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Howard Stutz Gaming Guru - Page 107Regional casino deal helps Boyd Gaming boost profits; shares soar31 July 2013
LAS VEGAS -- Last year’s acquisition of a regional casino operator helped Boyd Gaming Corporation grow profits and results in the second quarter, the company said Tuesday. Las Vegas-based Boyd said its net income for the quarter that ended June 30 was $11.6 million, or 13 cents per share. A year ago, the company reported net income of $1 million, or 1 cent per share. ... (read more)
Caesars considers other ways to grow results30 July 2013
LAS VEGAS -- Caesars Entertainment Inc. is looking at other ways to grow results after reporting another quarterly net loss. The casino operator, which has more than 50 gambling properties across the U.S. and Canada, including 10 on or near the Strip, is developing new resorts with an emphasis on nongaming amenities. ... (read more)
Station Casinos launching mobile sports wagering app in time for football season29 July 2013
LAS VEGAS -- Station Casinos, Inc. is launching a sports wagering application for mobile devices, but the casino operator doesn’t believe the activity will take away business from the company’s sports books. The application, Sports Connection Mobile, allows Station Casinos’ customers to place wagers on sporting events through mobile phones and tablet PCs. ... (read more)
Bullish on Detroit gaming despite bankruptcy29 July 2013
Back in 1996, when Michigan voters authorized three casinos in downtown Detroit, opponents said legal gambling would destroy the city. Detroit is now bankrupt. Ironically, gaming tax revenues are helping the Motor City avoid a total meltdown. In the municipality’s Chapter 9 bankruptcy filing on July 19, ... (read more)
Nevadan at work: Executive prepares to lead Caesars into real-money online gaming29 July 2013
LAS VEGAS -- As an associate with global management consulting firm Bain & Co., Geoffrey Stewart grew accustomed to offering advice to high-level executives of Fortune 500 corporations. Now, as he prepares to lead Caesars Entertainment Inc.’s launch into regulated, real-money online gaming, Stewart is adjusting to being on the receiving end. ... (read more)
Convicted slot cheat becomes Black Book member26 July 2013
LAS VEGAS -- A convicted slot machine cheat became the first new member of Nevada’s Excluded Person List, commonly referred to as the Black Book, in almost four years. The Nevada Gaming Commission and Control Board Thursday unanimously placed Roderick William Dee II on to the list, which makes it a felony for that person to enter a Nevada casino. ... (read more)
Zynga won't pursue Nevada gaming license26 July 2013
Social gaming giant Zynga Inc. said Thursday it would no longer pursue a Nevada gaming license. The San Francisco-based technology company had filed an application with state gaming regulators for a finding of suitability, the initial step in obtaining Nevada gaming license. The company made the announcement in its second-quarter earnings statement. ... (read more)
Ultimate Gaming wins final OK from regulators; 9.1 million poker hands dealt26 July 2013
LAS VEGAS -- Ultimate Gaming gained final approval Thursday from the Nevada Gaming Commission and Control Board to operate what is currently the state’s only legal Internet poker website. The company, which is majority owned by Station Casinos, Inc., launched Ultimate Poker on April 30 and then began a field trial to prove the website meets state regulations covering interactive wagering. ... (read more)
Gaming Commission OKs Penn National's plan to split into two26 July 2013
LAS VEGAS -- Penn National Gaming, Inc.’s plan to split the regional casino giant into two publicly traded companies was approved on Thursday by the Nevada Gaming Commission and Control Board. The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT. ... (read more)
Gaming Commission OKs plans for Caesars spinoff26 July 2013
LAS VEGAS -- Nevada gaming commissioners on Thursday approved Caesars Entertainment Inc.’s plan to spin Planet Hollywood Resort, its interactive gaming business and a planned Baltimore casino into a separate company majority owned by the gambling giant. Caesars officials said the transaction could close by the fall. ... (read more)
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