‘s stock had its “outperform” rating reaffirmed by equities researchers at Sanford C. Bernstein in a research report issued on Tuesday. They currently have a GBX 1,700 target price on the stock.

Due to plummeting gaming revenue in Macau, shares of Melco Crown have taken a beating over the past year, falling by around half its late March 2014 share price. Some investors may find it an attractive turnaround play but with a high P/E and significant downside potential in Macau’s gaming market due to weak housing, things appear risky.

The House Subcommittee on Crime, Terrorism, Homeland Security, and Investigations held a hearing last week to consider bill HR 707, the “Restoration of America’s Wire Act,” or RAWA. The proposed bill would prohibit most types of online gambling, whether or not they have been legalized and regulated by any state.

Radford University is in the market for a new president. After nearly 10 years at the helm, President Penelope W. Kyle plans to retire on June 30, 2016, two years earlier than expected.

Prospects for legalizing casino gambling in Japan suffered another blow on Monday as proponents said they would delay a bill allowing full-scale resorts as the ruling coalition remains divided on the controversial measure. Pro-casino lawmakers had said last week they would resubmit a previously failed bill by Tuesday, the end of the fiscal year.

Penn National Gaming Incorporated announced today that it has withdrawn from the proposed Lawrence Downs Casino and Racing Resort Project.

Casino City Press today announced the release of the 2015 edition of  Casino City’s Indian Gaming Industry Report – the most comprehensive, up-to-date study of Indian gaming available – authored by Dr. Alan Meister, an economist with Nathan Associates Inc., who has done extensive research and analysis on Indian gaming issues.

The first time Megan Phelps-Roper came to Las Vegas, it was May 2004 and she was here to picket a live recording of the Howard Stern show at the Hard Rock Hotel. Standing beside her two younger siblings, 18-year-old Phelps-Roper wore a T-shirt emblazoned with the phrase for which her family is most famous: God hates fags.

Two officials at the state agency overseeing gambling disclosed they had conflicts of interest recently when it came time to decide on a matter affecting a former official who has gone to work for the gaming industry. Robert Lytle, the former chief of the state gambling enforcement unit, went on to build a successful business consulting for card rooms across the state after leaving his state job in 2007.

Next time Rick Springfield wants to buy a gun, maybe he should start talking cute instead. And save the receipt.

Great Canadian Casinos is suing the B.C. Lottery Corporation for collecting trust monies under an allegedly expired agreement. One of B.C.’s biggest casino companies is suing the B.C. Lottery Corporation for more than $18 million.

Their biggest subsidiary is in bankruptcy, and the newly built High Roller in Las Vegas — the centerpiece of a $550 million investment in Sin City — looks like a disaster a year into operation. Instead, they’re pushing forward on a $126 million convention center investment in Atlantic City, a city that’s watching casinos go bankrupt left and right.

Wayne council approves Second Street reconstruction Wayne City Council approves Second Street reconstruction Check out this story on HometownLife.com: http://www.hometownlife.com/story/news/local/wayne-county/wayne/2015/03/29/wayne-city-council-approves-street-reconstruction/70553432/ Contracts for the $886,100 project with the Michigan Department of Transportation and Stantec Inc., which will provide construction engineering services, were recently approved by the Wayne City Council. The project calls for reconstruction of Second between Annapolis and East Michigan Avenue and Ash and Glenwood.

A view of the former New Frontier site on the Las Vegas Strip Sunday, March 22, 2015.

As editor at large for Inside Asian Gaming following nearly a decade as a special correspondent for Macau Business magazine, I cover the casino business in Macau and throughout Asia. I’m also a columnist for Asia Times and The Guardian .

It appears Sunday and Wednesday in Business. Follow him on Twitter: @howardstutz On his first quarterly earnings conference call as CEO of Full House Resorts, Dan Lee compared himself to the little boy who came downstairs one Christmas morning hoping to find a pony.

The first leg of Widespread Panic’s Spring Tour continued last night at The Joint at Hard Rock Hotel & Casino in Las Vegas. Panic was joined by two frequent collaborators at points during Friday night’s first of two consecutive shows in Sin City.

Authorities say a former Station Casinos advertising production manager has been sentenced to 366 days in federal prison and ordered to pay $351,039 for tax evasion. The U.S. Attorney for Nevada said Friday that from 2005 to 2008 Anthony M. Cirulli received more than $2.1 million in side payments from vendors to guarantee the companies would be awarded printing work.

Gatski Commercial’s Sean Simon, and Gabe Telles, finalized a new, 62-month industrial lease, representing Equus Investment Group, LP.

BEIRUT: Game developers in the region must cooperate and share data in order to increase production and reach a wider audience, an industry expert said. “Sharing data among game developers would allow them to collect common patterns for all games including downloads and payment habits for all customers,” Joseph Shomali, co-founder and CEO of Play 3arabi, told The Daily Star.