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Howard Stutz Gaming Guru - Page 117Sandoval: Deals with other states on Web poker possible17 May 2013
LAS VEGAS -- Gov. Brian Sandoval said Thursday he has held preliminary talks with other state governors on partnering with Nevada on Internet poker. Sandoval didn’t name the states but gaming sources said Texas could be a target. Sandoval, a Republican, supported Texas Gov. Rick Perry’s brief run for the GOP’s presidential nomination last year. ... (read more)
London casino accuses Phil Ivey of cheating at baccarat16 May 2013
LONDON -- (FROM STAFF AND WIRE REPORTS) -- Casino giant Genting Group is accusing poker champion Phil Ivey of amassing millions of dollars in winnings by cheating at a version of baccarat. Court papers filed in Britain’s High Court by the Malaysia-based casino operator say that Ivey and an accomplice ... (read more)
Wynn reiterates: Nevada casinos "in ill health"15 May 2013
LAS VEGAS -- Wynn Resorts, Limited Chairman Steve Wynn defended his recent remarks to Nevada lawmakers on the health of the gaming industry while voicing support for a broad-based tax on all companies and businesses earning more than $1 million annually. Wynn, who traveled to Carson City on May 1 and met ... (read more)
Affinity shareholders vote to expand board15 May 2013
LAS VEGAS -- Shareholders of Affinity Gaming voted Tuesday to expand the Las Vegas-based casino operator’s board of directors from five members to seven. Elected to Affinity’s board were Thomas M. Benninger, Matthew A. Doheny, Randall A. Fine, Don R. Kornstein, Richard S. Parisi, David D. Ross and Eric V. ... (read more)
Station Casinos reports loss, sees revenues dip15 May 2013
LAS VEGAS -- Station Casinos, Inc. said Tuesday the company’s net revenues fell 2 percent in the first quarter as customers, feeling the effects of increased taxes and delays to federal tax refunds, gambled less. The local casino operator recorded a net loss of $142.1 million for the quarter that ended March 31, which was primarily because of the company’s $2.475 billion debt restructuring. ... (read more)
Challenge emerges after jurors return $70 million verdict against Las Vegas Sands15 May 2013
LAS VEGAS -- In a verdict challenged just four minutes after it was read, a 12-person jury awarded Hong Kong businessman Richard Suen $70 million for the consulting work he did a dozen years ago to help Las Vegas Sands Corp. enter the booming Macau market. The jury reached its decision at mid-morning on Tuesday after starting deliberations late Friday afternoon but not working over the weekend. ... (read more)
Dubai World official says it would be willing to sell shares in MGM Resorts15 May 2013
LAS VEGAS -- One of the largest shareholders in MGM Resorts International said Tuesday it would be willing to sell its stake in the hotel-casino operator for the right price. In an interview with Dow Jones News Service, a representative of Dubai World, the investment arm for the Persian Gulf emirate, said it rejected an offer for its 5.3 percent ownership as late as last year. ... (read more)
Ultimate Poker, unlicensed service provider relationship probed14 May 2013
LAS VEGAS -- State gaming regulators are looking into the relationship between 2-week-old Internet poker website Ultimate Poker and an unlicensed service provider used to identify new players. In an email, Nevada State Gaming Control Board Chairman A.G. Burnett said gaming agents are working with officials from Ultimate, which is majority owned by Station Casinos, Inc. ... (read more)
Atlantic Club awaits its future13 May 2013
ATLANTIC CITY, N.J. -- On a seasonably pleasant Friday afternoon in late April, The Atlantic Club Chief Operating Officer Michael Frawley and PokerStars spokesman Eric Hollreiser acted like cozy business partners. PokerStars owner Rational Group, which is based in Isle of Man, was moving forward with plans ... (read more)
WMS shareholders approve buyout by Scientific Games13 May 2013
LAS VEGAS -- Shareholders of slot machine manufacturer WMS Industries Incorporated approved the company’s $1.5 billion buyout by lottery provider Scientific Games Corporation. More than 99 percent of votes cast at the meeting Friday were in favor of the buyout, in which WMS shareholders will receive $26 per share. ... (read more)
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