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Featured Articles Archive - Page 600
Articles by Howard Stutz
![]() Profits surge for WMS Industries8 August 2007 CHICAGO -- Chicago-based slot machine maker WMS Industries continued its financial comeback Tuesday, saying its earnings jumped 67 percent in the fourth quarter 47 percent for the fiscal year.
The company said it had a 35 percent year-over-year boost in new slot machine shipments, which fueled an increase in both revenues and cash flow.
"With investments in next-generation technologies, a global organization of development studios and financial resources further strengthened by the record fiscal 2007 results, we established a solid base from which we expect to deliver consistent operating execution in fiscal 2008 and beyond," WMS President and CEO Brian Gamache said in a statement.
The gaming equipment provider has re-emerged in the past few years as its earnings sagged.
WMS reported net income of $16.7 million, or 29 cents a share, in the quarter ended June 30, up from $10 million, or 18 cents a share, a year earlier...read moreArticles by Howard Stutz
![]() Pinnacle posts lower profits, but company observers shrug8 August 2007 LAS VEGAS, Nevada -- Pinnacle Entertainment's second-quarter earnings didn't match up with the company's numbers from a year ago, but executives and analysts weren't too concerned Tuesday.
Wall Street was more impressed as the Las Vegas-based casino operator reported increased financial results at its flagship casinos in Louisiana and Indiana.
Pinnacle said its net income for the quarter ended June 30 was $9.9 million, or 16 cents a share, down from $46 million, or 93 cents a share, a year earlier...read moreIMEGA's chances of success remote8 August 2007 There is a lot of buzz surrounding the Interactive Media Entertainment and Gaming Association's suit to obtain a temporary restraining order to stop the Department of Justice from implementing regulations to enforce the Unlawful Internet Gambling Enforcement Act.
The organization, described as a non-profit "professional association dedicated to the continued growth and innovation of the Internet," will be granted a hearing at the Third Circuit Court in New Jersey on Sept...read moreArticles by Howard Stutz
![]() Vegas racebooks eye Hong Kong races7 August 2007
NEVADA -- Horse racing bettors in Las Vegas may soon be allowed to participate in high-paying pari-mutuel pools with overseas gamblers while wagering on races originating from Hong Kong.
Proponents of the idea said the betting pools, which take place at two tracks operated by the Hong Kong Jockey Club, can reach upward of $100 million in wagers.
Nevada race books have shown and accepted wagers on international horse races, but only for special events...read moreArticles by Howard Stutz
![]() INSIDE GAMING: No second for Strip, executive says7 August 2007 , Benjamin Spillman and Arnold M. Knightly
LAS VEGAS, Nevada -- If it's not the Strip, it doesn't interest MGM Mirage President and Chief Financial Officer Jim Murren.
Murren's company owns some 760 acres along the Strip, encompassing 10 casinos and the 76-acre, $7.4 billion CityCenter development...read moreArticles by Howard Stutz
![]() Wynn Resorts reverses quarterly loss7 August 2007
LAS VEGAS, Nevada -- A year ago, executives from Wynn Resorts Ltd. tried to justify a net loss in quarterly earnings, saying the negative number was due to preopening expenses at the company's under-construction casino in Macau and challenges in Las Vegas.
No such explanations were needed Monday.
Wynn said strength in the Las Vegas market coupled with strong profits in Macau fueled the company's second-quarter earnings...read moreArticles by Howard Stutz
![]() Wynn plans new projects7 August 2007
LAS VEGAS, Nevada -- When Wynn Resorts gets set to redevelop the Wynn Golf Club, the first project to take shape is slated for the corner of Desert Inn Road and Paradise Road.
Company Chairman Steve Wynn said Monday he isn't ready the tear up the 137-acre golf course that commands greens fees of $500 a round...read moreInvasion of the Swedes7 August 2007
The classic and scary Magnus from Poker Host
It appears that the Swedes have invaded my life. I cannot seem to stay away from these amazing people- they are magnetic I tell you!! Several weeks ago we started interviewing for a position here at the GPWA and Online Casino City, and of course, there was one candidate that I particularly enjoyed...read moreA one-outer away from an $11,000 payday6 August 2007 It's pretty hard to take down over $11K in a $.50/$1 Limit Hold'em hand, especially when your cards end up in the muck.
But that's almost exactly what I did when I recently jumped onto one of Absolute Poker's Bad Beat Jackpot tables.
With a six-month old at home, I haven't been playing a whole lot of online poker lately, and when I have logged on, it's been at PokerStars...read moreWhen social engineering is a disaster6 August 2007 It's hurricane season again, bad news for the states bordering the Gulf of Mexico. It's shocking to see how little has been done to protect New Orleans. In fact, in the entire gulf coast region, probably the most significant steps taken to protect life and property have been with the gaming industry of Mississippi...read more |
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