NBA Finals victory over the Cleveland Cavaliers last night, Westgate Las Vegas SuperBook has already installed the Cavs as the early 9:4 favorites to win the 2016 NBA Championship. The line was set only hours after the Warriors beat the Cavaliers in Game Six of
Two member of the Genovese Crime Family of the American mafia were sentenced to prison terms for operating an illegal sports betting operation. The two men, Dominick J. Barone and Eric Patten, were setentced in a federal court in Newawk, New Jersey on June 16. U.S. Attorney Paul J. Fishman
While IGT and Bally Technologies were being bought for several billion dollars apiece, the number 3 slot machine manufacturer continues to operate as an independent force in the gaming industry. Jamie Odell of Aristocrat Leisure Ltd. recently gave an interview in which he said his company won't be satisfied simply
Pennsylvania State Senator Kim Ward recently submitted SB 900 for consideration as a potential fix for Pennsylvania gambling laws. The bill was cosponsored by a number of prominent state lawmakers, including Senate President Pro Tempore Joe Scarnati. The legislation contains provisions for Video Lottery Terminals at bars and off-track betting
It seems the controversial 8-liner industry reaches beyond South Texas. Federal officials are investigating alleged illegal gambling activity involving 8-liner gaming machines in the city of Athens in East Texas. The businesses being investigated are found on State HW 31 west of Athens. At least one other business on US
Atlantic City casino mogul Carl Icahn and the local casino unions continue to quarrel over pension benefits, months after the two sides began negotiations. In the latest round of conflict, both sides have taken to the newspapers to blame the other side for making trouble. A judge's decision on Icahn's
Electronic charitable gaming machines in Minnesota continue to have an up-and-down history. Months after many people suggested ECGs in Minnesota were a thing of the past, a woman in Eveleth won the biggest jackpot in Minnesota electronic charitable gambling machine history. The winner was Audrey Blackwood, who won over $71,000
Amaya Gaming is ready for its initial public offering on the NASDAQ this week. Despite the listing of its IPO, American gamblers still cannot make wagers through Amaya's most popular brand: PokerStars. Despite continued stonewalling by officials in New Jersey, Nevada, and Delaware, Amaya Gaming has an alluring package for
