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Casino and Gambling Industry

Casino and Gambling Industry
A collection of news and information related to Casino and Gambling Industry published by Tribune Company sources. (Photo KIRK MCKOY / LA TIMES)
A collection of news and information related to Casino and Gambling Industry published by Tribune Company sources. (Photo KIRK MCKOY / LA TIMES) « Show less

Top Casino and Gambling Industry Articles

Displaying items 89-99
  • Navigating the shift to a stingier Fed

    After four years of providing trillions of dollars in cheap money to prop up the U.S. financial system and economy, the Federal Reserve has signaled that its generosity won't last forever. On the face of it, that ought to be good news: It means the...
  • Gas tax, gambling, still broke [Editorial]

    A tax on gasoline went into effect in Harford County and across Maryland on Monday, adding about 4 cents to the cost of a gallon. Next year, that will increase again, and the same thing will happen the following year, then in 2016, the final increase in...
  • Maryland casinos' June revenue reaches $66.5 million

    Maryland casinos' June revenue reaches $66.5 million
    Maryland's four casinos took in about $66.5 million in revenue in June, capping a fiscal year in which they far exceeded expectations, the Maryland Lottery and Gaming Control Agency announced Friday. Even with stiff competition from more established...
  • Mid-Atlantic casino war

    Mid-Atlantic casino war
    When Maryland was first contemplating legalizing slot machines, supporters pointed to Delaware and the success of its "racinos" — racetracks with slot machine gambling — and how they drew in thousands of Maryland residents each year. Turns out...
  • Financial markets: Six highlights -- and absurdities -- of 2013

    Wall Street had plenty of reasons to think 2013 would go miserably for the stock market — what with a lackluster global economy, the U.S. government shutdown, Syria's civil war, the Obamacare fiasco and Miley Cyrus. Instead, we're on track for a...
  • Macau casinos outpace total U.S. market, rake in record take in 2013

    Las Vegas is no longer the gambling capitol of the world. Not by a long shot. The tiny Chinese city of Macau reported a whopping $45 billion of gambling revenue in 2013, a figure analysts expect will be about seven times as much as casinos on the iconic...
  • Sin Tax Shortfall Shows State Must Grow Economy

    Sin Tax Shortfall Shows State Must Grow Economy
    Connecticut knew, or should have known, 20 years ago that its regional monopoly on casino gambling — and hence its cut of slot machine revenues — would not last forever. Surrounding states were inevitably going to want a piece of the action....
  • L.A. city attorney sues firm that provides cyber-gambling systems

    L.A. city attorney sues firm that provides cyber-gambling systems
    Los Angeles City Atty. Mike Feuer has filed a lawsuit against a national developer of gambling systems for its role in allegedly supplying L.A.-area cyber cafes. "Illegal gambling can cause significant public safety problems and preys on our most...
  • Maryland sees lowest casino revenue since spring

    Maryland sees lowest casino revenue since spring
    Maryland's four casinos brought in about $65 million in December, their lowest monthly revenue since the Rocky Gap Casino Resort opened in May. Still the total was well above revenues seen at the end of 2012, riding a nearly 50 percent year-over-year...
  • Five questions for Lorenzo Creighton

    Though MGM Resorts International won the state's Prince George's County casino license just last month, the company has had a point man in Maryland for more than a year. Lorenzo Creighton was tapped for the job of president and chief operating officer of...
  • Lawmakers reject video gambling reforms

    Lawmakers reject video gambling reforms
    An obscure panel of lawmakers unexpectedly shot down video gambling reforms Tuesday, leaving regulators grasping to close loopholes in the lucrative business. Aaron Jaffe, chairman of the Illinois Gaming Board, which proposed the reforms, said he was...