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Howard Stutz Gaming Guru - Page 106Fertitta creates Golden Nuggets5 August 2013
LAS VEGAS -- It’s taken Tilman Fertitta just a few years to build his casino company. It’s going to take another few years to analyze the business’s level of success. Not that Fertitta is in a rush. The wealthy 56-year-old Texan over three decades created Landry’s Inc. His Houston-based ... (read more)
Tavern operator Dotty's to acquire Hacienda near Boulder City5 August 2013
Tavern operator Dotty’s, whose controversial business model inspired casino industry-led changes to statewide gaming regulations, is acquiring its first full-fledged hotel-casino. The company is buying the Hacienda Hotel and Casino outside Boulder City on U.S. Highway 93, roughly 3 1/2 miles from Hoover Dam. ... (read more)
Nevada gaming revenues fall, but analyst heralds slot play5 August 2013
LAS VEGAS -- A more than 10 percent decline in gaming revenues on the Strip during June was directly attributed to poor results from baccarat play. But that’s just part of the story. One analyst pointed toward a third straight month of increased slot machine wagering inside Strip casinos as the “best metric” for determining if a Las Vegas recovery is taking hold. ... (read more)
IGT laughing all the way to bank over acquisition5 August 2013
Suddenly, Wall Street loves IGT - International Game Technology’s DoubleDown Casino. After roundly panning the slot machine giant’s $500 million acquisition of the free-to-play social gaming website 17 months ago, the analyst community pulled a 180-degree turn in July. “In our view, DoubleDown is turning ... (read more)
Diamond Resorts acquires two rival firms2 August 2013
LAS VEGAS -- Las Vegas-based vacation ownership firm Diamond Resorts acquired two rival firms following the company’s initial public stock offering, which closed a week ago. Diamond Resorts said in a statement late Wednesday it bought seven properties in Florida operated by Island One and acquired seven properties in Las Vegas, California and Mexico owned by Pacific Monarch Resorts. ... (read more)
Macau gaming revenues up 20 percent in July, 16 percent for 20132 August 2013
Macau’s casino market during July recorded its second straight month of a 20 percent or better increase in gaming revenues. The Macau Gaming Inspection and Coordination Bureau said Thursday that casinos in the Chinese region collected $3.5 billion in gaming revenues during the month, a 20 percent increase compared with the revenues collected in July 2012. ... (read more)
Boyd Gaming announces stock sale1 August 2013
LAS VEGAS -- Boyd Gaming Corporation announced a stock sale Wednesday in which the casino operator will list 15 million shares of common stock, with proceeds from the sale used to pay down a portion of the company’s long-term debt. The announcement came after the close of trading on the New York Stock Exchange and the day after the company reported better-than-expected quarterly earnings. ... (read more)
Officials select 18-year control board veteran to oversee division31 July 2013
LAS VEGAS -- Karl Bennison, who has headed enforcement for the Gaming Control Board’s Northern Nevada, was named chief of the entire division Tuesday. Bennison, who has spent 18 years with the control board, will replace Jerry Markling, who is retiring at the end of August to accept a position at The Venetian. ... (read more)
Caesars offers look at The Linq31 July 2013
LAS VEGAS -- Caesars Entertainment Inc. showed off its $550 million vision of urban renewal Tuesday. The casino operator is still seven months from finishing The Linq, which was designed as an eclectic urban streetscape suggested by New York City’s trendy Meatpacking District. The project transforms an ... (read more)
Multimedia Games reports rise in third-quarter profits31 July 2013
Slot machine manufacturer Multimedia Games, Inc. said Tuesday the company grew third-quarter profits after generating the company’s first sales into Atlantic City, while expanding its presence in Las Vegas. Multimedia Games, which is headquartered in Austin, Texas, with a sales and marketing office in Las ... (read more)
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