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Howard Stutz Gaming Guru - Page 115Glitch that allowed WSOP gambling website to accept wagers corrected31 May 2013
LAS VEGAS -- An online gambling website based on the World Series of Poker that is awaiting final approval from Nevada gaming regulators accidentally went live Wednesday for a brief time but was shut down quickly when the glitch was discovered. Caesars Interactive Entertainment, which operates the World Series of Poker, informed gaming regulators of the error. ... (read more)
FTC questions Pinnacle Entertainment's bid for Ameristar Casinos30 May 2013
Pinnacle Entertainment, Inc.’s $2.8 billion buyout of Ameristar Casinos, Inc. is in jeopardy after the Federal Trade Commission said the deal violates U.S. antitrust law. In a 17-page administrative complaint issued Wednesday, the FTC said the merger between the two Las Vegas-based regional casino operators “would reduce competition” in St. ... (read more)
Gaming industry's indecision blamed for demise of federal Web poker measure29 May 2013
LAS VEGAS -- A former Nevada congressman turned lobbyist said Tuesday that the gaming industry’s indecisiveness toward online gambling a few years ago scuttled chances for passage of a federal bill to legalize and regulate Internet poker. Jon Porter, who represented Nevada’s 3rd Congressional District for ... (read more)
Las Vegas Sands hires Deloitte & Touche as outside auditor28 May 2013
LAS VEGAS -- A month after parting ways with its long-time auditor, Las Vegas Sands Corp. has appointed Deloitte & Touche LLP to serve as the casino operator’s independent outside accounting firm. In a filing late Friday with the Securities and Exchange Commission, Las Vegas Sands said Deloitte & Touche would audit the company’s financial reporting through the end of the year. ... (read more)
Caesars Entertainment not a Wall Street superstar28 May 2013
LAS VEGAS -- Wall Street still isn’t sold on the efforts by Caesars Entertainment Inc. to get out from under more than $20 billion of long-term debt. Caesars, which operates 10 casinos on or near the Strip, reported a 2.9 percent decline in net revenue for the first quarter earlier this month. But what troubles the analyst community was a net loss of $217.6 million, or $1.74 per share. ... (read more)
Inside gaming: Legal hangover: Another sequel to Las Vegas Sands trial could prove expensive27 May 2013
by Howard Stutz LAS VEGAS, Nevada -- Sequels are never as good as the original. Just ask Las Vegas Sands Corp. Chairman Sheldon Adelson. Apparently, he wants to star in his own version of “The Hangover Part III.” Las Vegas Sands has lost the same breach of contract lawsuit twice in Clark County District Court. ... (read more)
Thrill ride between two Rio towers planned23 May 2013
LAS VEGAS -- A zip line-like thrill ride will connect the two towers of the Rio All-Suite Hotel & Casino and send guests soaring more than 400 feet above the off-Strip hotel-casino. The attraction, dubbed the VooDoo Skyline, is expected to open this summer, officials with the project said Wednesday. ... (read more)
Management team led by ex-LV Sands boss to oversee Bahamas project23 May 2013
LAS VEGAS -- A management company headed by former Las Vegas Sands Corp. President Bill Weidner will oversee the centerpiece resort of a $3.5 billion hotel-casino complex in the Bahamas. Baha Mar Ltd. announced Tuesday night that Global Gaming Asset Management of Las Vegas will operate the Baha Mar Casino & Hotel, which is scheduled to open in December 2014. ... (read more)
Culinary votes to raise dues in event of strike22 May 2013
LAS VEGAS -- Culinary Workers Local 226 members voted overwhelmingly Monday to raise dues by $25 in the event of a strike this year against Strip and downtown resorts. About 92 percent of the Culinary members who participated in the vote supported the increase. Members also approved a permanent $4 increase to dues in 2014 and in 2015. ... (read more)
Toronto City Council votes to kill casino project22 May 2013
The Toronto City Council went ahead with a vote Tuesday to kill a casino project proposed for the downtown area that attracted interest from Nevada largest gaming companies. City Council members voted against the project, despite a move last week by the mayor to take the issue off the table. The special meeting was called by a majority of the council against the objections of the mayor. ... (read more)
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