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Howard Stutz Gaming Guru - Page 122Penn National plans to build Hollywood-brand casino in San Diego8 April 2013
Regional casino giant Penn National Gaming, Inc., which owns M Resort, announced plans Friday to enter San Diego’s Indian gaming market. The company, which is based in Wyomissing, Pa., announced an agreement to build a $360 million Hollywood-branded casino project for the Jamul Indian Village. The ... (read more)
Ex-executive's testimony could shift Adelson trial's tone8 April 2013
LAS VEGAS -- During the 2008 breach-of-contract trial between Hong Kong businessman Richard Suen and Las Vegas Sands Corp., Sheldon Adelson went to great pains to correct his testimony after suggesting that Bill Weidner, who was then president of the company, had breached fiduciary responsibility to the casino operator. ... (read more)
Unions, MGM and Caesars poised to begin contract talks5 April 2013
LAS VEGAS -- Representatives from two unions and the Strip’s two major casino operators will begin contract negotiations today covering thousands of hotel and restaurant workers at some 20 resorts. Five-year collective bargaining agreements covering Culinary Workers Local 226 and Bartenders Local 165 ... (read more)
Vietnam government OKs changes to development partly owned by Pinnacle Entertainment5 April 2013
The government of Vietnam on Thursday formally approved requested amendments to the investment certificate of Asian Coast Development in the company’s planned Ho-Tram Strip project that is 24 percent owned by Pinnacle Entertainment, Inc. Banks had suspended a $175 million credit agreement for the project until the government had approved the amendments. ... (read more)
Las Vegas Sands pushing for Florida casino, but gaming expansion still stalled4 April 2013
LAS VEGAS -- Las Vegas Sands Corp. hasn’t given up on Florida. On Tuesday, the casino company’s Florida lobbyist told state lawmakers they should “go big” in an expansion of gaming in the state. According to the Sunshine State News, Nick Iarossi, a lobbyist for Las Vegas Sands, told Florida’s House Select ... (read more)
Station Casinos-owned Ultimate Poker taps Esfandiari as brand ambassador3 April 2013
LAS VEGAS -- Station Casinos, Inc.-owned Ultimate Poker, which has yet to launch its pay-to-play website in Nevada, has a brand ambassador. The company, which has been licensed by state gaming regulators but is waiting for approval of its technology by testing laboratories, announced Tuesday that it has signed poker champion Antonio Esfandiari to promote the website. ... (read more)
Macau gaming revenues hit single-month record of $3.92 billion in March3 April 2013
Any predictions of a slowdown in Macau’s gaming market are long forgotten. The Chinese gaming enclave shattered the region’s monthly gaming revenue record in March, with casinos collecting more than $3.92 billion from gamblers during the month. The figure eclipsed the previous one-month record of $3.5 billion in gaming revenues, which was set in December. ... (read more)
Galaxy Gaming reverses losses in fourth quarter, full year 20122 April 2013
LAS VEGAS -- Table game provider Galaxy Gaming on Monday said it reversed net losses in the fourth quarter and for all of 2012. Las Vegas-based Galaxy, which has shares traded over-the-counter, said its net income of $601,000 in the quarter ended Dec. 31 reversed a net loss of $10,000 in the same quarter of 2011. ... (read more)
Caesars Entertainment leads gains in casino share prices2 April 2013
LAS VEGAS -- Shares of Caesars Entertainment Inc. posted strong gains in March, adding to increases in the previous month. The casino giant saw its average daily stock price increase more than 39 percent during the month, after February’s 46 percent jump. Brian Gordon — a principal with Las Vegas-based ... (read more)
Colorado casinos boost fourth-quarter revenues for Affinity Gaming2 April 2013
LAS VEGAS -- Casino operator Affinity Gaming grew revenues 4.6 percent in the fourth quarter, primarily through the company’s three casinos in Colorado that were purchased last year. The Las Vegas-based company said Monday that total revenues increased to $97.7 million in the quarter that ended Dec. ... (read more)
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