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Chris Sieroty Gaming Guru - Page 26Tribal project overseen by Station Casinos secures financing16 August 2012
LAS VEGAS -- The tribe building a Las Vegas-style casino in Northern California has secured $825 million needed to finance the project, according to Station Casinos, Inc., which oversees development, construction and management of the multimillion-dollar casino.
"We believe this is the largest amount of ... (read more)
Station Casinos posts $7.5 million second quarter profit15 August 2012
LAS VEGAS -- Stations Casinos, Inc. posted back-to-back quarterly profits on Tuesday as the local gaming company continues to benefit from increasing casino visitation resulting from its marketing efforts, including its "I Love Locals" campaign and Boarding Pass players club. The Las Vegas-based company earned $7.5 million in the second quarter. ... (read more)
Full House Resorts quarterly earnings disappoint analysts10 August 2012
LAS VEGAS -- Full House Resorts, Inc. on Thursday reported second-quarter earnings that fell short of analysts' expectations, as the company's results were affected by a weak economic recovery and increased competition.
The Las Vegas-based firm reported second-quarter earnings of $700,000, or 4 cents a ... (read more)
Cantor Gaming launches Wi-Fi sports wagering in Nevada10 August 2012
LAS VEGAS -- Cantor Gaming today will launch a Wi-Fi enabled sports betting service that allows gamblers to place a bet from anywhere in Nevada.
The Las Vegas-based company said the network doesn't require 3G or 4G location capabilities, allowing customers to use personal computers, laptops, tablets and smartphones to place a bet using any Wi-Fi network. ... (read more)
Global Cash Access snags Live Gamer deal, Gaming Control Board approval9 August 2012
LAS VEGAS -- Global Cash Access Holdings Inc. is moving into the social media and online gaming business with its partnership with Live Gamer, a move an analyst said Wednesday gives the Las Vegas-based company a significant competitive advantage in processing online payments.
The company said it signed ... (read more)
Rohnert Park casino opponents seek to block construction9 August 2012
LAS VEGAS -- The Federated Indians of Graton Rancheria continue to work with Station Casinos, Inc. to build a $443 million hotel-casino development in Northern California, even as opponents are trying a new approach to kill the project.
The new complaint challenges the legality of a 2003 revenue-sharing ... (read more)
Tropicana Las Vegas reports $5.9 million second-quarter loss8 August 2012
LAS VEGAS -- The Tropicana Las Vegas Tuesday reported a $5.9 million loss in the second quarter, less than a week after the hotel-casino named a new president and chief operating officer.
The Strip property, which will open a new nightclub, beach club and restaurants next month, said the quarterly loss was an improvement from the $9.4 million loss in the same period last year. ... (read more)
Contract deadline extended for parties to reach deal on horse racing1 August 2012
Nevada gaming commissioners hope a three-week cooling off period helps the state's Off-Track Pari-Mutuel Wagering Committee and Las Vegas Dissemination Co. reach a deal on a contract.
The LVDC, owned by John Gaughan, provides pari-mutuel wagering and horse racing simulcasts to sports books statewide. ... (read more)
California looking to legalize sports bets30 July 2012
If California lawmakers pass a controversial gambling measure now under consideration in Sacramento, the Golden State will join New Jersey in a bicoastal effort to overturn a 20-year-old partial federal ban on sports wagering.
The measure would legalize sports betting at licensed gaming establishments such as tribal casinos and racetracks, including those at Del Mar and Santa Anita. ... (read more)
William Hill posts double-digit earnings, revenue growth30 July 2012
William Hill Plc may be a new name in Nevada, but the company's success worldwide is clearly linked to its online and mobile gaming business, judging by its double-digit earnings growth for the year's first half. Net revenue increased by 11 percent compared with the same period last year to just less than ... (read more)
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