![]() Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Our Strategy Experts
Gaming News
Casino City Times has the latest International Gaming News.
|
Featured Articles Archive - Page 164
Articles by Howard Stutz
![]() Sands taps executive from Bahamas to oversee Strip resorts16 March 2015 LAS VEGAS -- Las Vegas Sands Corp. reached into the Bahamas for the person to oversee the company’s Strip resorts.The company recently named George Markantonis as president and chief operation officer of The Venetian Resort-Hotel-Casino, The Palazzo Resort Hotel Casino and Sands Expo & Convention Center.Markantonis most recently served as the president and managing director of Brookfield Hospitality Properties, which operates the Atlantis at Paradise Island Resort and Casino in Nassau, Bahamas.He has been with the resort since 2005 when the development was operated by Kerzner International...read moreArticles by Howard Stutz
![]() Hedge fund says bid for Pinnacle real estate too low16 March 2015 LAS VEGAS -- The hedge fund that initially sought to move regional casino operator Pinnacle Entertainment, Inc. into a real estate investment trust said it was encouraged by this week’s acquisition offer from rival Penn National Gaming, Inc.’s spinoff, but believes the $4.1 billion price was too low.Meanwhile, Pinnacle announced Friday that it added to its board of directors a long-time gaming company executive who is now lead trustee for a publicly traded REIT.New York-based Orange Capital, which owns 5.9 percent of Las Vegas-based Pinnacle, said this week’s offer from Gaming and Leisure Properties Inc...read moreDeal Me In: Gimmick bets are part of the game13 March 2015 Dear Mark: With “Fortune” Pai Gow Poker, how bad are the odds on the bonus fortune bet? Ray C.Pai Gow Poker is a hybrid of Chinese dominos, “Pai Gow” and American seven-card poker. Played with a standard 52-card deck plus a joker, it differs from the typical seven-card game in that you play against a banker, not against other players at the table.The Pai Gow house edge playing house rules against a player who does not bank (acts as the banker for other players to play against) is 2.84 percent...read moreArticles by Howard Stutz
![]() Game developer sues IGT, alleges violation of licensing agreement13 March 2015 Game developer High 5 Games said slot machine giant IGT - International Game Technology violated numerous conditions of a licensing agreement and failed to pay the company royalties from gambling features used on 81 different game titles.In a lawsuit filed Tuesday in U.S...read moreArticles by Howard Stutz
![]() Golden Nugget to mark $6.5 million convention center upgrade13 March 2015 LAS VEGAS -- Golden Nugget Las Vegas will hold a ceremony Friday to mark its $6.5 million upgrade of 20,000 square feet of convention space.Renovations included new flooring, lighting and wall coverings along with upgraded technology and a state-of-the-art digital signage system, officials said in a statement.Developers at Landry’s Gaming, Inc., Golden Nugget’s parent company, led the project.The convention center now houses 13 breakout rooms, which can be customized for individual group needs, as well as the 5,000-square-foot Bel Air Room, which includes a pre-function foyer.“This area provides what meeting planners are looking for … easy access, flexibility, and meeting space that is easy to navigate...read moreArticles by Howard Stutz
![]() Lower trigger for jackpots seen as costly for casinos13 March 2015 A Wall Street gaming analyst calculated that individual casinos could lose roughly $530,000 per year under a proposed Internal Revenue Service change that would lower the reporting rules for casino customer winnings.The suggested move to reduce the trigger from $1,200 to $600 on jackpots for slot machines, keno and table games, was soundly criticized by gaming industry leaders as unnecessary and burdensome...read moreArticles by Howard Stutz
![]() Bally transaction plays a part in Scientific Games net loss12 March 2015 LAS VEGAS -- The last three months of 2014 gave the investment community a partial look at the financial potential of gaming equipment giant Scientific Games Corporation.Company CEO Gavin Isaacs said Wednesday it will take a few more quarters to get a better handle on the operation, which purchased slot machine giant Bally Technologies, Inc...read moreArticles by Howard Stutz
![]() Caesars attorney says company 'looking seriously' at lost pension payments12 March 2015 LAS VEGAS -- An attorney for a bankrupt division of Caesars Entertainment Corporation told the Nevada State Gaming Control Board on Wednesday that the casino operator was “looking seriously” at the issue surrounding retired company employees who lost their pension checks because of the Chapter 11 filing.During a discussion about the bankruptcy of Caesars Entertainment Operating Co., Control Board member Terry Johnson asked Caesars attorney Steven Pesner about former employees who were told in January the company would no longer make payments under a Supplemental Employee Retirement Plan.“The issue will be addressed in a manner that is legal, fair and equitable by the company,” said Pesner, who is from New York City and is a partner with Akin Gump Strauss Hauer & Feld...read moreArticles by Howard Stutz
![]() Gloves set to come off in Wynn proxy fight11 March 2015 LAS VEGAS -- The brewing proxy fight at Wynn Resorts, Limited might be more entertaining than “Steve Wynn’s ShowStoppers,” the production of Broadway and movie songs now playing in the Encore Theater.The boardroom extravaganza is a Las Vegas version of “The First Wives Club,” with Steve Wynn as one of the co-stars.Less than a week after being removed from consideration for another term as a member Wynn Resorts board, Elaine Wynn announced she was undertaking a costly and potentially nasty proxy fight to retain her seat.As a company co-founder with four decades of gaming industry experience, Elaine Wynn is going to leave Wynn Resorts only on her own terms.There is an argument to be made that she deserves that right...read moreArticles by Howard Stutz
![]() Global Cash Access's deal for Multimedia Games affects quarterly results11 March 2015 LAS VEGAS -- Global Cash Access owned slot machine maker Multimedia Games, Inc. for just 13 days in December, but the business had an impact on the company’s fourth-quarter results.The Las Vegas-based provider of payment processing products to casinos said its net loss of $5.7 million in the quarter that ended Dec...read more |
![]() |