Featured Articles Archive - Page 202

Control Board backs Warner Gaming takeover of Horizon Lake Tahoe

LAS VEGAS -- Management company Warner Gaming received initial approval Wednesday from state gaming regulators to take over the Horizon in Lake Tahoe and transform the shuttered hotel-casino into a Hard Rock-branded property.Warner, which is headed by gaming executive Bill Warner, manages the Hard Rock Hotel & Casino Las Vegas and the Hard Rock Hotel & Casino Sioux City in Sioux City, Iowa.The renovation of the Horizon will cost $60 million...read more

With pig farms gone, Adelson smells success in Meadowlands

LAS VEGAS -- Since Secaucus, N.J., “no longer smells like pig farms,” Sheldon Adelson wouldn’t mind building a casino in the nearby Meadowlands sports complex.The Las Vegas Sands Corp. chairman said the location in Northern New Jersey — across the Hudson River from New York City — would be “a very attractive place” for a hotel-casino.Adelson’s interest in New Jersey was part of his keynote discussion at the Global Gaming Expo last week, although the comments were overshadowed by his verbal beatdown against the legalization of Internet gaming.But they weren’t lost 3,000 miles away in New Jersey.State and local leaders are dealing with a plummeting gaming business in Atlantic City.Four Boardwalk casinos closed this year...read more

Culinary rally coincides with opening of Downtown Summerlin

LAS VEGAS -- The Culinary union has scheduled a march and rally through the streets of Summerlin against Station Casinos, Inc. for Thursday afternoon — the same time as the highly anticipated opening of Downtown Summerlin.The union, which claims a long-standing labor dispute with Station Casinos over organizing more than 5,000 nongaming employees of the company’s workforce, plans to march from Palo Verde High School on Pavilion Center Drive to Red Rock Casino, Resort & Spa on Charleston Boulevard, which is also home to Station Casinos’ corporate headquarters.Culinary Local 226 spokeswoman Bethany Khan said it was “just a coincidence” the union rally was taking place Thursday, which is the grand opening celebration for the 1.6 million-square-foot shopping, dining and entertainment complex.The Red Rock Resort is adjacent to Downtown Summerlin and part of the property’s recent $35 million expansion was to connect the hotel-casino with the complex.Khan initially said Tuesday she “wasn’t aware” the opening of Downtown Summerlin was taking place...read more

Macau suffers fourth straight monthly gaming revenue drop

A combination of market-stifling issues sent Macau’s casino industry to an 11.7 percent gaming revenue decrease in September, the region’s largest single-month decline in more than five years.Analysts warned Monday that the Chinese gaming enclave, which has experienced four straight monthly revenue dips, hasn’t bottomed out.Macau’s Gaming Inspection and Coordination Bureau said casinos collected $3.2 billion from gamblers during September...read more

Boyd Gaming Corp. joins mobile wagering trend

LAS VEGAS -- Bob Scucci can recall an era when Nevada’s race and sports books displayed signs banning cellular telephones.If the signs were still in place today, the casinos would be giving away a growing chunk of revenue.Scucci, the director of race and sports for Boyd Gaming Corporation, said the company’s recent launch of its mobile wagering application could bring more gamblers into the fold...read more

Top-10 home improvement prop bets

Last weekend, I discovered that our basement carpet was getting wet. After doing some digging, I found a leak in the bathroom sink.One of my least favorite aspects of owning a home is unexpected home improvement projects. My father is an incredibly handy person...read more

Inside Gaming: Gaming revenue distinguishes commercial, Indian casinos

The lines between the commercial casino industry and Indian gaming are seemingly evaporating.Caesars Entertainment Corp. runs Indian casinos in Phoenix, San Diego and North Carolina through its Harrah’s brand.Station Casinos opened one of the largest California Indian casinos near Sacramento in 2003 and managed the property for seven years...read more

KOA pulling up stakes on Strip, moving to Boulder Highway

Kampgrounds of America is moving its designated recreational vehicle park in Las Vegas from the Strip to the Boulder Highway.KOA and Boyd Gaming Corp. announced an agreement this week to re-brand the Sam’s Town RV park as Las Vegas KOA at Sam’s Town...read more

Deal Me In: Armed and fueled by alcohol is not a good mix

Dear Mark: Any time you go to a casino, there always seems to be a security guard at the door to greet you. My question is, are there any restrictions about taking firearms into a casino? We hope there are. Sally F.In Belle Starr’s Cowboy Wisdom (1955), “A pair of six-shooters beats a pair of sixes” might make for good prose, but luckily, today’s casinos are not the gambling halls of the 19th-century American West...read more

Global Cash CEO says Multimedia Games deal a class apart

LAS VEGAS -- GCA - Global Cash Access CEO Ram Chary believes some opinions in the investment community might be off a bit when it concerns the company’s planned $1.2 billion acquisition of slot machine manufacturer Multimedia Games, Inc.The deal is not like any of the other high-profile gaming equipment-sector consolidations discussed this week at the Global Gaming Expo (G2E) 2014.Chary, CEO of the Las Vegas-based company that provides money transaction technology to the casino industry for eight months, spent much of G2E explaining the deal to analysts.For Global Cash Access, the purchase of a slot machine maker allows the company to expand beyond its current business model and to provide different product lines to its casinos customers...read more