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Howard Stutz

Nevada regulators approve more stringent oversight for casino nightclub operations

20 November 2015
The Nevada Gaming Commission will require casino operators to take more stringent approach in monitoring their nightclub venues, hoping to avoid regulatory complaints that often led to six- and seven-figure fines for allowing illicit activity inside the venues. Among the changes, the casinos will have to ... (read more)

Wynn delays opening of Macau resort

19 November 2015
Wynn Resorts Ltd. said Wednesday it will move the opening of its $4.1 billion Wynn Palace development in Macau back by three months. In a brief statement, the company said it was notified by its general contractor that the 1,700-room Cotai Strip hotel-casino will not be ready to open by the projected early completion date of March 25. ... (read more)

Avengers, Transformers attractions coming to Treasure Island

18 November 2015
Treasure Island will turn over the second and third floors of its recently completed 40,000 square-foot retail area along the Strip to an exhibition company that will create attractions based on Marvel Comics' The Avengers and Hasbro's Transformers, offering customers interactive, theme parklike experiences. ... (read more)

Inside Gaming: Let's call daily fantasy sports what it is — gambling

18 November 2015
The debate that DraftKings and FanDuel never wanted is taking place. At this juncture, the winning argument is that daily fantasy sports is gambling and not a game of skill. Nevada gaming regulators, based on an attorney general's opinion, said in October daily fantasy was sports wagering under the state's gambling laws. ... (read more)

Z Capital makes fourth attempt to acquire Affinity Gaming

17 November 2015
Illinois-based investment group Z Capital, the largest shareholder in casino operator Affinity Gaming, has made its fourth offer in the past two years to acquire the Las Vegas-headquartered company in a deal valued at $700 million. Z Capital CEO James Zenni said Monday he would pay $13 a share to acquire ... (read more)

Stratosphere owner reports third quarter loss despite increases in revenue

17 November 2015
Stratosphere Casino Hotel and Tower owner American Casino & Entertainment Properties lost money in the third quarter despite a 6.6% increase in revenue across the company's Southern Nevada casinos. American Casino, which also owns the two Arizona Charlie's properties (Arizona Charlie's Boulder and Arizona ... (read more)

Scientific Games CFO announces retirement

17 November 2015
Scientific Games Corp. Chief Financial Officer Scott Schweinfurth will retire at the end to the year, the slot machine and lottery giant announced Monday. Schweinfurth, 61, was CFO at WMS Industries when Scientific Games acquired the slot machine manufacturer in 2013 for $1.5 billion. He spent more than a decade with WMS. ... (read more)

Penn National receives noncompliance notice from Nasdaq

17 November 2015
Casino operator Penn National Gaming said it received notice from the Nasdaq that it is not in compliance with listing rules, an announcement the company anticipated. Penn National, which owns the Tropicana Las Vegas and M Resort, said last month it had delayed filing its third quarter financial statement ... (read more)

Inside Gaming: Pieces falling into place for Scientific Games

15 November 2015
A year ago, Gavin Isaacs was the dog who actually caught the car he'd been chasing. Scientific Games Corp. spent almost $8 billion in corporate acquisitions to create a gaming equipment provider and manufacturer with 10 divisions touching all aspects of the legalized gambling industry. It was Isaac's job to make all the pieces fit. ... (read more)

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