Vacant land on the Las Vegas Strip changed hands last week in the first such deal on the famed 4-mile corridor since the recession. Surprised observers of the $25 million acquisition of 2.15 acres at Harmon Avenue and Las Vegas Boulevard by developer Brett Torino and two undisclosed partners had one key question: how to value Strip property in ...

BEIJING (Reuters) - China plans to crack down on the online gambling industry, including the banks and websites that support it, the Ministry of Public Security said in a statement posted on its website. The campaign will "concentrate on investigating major and important cases of online gambling, knock out domestic and foreign groups that organize online gambling, and severely punish the ...

Casino operator Pinnacle Entertainment Inc. said Friday that cost-cutting helped narrow its fourth-quarter loss from a year earlier, but it described the period as "tough" and announced several moves to trim costs further. Pinnacle said in the statement announcing its fourth-quarter performance that it was abandoning plans for a $1 ...