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Chris Sieroty Gaming Guru - Page 44Nevada may allow wagering on events other than sports11 February 2011
LAS VEGAS, Nevada -- About this time of year, movie fans often argue about which movie they think is the best.
But next year, they may be able to put their money where their mouths are.
Nevada regulators recently overturned the rules restricting wagering on non sporting events, paving the way for ... (read more)
Vegas hoping for economic touchdown from Super Bowl4 February 2011
LAS VEGAS, Nevada -- For Chuck Esposito, host of the race and sports book at The Venetian and the Palazzo, Super Bowl Sunday is by far the busiest day of the year as hundreds of football fans take over the sports book to wager and watch the big game. "We'll even have guests camping out early in the morning ... (read more)
Vegas Hard Rock files lawsuit to halt foreclosure4 February 2011
LAS VEGAS, Nevada -- The Hard Rock Hotel in Las Vegas claims a company trying to foreclose on the struggling hotel has no right to do so and is trying to gain an advantage over other investors, according to a lawsuit filed in New York Supreme Court. In the 825-page lawsuit filed on Tuesday against an entity created by NorthStar Realty Finance Corp. ... (read more)
Vegas Hard Rock receives forclosure notice2 February 2011
LAS VEGAS, Nevada -- Less than a year after completing a $750 million renovation and expansion, a group of lenders has filed a notice of foreclosure against the struggling Hard Rock Hotel. The notice means the lending group, NRFC HRH Holdings LLC, has the option to acquire the hotel-casino or sell its interest in the property to the highest bidder in a public auction scheduled for Monday. ... (read more)
PKR, Sportingbet members of new U.S. lobbying group1 February 2011
LAS VEGAS, Nevada -- United Kingdom online gaming websites PKR and Sportingbet are among the founding members of a new trade association that will advocate for the legalization and regulation of online gaming in the United States. The companies along with Secured American Games were the first to pledge financial and technical support for the newly created U.S. ... (read more)
IGT to supply software, games for Michigan casino1 February 2011
WAYLAND, Michigan -- International Game Technology has signed an agreement with Gun Lake Casino and its management partner Station Casinos Inc. to install its casino management software and a majority share of the games on the casino floor. Terms of the deal were not disclosed. The $157 million Gun Lake Casino in Wayland, Mich., is scheduled to open on Feb. ... (read more)
Sportsbooks could take major hit with potential NFL stoppage31 January 2011
LAS VEGAS, Nevada -- With National Football League owners threatening to lock out players next season if a new collective bargaining agreement isn't reached by a March deadline, sports books in Las Vegas are bracing for a financial hit. Those who run an industry that generates $2.5 billion annually in Nevada are still debating the size of that potential loss. ... (read more)
MGM Resorts expected to report fourth quarter loss27 January 2011
LAS VEGAS, Nevada -- MGM Resorts International is expected to report a loss for the fourth quarter and fiscal year 2010, according to analysts surveyed by Yahoo Finance.
The analysts expect Las Vegas Sands Corp. to report earnings of 38 cents per share for the fourth quarter and earnings of 98 cents per share for the year. ... (read more)
Tribal casino deals continue to thrive26 January 2011
LAS VEGAS, Nevada -- Native American gaming operations have not been without controversy, from lawsuits questioning property transfers by the federal government to community opposition to resorts being built off tribal land. Despite the challenges, MGM Resorts International, Station Casinos Inc. and Caesars Entertainment Inc. ... (read more)
Casinos warned to restrict player card information access19 January 2011
LAS VEGAS, Nevada -- Casino companies may not be the only ones keeping track of how many points you have on your player card.
The cards represent a growing number of fraud cases in Las Vegas, as hackers target the popular programs and casinos' customer databases in an effort to gain access to customers' personal information or steal points, gaming regulators and security analysts said. ... (read more)
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