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Howard Stutz

WSOP helps Nevada crack $1 million revenue mark for online poker

30 July 2014
LAS VEGAS -- Analysts have long speculated about the coexistence of online poker and live casino poker rooms in Nevada. The recent World Series of Poker at the Rio showed the marriage might last. In June, Nevada’s three online poker websites — - Nevada, Ultimate Poker and Real Gaming — collected a combined $1.037 million in gaming revenue. ... (read more)

IGT grows Q3 profits despite revenue decline

30 July 2014
LAS VEGAS -- Slot machine maker IGT - International Game Technology said Tuesday it grew profits in the third quarter despite a double-digit decline in revenue. The Las Vegas-based manufacturing giant is being sold to lottery provider GTECH Holdings for $6.4 billion. Because of the pending transaction, ... (read more)

Wynn's verbal gems can spice earnings calls

30 July 2014
LAS VEGAS -- There is a reason why Wynn Resorts, Limited quarterly earnings conference calls are never boring. You never know when Company Chairman Steve Wynn is going to drop a few verbal gems. Take Tuesday’s second-quarter call. At one point, Wynn used the word “inexorable,” to describe the Chinese economy as unstoppable. ... (read more)

Las Vegas casinos save Wynn Resorts quarterly results

30 July 2014
LAS VEGAS -- Wynn Resorts, Limited’s second-quarter results were saved by the company’s Las Vegas resorts. Company Chairman Steve Wynn said Tuesday that won’t happen again. During an early morning conference call with analysts and investors — Wynn handled the call from his offices in Macau — the casino ... (read more)

Nevada 150: The World according to Stupak

30 July 2014
LAS VEGAS -- Editor’s Note: Nevada 150 is a yearlong series highlighting the people, places and things that make up the history of the state. Casino ownership in Las Vegas has attracted its share of characters, from the mob-backed era of the 1960s and 1970s to reclusive billionaire Howard Hughes to the publicly traded corporate titans of today. ... (read more)

Affinity Gaming to restructure board of directors

29 July 2014
LAS VEGAS -- Casino operator Affinity Gaming will restructure the Las Vegas-based company’s board of directors and has resolved any default issues surrounding its debt. In a statement Monday, Affinity — which operates 11 casinos in four states including the off-Strip Silver Sevens Hotel & Casino and the ... (read more)

Online poker, World Cup bets highlight gaming jump

28 July 2014
LAS VEGAS -- How nice was June for Nevada casinos? Online poker revenue cracked the $1 million mark for the first time since the results have been publicly reported. Wagering on World Cup soccer accounted for the state’s highest-ever month in the “other sports” category of sports wagering, which included a 116.3 percent in increase in revenue. ... (read more)

Tough sell: Official markets Atlantic City

28 July 2014
Imagine the problems in trying to market Atlantic City to the world. One casino closed in January. Three of the remaining 11 resorts could be shuttered by September. Atlantic City gaming revenue fell to $2.8 billion in 2013, the Boardwalk’s lowest total since 1989. Almost daily, headlines concerning the ... (read more)

Dotty's taverns are simply complex

28 July 2014
LAS VEGAS -- The 160,000-square-foot North Las Vegas warehouse and headquarters of Nevada Restaurant Services, Inc. — parent company of the Dotty’s chain of taverns — is a cross between Costco, Home Depot, a slot machine manufacturing plant and a direct-mail house. Everything making up a Dotty’s — think a grandmother’s house with gambling devices — sits in the warehouse. ... (read more)

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