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Howard Stutz Gaming Guru - Page 113PokerStars chief executive agrees to $50 million forfeiture17 June 2013
The chief executive of online gaming giant PokerStars agreed to forfeit $50 million to federal prosecutors to rid his himself of a two-year-old complaint filed by the U.S. government. In a settlement agreement this week with the Department of Justice, the money being paid by PokerStars CEO Mark Scheinberg ... (read more)
Despite deal, lottery not coming to Nevada any time soon17 June 2013
LAS VEGAS -- Let’s halt one rumor before it gains traction. Scientific Games Corporation’s $1.5 billion acquisition of slot machine manufacturer WMS Industries Incorporated doesn’t mean a statewide lottery is headed to Nevada. New York-based Scientific Games provides lottery systems and equipment to U.S. ... (read more)
NASCAR race to be named Boyd Gaming 30014 June 2013
LAS VEGAS -- Boyd Gaming Corporation, the primary sponsor of the annual NASCAR Nationwide Series race in Las Vegas, will now be reflected in the name. The Las Vegas Motor Speedway announced Thursday the race will be named the Boyd Gaming 300 beginning in 2014. The race had been known as the Sam’s Town 300. ... (read more)
Pinnacle Entertainment lands $3 billion in financing for buyout14 June 2013
LAS VEGAS -- Pinnacle Entertainment, Inc. secured almost $3 billion in financing needed to complete its $2.8 buyout of rival regional gaming operator Ameristar Casinos, Inc. In a filing late Wednesday with the U.S. Securities and Exchange Commission, Las Vegas-based Pinnacle said more than a dozen ... (read more)
Sweet delight: New York-New York to house giant candy brands12 June 2013
LAS VEGAS -- The Strip’s New York-New York Hotel & Casino, home to a faux Statue of Liberty and a scaled-down version of the Brooklyn Bridge, will soon house an 18-foot-tall replica of a Reese’s Peanut Butter Cup and other oversized candy brands. Hershey’s released details Tuesday of the planned Hershey’s Chocolate World that will occupy 13,000 square feet inside New York-New York. ... (read more)
A parallel universe? Reno outpaces Las Vegas in gaming revenue11 June 2013
LAS VEGAS --Remember the original “Star Trek” television series episode titled “Mirror, Mirror,” in which members of the Enterprise crew were transported to a parallel universe with an alternate reality? That was Nevada in April. Reno bailed out Las Vegas. Nevada gaming revenues fell less than 1 percent ... (read more)
Pinnacle, Ameristar merger may drag into next year10 June 2013
LAS VEGAS -- Federal antitrust regulators had few questions when a trifecta of casino industry mergers — just under $20 billion in combined value — created the Strip’s two largest corporate ownerships and a regional gaming giant nearly a decade ago. But last month, the Federal Trade Commission halted ... (read more)
Gaming regulators caution casinos about Google Glass10 June 2013
LAS VEGAS -- State gaming regulators cautioned the casino industry Monday about the use of Google Glass by customers, saying the wearable computers could be used as a cheating device by gamblers. In a memo published Monday on the Gaming Control Board website, Enforcement Division Chief Jerry Markling said ... (read more)
Down on the Farmville, Zynga wrestles with multiple issues10 June 2013
Things are not all peaceful down on the farm. Social gaming giant Zynga Inc., which has a grand vision of converting its platform into a real-money, pay-to-play online gambling format in Nevada, slashed 18 percent of its workforce and closed multiple offices to cut costs this past week. The San ... (read more)
Nevada gaming revenues slip slightly in April; Reno outpaces Las Vegas10 June 2013
LAS VEGAS -- Nevada gaming revenues fell less than 1 percent in April as a jump in figures from the Reno market helped offset a loss on the Strip. The Nevada State Gaming Control Board Gaming Commission said Monday that gaming revenues collected by casinos statewide were $854.3 million, down 0.16 percent compared with $855.7 million collected in April 2012. ... (read more)
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