Featured Articles Archive - Page 121

Station Casinos has strong third quarter, but won't discuss pending IPO

Those hoping to hear a little more color on Station Casinos planned $100 million initial public offering Thursday were sorely disappointed.At the outset of the company's third quarter conference call with analysts and investors, Chief Financial Officer Marc Falcone said any conversation surrounding the IPO, such as a launch date of the number of shares the casino will place on the market, was off the table."We are currently in the quiet period with respect to the offering and will not be commenting further about the IPO," Falcone said.As such, not one question was asked by analysts or investors on the conference call, which lasted less than 15 minutes.Talk of the IPO, which would return to the locals gaming giant to the stock for going private in 2008, first surfaced during February's quarterly earnings call...read more

2015 WSOP Main Event November Nine Profile: Pierre Neuville

The Pierre Neuville File Age: 72Hometown: Knokke-Heist, BelgiumPosition: 4thChip Count: 21,075,000Career WSOP Cashes: 19 Pierre Neuville was lying on his back on an operating table back in 2007, contemplating mortality, when he made a promise to himself...read more

2015 WSOP Main Event November Nine Profile: Pierre Neuville

The Pierre Neuville File Age: 72Hometown: Knokke-Heist, BelgiumPosition: 4thChip Count: 21,075,000Career WSOP Cashes: 19 Pierre Neuville was lying on his back on an operating table back in 2007, contemplating mortality, when he made a promise to himself...read more

2015 WSOP Main Event November Nine Profile: Pierre Neuville

The Pierre Neuville File Age: 72Hometown: Knokke-Heist, BelgiumPosition: 4thChip Count: 21,075,000Career WSOP Cashes: 19 Pierre Neuville was lying on his back on an operating table back in 2007, contemplating mortality, when he made a promise to himself...read more

2015 WSOP Main Event November Nine Profile: Pierre Neuville

The Pierre Neuville File Age: 72Hometown: Knokke-Heist, BelgiumPosition: 4thChip Count: 21,075,000Career WSOP Cashes: 19 Pierre Neuville was lying on his back on an operating table back in 2007, contemplating mortality, when he made a promise to himself...read more

Dan's DFS picks for NFL Week 9

So close, but so very, very far away.I had a decent week in the DraftKings Millionaire Maker in Week 8, but my picks came up just a tad bit short. I was 11 points away from a cash, but there were still a whopping 54,000 entries between me and the first player to min-cash.Yeah, these DFS guaranteed prize pool (GPP) tournaments are tough.But we're back on the grind again this week, and we're taking somewhat of a new strategy...read more

Pinnacle to move stock listing to NASDAQ

Regional casino operator Pinnacle Entertainment said Wednesday it will move its stock listing from the New York Stock Exchange to the NASDAQ on Nov. 17.The Las Vegas-based company did not provide a reason for the switch. Pinnacle will continue to trade on the New York market until the change and the company's stock symbol will continue to be PNK.Pinnacle is in the process of selling the real estate and buildings of its 14 casinos to Gaming and Leisure Partners in a $4.75 billion transaction...read more

Caesars' bankrupt operating division makes $29.4 million in September

The casinos managed by Caesars Entertainment Corp.'s bankrupt operating division reported a net profit of $29.4 million in September, the casino company said in securities filing Wednesday.Caesars Entertainment Operating Co., which filed for Chapter 11 bankruptcy reorganization in January, is required to file monthly financial reports covering the division's nearly two dozen casinos...read more

Nazarian gets temporary OK to sell stake in SLS Las Vegas

Nevada gaming regulators granted temporary approval Wednesday for SLS Las Vegas visionary Sam Nazarian to sell his company's 10% stake in the Strip resort to majority owner Stockbridge Capital Partners.Nazarian, who was granted a one-year limited gaming license last December for the SLS but wasn't allowed to have any involvement in the resort's operations, appeared at the Gaming Control Board hearing in Las Vegas, flanked by his attorney, former Gaming Commission Chairman Peter Bernhard.Nazarian, CEO of Los Angeles-based SBE Entertainment, made just a few brief remarks to the gaming regulators, thanking the panel "for giving me a chance" last year after two contentious regulatory hearings."More importantly, I heard your message," Nazarian said.The panel also allowed Nazarian to withdraw his application for a key employee gaming license he had filed for the SLS Las Vegas.Control Board Chairman A.G...read more

Golden Gate majority owner to acquire remaining 35%

Golden Gate Hotel & Casino majority owner Derek Stevens was approved Wednesday to acquire the remaining 35 percent of the downtown Las Vegas landmark from Mark Brandenburg, whose family founded the casino.Stevens told the Gaming Control Board the deal was a transfer of interest and didn't disclose a sales price...read more

Golden Entertainment reports profit in first quarter as public company

Las Vegas-based Golden Entertainment, in its first two months as a public company, hopes its initial quarterly results foreshadowed the business's potential for investors.The company — the result of a $341 million merger between Lakes Entertainment and Golden Gaming — said Wednesday its net income for the third quarter was $3 million, or 16 cents per share...read more

Inside Gaming: East Fremont development helps downtown casinos boom

Downtown Las Vegas is outshining the Strip.Through September, downtown casinos have seen gaming revenue increase almost 6% compared to 2014. During those same nine months, the Strip is down 1.5%.Boyd Gaming Corp., the only downtown casino operator that publicly reports financial results, said last month its casino-hotels produced three consecutive quarters of revenue growth and five straight quarters of cash flow increases."Each our three downtown properties (Main Street Station Casino Brewery and Hotel, Fremont Hotel & Casino and California Hotel & Casino) generated (cash flow) gains of 20% or more," said Boyd Gaming CEO Keith Smith.Wells Fargo Securities gaming analyst Cameron McKnight told investors downtown Las Vegas "is one of the fastest growing (casino) markets in the U.S...read more