Featured Articles Archive - Page 473

Delaware approves table games for racetrack casinos

DOVER, Delaware -- Delaware's governor didn't waste any time signing into law a bill that allows the state's three racetrack casinos to add table games. State lawmakers approved the legislation Thursday afternoon and Gov. Jack Markell added his signature that evening. A spokesman for the governor thought table games could be in place by summer at Delaware Park, Dover Downs and Harrington Raceway, which currently only offer slot machines. Following Pennsylvania's legalization of table games earlier this month, Delaware's approval was not good news to Atlantic City. One gaming analyst told the Press of Atlantic City newspaper that Delaware and Pennsylvania could combine to drive down the Boardwalk's table game revenue by as much as 15 percent. However, he said that the revenue decline likely won't be as large because of the scheduled 2011 grand opening of the $2.5 billion Revel casino in Atlantic City and an expected uptick in the regional economy. "Atlantic City gets hit both by Pennsylvania and Delaware because they sit within the heart of our feeder markets," said Cory H...read more

Brugnara pleads guilty to filing false tax returns

LAS VEGAS, Nevada -- San Francisco real estate developer and failed Nevada gaming applicant Luke Brugnara, who emerged as a bidder for the bankrupt Fontainebleau this month, has pleaded guilty in federal court to filing false tax returns. Brugnara, 46, said he was willing to pay $200 million for the Fontainebleau despite having been denied a Nevada gaming license in 2001...read more

Bankruptcy exit near for Herbst Gaming

LAS VEGAS, Nevada -- Herbst Gaming will emerge from bankruptcy next week but it may take up to a year to determine the makeup of the Las Vegas-based casino company and slot machine route operator. In a filing with the Securities and Exchange Commission Thursday, Herbst Gaming said its Final Plan of Reorganization, which was approved by the U.S...read more

N.Y. council members endorse MGM Mirage Aqueduct bid

LAS VEGAS, Nevada -- The selection of casino operator for New York City's Aqueduct Race Track has dragged on for almost a year. Now, the three New York City Council members who represent the Southeast Queens Community where Aqueduct is located have weighed in on the matter. Deputy Majority Leader Leroy Comrie, Civil Service & Labor Committee Chairman James Sanders Jr...read more

Icahn lands a Las Vegas bargain

LAS VEGAS, Nevada -- Billionaire investor Carl Icahn's path to owning one of his best Las Vegas bargains to date was cleared Wednesday when he was named the winner of the auction for the bankrupt Fontainebleau Las Vegas. But how long the stalled 3,889-room hotel-casino will sit unfinished on the corner of Las Vegas and Riviera boulevards is now the big question. "There's no reason to build anything on the Strip for a long time," Bill Robinson, an economics professor at the University of Nevada, Las Vegas, said...read more

Bally earnings 'relatively flat' in latest quarter

LAS VEGAS, Nevada -- Bally Technologies said Wednesday its second-quarter earnings were relatively flat compared with a year ago. The Las Vegas-based slot machine maker reported net income of $33.3 million, or 58 cents per share, in the quarter ended Dec...read more

Elaine Wynn could land on Forbes 400

LAS VEGAS, Nevada -- A reporter for Forbes Magazine has surmised that Elaine Wynn's divorce from casino developer Steve Wynn could land her a spot on the next Forbes 400 list. Elaine and Steve Wynn's split was finalized earlier this month...read more

Slot company WMS reports 11 percent increase in income

LAS VEGAS, Nevada -- Slot machine manufacturer WMS Industries Tuesday reported a nearly 11 percent increase in net income for the second quarter. The Illinois-based game maker said its net income for the period that ended Dec. 31 was $26.5 million, or 44 cents per share, up from $23.7 millio...read more

Bellagio room rates out-pacing Aria

LAS VEGAS, Nevada -- In its first month of operation, room rates for Aria have been priced below those offered at Bellagio, which contradicts the original plans of MGM Mirage to make the CityCenter centerpiece its premium resort. Susquehanna Financial Group gaming analyst Robert LaFleur, however, found a silver lining for MGM Mirage...read more

Top-10 NFL playoff betting tidbits

The Indianapolis Colts and the New Orleans Saints aren't the only ones that will be resting up during the next 13 days. So too will the millions of football bettors across the country. For the first time since late August, the football betting card will be blank this upcoming weekend (unless you count the meaningless Pro Bowl)...read more