Las Vegas Sands Corp., owner of the Venetian casino in Las Vegas, plans to borrow more than $2 billion to build a new resort in Macau, said bankers involved in the transaction.

Goldman Sachs Group Inc., Citigroup Inc. and Lehman Brothers Holdings Inc. are arranging the syndicated loan, the largest in Macau, said the bankers, who asked not to be named citing a confidentiality agreement.

Las Vegas Sands said in August it may spend $2.75 billion to build a Venetian casino and develop three hotels in a 200-acre area known as the Cotai Strip in Macau, which may overtake Las Vegas this year as the world's largest gambling center by revenue...

Several hundred people lined up to be the first inside Hollywood Slots when it opened Friday morning at ten o'clock. There was a ribbon cutting and a red carpet, and Marilyn Monroe and James Dean lookalikes were on hand to provide some Hollywood glamor.

It's been two years since Maine voters gave the green light to slot machines at harness-racing tracks. Penn National Gaming is starting slow, with a temporary facility with 475 slot machines while preparing to build a larger, permanent casino...

Hurricane Katrina wrecked the Gulf Coast and gaming stocks. But with a blowout earnings report, Harrah's is no longer down on its luck.

Investors who bet against the gaming companies after Hurricane Katrina wrecked Gulf Coast casinos have been on a roll, as the stocks are down an average of 18.5% since the storm. But that game may have just changed. And as Kenny Rogers would remind us, you've got to know when to walk away, and when to run.

After Harrah’s Entertainment’s (HET, news, msgs) third-quarter earnings report this morning, it looks like a good time to run...

Penn National Gaming Inc., which plans to open its temporary slot machine parlor Friday, has apparently lined up a location for a permanent facility.

An agreement is in the works for Penn National to set up shop on a site now occupied by two hotels across Main Street from Bass Park, city officials said Friday.

The Holiday Inn-Civic Center and the Main Street Inn would be torn down and replaced by the new facility, slated to open in the third quarter of 2007. The project carries a $71 million price tag...

On the heels of the recent Virgin Games research on online gambling in the UK comes a new study with a similar conclusion - the Brits like to bet!

The survey suggests that the online gaming juggernaut has well and truly grabbed the attention of the British gambling public. Conducted by Cyberslotz.co.uk, a subsidiary of the Talarius gambling group, the survey claims that online gamers in the British Isles spend on average GBP 1820 a year gaming on the Internet...

A Macau casino operator controlled by gaming mogul Stanley Ho is seeking to list on the Hong Kong stock exchange, the Hong Kong Economic Journal reports.

Citing sources, the newspaper says that Sociedade de Jogos de Macau, SA, or SJM - which holds one of Macau's three gaming concessions to operate casinos in the city - has been reorganizing the company's businesses and has formed a holding company in preparation for its proposed listing.

The state Senate voted to expand legalized gambling in the state on Thursday by approving a bill that would install thousands of slot machines at the state's horse and dog tracks.

State senators voted 26-9 in favor of the legislation, which would install 2,000 slot machines at all four Massachusetts racetracks. Two of the tracks are in the district of Senate President Robert Travaglini, D-Boston...

The boom in high-rise condo projects in this city's canyon of casinos known as the Strip has spawned its own new status symbol -- the celebrity resident.

About 8,000 condominium units are under construction or about to start, according to SalesTraq, a Las Vegas real estate information company. It's a building explosion fueled in part by speculators in the torrid real estate market here and the desire of buyers from California and Asia to own a piece of Sin City's action.

The Bush administration plans to clarify the difference between Class II and Class III gambling, a move experts say would require more Oklahoma tribes to compact with the state and result in millions of dollars for education funding.

"It will have a huge impact," said attorney Rick Grellner, who represents several small gaming tribes.

Minnesota U.S. Attorney Tom Heffelfinger, who heads a Justice Department panel on American Indian issues, said the plan is designed to re-establish the distinction between Class III slot machines and Class II machines based on bingo.

Popular culture has turned its interest to gambling over the last couple of decades and in recent years the gambling industry has increasingly turned it attention to popular culture, with video slot machines taking on the imagery (and sometimes the gameplay) of icons such as Elvis, board games such as Monopoly, and TV game shows such as Wheel of Fortune.

Science fiction is part of popular culture, so it really shouldn't have been a surprise when video slots started branching away from The Addams Family and The Munsters to, say, Men in Black, Alien and The Terminator. (Most of these slots were created by manufacturer IGT.)