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Howard Stutz

Return on investment for Internet gaming operations in three states no windfall

23 April 2014
Apparently, the only folks making money from the United States’ fledgling Internet gaming market are lobbyists. That won’t change anytime soon. Bills for and against Internet gaming continue to surface in statehouses and Congress, which means more billable hours for the lobbying sector. So far, the return ... (read more)

Convicted slot cheat included in Black Book dies

22 April 2014
LAS VEGAS -- Convicted slot machine cheat Roderick Dee had just a five-month stay on Nevada’s Excluded Person List, commonly referred to as the Black Book. Dee, who became the first new member of the list in almost four years when the Nevada State Gaming Commission made him the 34th entry last July, died in December. ... (read more)

N.Y. investment fund proposes REIT for Pinnacle casino holdings

22 April 2014
LAS VEGAS -- A New York-based investment fund, which owns 4.4 percent of Pinnacle Entertainment, Inc., wants the Las Vegas-based regional gaming operator to spin off its casinos into a real estate investment trust. In filing with the Securities and Exchange Commission Monday, Orange Capital said it believes ... (read more)

Casino industry wrestles with issues surrounding medical marijuana

21 April 2014
LAS VEGAS -- Like much of Nevada, the casino industry is grappling with issues surrounding medical marijuana. So much so that gaming companies and regulators have had little to say publicly about doctor-prescribed pot. Medical marijuana has been legal in Nevada since 2000, but it took state lawmakers 14 years to allow dispensaries to operate. ... (read more)

Golden Gaming taverns in marketing agreement with Hard Rock

18 April 2014
LAS VEGAS -- Golden Gaming, Inc.’s PT’s and Sierra Gold taverns are announcing a marketing agreement today with the Hard Rock Hotel where customers of the Southern Nevada locations can use their loyalty points for deals at the off-Strip hotel-casino. The partnership is the first of its kind between a ... (read more)

Merger ushers in leadership shuffle for WMS Industries

16 April 2014
LAS VEGAS -- The ink was hardly dry on lottery giant Scientific Games Corporation’s $1.5 billion buyout of slot machine manufacturer WMS Industries Incorporated when the corporate management team was shaken up with a new CEO and chairman in November. Earlier this month, Scientific Games moved WMS’ longtime chief financial officer into the same role with the parent company. ... (read more)

Pro poker player Phil Ivey sued by Atlantic City casino Borgata

14 April 2014
Professional poker standout Phil Ivey has been sued in federal court by the Borgata Hotel Casino and Spa in Atlantic City, which claimed the $9.6 million he won at the casino in 2012 was earned through cheating at high-stakes mini-baccarat. The casino, which is 50 percent-owned and managed by Las ... (read more)

IGT announces first multistate progressive jackpot network

14 April 2014
LAS VEGAS -- Slot machine manufacturer IGT - International Game Technology announced the company’s first multistate progressive jackpot network Thursday, linking the games of two casino operators in Nevada and New Jersey. The initial networks involve casinos operated Caesars Entertainment Corporation and Boyd Gaming Corporation. ... (read more)

Regional gaming operators hope end of winter will nurture warmer financial figures

14 April 2014
LAS VEGAS -- Winter’s long grip on the Midwest and other parts of the U.S. is finally subsiding. But even as the snow melts, regional gaming operators might have to wait for their bottom lines to warm up. Weather issues kept casino patrons at home in several states where companies such as Penn National Gaming, Inc., Isle of Capri Casinos, Inc., Pinnacle Entertainment, Inc. ... (read more)

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