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Howard Stutz
 
 

Stratosphere owner increases quarterly profits and revenue

17 August 2015
Stratosphere Casino Hotel and Tower owner American Casino & Entertainment Properties quadrupled its net income in the second quarter, saying the company was driven by higher revenue across all business segments. American Casino, which also owns Arizona Charlie's Boulder and Arizona Charlie's Decatur and ... (read more)
 

Inside Gaming: R&R's D.C. division to oversee MGM National Harbor marketing

17 August 2015
"What happens in D.C., stays in D.C.," probably won't fly. Las Vegas-based marketing firm R&R Partners will play a role in launching the $1.3 billion MGM National Harbor development, a resort complex under construction across the Potomac River from the nation's capitol. The contract to oversee brand ... (read more)
 

Global Cash Access changes name to Everi Holdings

14 August 2015
Las Vegas-based Global Cash Access announced its new name Thursday, saying the company will be known as Everi Holdings Inc. starting Aug. 24. The name change, which was announced during the company's second quarter earnings, reflects its move from providing just payment processing and financial services to casinos. ... (read more)
 

Full House reduces quarterly net loss

14 August 2015
Las Vegas-based Full House Resorts reduced its net loss in the second quarter, announcing its results the day after revealing plans for a $650 million gaming development in Indianapolis. The company, which operates casinos in Northern Nevada, Mississippi and Indiana, said Wednesday it lost $427,000, or 2 cents per share, in the quarter that ended June 30. ... (read more)
 

Inside Gaming: Harrah's New Orleans sees revenue drop under smoking ban

12 August 2015
Hurricane Katrina couldn't crush the spirit of Harrah's New Orleans Casino 10 years ago. The aftermath of the massive storm shuttered the property near the Mississippi River and entrance to the famous French Quarter for just six months while the city recovered, reopening for Mardi Gras in February 2006. ... (read more)
 

IGT grows quarterly revenue as profits decline

12 August 2015
Slot machine maker International Game Technology grew revenue 36 percent in the second quarter but saw a decline in profits as the now London-based company reported its first full earnings since merging with lottery giant GTECH Holdings in a $6.4 billion deal in April. In the quarter that ended June 30, the combined company said its net income of $116 million declined 32 percent from a year ago. ... (read more)
 

Full House Resorts proposes $650 million Indianapolis casino

12 August 2015
Las Vegas-based casino operator Full House Resorts wants to build a $650 million resort development near Indianapolis and is willing to give up half the games at its southeastern Indiana casino for the project. The company proposed the development to Indiana lawmakers at the site of a razed airport terminal and nearby parking lots that are no longer used by the Indianapolis Airport Authority. ... (read more)
 

Inside Gaming: Adelson has optimistic outlook for Macau

10 August 2015
Billionaire Sheldon Adelson remains Macau's most optimistic and vocal cheerleader. The question is, does anyone in the investment community share the same rosy outlook as the chairman, CEO and largest shareholder in Las Vegas Sands Corp.? After 14 straight monthly gaming revenue declines in Macau — the ... (read more)
 

HR consultant says gaming jobs are returning

10 August 2015
Ann Simmons Nicholson has hired gaming industry workers in good times and bad. "There were times where, if you were good, you could name your price," she said. These days, times are good — not as good as in the 1990s and early 2000s when gaming was expanding across the country, but the recession is over. ... (read more)

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