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Howard Stutz Gaming Guru - Page 100

Howard Stutz
 
 

One-day temporary casino known as Trailer Station to make return

11 October 2013
LAS VEGAS -- Trailer Station will return after a two-year hiatus. Gaming regulators gave Station Casinos, Inc. and United Coin Machine Company preliminary approval to operate a one-day temporary casino at the 26-acre site of the since-imploded Showboat/Castaways property on the edge of downtown near the Boulder Highway. ... (read more)
 

Randy Black out as COO of Mesquite Gaming

9 October 2013
Randy Black, the face of Mesquite’s casino industry since the 1990s, is no longer associated with the casino company that he founded. Black, who appeared in numerous local television commercials touting the small-town atmosphere of Mesquite, has retired as chief operating officer of Mesquite Gaming, LLC, ... (read more)
 

Penn National to begin spinoff of real estate holdings

9 October 2013
LAS VEGAS -- Penn National Gaming, Inc. will begin to spin off its real estate holdings into a separate public company this month, the casino operator and owner of M Resort told investors this past week. Under a plan approved by the company’s board of directors, Penn National shareholders will receive one ... (read more)
 

Pop goes the expo: Celebrity and cinema dominate G2E

7 October 2013
LAS VEGAS -- Gaming analysts were turned into film critics during last month’s Global Gaming Expo. Knowledge of the entertainment industry was a required tool when visiting the booths of the major slot machine manufacturers inside the Sands Expo and Convention Center. You also needed to avoid the roaming ... (read more)
 

Gibraltar firm rocks online gambling

7 October 2013
Gibraltar-based 888 Holdings Plc has quietly carved out an extra-large share of the neophyte U.S. online gaming market. The company, one of the largest operators in legal European Internet gaming jurisdictions, has deals to operate interactive gaming platforms — the technology to house the online gambling ... (read more)
 

Terms of Caesars restructuring, spinoff company set

7 October 2013
LAS VEGAS -- Caesars Entertainment Corp. told shareholders they have until Oct. 17 to participate in a stock sale that will raise $1.18 billion and place ownership of Planet Hollywood, the company’s interactive division and a new Baltimore casino into a new holding company. Caesars announced the restructuring effort in April. ... (read more)
 

Macau gaming revenues increase 21 percent in September to $3.6 billion

4 October 2013
Macau casinos collected $3.6 billion from customers during September and analysts already are debating whether or not October’s results could surpass the single-month all-time record. Macau’s Gaming Inspection and Coordination Bureau said Thursday that casino revenues in the Chinese enclave grew more than 21 percent during the month. ... (read more)
 

Federal judge dismisses Adelson's defamation lawsuit

1 October 2013
LAS VEGAS -- A defamation lawsuit filed by Las Vegas Sands Corp. Chairman Sheldon Adelson against the National Jewish Democratic Council was dismissed by a federal judge in New York City on Monday. Adelson sued the organization last year over an article on its website that claimed he had approved of prostitution activities in his company’s Macau casinos. ... (read more)
 

City Center operators seek new loans to refinance debt

1 October 2013
LAS VEGAS -- The operators of CityCenter are seeking new loans to refinance the four-year-old Strip development’s nearly $2 billion of long-term debt. MGM Resorts International, which owns 50 percent of CityCenter and operates the 66-acre complex, has scheduled lender meetings in New York City to explore options to refinance the debt on the development. ... (read more)
 

Baccarat play drives state gaming revenue to 11 percent increase

1 October 2013
LAS VEGAS -- Baccarat giveth and the baccarat taketh away. In August, the game giveth. Nevada recorded its fourth-highest baccarat revenue total ever during August and the highest percentage increase since June 1999, fueling double-digit gaming revenue totals statewide and along the Strip. The Nevada ... (read more)

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