Featured Articles Archive - Page 230

Don't bet against more growth in Macau gaming

Anytime the investment community gets downwind of a potential hiccup in the Macau gaming market, a slash-and-burn mentality sets in.The victims are often MGM Resorts International, Las Vegas Sands Corp. and Wynn Resorts Ltd. The Las Vegas-based companies have subsidiaries listed on the Hong Kong Stock Exchange and those stock prices usually take a beating...read more

Weather issues tied to Affinity Gaming's revenue slide

Weather issues that have played havoc with regional gaming markets were blamed for Affinity Gaming’s revenue decline during the first quarter.The Las Vegas-based company said Wednesday its revenue for the three months ended March 31 fell 4.4 percent to $96.6 million...read more

Stratosphere parent reverses loss, sees revenue rise

LAS VEGAS -- Stratosphere Casino Hotel and Tower owner American Casino & Entertainment Properties, LLC reversed a first-quarter net loss and grew revenue 3 percent, due in part to nongaming spending by customers at the property at the edge of downtown Las Vegas.American Casino said Monday the company had a net income of $4.5 million for the quarter that ended March 31...read more

New feel, new story as The Hotel becomes Delano

LAS VEGAS -- When MGM Resorts International announced plans in 2013 to rebrand The Hotel into Delano Las Vegas, company officials said the 11-year-old property would be given a new look from top to bottom.Details of the $80 million renovation were announced in late April and when the project is completed by September, nearly every square foot of public space inside the 1,100-room nongaming hotel will be enhanced.The transformation is a collaboration between MGM Resorts and the Morgans Hotel Group, which owns the Delano brand...read more

Inside Gaming: Weight of debt will not go away

LAS VEGAS -- The investment community long has expressed concern over the growing debt that weighs down many casino companies, most notably the $21 billion anchor around the neck of Caesars Entertainment Corporation.Deutsche Bank gaming analyst Andrew Zarnett in April told investors that Caesars might have to sell or close properties to get out from under its obligations...read more

Top-10 memorable moments from the 2004 WSOP

Last year, the World Series of Poker celebrated the 10th anniversary of Chris Moneymaker's Main Event win. It's an event worthy of celebration, but for me, 2004 was a far more interesting year than 2003. It was the year we learned just how much poker was going to change...read more

Deal Me In: Blackjack at $5 a whack

Dear Mark: My wife and I are heading for Vegas to celebrate our 45th anniversary, and I would like to try blackjack, but have never played the game at a casino. Any place you would recommend for a beginner? Rick F.Before any beginner sits front and center on a blackjack game, I suggest that you do NOT make your first playing experience your classroom...read more

Station Casinos reverses net loss, posts best first quarter since 2009

LAS VEGAS -- Station Casinos, Inc. said Thursday the company had its best first quarter since 2009, reversing a net loss from a year ago while growing revenue nearly 6 percent.The locals casino operator said its consolidated net revenue for the quarter that ended March 31 was $329.3 million, an increase of 5.6 percent...read more

Caesars sees quarterly net loss increase 78 percent

LAS VEGAS -- Caesars Entertainment Corporation increased its net loss 78 percent in the first quarter, the casino operator said Wednesday.The company, which operates more than 50 casinos nationwide, including 10 on or near the Strip, said it lost $386.4 million in the quarter that ended March 31, or a loss of $2.82 per share...read more

Genting Strip project may house studio tour-type theme park

LAS VEGAS -- There may not be pandas, but the Strip may house a studio tour-type theme park once Malaysia-based Genting Malaysia Berhad finishes developing an 87-acre site for Resorts World Las Vegas.The Nevada State Gaming Control Board on Wednesday recommended Genting be given a preliminary finding of suitability to hold a state gaming license...read more