MGM Mirage’s net income tumbled 69% amid year-earlier gains and a drop in revenue as guests continued to visit the casino operator’s resorts in high numbers, but at lower room rates and with lower spending. Casino revenue decreased 4%.
Through a request filed under the Freedom of Information Act, Fishwick’s firm was able to obtain records that showed the Virginia State Lottery sold $85 million in tickets for which no top prize was available. Fishwick says the state should pay $85 million in damages.
The gambling slowdown that began early this year is taking a serious toll on Las Vegas. Casinos are being pinched by less access to cash as they grapple with predownturn expansion plans and billions of dollars of debt.
Hollywood Casino, gets fined for marketing to the equivalent of the do not call list for gamblers.
A new class of slot machines, aimed at attracting younger players who grew up with video games, is demanding something more than the ability to pull a lever skill.
For about an hour last August, Gary Hoffman was a very lucky man.
Hoffman was playing the nickel slot machines at the Sandia Resort and Casino on an Indian reservation in New Mexico when he appeared to hit the jackpot: the machine said he won nearly $1.6 million.
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