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Howard Stutz Gaming Guru - Page 110New online poker bill introduced in Washington12 July 2013
A Texas congressman and longtime Internet poker advocate introduced legislation Thursday that would allow states and Indian tribes to legalize the activity without fear of federal intervention. The bill, titled the Internet Poker Freedom Act of 2013, marks the second time Rep. Joe Barton, R-Texas, has tried to push federal Internet poker legislation through Congress. ... (read more)
Ultimate Gaming online poker site passes regulator's test12 July 2013
Ultimate Gaming, which is currently operating Nevada’s only legal Internet poker website, said Thursday it has completed its state-mandated field trial. The company, majority owned by Station Casinos, launched Ultimate Poker on April 30 and then began a field trial to prove the website meets state regulations covering interactive wagering. ... (read more)
MGM Resorts reorganizes corporate communications11 July 2013
LAS VEGAS -- MGM Resorts International announced three senior level promotions in the company’s government affairs, corporate communications and public relations departments. The casino operator promoted Alan Feldman to executive vice president of global government and industry affairs; Clark Dumont to ... (read more)
Penn National real estate move could become industry standard11 July 2013
LAS VEGAS -- Penn National Gaming, Inc.’s plan to split the regional casino giant into two publicly traded companies was granted preliminary approval by Nevada gaming regulators Wednesday. 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)
Caesars spinoff approved, will have $1.18 billion stock offer11 July 2013
LAS VEGAS -- State gaming regulators on Wednesday gave initial approval to a plan by Caesars Entertainment Inc. to spin Planet Hollywood Resort & Casino, its interactive gaming business and a planned Baltimore casino into a separate company majority owned by the gambling giant. Also, Caesars said in a filing with the U.S. ... (read more)
Indian casino project backed by Station Casinos moves ahead9 July 2013
After nearly a decade of debate, a central California Indian casino project backed by Station Casinos, Inc. moved a step closer last week toward actual development activities. A bill signed by Gov. Jerry Brown allows the North Fork Rancheria of Mono Indians to move forward with the planned $350 million project near a major state highway and the city of Madera, about 25 miles north of Fresno. ... (read more)
Markling stepping down from Gaming Control Board position9 July 2013
LAS VEGAS -- The chief of the Nevada State Gaming Control Board’s enforcement division is retiring at the end of August after more than two decades with the state agency. Jerry Markling has been the enforcement division chief since July 2005 and spent more than 22 years with the Gaming Control Board. ... (read more)
Outgoing Las Vegas Sands CFO cashes out $7.7 million in company stock6 July 2013
LAS VEGAS -- The outgoing chief financial officer for Las Vegas Sands Corp. cashed out almost $7.7 million in company stock the day after it was announced he was leaving the casino operator. According to an insider stock trade posted on Yahoo, Las Vegas Sands CFO Kenneth Kay sold 147,000 shares of company stock on June 26 at $52.28 per share on the New York Stock Exchange. ... (read more)
Caesars exec's work about to become complicated - but he likes it that way6 July 2013
LAS VEGAS -- Life is about to get more complicated for Caesars Interactive Entertainment CEO Mitch Garber. He wouldn’t have it any other way. With the World Series of Poker nearing the end of its six-week run at the Rio, Garber’s attention will focus on launching the tournament’s pay-to-play regulated online gaming website in Nevada. ... (read more)
IGT to reimburse Ader Group for expenses in proxy fight2 July 2013
LAS VEGAS -- Slot machine maker International Game Technology agreed Monday to reimburse a group headed by Wall Street analyst turned investor Jason Ader up to $2.5 million for expenses incurred during the recent proxy fight earlier this year. According to IGT, the settlement agreement calls for members of the Ader Group to observe certain standstill provisions for four years. ... (read more)
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