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Featured Articles Archive - Page 147
Articles by Howard Stutz
![]() Inside Gaming: Even after death, Kerkorian's legacy through Tracinda will wield influence1 July 2015 At some point, the estate of Kirk Kerkorian will no longer have ownership in MGM Resorts International.But disposing of more than 91.2 million shares in the casino giant won’t happen overnight.Kerkorian, who died June 16 at age 98, left instructions that Tracinda Corp...read moreArticles by Howard Stutz
![]() Boyd Gaming announces $45 million expansion at Delta Downs1 July 2015 Boyd Gaming Corp. said Tuesday it will spend $45 million to add a hotel tower and other amenities to its western Louisiana race track casino.The company said in a statement it hopes to complete the project in 2016 that will add 167 hotel rooms to the Delta Downs Racetrack Casino & Hotel in Vinton.I...read moreArticles by Howard Stutz
![]() Caesars Entertainment Operating Co. sees net revenue of $53 million for May30 June 2015 Caesars Entertainment Corp. said its bankrupt operating division had a net income of $53 million in April, according to a securities filing.The division, Caesars Entertainment Operating Co., said its total revenue during the month was $327.8 million, including $239.1 million in casino revenue...read moreArticles by Howard Stutz
![]() Z Capital raises offer for Affinity Gaming30 June 2015 Illinois-based investment group Z Capital, which has twice failed to acquire casino operator Affinity Gaming, has made another cash offer to purchase the Las Vegas-based company.In a letter filed Monday with the Securities and Exchange Commission, Z Capital CEO James Zenni said he would pay $11.50 per share to acquire all outstanding shares in Affinity, which operates 11 casinos in four states, including the off-Strip Silver Sevens Hotel & Casino and the three Primm Resorts.Z Capital already controls 40.5 percent of Affinity, which is not publicly traded but has publicly held debt.Affinity turned down an offer of $9.75 per share in May from Z Capital, saying the price “significantly undervalues” the company...read moreTop 10 quotes from Nolan Dalla's WSOP reports29 June 2015 Nolan Dalla is the hardest-working man in poker. The World Series of Poker media director wears a multitude of hats during the annual summer series, from running post-tournament interview sessions, to scheduling dinner meetings with poker media, players and others, to fielding random questions from fans and spectators whom he has never met before...read moreArticles by Howard Stutz
![]() Nevada gaming revenues hit $1 billion in May29 June 2015 Who needs baccarat?Gaming revenue statewide topped the $1 billion mark in May — Nevada’s first billion-dollar month since December 2013 — thanks to regular table game players and slot machine customers attracted to the Strip by a slew of special events during the month.Statewide, casinos collected $1.003 billion from gamblers, a 3.3 percent increase over May 2014...read moreArticles by Howard Stutz
![]() Details emerge for Alon Las Vegas project29 June 2015 Nearly a year after a partnership acquired a long-dormant 35-acre site on the Strip, preliminary details emerged this week concerning Alon Las Vegas, a hotel-casino project led by Australian billionaire James Packer and former Wynn Resorts executive Andrew Pascal.Alon Leisure Management, LLC, which includes investment firm Oaktree Capital, filed paperwork with Clark County seeking the various land entitlements and permits for the site, which once housed the New Frontier Hotel and Casino.Pascal, the former president of Wynn Las Vegas, said in an interview Thursday the partnership has been putting together the operations team and spent the past 11 months “maturing the plan” for the hotel-casino.He was somewhat upset that plans leaked out before the partnership was ready to unveil the development.For now, all Pascal will say is the hotel will have 1,100 rooms over two towers “and will provide a full complement of integrated resort offerings.” He would not release any additional details or a cost for developing the hotel-casino.“We are building a team of seasoned industry operators, entrepreneurs and global designers who bring a fresh, new approach to what we think the future of Las Vegas should be,” Pascal said.In October, former SLS Las Vegas Hotel & Casino President Rob Osleand left the Strip resort and announced he was joining Pascal’s project.“Rob and I have worked together for over 25 years,” Pascal said...read moreArticles by Howard Stutz
![]() Inside Gaming: Will multiplayer tables save the slots industry?29 June 2015 Tables resembling giant smartphones have grown so popular inside The Mirage, Bellagio and MGM Grand Las Vegas that content providers are clamoring to put their free-to-play gambling products on the devices.Recently, Reno-based Spin Games added its slot machine, video poker and bingo games to the tables, which already offer blackjack and slot machine titles provided by the myVegas social casino application.MGM Resorts International views the tables — which were manufactured by an Australian company — as a way for its customers to test-drive gaming’s future.However, it may be a year before real money can be wagered on the multiplayer tables.“This is one more step in our strategic initiatives that will revolutionize how Generation X and Y experience our properties,” said Tom Mikulich, MGM Resorts’ senior vice president of business development...read moreDeal Me In: About those resort fees ...26 June 2015 Dear Mark: I would like to take exception to your column last week as regards to resort fees. I manage the pool at a Las Vegas casino, and I can tell you that today’s pool setting is not your Motel 6, let alone a casino hotel of 15 years ago...read moreArticles by Howard Stutz
![]() Herbst family to take over Searchlight Nugget next week26 June 2015 Herbst family-owned JETT Gaming will take over the Searchlight Nugget Casino next week after the Nevada Gaming Commission Thursday signed off on the purchase of the historic gaming site in tiny Searchlight.JETT Gaming executive Tim Herbst told gaming commissioners the casino, which is being acquired for an undisclosed price from the Doing family, could be revived.“I think we can do something with it,” said Herbst, whose company also operates Terrible’s Searchlight that is 300 yards from the Nugget.The goal, he said, is to add amenities to the Nugget to give travelers a reason to stop in Searchlight, which is 60 miles south of Las Vegas.“We want to bring people up from Cottonwood Cove,” Herbst said...read more |
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