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Howard Stutz

Casino operator Full House Resorts for sale

23 October 2014
Regional casino operator Full House Resorts officially put itself up for sale Wednesday, but the head of an investment group said it would continue seeking a special stockholders meeting to remake the company’s board. In a statement, Las Vegas-based Full House said management was directed to begin a sales process following talks with various advisers. ... (read more)

Trust sides with group seeking change at Full House Resorts

22 October 2014
LAS VEGAS -- A trust set up by the late CEO of casino operator Full House Resorts, Inc. is siding with a group of shareholders looking to remake the board of the Las Vegas-based company. In a letter to the company’s board, the co-trustees of the Allen E. Paulson Living Trust said they will support holding a ... (read more)

Caesars will talk with bank creditors to address debt

20 October 2014
LAS VEGAS -- Caesars Entertainment Corporation said Friday it would begin talks with bank creditors to rework part of its $24.2 billion debt. The move follows a similar announcement last month in which the Las Vegas-based coasino operator said it was in discussions with its senior bond holders in efforts to ... (read more)

Nevadan at work: 'Strategic' move by PR pro leads to his own business

20 October 2014
LAS VEGAS -- Reggie Burton called it his “if not now, then when?” moment. In the middle of 2009, MGM Mirage Hospitality, LLC was downsizing its communications staff as the recession tightened its grip on the company, the gaming industry and the community. Burton, 47, who oversaw corporate and community affairs, decided to start his own boutique public relations and consulting business. ... (read more)

The 'for sale' comes down at Sands Bethlehem

20 October 2014
A year ago, Las Vegas Sands Corp. was looking to sell its Pennsylvania hotel-casino complex, housed on the historical site of the long-closed Bethlehem Steel Mill. Now, the company is prepared to invest $800 million in the development, now one of the top two gaming revenue producing properties among that state’s 12 casinos. ... (read more)

MGM Resorts sells Gold Strike to JETT Gaming

17 October 2014
LAS VEGAS -- MGM Resorts International said Thursday it agreed to sell the Gold Strike Hotel & Gambling Hall in Jean to JETT Gaming, a company owned by members of the Herbst family. A sales price was not disclosed. The transaction, which needs approval by Nevada gaming regulators, is the second sale of a small casino by MGM Resorts this year. ... (read more)

Scientific Games-Bally deal may lead to 21 percent cut in workers

16 October 2014
LAS VEGAS -- The $5.1 billion buyout of slot machine giant Bally Technologies, Inc. by lottery provider Scientific Games Corporation could lead to a 21 percent reduction in the combined companies’ nonmanufacturing and production workforce. The number of jobs eliminated would provide a cost savings of $83 ... (read more)

Revenue down, but profits up for Las Vegas Sands Corp.

16 October 2014
LAS VEGAS -- Las Vegas Sands Corp. shrugged off the declining Macau gaming market during the third quarter, saying Wednesday that companywide net income increased 7.2 percent. The earnings announcement comes as Macau has suffered through four straight monthly gaming revenue declines. Most analysts expect ... (read more)

Lee sees something in Full House Resorts — opportunity

15 October 2014
LAS VEGAS -- Anyone who has followed Dan Lee over the years understands his motivation in launching a proxy fight for control of regional casino operator Full House Resorts, Inc. He sees opportunity. Lee, 56, is one of five shareholders controlling 6.2 percent of Las Vegas-based Full House. They want a ... (read more)

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