Featured Articles Archive - Page 205

Credit CEO Haddrill for Bally’s sound financial status

LAS VEGAS -- Richard Haddrill’s second term as CEO of slot machine giant Bally Technologies, Inc. will be short-lived.Seventeen months after he handed the reins of the gaming equipment manufacturer to his hand-chosen successor, Haddrill gave up his chairman’s seat and returned to the CEO’s desk on May 23.Seventy days after taking over, Bally was sold to lottery provider Scientific Games Corporation for $5.1 billion.The transaction was expected to close early next year but could be finalized by December...read more

Gaming's $240 billion impact noted; Murren eyes fantasy sports

LAS VEGAS -- The commercial and tribal gaming industries had a combined economic impact on communities where they are located of nearly $240 billion in 2013, according to a study conducted by the research arm of Oxford University.The findings, released as the Global Gaming Expo (G2E) 2014 began its three-day run at the Sands Expo and Convention Center on Tuesday, marked the first time both the commercial casino industry and American Indian casinos were included together in one study.The trade show and conference is expected to attract 27,000 attendees...read more

Adelson slips one spot on the Forbes list

LAS VEGAS -- Las Vegas Sands Corp. Chairman Sheldon Adelson grew his net worth in 2014, but fell one spot in the Forbes ranking of the richest people in America.Adelson, 81, was listed as both the gaming industry’s and Nevada’s top name on the annual ranking, which came out Monday...read more

Top-10 reactions from my trip to Suffolk Downs

I remember the first time I ever watched a horse race. I was 15 years old.In 2004, Smarty Jones won the first two legs of the Triple Crown in dominating fashion, taking down both the Kentucky Derby and Preakness Stakes. He was the talk of the town in my neck of the woods...read more

Boston casino not yet a clear Wynn

A gaming insider whose opinion is respected in the industry has a theory that Massachusetts gambling regulators unknowingly handed some momentum to those who want to overturn the state’s 2011 casino law.They did it by giving the single Boston-area gaming license to Wynn Resorts, Limited on Sept...read more

Nevada gaming revenues down; baccarat revenue slips

LAS VEGAS -- Sometimes, the house doesn’t win.Gaming revenue statewide and on the Strip dipped during August, the market’s first monthly decrease since February.High-end baccarat wagering played a significant role in the monthly decline. Revenue from the game fell almost 14 percent on the Strip, even though the amount players wagered on baccarat increased.Statewide, Nevada gaming revenue fell 3.7 percent in August, ending five straight months of increases.The Nevada State Gaming Control Board said Friday casinos collected $920.2 million from gamblers in Nevada during August.On the Strip, gaming revenue declined 6.1 percent to $553.2 million.Most analysts expected August would be challenged to match last year’s total...read more

Deal Me In: These machines are designed to be a billfold buster

Dear Mark: What are your thoughts on nickel multi-line/multi-coin machines? Do they induce play more than the older machines? Is the return the same as those older machines? By playing them, I seem to be both playing and losing more. Jerome M.I am not a fan, Jerome, primarily because far too many players are betting some big-time bucks on these multi-line/multi-coin machines...read more

A sad, but necessary farewell to Suffolk Downs

I've lived in the greater Boston area for more than 10 years. My first two years were spent in a tiny two-bedroom condo in Cambridge, just across the Charles River from Boston, a mere 30-minute walk to Fenway Park. Eight years ago, my wife and I moved out to the suburbs, but we still make regular trips into the city for baseball games, entertainment and great restaurants.Despite my relatively close proximity to Suffolk Downs, the horse racing track just past Boston's Logan Airport, I only became acutely aware of its presence when Caesars announced a plan to build a resort casino at the property, should it be granted the sole Boston-area casino license by the Massachusetts Gaming Commission...read more

MGM Resorts selects president for Park Holdings

MGM Resorts International on Thursday selected Don Thrasher as president of Park Holdings, the entity that oversees development of The Park, now under development between the Monte Carlo Resort and Casino and New York-New York hotels.Thrasher was most recently president of Circus Circus Hotel Casino Las Vegas...read more

Appeals court reinstates gambler's lawsuit with Wynn Las Vegas

LAS VEGAS -- A federal appeals court reinstated a German gambler’s lawsuit with Wynn Las Vegas over a disputed $1.3 million owed to the Strip casino, saying the matter didn’t have to be heard by the Nevada State Gaming Control Board.The decision by a three-judge panel of the U.S...read more