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Chris Sieroty Gaming Guru - Page 30Aliante Station reports $1.1 million first quarter profit18 May 2012
Aliante Station resort reported a first-quarter profit on Tuesday, which the property in North Las Vegas attributed to the success of its current marketing programs. The property, which was turned over to creditors as part of the Station Casinos Inc. bankruptcy last year, said it earned $1.18 million, compared with a loss of $7.16 million in the first quarter of 2011. ... (read more)
Boyd Gaming to buy Peninsula Gaming for $1.45 billion18 May 2012
Boyd Gaming will spend $1.45 billion to acquire the assets of Peninsula Gaming, giving the Las Vegas-based company a presence in Kansas, Iowa and a significant expansion in Louisiana, the company announced Wednesday. The deal is expected to close by year's end. Boyd Gaming, which now owns and operates 17 ... (read more)
Station Casinos net revenues jump 8.4 percent18 May 2012
Bolstered by improving economic conditions and consumer spending in Southern Nevada, Station Casinos on Tuesday reported its best operating quarter in more than three years as the company earned $6.8 million on revenues of $318.2 million.
The Las Vegas-based locals casino company said net revenues were up 8.4 percent from $293.4 million in the first quarter last year. ... (read more)
Nevada gaming revenues down nearly 11 percent in March11 May 2012
Nevada gambling revenues totaled $854.5 million in March, a 10.8 percent decline compared with the same month last year. The double-digit decline in revenue was preceded by two months of modest gains.
The state posted revenue increases of 5.7 percent in February and 18.4 percent in January, according to figures compiled by Nevada gaming regulators. ... (read more)
The Cosmopolitan posts smaller first-quarter loss11 May 2012
The Cosmopolitan of Las Vegas has reported a smaller first-quarter loss, but nongaming revenue at the luxury Strip resort continues to outpace gaming revenue. The Cosmopolitan lost $23.4 million in the first quarter of 2012, compared with $56.8 million last year, when the resort was in its first quarter of operations. ... (read more)
Full House Resorts posts $25.8 million profit10 May 2012
Full House Resorts, Inc. on Wednesday posted first-quarter net income of $25.8 million, or $1.38 per share, compared with net income of $1.6 million, or 9 cents a share, for the same period a year ago.
The Las Vegas-based company, which develops, manages and owns casinos, attributed a majority of its ... (read more)
Nevada gaming regulator to outsource testing10 May 2012
The Nevada State Gaming Control Board on July 1 will begin outsourcing preapproval testing for all gambling devices and associated cashless wagering systems licensed for use by casinos in the Silver State, the agency said in a statement. The regulator said that its Gaming Control Board Technology Division ... (read more)
Nevada, U.S. casinos slowly recovering from recession10 May 2012
The U.S. casino industry continued to show a modest recovery from the recession in 2011 as gaming revenues increased 3 percent nationwide, but downtown Las Vegas and Reno continued their slide down the list of the nation's top gaming markets.
The American Gaming Association's 2012 edition of the "State ... (read more)
Wynn Resorts suspends plans for $1 billion Foxborough casino8 May 2012
Wynn Resorts Ltd. announced Tuesday that it is suspending plans to build a $1 billion resort and casino adjacent to Gillette Stadium in Foxborough, Mass, in the wake of the election of two anti-gaming candidates to the town council.
"For the past six month, Wynn Resorts has sought to communicate the ... (read more)
Full House Resorts secures $75 million in casino financing4 May 2012
Full House Resorts, Inc. said Thursday it would release first quarter earnings next week, as the company gets closer to completing its purchase of the Silver Slipper Casino in Mississippi, after securing $75 million in financing. The Las Vegas-based company, which develops and manages casinos, said it would release its quarterly financial results on Wednesday. ... (read more)
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