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Featured Articles Archive - Page 187
Deal Me In: Is Free Bet Blackjack really a freebie?31 October 2014 Dear Mark: We have a casino a little north of Toronto, Ontario that has added one blackjack table with some variations. If you get a hard 9, 10 or 11, the House will double down for you. Also, if you get a split opportunity, the house will double down for you...read moreArticles by Howard Stutz
![]() Bally Technologies sees dip in quarterly earnings31 October 2014 LAS VEGAS -- Slot machine manufacturer Bally Technologies, Inc. saw first-quarter earnings dip slightly while revenue increased 29 percent.The Las Vegas-based company said its net income for the quarter than ended Sept. 30 was $62.4 million, compared with $57 million in the same quarter a year ago...read moreArticles by Howard Stutz
![]() Boyd Gaming evaluating REIT spin-off31 October 2014 LAS VEGAS -- Boyd Gaming Corporation is evaluating the formation of a real estate investment trust, which could spin off all or a portion of the Las Vegas-based company’s casino holdings into a separate entity.Boyd Gaming CEO Keith Smith said Thursday the company is working with advisors to understand the feasibility of the process...read moreArticles by Howard Stutz
![]() MGM in 'preliminary' talks to bring NHL to Vegas31 October 2014 LAS VEGAS -- The chief financial officer for MGM Resorts International said Thursday the company has held discussions with a group looking to bring a National Hockey League team to Las Vegas, but the talks were preliminary.The casino operator is building a $350 million sports arena and event center behind New York-New York Hotel & Casino on the Strip...read moreArticles by Howard Stutz
![]() MGM Resorts reduces third-quarter net loss31 October 2014 LAS VEGAS -- MGM Resorts International narrowed its third-quarter net loss, but said the company’s results on the Strip were somewhat tempered by construction activity related to its various renovation projects.MGM’s Strip properties as a whole suffered from a lower year-over-year table games hold on wagers.“We made some customers very happy in the quarter,” MGM Resorts Chairman and CEO Jim Murren said on a conference call with analysts and investors.The casino operator, which owns 10 Strip hotel-casinos and the CityCenter development, said Thursday its net loss of $20.3 million for the quarter that ended Sept...read moreArticles by Howard Stutz
![]() Creditor walks away from restructuring talks with Caesars30 October 2014 LAS VEGAS -- One of Caesars Entertainment Corporation’s main creditors has walked away from talks on restructuring a large portion of the casino company’s $24.2 billion debt.In a filing with the Securities and Exchange Commission on Wednesday, Caesars said the creditor declined to extend a nondisclosure agreement to gain access to private information about the company’s operating units.Caesars didn’t name the creditor...read moreArticles by Howard Stutz
![]() Timing right for suitors to pursue Full House29 October 2014 LAS VEGAS -- In the grand scheme of things, the proxy fight over Full House Resorts, Inc. seems like small potatoes.But with regional markets on a downward trajectory, the company is ripe for the taking.Las Vegas-based Full House owns three regional casinos and has a management contract for a Lake Tahoe resort...read moreArticles by Howard Stutz
![]() Nevada gaming revenue declines for second straight month29 October 2014 LAS VEGAS -- Nevada’s casino industry suffered its second straight monthly gaming revenue decline in September with much of the blame leveled at an unlucky run by the Strip’s high-end baccarat rooms and a fortunate month for blackjack players.Statewide, gaming revenue fell almost 6 percent in the month...read moreArticles by Howard Stutz
![]() Wynn revenues dip, but profits up in Q329 October 2014 LAS VEGAS -- Wynn Resorts, Limited said Tuesday the company had a 1.4 percent dip in revenue in the third quarter, but results from the casino operator’s Strip properties boosted profits.Wynn said its net income for the quarter that ended Sept...read moreArticles by Howard Stutz
![]() SEC approves Full House shareholder solicitation29 October 2014 A group of Full House Resorts, Inc. shareholders were given the go-ahead by the Securities and Exchange Commission Tuesday to solicit other stockholders of the casino operator on holding a special vote to remake the company’s board.The five-person group, headed by gaming executive Dan Lee, controls 6.2 percent of the Las Vegas-based company’s shares...read more |
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