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Chris Sieroty Gaming Guru - Page 14Okada-Wynn feud escalates with release of new report22 April 2013
Allegations of misconduct used by Wynn Resorts Ltd. to oust a Japanese billionaire as a majority shareholder were based on a “deeply flawed” investigation that selectively used information to build a biased case, former Homeland Security chief Michael Chertoff said in 45-page report released Monday. ... (read more)
William Hill spends $649 million to buy out Playtech's stake in William Hill Online16 April 2013
William Hill plc said Monday that it has completed its $649 million acquisition of the 29 percent stake in William Hill Online held by gaming software firm Playtech Ltd. Playtech also will receive its share of profits in William Hill Online that have accrued since Jan. 1, an amount to be disclosed at a later date. ... (read more)
Bikini Bar owner surrenders Nevada gaming license over bar sale10 April 2013
LAS VEGAS -- Lonny J. Campos has agreed to surrender his state gaming license and pay a $5,000 fine related to the sale of his Bikini Bar, which operates with a restricted gaming license, according to a settlement reached with the Nevada Gaming Control Board. The complaint said Campos agreed to sell his ... (read more)
Palms displays $50 million in upgrades8 April 2013
LAS VEGAS -- Joseph Magliarditi is confident the $50 million invested in upgrades to The Palms Casino Resort is money well-spent. After more than a decade of successfully luring thousands of 20- and 30-somethings and locals to the off-Strip property with its popular Ditch Friday parties and The Real World suite, the Palms needed to change its look. ... (read more)
Cosmopolitan posts $106.5 million loss in 20121 April 2013
LAS VEGAS -- The Cosmopolitan of Las Vegas posted a net loss for the year as the luxury resort continues to attract customers to its restaurants, clubs and retail shops but still struggles to produce strong casino revenues. The Strip hotel-casino on Friday reported that it posted a net loss of $106.5 million for 2012, up from the $96.9 million net loss posted in 2011. ... (read more)
Caesars schedules three open houses to see model of East Boston casino1 April 2013
In an effort to garner support for their proposed $1 billion resort casino, Caesars Entertainment Corp. and their partner, Suffolk Downs, have scheduled a series of open houses for residents of East Boston and Revere. The open houses, which will be April 10, 11 and 13 at the East Boston racetrack, were announced shortly after Wynn Resorts Ltd. ... (read more)
Marc Schorr to retire as chief operating officer of Wynn Resorts1 April 2013
LAS VEGAS -- Marc Schorr, chief operating officer of Wynn Resorts, Limited, will retire effective June 1, the Las Vegas-based gaming company announced Thursday in a filing with the Securities and Exchange Commission. Schorr, 65, also will step down from Wynn Resorts’ board of directors. Schorr’s total ... (read more)
Wynn Resorts unveils Wynn Everett resort in Boston28 March 2013
Wynn Resorts, Limited on Wednesday unveiled plans for Wynn Everett, a roughly $1.5 billion resort it hopes to build next to the Mystic River in Massachusetts, as the Las Vegas-based gaming company looks to capture the sole Boston-area casino license. Wynn Resorts said Chairman and CEO Steve Wynn did not attend the event. ... (read more)
Galaxy Gaming receives approval to do business in Maryland28 March 2013
LAS VEGAS -- Galaxy Gaming Inc., a Las Vegas-based developer and manufacturer of casino products, has received approval from the Maryland Lottery and Gaming Control Agency to do business in the state. “Recent legislation now allows live table games in Maryland, which makes this a very attractive market for us,” Dean Barnett, regional sales manager for Galaxy Gaming, said Wednesday. ... (read more)
Bally Technologies signs tribal gaming deal; Olson-Reyes honored28 March 2013
LAS VEGAS -- Bally Technologies, Inc. has signed a deal to provide its iGaming platform and mobile platform to the Confederated Tribes of the Colville Reservation. The tribe operates three casinos in Washington – Mill Bay, Okanogan Bingo and Coulee Dam. Terms of the deal were not disclosed Wednesday. ... (read more)
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