![]() Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Our Strategy Experts
Gaming News
Casino City Times has the latest International Gaming News.
|
Featured Articles Archive - Page 516
Articles by Howard Stutz
![]() Herbst Gaming files for Chapter 1123 March 2009 LAS VEGAS, Nevada -- Herbst Gaming filed a prepackaged Chapter 11 bankruptcy reorganization plan Sunday that will result in the company losing ownership of its 15 casinos but retaining control of its Nevada slot machine route.
Herbst Gaming Chief Executive Officer Troy Herbst said in a statement that the company previously negotiated an agreement with a majority of its secured lenders covering $847 million in total debt...read moreArticles by Howard Stutz
![]() Progressive Gaming files to liquidate23 March 2009 LAS VEGAS, Nevada -- Progressive Gaming International, which saw substantially all of its assets sold to International Game Technology in a foreclosure sale in January, formally filed for bankruptcy liquidation this week.
The company, which provided gaming systems and other technology to casinos, owes more than $5.6 million to unsecured creditors, according to a Monday filing with the U.S...read moreDeal Me In: Tutorial on casino management20 March 2009 Dear Mark: A friend at Lake Tahoe is a dual rate dealer. Since he broke his hip skiing, he can't reach the pass line on the craps table. While he recovers, he has been working "the Pencil." He is spontaneous and multi-tasks well. Can you elaborate on this position? Randy S...read moreArticles by Howard Stutz
![]() Treasure Island sale gets final OK20 March 2009
LAS VEGAS, Nevada -- Phil Ruffin is doing MGM Mirage a favor, and it only cost him $100 million.
Ruffin, 73, who was approved Thursday by the Nevada Gaming Commission to take over Treasure Island from MGM Mirage, said he altered his deal with the casino operator.
Instead of paying $500 million up front in cash, Ruffin increased the amount to $600 million...read more![]() Getting ready to bet baseball? Here are some fact-filled books.19 March 2009 Okay, you know how to bet baseball; you understand the money line, totals, parlays. But with the season less than a month away, how do you get a good start while linemakers are still trying to figure out who the "aces" are and who might disappoint? Luckily, there are some excellent resources to speed up your information-gathering efforts and what they contain.
Baseball America Prospect Book (510 pages, paperbound, $30.95)...read moreGambling sites included in Aussie 'blacklist'19 March 2009 EDITOR'S NOTE: The Web site GamblingHall.com is not on the black list that was leaked to Wikileaks as originally reported. Casino City apologizes for this reporting error.
A "black list" of Web sites that the Australian government would require ISPs to block has been leaked to Wikileaks and it includes a number of online gambling sites.
The list compiled by the Australian Communications and Media Authority (ACMA) was expected to contain sites that published child pornography...read moreArticles by Howard Stutz
![]() MGM Mirage will need aid19 March 2009 LAS VEGAS, Nevada -- Even with a two-month reprieve from its lenders, MGM Mirage won't be able to weave its way through its current financial situation without the help of a bankruptcy court, Wall Street believes.
The Strip casino giant bought itself until May 15 to come up with a restructuring plan covering at least $7 billion of its $13.5 billion in long-term debt...read morePlaying It Smart: Why try for a small jackpot, with a bigger prize down the aisle?18 March 2009 Slot machines of the same denomination may have greatly disparate jackpots. A 3-coin-maximum quarter game might offer as little as $500, or as much as $10,000, $25,000, or more, for a $0.75 bet. A nearby dollar device could have less of a biggie, or something much more grand at $3 a pop.
You see solid citizens attacking them all...read moreArticles by Howard Stutz
![]() MGM Mirage gets relief from vendors18 March 2009 LAS VEGAS, Nevada -- Lenders gave MGM Mirage some much needed financial relief through the middle of May.
The casino operator, in danger of defaulting on $7 billion of its long-term debt, announced Tuesday its lenders had waived requirements that the company be in compliance of its senior credit facility covenants until May 15.
However, the company said in a filing with the Securities and Exchange Commission that auditors have raised "substantial doubt" about MGM Mirage's ability to continue, Bloomberg News reported...read moreArticles by Howard Stutz
![]() Professor mixes law with gaming17 March 2009 LAS VEGAS, Nevada -- Bob Faiss has a résumé that reads like a documentary of the Nevada gaming industry.
So it was logical that Faiss's oral history book, "Gaming Regulation and Gaming Law in Nevada," be part of the 50th anniversary celebration of the Nevada Gaming Commission...read more |
![]() |