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Chris Sieroty Gaming Guru - Page 5U.S. Supreme Court is last option in New Jersey sports betting case19 November 2013
After another legal setback, New Jersey Gov. Chris Christie has one option left in his ongoing battle to legalize sports betting at casinos and racetracks in his state — the U.S. Supreme Court. But at least one Las Vegas-based gaming analyst is unsure the Supreme Court will even consider the case. The U.S. ... (read more)
Casino opponents seek to block Wynn Resorts, other proposed casino projects18 November 2013
An organization of casino opponents will take to the streets statewide this weekend in Massachusetts trying to gather enough signatures to place a referendum on the ballot next year to repeal the state’s gambling law. “As I see it this is an 11th hour move, bottom line gambling is here,” Everett City Councilor and Wynn Resorts supporter Michael McLaughlin said in a statement Friday. ... (read more)
To live like Steve Wynn will cost you $43,750 a month15 November 2013
LAS VEGAS -- For most people – especially those who live in Las Vegas – the average monthly rent is $1,000. But Steve Wynn isn’t your average renter and a typical two-bedroom, two-bath apartment on West Flamingo Road near Hualapai Way really isn’t his style. Wynn, chairman and CEO of Wynn Resorts, Limited, calls three fairway villas at Wynn Las Vegas home. ... (read more)
Las Vegas-based company gets OK from New Jersey gaming regulators15 November 2013
LAS VEGAS -- The New Jersey Division of Gaming Enforcement has approved GeoComply Ltd’s application to be licensed as an ancillary casino service industry enterprise, which means the Las Vegas-based company is allowed to offer its geo-location services to the state’s Internet gaming market. As of Thursday, ... (read more)
Red Mercury Entertainment to operate Riviera's showrooms14 November 2013
LAS VEGAS -- The Riviera said Wednesday it has entered into a management agreement with Red Mercury Entertainment to have the firm operate new shows within the Strip casino’s showrooms and entertainment venues. Terms of the deal were not disclosed. Based in Las Vegas, Red Mercury will oversee operations in ... (read more)
Station Casinos sees rise in revenues but records net loss13 November 2013
LAS VEGAS -- Station Casinos, Inc., the largest local casino company in Southern Nevada, reported a net loss of $4.7 million for the third quarter, compared with a $7.8 million profit for the same period last year, according to a quarterly earnings report released Tuesday. Despite the company’s quarterly ... (read more)
William Hill makes Hillary Clinton 2-to-1 favorite for White House in 201612 November 2013
The American presidential election may be three years away, but that isn’t stopping gamblers from placing wagers on who will succeed President Barack Obama in the White House. William Hill Sportsbook & Racebook said Monday that a customer in London placed a $2,400 bet with 5-2 odds on former Secretary of State Hillary Clinton to succeed Obama as president in 2016. ... (read more)
Wynn Resorts kills Philadelphia casino project12 November 2013
LAS VEGAS -- For the second time in three years, Wynn Resorts, Limited has withdrawn its application for a casino license in Philadelphia. The Las Vegas-based gaming company issued a statement Monday saying it would pursue business opportunities elsewhere. “The Wynn Resorts board of directors recently met ... (read more)
Cosmopolitan quarterly loss narrows; casino revenues jump 96.7 percent11 November 2013
LAS VEGAS -- The Cosmopolitan of Las Vegas reported a third-quarter loss Friday, but the Strip resort continues to inch toward profitability as casino revenues almost doubled year-over-year. The $3.9 billion Strip resort said it lost $19.4 million in the three months ended Sept. 30, compared with a loss of $34.3 million in the same period a year earlier. ... (read more)
Wynn Resorts announces $3 dividend, raises quarterly payout 25 percent7 November 2013
LAS VEGAS -- The Wynn Resorts, Limited board of directors has approved a $3 dividend to be paid on Dec. 6 to shareholders of record on Nov. 20, the gaming company announced Tuesday after the stock markets closed. In addition, the Las Vegas-based company announced a 25 percent increase in its regular quarterly dividend next year, from $1 per share to $1.25 per share. ... (read more)
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