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Chris Sieroty Gaming Guru - Page 17Nevada casinos collect $10.8 billion in 201211 February 2013
LAS VEGAS -- Nevada's casino industry posted its third straight annual gaming revenue increase in 2012 as the industry continues its modest recovery amid a sluggish economy. Analysts noted the results were helped by high-end baccarat play, the game that has bolstered the industry's bottom line since Las Vegas companies began doing business in Macau in 2004. ... (read more)
Despite modest U.S. loss, William Hill to report $519.6 million in profits30 January 2013
Despite its U.S. operations posting a "modest" loss, William Hill plc expects net revenue for 2012 to be 12 percent higher than in 2011. The British bookmaker is expected to release its official fourth-quarter and full-year earnings on March 1. William Hill said Tuesday its 2012 performance had been ... (read more)
Job applicants dive head-first into pool season29 January 2013
LAS VEGAS -- Although we're only a month into the new year, most Las Vegas resorts and clubs are looking to hire hundreds of pool greeters, mixologists, and food and beverage servers for the seven months that is pool season on the Strip. For some people, that means returning to the same ... (read more)
Regulators OK $1 million fine to settle drug, prostitution complaint against Palms26 January 2013
LAS VEGAS -- The Nevada State Gaming Control Board Gaming Commission signed off Thursday on a $1 million fine against The Palms Casino Resort to settle a complaint issued by the state's Gaming Control Board resulting from an investigation that discovered rampant drug sales and prostitution at clubs on the property. ... (read more)
Are fantasy sports websites taking a gamble with their marketing?23 January 2013
LAS VEGAS -- It's a question that most attendees of the Fantasy Sports Trade Association Winter Conference in Las Vegas didn't want to answer: Are some fantasy websites walking a thin line between gambling and fantasy sports when it comes to marketing their websites? The question pertains to a new and ... (read more)
Cirque du Soleil announces 400 layoffs17 January 2013
Cirque du Soleil, which operates seven shows in Las Vegas, announced it will lay off about 400 employees, or 9 percent of its staff, over the next three months, with the first round of job cuts happening before the end of the month. Cirque spokeswoman Renee-Claude Menard said Wednesday that almost 50 percent of the cuts will take place at the company's Montreal headquarters. ... (read more)
Simple reality: Fantasy sports grow from small pastime to big business16 January 2013
The number of Americans playing fantasy sports has grown by 2 million annually for the past two decades, transforming what was once the pastime of a few devoted baseball fans into a lucrative business, generating more than $3 billion annually in total revenues, according to an industry analyst. "We're very ... (read more)
Palms to pay $1 million fine to settle drug, prostitution complaint14 January 2013
LAS VEGAS -- The parent company of the The Palms Casino Resort has agreed to pay a $1 million fine to settle a 17-count complaint by the Nevada Gaming Control Board resulting from a failure to prevent illegal activity, including drug sales and prostitution, at clubs on the property. FP Holdings L.P. ... (read more)
Steve Wynn plans $1 billion hotel in Massachusetts14 January 2013
As Wynn Resorts, Limited Chairman and CEO Steve Wynn confirms his intentions to build a $1 billion hotel-casino in Massachusetts, a key issue ahead will be obtaining local approval, a Las Vegas-based gaming industry analyst said Friday. "To that end, there have been press reports in recent weeks suggesting ... (read more)
Fahrenkopf to step down in June at American Gaming Association8 January 2013
Frank Fahrenkopf, a Reno native and former chairman of the Republican National Committee, said Monday he will step down as president and chief executive of the American Gaming Association. Fahrenkopf, 73, has led the Washington-based gaming industry lobbying group since it was formed in 1995. His resignation takes effect June 30. ... (read more)
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