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Howard Stutz Gaming Guru - Page 10Caesars Palace renovating hotel tower for $75 million26 October 2015
Caesars Palace, which marks its 50th anniversary next year, is spending almost four times the original cost to build the Strip resort in order to remodel the property's first hotel tower. A $75 million renovation of the 587-room Roman Tower began this month, which will include renaming the structure the Julius Tower. ... (read more)
Rubio supports online gambling ban, but is OK with poker26 October 2015
Florida Senator and Republican presidential candidate Marco Rubio is co-sponsor of a Senate bill that would ban legalized online gambling. But his position may not be absolute. During a visit with the Las Vegas Review-Journal editorial board this month, Rubio hinted he could support language that would allow for Internet poker. ... (read more)
Penn National Gaming to restate financials back to Nov. 201323 October 2015
Regional casino operator Penn National Gaming will restate its quarterly financials going back to the November 2013 spinoff of real estate investment trust Gaming and Leisure Partners, the company said Thursday. The move was recommended by Penn's outside auditors to change the classification of rent payments to GLPI from an operating lease to a financing obligation. ... (read more)
Boyd Gaming not getting on the DFS train23 October 2015
Boyd Gaming Corp. isn't planning on jumping into the daily fantasy sports business, the casino operator's CEO said Thursday. On a conference call with analysts to discuss the company's third quarter results, Boyd CEO Keith Smith was asked about events swirling around the daily fantasy sports business. ... (read more)
Japanese lawmakers table casino expansion legislation22 October 2015
Once again, casino legislation in Japan appears dead. Union Gaming Group Managing Partner Grant Govertsen said the Japanese legislative body decided not to hold a special session this fall, meaning gaming expansion is off the table for 2015. Japan lawmakers and the country's prime minister have considered ... (read more)
Sheldon Adelson calls Macau environment 'challenging'22 October 2015
Sheldon Adelson was more restrained in his comments about Macau than his Strip neighbor. Las Vegas Sands Corp. said Wednesday its earnings and revenue declined in the third quarter as the company's Macau business drove down results. Adelson, the casino operator's billionaire chairman and CEO, called the ... (read more)
Mulroy voted on Wynn matter before joining company's board21 October 2015
Former Nevada Gaming Commission member Pat Mulroy voted favorably on a matter involving Wynn Resorts Ltd., in August, two months before she was elected to the casino company's board following a favorable Ethics Commission opinion that allowed her to avoid the state's one-year cooling off period for casino regulators. ... (read more)
International diplomacy, Steve Wynn-style21 October 2015
It's a good thing Wynn Resorts Ltd. elected the longest serving U.S. Ambassador to China to its board of directors last week. The company needs some diplomacy to repair the damages after Steve Wynn's hourlong tirade against Macau gaming regulators on a conference call with analysts. "I don't know that this ... (read more)
Despite ban, DraftKings operated in Nevada over the weekend20 October 2015
Daily fantasy sports websites continued to accept customer activity in Nevada over the weekend despite a ban imposed by state gaming regulators on unlicensed operators. DraftKings, one of the industry's two largest sites, allowed players in some contests to continue to set lineups even though it had notified Nevada customers their accounts would be locked. ... (read more)
DraftKings, FanDuel block Nevada players' access to sites19 October 2015
Nevada daily fantasy sports players found their access to the largest providers shut down Friday, less than 24 hours after the Nevada Gaming Control Board told the operators their businesses violate state gaming law. DraftKings and FanDuel, the two largest daily fantasy sports websites, said they would abide by the ban imposed Thursday. ... (read more)
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