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Arnold M. Knightly Gaming Guru - Page 10Palms pays fines, prizes for two poker tournaments12 November 2009
LAS VEGAS, Nevada -- The Palms has agreed to pay a $75,000 fine to the Nevada Gaming Commission for not properly overseeing a pair of poker tournaments held by third-party organizers who did not register with state gaming regulators in late 2007.
The resort will pay another $25,000 to the state Gaming ... (read more)
Hard Rock, parent of Riviera post losses10 November 2009
LAS VEGAS, Nevada -- The Riviera's parent company and the Hard Rock Hotel on Monday both posted losses for the third quarter as Las Vegas continues to struggle with decreased customer spending and visitor numbers.
The Hard Rock, however, posted its first increase in revenues in seven quarters thanks to ... (read more)
Deutsche Bank affiliate files for casino license4 November 2009
LAS VEGAS, Nevada -- An affiliate of Deutsche Bank has filed for a casino license as the 100 percent owner of the Cosmopolitan, the Gaming Control Board confirmed Tuesday.
Deutsche Bank, however, declined to comment on the application, which was filed last month.
The bank would not comment on whether ... (read more)
Dealers group asks Nevada about tip rules2 November 2009
LAS VEGAS, Nevada -- A dealer's advocacy group is asking state gaming regulators if the Wynn Las Vegas tip-pooling policy is breaking any state gaming regulations.
The International Union of Gaming Employees on Sept. 23 filed a complaint with the state Gaming Control Board, claiming the gaming company is ... (read more)
Herbst Gaming reorganization plan gets OK2 November 2009
LAS VEGAS, Nevada -- Herbst Gaming is positioned to become the first Nevada casino company to emerge from bankruptcy.
The casino and slot route operator company Friday won court approval of a reorganization plan that will hand the company to its secured lenders, leaving nothing for noteholders owed $363 ... (read more)
Bally meets analysts' expectations30 October 2009
Bally meets analysts' expectations
Bally Technologies showed a slight increase in earnings even as revenues dropped by double digits.
LAS VEGAS, Nevada -- Bally Technologies met analysts' expectations in its first quarter, showing a slight increase in earnings even as revenues dropped by double ... (read more)
Harrah's hires former Disney exec20 October 2009
LAS VEGAS, Nevada -- Harrah's Entertainment has tapped a former Walt Disney Co. executive as the gaming company's newest senior executive.
Former Disney executive Peter E. Murphy is joining the operator's senior management team as president of strategy and development, Harrah's announced Monday.
He had ... (read more)
Harrah's joins Slovakia venture14 October 2009
LAS VEGAS, Nevada -- Harrah's Entertainment has attached its name to another international dream project.
The world's largest casino company by revenue announced Tuesday its involvement with Metropolis, a $2.2 billion resort project planned for Slovakia in Central Europe.
Development plans call for a ... (read more)
IGT to take $77 million in non-cash charges14 October 2009
LAS VEGAS, Nevada -- Slot machine giant International Game Technology said Wednesday that it would take several fourth-quarter non-cash charges of about $77 million when the Reno-based company announces earnings Nov. 5.
The announcement is seen as a way to lessen the impact on the company's stock price ... (read more)
Decision waits in Wynn tip case9 October 2009
LAS VEGAS, Nevada -- State Labor Commissioner Michael Tanchek on Thursday said he doesn't expect to issue a decision on whether Wynn Las Vegas' tip-pooling policy is legal until early next year.
Tanchek completed a hearing that began in July and included approximately 55 hours of testimony ... (read more)
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