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Howard Stutz Gaming Guru - Page 124Caesars preparing to open its third casino in Ohio20 March 2013
Caesars Entertainment Inc. will open its third casino in Ohio on April 9. A 57,000-square foot casino will become part of the Thistledown Racetrack in North Randall, which is roughly 10 miles southeast of downtown Cleveland. The nearly 90-year-old facility is located on 128-acres and offers live racing from ... (read more)
Gaming's past, seen by someone who lived it19 March 2013
LAS VEGAS -- Bob Miller didn’t think much of the casino concept proposed to his father. The year was 1968. Miller was preparing to attend Loyola Law School in Los Angeles. Miller’s father, casino executive Ross Miller, allowed “a short, portly gentleman” to join the family’s traditional Sunday night dinner at the Riviera’s Hickory Room. ... (read more)
WMS investors will vote on proposed buyout on May 1119 March 2013
Shareholders of slot machine manufacturer WMS Industries Incorporated will vote May 10 whether to accept a $1.5 billion buyout offer from lottery equipment provider Scientific Games. WMS, which is has its corporate headquarters in Waukegan, Ill., said Monday the shareholder meeting will take place at the Waldorf-Astoria Hotel in Chicago. ... (read more)
American Casino reports more losses in fourth quarter19 March 2013
LAS VEGAS -- Stratosphere Casino Hotel and Tower owner American Casino & Entertainment Properties, LLC grew its net loss in the fourth quarter, blaming softness in hotel occupancy and a lower gaming revenues in the Las Vegas locals market. The company, which also owns the two Arizona Charlie’s casinos and ... (read more)
New York hotel developer joins Caesars in Bill's Gamblin' Hall remodeling19 March 2013
LAS VEGAS -- Caesars Entertainment Inc. announced Monday it is partnering with a New York City-based luxury hotel operator in the $185 million redevelopment of the now-closed Bill’s Gamblin’ Hall and Saloon. Gansevoort Hotel Group, which operates boutique hotels in New York City’s Meatpacking District, on ... (read more)
SLS, Resorts World projects bring new energy to Strip's north end19 March 2013
LAS VEGAS -- Now comes the easy part. Transforming the Rat Pack-era Sahara into the luxury-boutique SLS Las Vegas may be the smoothest aspect of this process started by Los Angeles-based SBE Entertainment Group, LLC in 2007. The company plans to unveil the 1,620-room SLS Las Vegas in fall 2014. Penta Building Group began the 18-month renovation of the old Sahara building last month. ... (read more)
Proxy fight looms over control of Affinity Gaming19 March 2013
LAS VEGAS -- A potential proxy fight over control of Affinity Gaming involves the company’s two largest shareholders with separate proposals for changing the makeup of the casino operator’s board of directors. Illinois-based private equity firm Z Capital Partners, which controls 30.5 percent of Affinity, ... (read more)
Cosmopolitan of Las Vegas begins player-sharing program with Hard Rock Biloxi15 March 2013
The Cosmopolitan of Las Vegas and the Hard Rock Hotel & Casino Biloxi in Mississippi have agreed on a player-sharing program in which top customers at each casino can visit the other property. According to the Sun Herald in Biloxi, Gulf Coast players can earn trips to the Las Vegas Strip while Cosmopolitan players can try their luck in southern Mississippi. ... (read more)
Kerkorian may increase ownership stake in MGM Resorts15 March 2013
LAS VEGAS -- He’s back. Less than two years after saying it was exploring the sale of its stake in MGM Resorts International, the private investment arm of billionaire Kirk Kerkorian said in a regulatory filing Thursday it might reverse course. Los Angeles-based Tracinda Corp., which is the largest ... (read more)
PokerStars-AGA showdown in Atlantic City postponed14 March 2013
The New Jersey Casino Control Commission postponed a vote Wednesday that could allow the American Gaming Association (AGA) to participate in the licensing case of PokerStars’ purchase of a failing Atlantic City casino. PokerStars’ parent company, The Rational Group of Isle of Man, wants to buy The Atlantic ... (read more)
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