Featured Articles Archive - Page 151

Horsford firm to handle marketing efforts for MGM National Harbor

A firm headed by former Nevada Congressman Steven Horsford will oversee brand marketing efforts for the $1.3 billion MGM National Harbor development, a resort under construction near Washington, D.C.The contract was awarded to R&R Resources+ through its status as an independently owned Minority Business Enterprise...read more

Top 10 lessons learned from a five-day bike and poker trip

Last week, I took a five-day, four-night bicycle trip around Massachusetts and New Hampshire. On three of those nights, I stayed at friends' houses and played in their home poker games.It might sound like a strange idea to a lot of people, but for about a decade, I've dreamed about taking a cross-country bike trip and playing in home poker games along the way...read more

U.S. tribal casinos see fifth straight year of revenue increases

The U.S. Indian casino market recorded its fifth consecutive annual gaming revenue increase in fiscal year 2014, collecting more than $28.5 billion, according to figures released this week by the Washington, D.C.-based National Indian Gaming Commission."Overall, the Indian gaming industry remains stable," commission Chairman Jonodev Chaundhuri said of the 1.5 percent increase over fiscal 2013.The commission breaks out the revenue by seven regions, not individual states...read more

Investors show new love for regional casino markets

The Lake Charles, Louisiana casino market is the best example why the investment community has done a 180-degree turn on the U.S. gaming operators.Moody's Investors Service said the casino industry's cash flow prospects could climb as much as 4 percent over next 12 to 18 months...read more

Caesars spends $223 million to transform Strip resort into The Linq

This is the last name change for the former Imperial Palace and the short-lived Quad. That's what a $223 million renovation will buy.A top to bottom remodeling of The Linq Hotel & Casino was completed this month by Caesars Entertainment Corp., through its Caesars Growth Partners subsidiary...read more

Deal Me In: 'Loose slots' aren't necessarily a good bet

Dear Mark: In your recent article you told a reader that “there is no magic switch that's flipped from some secret location” to get more dough out of people. My question is this. Here in Reno, casinos talk and advertise about “we've loosened our slots,” or, we have “the loosest slots in town." Is this a myth? SteveAs I stated in that column, Steve, it is not cost effective for casinos to vary their payouts on slot machines when the circus comes to town...read more

Affactive, Revenue Jet affiliate programs shut down following owners' arrests

The Affactive and Revenue Jet affiliate programs shut down Thursday, following the arrests of two owners of the online casino groups.The GPWA has confirmed the link between the closing of the programs and the arrests of the owners through conversations with Affactive affiliate managers...read more

Penn National plans development program for the Tropicana

Regional casino operator Penn National Gaming said Thursday it will launch a development plan for the Tropicana Las Vegas that would take three to five years to implement.The company announced in April it was acquiring the Strip resort for $360 million and the transaction is expected to close by the end of the year...read more

State gaming regulators approve Golden Gaming-Lakes merger

State gaming regulators said Thursday they wished all mergers were this easy.Golden Gaming's $341 million combination with Minnesota-based Lakes Entertainment was approved Thursday by the Nevada Gaming Commission. The transaction, which was announced in January, is expected to be finalized by Aug...read more

Boyd keeping mum about REIT plans

The investment community knew the answer going into Boyd Gaming Corp.'s second-quarter earnings conference call.The casino operator wasn't providing additional commentary on a possible real estate investment trust or strategic corporate option...read more