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Featured Articles Archive - Page 300
Articles by Howard Stutz
![]() Bally Technologies to supply VLTs to fifth Canada province20 December 2012 Slot machine maker Bally Technologies, Inc. signed an agreement Wednesday to provide the provincial lottery in Saskatchewan with 650 of the company's video lottery terminals.Terms were not announced for the contract, which was awarded after a competitive procurement process.Atlantic Lottery Corpora...read moreArticles by Howard Stutz
![]() Poker player Lederer agrees to forfeit millions to settle civil lawsuit19 December 2012 Poker superstar Howard Lederer, facing a $42.5 million civil lawsuit filed by the U.S. Department of Justice over his leadership role with a tarnished online gambling company, agreed Tuesday to settle the case, forfeiting more than $2.5 million in cash and assets.In a stipulated settlement filed at the U.S...read moreArticles by Howard Stutz
![]() Mirage President Felix Rappaport will resign19 December 2012 LAS VEGAS -- Felix Rappaport, president of The Mirage, announced on Tuesday plans to resign from his position, becoming the second MGM Resorts International Strip property high-level executive to leave the company this month.On Dec. 3, Aria President Bill McBeath resigned.In a memo to employees, Rappaport, who has been president of The Mirage since September 2010, said he was leaving the resort at the end of the year."This will be my first New Year's Eve off in more than 30 years," said Rappaport, 60, who didn't give any indication of future plans."While it is difficult to leave the company, I am enthused to be opening a new chapter in my life," Rappaport said...read moreArticles by Howard Stutz
![]() Revenues, profits rise for SHFL Entertainment18 December 2012 LAS VEGAS -- SHFL Entertainment grew revenues and profits over the fourth quarter and all of fiscal 2012 and the gaming equipment supplier awarded its chief executive with a contract extension.Las Vegas-based SHFL, formerly known as Shuffle Master, announced Monday revenue grew 12 percent to $73.6 million in the quarter that ended Oct...read moreArticles by Howard Stutz
![]() Paris to host 2013 World Series of Poker Europe18 December 2012 The 2013 World Series of Poker Europe will take place in Paris inside the oldest casino in France.Tournament officials announced Monday the seventh annual event will take place Oct. 11-24 in the lakefront Casino Barrière d'Enghien-les-Bains in greater Paris.The casino has gone through several remodeling projects and includes a large convention facility to handle the tournament and a 500-seat theater to host the televised final tables...read moreArticles by Howard Stutz
![]() IGT confirms Megabucks winner at M Resort18 December 2012 LAS VEGAS -- A gambler wishing to remain anonymous hit the statewide Megabucks slot machine jackpot, totaling more than $17.3 million, over the weekend at M Resort.International Game Technology officials confirmed the jackpot Monday.M Resort officials posted notice of the win on the hotel-casino's Facebook page.IGT operates the Megabucks system, which is located on slot machines inside casinos throughout Nevada.The slot machine player, who reportedly went to M Resort with a free play and food voucher, didn't realize he had won the top prize until another player pointed it out, according to IGT.In total, the customer won $17,329,817...read moreArticles by Howard Stutz
![]() Bally's new CEO a familiar face who assures Wall Street of the company's continued success17 December 2012 Bally Technologies, Inc.’s new chief executive officer has been making the rounds with the analyst community, although Ramesh Srinivasan happens to be a familiar face in a new role.Srinivasan was named CEO last month, replacing Richard Haddrill, who will become the company’s chairman...read moreTop-10 gift calls on televised poker17 December 2012 My oldest child is almost six years old, and the anticipation of Christmas morning is growing to a fever pitch in our house. For kids, the best part of the holidays is receiving gifts. For most adults, the saying "'Tis better to give than receive" holds true...read moreArticles by Howard Stutz
![]() Analyst gives MGM Resorts edge over Penn National in race for Massachusetts gaming license17 December 2012 Representatives from Penn National Gaming, Inc. and MGM Resorts International made a pitch last week to residents of Springfield, Mass., as the companies compete for the sole casino license in the western part of the state.Credit Suisse gaming analyst Joel Simkins attended the town hall-style meeting and came away with the impression that MGM Resorts is the “clear favorite” of Springfield officials.“Given its high-quality and detailed proposal, track record of building world class resorts, and obvious commitment to support the local community we feel MGM is building a stronger case at this point when compared to Penn,” Simkins told investors.“We caveat that the process is still early, there will be additional community hearings and we expect Penn to up its game starting with a red carpet event on (Thursday),” Simkins added.Of the various proposals being floated in Western Massachusetts, Simkins rated Springfield as the most logical location...read moreArticles by Howard Stutz
![]() Atlantic City in for economic storm17 December 2012 It can't get any worse for Atlantic City.Can it?Last week's news that November gaming revenues at Atlantic City's 12 casinos suffered their worst single-month decline in the New Jersey community's 34-year history of legalized gaming had to be the low point.Or was it?Granted, Superstorm Sandy, which hit the region in late October, caused most of Atlantic City's casinos to stay closed between Oct...read more |
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