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REIT sues Cannery Casino Resorts over racetrack casino purchase

29 October 2014
LAS VEGAS -- The company buying a Pittsburgh area racetrack casino owned by Cannery Casino Resorts has sued the Las Vegas-based casino operator for allegedly breaching the $465 million purchase agreement. Gaming and Leisure Properties, the real estate investment trust spin-off from Penn National Gaming, ... (read more)

SEC approves Full House shareholder solicitation

29 October 2014
A group of Full House Resorts, Inc. shareholders were given the go-ahead by the Securities and Exchange Commission Tuesday to solicit other stockholders of the casino operator on holding a special vote to remake the company’s board. The five-person group, headed by gaming executive Dan Lee, controls 6.2 percent of the Las Vegas-based company’s shares. ... (read more)

Wynn revenues dip, but profits up in Q3

29 October 2014
LAS VEGAS -- Wynn Resorts, Limited said Tuesday the company had a 1.4 percent dip in revenue in the third quarter, but results from the casino operator’s Strip properties boosted profits. Wynn said its net income for the quarter that ended Sept. 30 was $191.4 million, or $1.88 per share. A year ago, the company reported net income of $182 million, or $1.79 per share. ... (read more)

Nevada gaming revenue declines for second straight month

29 October 2014
LAS VEGAS -- Nevada’s casino industry suffered its second straight monthly gaming revenue decline in September with much of the blame leveled at an unlucky run by the Strip’s high-end baccarat rooms and a fortunate month for blackjack players. Statewide, gaming revenue fell almost 6 percent in the month. ... (read more)

Timing right for suitors to pursue Full House

29 October 2014
LAS VEGAS -- In the grand scheme of things, the proxy fight over Full House Resorts, Inc. seems like small potatoes. But with regional markets on a downward trajectory, the company is ripe for the taking. Las Vegas-based Full House owns three regional casinos and has a management contract for a Lake Tahoe resort. ... (read more)

Two months after debut, SLS Las Vegas president jumps ship

28 October 2014
LAS VEGAS -- The SLS Las Vegas Hotel & Casino has changed presidents just two months after the $415 million Strip resort opened. The hotel-casino’s owners said Monday that Scott Kreeger would take over for Rob Oseland, who had been with the property since 2012, before the 18-month construction transition from the shuttered Sahara into SLS Las Vegas. ... (read more)

Station Casinos makes the effort to help schools

28 October 2014
LAS VEGAS -- What began as a way to financially help area schools in need has become a year-round effort for Station Casinos, Inc. The company hosted its annual Smart Start breakfast this month at Red Rock Resort Casino, Resort & Spa’s T-bones Chophouse and awarded $50,000 — $5,000 each — to 10 elementary ... (read more)

Full House Resorts bylaws change makes special meetings more difficult

27 October 2014
LAS VEGAS -- A sudden bylaw revision by Full House Resorts, Inc. will make it difficult for shareholders seeking changes in the regional casino operator to call a special meeting before the end of the year. In a filing with the Securities and Exchange Commission, the Las Vegas-based company’s board voted ... (read more)

Penn National sees revenue, profits decline

24 October 2014
Casino operator Penn National Gaming, Inc., which owns M Resort, said Thursday revenue and profits declined in the third quarter as regional gaming markets across the U.S. continued to under-perform. Penn said its net income for the quarter that ended Sept. 30 was $8.5 million, or 10 cents per share, down from $35.3 million or 34 cents per share a year ago. ... (read more)

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