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Howard Stutz Gaming Guru - Page 121Penn National joining party in Indian gaming market15 April 2013
Penn National Gaming, Inc. is not the first commercial casino company to jump into the Indian gaming market. It probably won’t be the last. Tribal gaming operations and Nevada casino operators are finding coexistence. On April 5, Penn National said it would partner with the Jamul Indian Village of San ... (read more)
Travel group executive is top choice to head American Gaming Association12 April 2013
A top executive from the U.S. Travel Association is the leading candidate to replace retiring American Gaming Association President Frank Fahrenkopf. The Washington, D.C., lobbying group’s board of directors will vote Wednesday on the hiring of Geoff Freeman, who is now the travel association’s chief operating officer. ... (read more)
New Gaming Caucus formed in Congress12 April 2013
U.S. Rep. Joe Heck, R-Nev., and a House Democrat from Mississippi are trying to form a bipartisan Congressional Gaming Caucus to focus on gaming issues and policy. Heck and Rep. Bennie Thompson sent a letter to members of Congress earlier this month seeking caucus members. They hope the group includes representatives whose districts have casinos or are considering gaming expansion, Heck said. ... (read more)
Former technology CEO named to MGM Resorts board11 April 2013
LAS VEGAS -- The former chief executive of a technology firm has joined the board of directors of MGM Resorts International. The casino operator announced Wednesday that Greg Spierkel was elected to his new post at Tuesday’s board meeting. He becomes the 12th member of the board. Spierkel, 56, spent seven ... (read more)
Nevada February gaming revenues jump 15.1 percent; Strip casinos up 31.2 percent11 April 2013
LAS VEGAS -- A calendar shift that moved the lucrative Chinese New Year holiday into February sent Nevada gaming revenues soaring, contributing to the largest single-month total ever for the Strip. Nevada casinos collected $1.073 billion in gaming revenues during February, a 15.1 percent increase compared ... (read more)
Caesars Entertainment partner Rock Gaming licensed to take over Detroit11 April 2013
LAS VEGAS -- The partner of Caesars Entertainment Inc. in two Ohio casinos and a planned project in downtown Baltimore soon will own a gaming hall in their hometown of Detroit. Rock Gaming, which is controlled by Detroit businessman Dan Gilbert, won approval this week from Michigan gaming regulators to take over ownership of the Greektown Casino. ... (read more)
Analyst sees little enthusiasm for Texas casino push10 April 2013
A new push for gaming expansion in Texas drew muted commentary from analysts Tuesday. They have been down that road before. A Texas state senator said this week that he has support for legislation to bring 21 large and small casinos to Texas and create a state gaming commission. Casino expansion bills ... (read more)
Worries of avian flu outbreak in China have kept lid on Macau gaming stocks9 April 2013
One would think that after a record-setting gaming revenue month for Macau, share prices of the three Nevada casino operators doing business in the Chinese gaming enclave would skyrocket. Guess again. Shares of Wynn Resorts, Limited, Las Vegas Sands Corp. and MGM Resorts International saw little movement ... (read more)
Primm store poised to reap benefits of California's Powerball status8 April 2013
The Primm Valley Lotto Store isn’t much of a convenience outlet. Bottled beverages and ice make up 100 percent of its inventory. But that wasn’t why it was opened in 1992 on the California side of the border with Nevada, just off Interstate 15 and adjacent to the three Primm Valley casinos. Because in part of its proximity to Las Vegas, the store regularly ranks as the No. ... (read more)
Reappointment of Gaming Commission members confirmed8 April 2013
LAS VEGAS -- Gov. Brian Sandoval will keep the five-member Nevada State Gaming Control Board Gaming Commission intact for another year. Sandoval spokeswoman Mary-Sarah Kinner confirmed the governor has reappointed Las Vegas attorneys Joe Brown and John Moran Jr. to new four-year terms as members of the commission. ... (read more)
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