las vegas

General Growth Properties Reaches $230M Deal With Hughes Heirs

GGP agreed to pay $230 million to the Hughes heirs in exchange for full release and settlement of all claims against GGP and affiliates. Ten million dollars will be paid in cash, with the rest paid in either cash or common shares. GGP agreed to pay $230 million to the Hughes heirs in exchange for full release and settlement of all claims against GGP and affiliates. Ten million dollars will be paid in cash, with the rest paid in either cash or common shares, GGP said in a statement.

Gambling at Casinos With Welfare Money?

In California and Michigan, welfare recipients use their Electronic Benefit Transfer cards to withdraw the funds from ATM machines in casinos. If they proceed to roll the dice with the money, wouldn't this be state-backed gambling?

Wall Street's Cantor Fitzgerald Becomes a Las Vegas Bookie

Wall Street firm Cantor Fitzgerald is taking bets and setting odds for the newly opened M Resort Spa & Casino. But instead of simply handicapping games and accepting wagers, the tech-savvy brain trust at Cantor has turned betting into something more akin to trading.

Casino Industry Ends Its Losing Streak

The U.S. casino gaming market is finally improving, according to a recently released report from Moody's Investor Services. After more than two years of negative outlooks, Moody's has changed its view to neutral and recognizes "signs [that the] industry has bottomed out."

In Vegas, the Taxi Game Is Rigged Against Plastic

Credit cards will take a traveler a long way in our cashless society -- as long as that traveler isn't trying to take a cab in Las Vegas. Taxis remain among the last holdouts in U.S. society's transition to plastic, a lesson travel writer Randy Diamond has learned the hard way.

The Vegas Brawl Over Station Casinos

The Fertitta family's Station Casinos is in the midst of a heated battle in the bankruptcy courts as the brothers try to salvage parts of the company and as unsecured bondholders scramble to recoup some of the $2.3 billion they had put into the company when things looked much more promising.

Las Vegas Strip Has a Winning Streak in February

The Las Vegas gambling industry seems to have some fight left in it. Following a seemingly endless run of negative months, gambling revenues on the Las Vegas Strip jumped 33% in February to $568 million from $427.4 million a year ago, according to WHO TK. Casino operators have their Chinese patrons to thank for the fortunate turn of events.

Will Casino Have to Make Good on Slot 'Error'?

While playing the slots at Fortune Valley Casino in Colorado, Louise Chavez thought she had won close to $43 million. But the casino denied her those winnings, saying the slot machine was broken. Does Chavez have a shot at getting her winnings back? Las Vegas lawyers are doubtful.

Las Vegas Struggles to Save the 'Whales'

The most prized commodity of Las Vegas casinos is the "whale": a lucrative loser, lured by penthouse suites and transport by private jets to blow big money at the tables. But in this economy, deep-pocketed players are getting shrewd about how -- and where -- to lose a fortune.

Vegas rolls the dice on CityCenter

The CityCenter development is a lot like Las Vegas -- about as subtle as a bull in a China shop.

At a cost of about $11 billion, the largest...

Bob Stupak, Mr. Las Vegas, dies at 67

On Friday, Bob Stupak, Las Vegas visionary, promoter, and lifelong gambler, died of leukemia. He was 67.

A native of Pittsburgh, Stupak became a...