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Chris Sieroty Gaming Guru - Page 36Indian casinos adding Vegas-style features5 December 2011
LAS VEGAS, Nevada -- Casinos on American Indian reservations have blossomed into a $26 billion-a-year industry scattered across the nation. And, as they've grown in number and revenue, they've also added resort-level amenities. Although tribal gaming has matured since the mid-1970s, when tribes in Florida ... (read more)
Wynn in talks with Patriots owner about Mass. casino5 December 2011
FOXBORO, Massachusetts -- Steve Wynn, one of Nevada's most successful casino owners and operators, is in negotiations with New England Patriots owner Robert Kraft to build a $1 billion casino adjacent to Gillette Stadium.
The resort-casino on 200 acres would be part of a larger complex that would ... (read more)
Cantor Gaming to build, operate Palms sportsbook30 November 2011
LAS VEGAS, Nevada -- Cantor Gaming is set to place its eighth multimillion-dollar wager on Las Vegas. The privately held division of the Wall Street firm Cantor Fitzgerald on Tuesday announced it had reached agreement with The Palms Casino Resort to operate the resort's race and sports book. Under the ... (read more)
Las Vegas Hilton to have new name next year28 November 2011
LAS VEGAS, Nevada -- The Las Vegas Hilton will have a new name next year. Known as the International Hotel when it first opened in 1969, the historic hotel changed its name to the Las Vegas Hilton in 1971. On Jan. 3, the hotel will be known as the LVH-Las Vegas Hotel & Casino, according to its owner Colony Resorts LVH Acquisitions LLC. ... (read more)
Nevada Gaming Commission approves new Palms owners18 November 2011
LAS VEGAS, Nevada -- The Nevada Gaming Commission on Thursday unanimously approved the licensing of Leonard Green & Partners L.P. and TPG Capital as new owners of The Palms Casino Resort. Under the deal Leonard Green and TPG will own 98 percent of the Las Vegas celebrity hangout through a company called FP Holdings L.P. ... (read more)
Nevada regulators recommend sale of Palms majority stake3 November 2011
LAS VEGAS, Nevada -- The state Gaming Control Board on Wednesday unanimously recommended the sale of a majority stake in The Palms Casino Resort to Leonard Green & Partners L.P. and TPG Capital, as owner George Maloof nears completion of a restructuring that will reduce the property's debt. Leonard Green and TPG have already purchased the property's $459 million outstanding loan. ... (read more)
Venetian unveils $30 million sportsbook renovation2 November 2011
LAS VEGAS, Nevada -- Cantor Gaming on Tuesday debuted its latest race and sports book in Las Vegas, a three-month, multimillion-dollar renovation of the previous facility at The Venetian Resort-Hotel-Casino. The new sports book features a 100-foot-long, high-definition 4-millimeter black video screen, one of the world's largest. ... (read more)
William Hill betting big on Las Vegas31 October 2011
LAS VEGAS, Nevada -- British bookmaker William Hill PLC has bet more than $53 million on the U.S. market, buying three Nevada sports betting companies in the last year. A bet William Hill expects to cash in by the end of the second quarter of 2012. "Initial reviews of the business have been undertaken and ... (read more)
Macau helps boost Wynn earnings20 October 2011
LAS VEGAS, Nevada -- Wynn Resorts Ltd, owner of Wynn Las Vegas, Encore Resort and properties in Macau, continued to benefit from its resorts in the Chinese territory. A 41.7 percent increase in revenues at Wynn Macau helped return the company to profitability in the third quarter. Wynn Resorts on Wednesday ... (read more)
G2E a hit despite uncertain economy18 October 2011
LAS VEGAS, Nevada -- Although you might think a trade show dedicated to the gaming industry might not be the most well-attended event after three years of recession, organizers of this year's Global Gaming Expo, G2E, would beg to differ.
Held Oct. 3-6 at the Sands Expo and Convention Center, the world's ... (read more)
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