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Howard Stutz Gaming Guru - Page 108Pinnacle Entertainment sells Louisiana casino project to Golden Nugget26 July 2013
LAS VEGAS -- Pinnacle Entertainment, Inc. announced a deal Thursday to sell an under-construction hotel-casino complex in Lake Charles, La., to the company that owns the Golden Nugget. The transaction satisfies a portion of a settlement reached with the Federal Trade Commission to avoid any antitrust issues in the Las Vegas-based company’s $2.8 billion buyout of Ameristar Casinos, Inc. ... (read more)
Missouri regulators sign off on Pinnacle-Ameristar deal25 July 2013
LAS VEGAS -- Pinnacle Entertainment, Inc.’s $2.8 billion buyout of Ameristar Casinos, Inc. received the last state regulatory approval needed to finalize the transaction Wednesday. The Missouri Gaming Commission approved the acquisition, which will create a regional casino company with 17 properties in nine states. ... (read more)
Las Vegas Sands CEO Sheldon Adelson blisters Strip competitors25 July 2013
LAS VEGAS -- Las Vegas Sands Corp. grew profits 120 percent in the second quarter, fueled by record results in Macau. But during the company’s quarterly earnings conference call with analysts Wednesday, billionaire Chairman Sheldon Adelson provided a few off-the-cuff choice comments directed toward the ... (read more)
MGM Resorts International creates four new positions25 July 2013
LAS VEGAS -- MGM Resorts International announced Wednesday it created four new positions within the company’s corporate diversity, philanthropy and community engagement department. Ondra Berry, Shelley Gitomer and Tony Gladney will assume new vice president positions at the company while Patty Coaley has been promoted to an executive director role. ... (read more)
Social gaming products help boost IGT profits, revenues24 July 2013
LAS VEGAS -- A boost in results from its social gaming products helped slot machine maker IGT - International Game Technology increase profits and revenues in the third quarter. The company, which has headquarters in both Las Vegas and Reno, said Tuesday that its net income was $65.7 million, or 25 cents ... (read more)
Titus wants House panel to conduct hearing on Web gaming24 July 2013
LAS VEGAS -- Rep. Dina Titus, D-Nev., said Tuesday she wants a House of Representatives committee to hold a hearing on the current state-by-state expansion of Internet gaming. In a letter to both the chairman and the ranking member of the House Committee on Energy and Commerce, Titus said Congress needs to ... (read more)
Penn links weak earnings to bad weather, less interest in gambling24 July 2013
Regional casino giant Penn National Gaming, Inc. said Tuesday bad weather in several markets and a reduced interest in gambling by customers led to poor second quarter results. The company, which operates M Resort in Henderson, said it lost $12.2 million or 16 cents a share in the quarter that ended June 30. ... (read more)
Flying J Truck Stop opens at Whiskey Pete's23 July 2013
A Flying J Truck Stop has opened at Whiskey Pete’s Hotel and Casino at Primm Valley, expanding the services offered at the casino location on the Nevada-California border. The 13,000-square-foot Flying J has a professional drivers’ lounge with flat screen televisions, seven private showers and a commercial laundry facility. ... (read more)
Business partnership between MGM Resorts, Hyatt begins to gain popularity22 July 2013
LAS VEGAS -- Hyatt Hotels may not operate a resort complex on the Strip, but that doesn’t mean frequent customers of the worldwide lodging chain are on the outside looking in. Members of Hyatt’s loyalty program have access to hotel rooms at a dozen Strip-area resorts, including the MGM Grand Las Vegas, Mandalay Bay Resort & Casino, Aria Resort & Casino and Bellagio. ... (read more)
Bally adds SHFL in friendly merger22 July 2013
LAS VEGAS -- Gavin Isaacs and Ramesh Srinivasan held co-chief operating officer titles at slot machine giant Bally Technologies, Inc. during the company’s stunning growth in the past decade. Isaacs oversaw slot machine development and sales. Srinivasan managed the systems division. Isaacs, 49, is a former corporate lawyer from Sydney, Australia. ... (read more)
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