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Featured Articles Archive - Page 188
Articles 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 moreArticles by Howard Stutz
![]() REIT sues Cannery Casino Resorts over racetrack casino purchase29 October 2014 LAS VEGAS -- The company buying a Pittsburgh area racetrack casino owned by Cannery Casino Resorts has sued the Las Vegas-based casino operator for allegedly breaching the $465 million purchase agreement.Gaming and Leisure Properties, the real estate investment trust spin-off from Penn National Gaming, Inc., said Tuesday it was unclear what impact the lawsuit that was filed in New York would have on closing the transaction, which was announced in May.The company is seeking unspecifiedf damages from Cannery.Gaming and Leisure Properties revealed the lawsuit as part of the company’s third-quarter earnings.“It appears that Gaming and Leisure Properties may have legal recourse to unwind the proposed transaction or at least negotiate a lower purchase price,” J.P...read moreArticles by Howard Stutz
![]() Station Casinos makes the effort to help schools28 October 2014 LAS VEGAS -- What began as a way to financially help area schools in need has become a year-round effort for Station Casinos, Inc.The company hosted its annual Smart Start breakfast this month at Red Rock Resort Casino, Resort & Spa’s T-bones Chophouse and awarded $50,000 — $5,000 each — to 10 elementary schools designated by the Clark County School District as needing the greatest assistance for students.The donation brought the total to more $2.5 million that Station Casinos has given in the 14 years since the Smart Start program was launched by Frank Fertitta III and Lorenzo Fertitta, the casino company’s majority owners.The 2014 donation included $2,500 to Communities in Schools to assist Rex Bell Elementary and Ollie Detwiler Elementary with purchasing students uniforms...read moreArticles by Howard Stutz
![]() Two months after debut, SLS Las Vegas president jumps ship28 October 2014 LAS VEGAS -- The SLS Las Vegas Hotel & Casino has changed presidents just two months after the $415 million Strip resort opened.The hotel-casino’s owners said Monday that Scott Kreeger would take over for Rob Oseland, who had been with the property since 2012, before the 18-month construction transition from the shuttered Sahara into SLS Las Vegas.Employees were told of the change Monday morning.Kreeger most recently was chief operating officer of the now-closed Revel in Atlantic City.Revel, which opened two years ago, was in the midst of a bankruptcy-mandated auction when the property closed after Labor Day weekend...read moreTop-10 2014 NFL bets gone bad27 October 2014 There's nothing worse than a sports bet that looks like it's a cinch to win, but then something happens in the last minute or two of the game that changes everything and turns your winning ticket into a loser.New Jersey residents — and those in neighboring states — probably felt that way this weekend, when U.S...read moreArticles by Howard Stutz
![]() Full House Resorts bylaws change makes special meetings more difficult27 October 2014 LAS VEGAS -- A sudden bylaw revision by Full House Resorts, Inc. will make it difficult for shareholders seeking changes in the regional casino operator to call a special meeting before the end of the year.In a filing with the Securities and Exchange Commission, the Las Vegas-based company’s board voted Tuesday to limit the number of special meetings called by stockholders and to delay any request.“The company believes that it would be costly and disruptive to hold a special meeting only a few months before the company’s annual meeting,” Full House said in the SEC filing.The company put itself up for sale Wednesday, almost two weeks after five investors — led by gaming executive Dan Lee — initiated a proxy fight...read moreDeal Me In: Patience is needed for volatile bonus video poker machines24 October 2014 Dear Mark: When it comes to video poker games, which do you prefer, Jacks-or-Better, or one of the many Bonus games that are offered? I am figuring it is Jacks-or-Better as you use it as an example more often than not. John P.There are multiple reasons, John, why I use the same ole Jacks-or-Better machines as an example in this column...read moreArticles by Howard Stutz
![]() Respect was earned for founding father of local casinos24 October 2014 LAS VEGAS -- It seemed out of place to refer to gaming industry pioneer Frank Fertitta Jr. by his first name.Other than close friends and business associates, the late founder of Station Casinos was known as “Mr. Fertitta.”It was out of respect.To employees, customers and admirers, he was “Mr...read moreArticles by Howard Stutz
![]() Gaming regulators allow Real Gaming poker website to move ahead24 October 2014 LAS VEGAS -- State gaming regulators took the “soft launch” tag off the Real Gaming poker website Thursday, allowing the Internet presence for Michael Gaughan’s South Point Hotel Casino and Spa to move forward after a nearly eight-month testing period.RealGaming.com launched in February and joins UltimatePoker.com and WSOP.com in offering regulated online gaming to gamblers within Nevada.The website is owned by the South Point and is offering tournament play and cash games across multiple platforms, including PC and Mac computers, smartphones and tablets.The Gaming Control Board held a special meeting in Carson City to consider Real Gaming...read more |
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