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Howard Stutz Gaming Guru - Page 12

Howard Stutz
 
 

Skill-based slots won't take over the casino floor

12 October 2015
Let's be clear from the outset: The Strip casino of the future isn't going to look like your child's Xbox or PlayStation. But gaming industry leaders seemed unified in an opinion expressed over the four-day Global Gaming Expo in Las Vegas — changes have to be made in the slot machine floor over the next few years if casinos are going to attract a younger customer base. ... (read more)
 

Smaller, midsize companies poised for seat at the table

12 October 2015
As the gaming equipment manufacturing sector coalesced in the last two years through almost $17 billion in mergers, Joc Pececnik quietly watched with keen interest and personal insight. In 2006, Pececnik sold 50% of his Slovenia-based Interblock Gaming, a developer of multi-player electronic table games, to Australian slot machine manufacturer Aristocrat Technologies. ... (read more)
 

Caesars asks judge to extend bankruptcy period until March

9 October 2015
Caesars Entertainment Corp. asked a federal bankruptcy judge Thursday to extend the exclusivity date on the reorganization plan for its largest operating division to March 15. In a statement, the company the extension would give the casino operator additional time to work out an agreement with second tier ... (read more)
 

Titus calls for hearings on legality of daily fantasy sports

9 October 2015
Add Rep. Dina Titus (D-Nev.) to the list of congressional representatives requesting hearings be held on the legalities of daily fantasy sports businesses that have come under fire over cheating allegations and concerns the industry is largely unregulated. In a letter Thursday to the chairman and the ... (read more)
 

Cybersecurity expert warns Sands employees about hacks, phishing

8 October 2015
Hackers and cyberterrorists have become so adept at cracking firewalls covering the websites of Fortune 500 corporations that companies now need to transition into detection and response efforts, a former assistant director of the FBI told an audience of Las Vegas Sands Corp. employees. Shawn Henry, ... (read more)
 

Nazarian sells stake in SLS Las Vegas

7 October 2015
SLS Las Vegas Hotel & Casino visionary Sam Nazarian will sell his company's 10 percent stake in the Strip resort to majority owner Stockbridge Capital Partners, ending his eight-year association with the property, formerly known as the Sahara. Under terms of the agreement announced Tuesday, San ... (read more)
 

Analyst finds 'growing momentum' in Las Vegas locals casino market

7 October 2015
One analyst decided to escape the mind-numbing overload of last week's Global Gaming Expo and check out the resurgent Las Vegas locals gaming market. Thomas Allen of Morgan Stanley told investors he liked what he saw. "General managers appeared optimistic around growing momentum in the market," Allen wrote in a research report Monday. ... (read more)
 

Chinese government may take steps to save Macau casino industry

5 October 2015
The Chinese government may step in to help stem the bleeding within Macau's plummeting gaming market. According to local Macau media Friday, the liaison office between Mainland China and Macau expects the Beijing government to release measures that would support Macau's economy, notably the casino industry. ... (read more)
 

Downtown Grand says 'We want gamblers'

5 October 2015
The Downtown Grand Las Vegas missed the gaming resurgence that has boosted Fremont Street in the past 12 months. Of course, the hotel-casino isn't located underneath the Fremont Street Experience canopy. The street address is not the issue challenging the 2-year-old property, which often appears empty compared to its competition along downtown's main pedestrian drag. ... (read more)
 

eSports pioneer doesn't believe casinos are doing enough for customers

2 October 2015
Rahul Sood admitted at the outset of his Thursday morning keynote address at the Global Gaming Expo that it had been awhile since he visited Las Vegas. He also wondered if comments about the traditional casino industry might cause him to end up "in a six-foot hole in desert." Sood, 42, CEO and co-founder ... (read more)

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