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Howard Stutz Gaming Guru - Page 104Gaming officials plan to use new film to push Web wagering regulation21 August 2013
Gaming leaders are looking at leveraging the release of a feature film that depicts the seedier side of illegal Internet poker to raise awareness of the need for proper regulation of online wagering. American Gaming Association (AGA) President Geoff Freeman, in an e-mail to the organization’s board of ... (read more)
State inquiry into Cantor Gaming creeps along slowly19 August 2013
LAS VEGAS -- A state investigation of sports book operator Cantor Gaming, launched after a company official was indicted for his alleged involvement in an illegal bookmaking and money laundering operation, has gone radio silent. That doesn’t mean the matter has been swept away — not by any stretch. ... (read more)
Record sales help Bally Technologies flirt with $1 billion in revenues16 August 2013
LAS VEGAS -- Record sales in the company’s systems division, coupled with expansion into new gaming markets, helped slot machine manufacturer Bally Technologies, Inc. reach overall revenues of just under $1 billion in the company’s recently completed fiscal year. Bally, which announced plans last month to ... (read more)
Four state bodies OK Penn National Gaming's plan to split16 August 2013
Four state regulatory bodies have signed off on Penn National Gaming, Inc.’s plans to separate the company into two publicly traded entities, including a real estate investment trust. The company, which owns M Resort, announced Thursday the Iowa Racing and Gaming Commission, Louisiana Gaming Control Board, ... (read more)
Pinnacle Entertainment completes $2.8 billion buyout of Ameristar Casinos15 August 2013
LAS VEGAS -- One down, two to go. Pinnacle Entertainment, Inc.’s completion of its $2.8 billion buyout of regional casino rival Ameristar Casinos, Inc. on Wednesday is the first of three gaming industry mergers headed toward resolution. The Las Vegas-based casino operators announced the transaction in ... (read more)
Affinity Gaming posts profitable second-quarter results14 August 2013
LAS VEGAS -- Casino operator Affinity Gaming said Tuesday it reversed a second quarter net loss, due in part to a full quarter of results from the Las Vegas-based company’s three casinos in Colorado. Affinity, which operates 12 casinos in Nevada, Colorado, Iowa and Missouri, said its net income in the ... (read more)
Parent of Stratosphere, Arizona Charlie's reverses net loss14 August 2013
LAS VEGAS -- The company that owns the Stratosphere Casino Hotel and Tower and Arizona Charlie’s said Tuesday it reversed a net loss in the second quarter. American Casino & Entertainment Properties, LLC reported net income of roughly $100,000 in the quarter than ended June 30, compared with a net loss of $2.8 million in the same quarter a year ago. ... (read more)
FTC approves Pinnacle Entertainment's $2.8 billion purchase of Ameristar14 August 2013
LAS VEGAS -- The Federal Trade Commission formally approved plans by Pinnacle Entertainment, Inc. to sell a St. Louis casino and Lake Charles, La., development project, allowing the Las Vegas-based regional gaming operator to move forward with its $2.8 billion acquisition of Ameristar Casinos, Inc. Pinnacle hopes to close the purchase by the end of the month. ... (read more)
Q&A with Stacy Stagg, assistant general manager of Sunset Station12 August 2013
LAS VEGAS -- You can go home again. At least if you’re Stacy Stagg. A nearly 20-year employee of Station Casinos, Inc., Stagg helped open the Sunset Station Hotel and Casino in June 1997 as manager of the coffee shop. After gaining experience in other management roles with the company, including as ... (read more)
Rant by Adelson surprises Murren12 August 2013
LAS VEGAS -- Having navigated MGM Resorts International through almost four years of turbulent economic waters, Jim Murren has grown used to hearing negative comments from haters and detractors. What surprised Murren, however, were some recent vitriolic remarks directed at his company from a competing corporate office down the street. ... (read more)
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