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Howard Stutz Gaming Guru - Page 125PokerStars attorneys ridicule AGA move13 March 2013
LAS VEGAS -- Attorneys for online gaming giant PokerStars.eu said an attempt by the American Gaming Association (AGA) to block the company from buying a failing Atlantic City casino was a “thinly veiled anti-competitive campaign” to keep new ownership out of the market. In a lengthy letter to New Jersey ... (read more)
FTC approves Scientific Games Corp. acquisition of WMS Industries12 March 2013
LAS VEGAS -- The Federal Trade Commission signed off Monday on the Scientific Games Corporation's $1.5 billion acquisition of slot machine maker WMS Industries Incorporated. In a joint statement, the companies announced they have been notified by the FTC of "early termination of the waiting period under the ... (read more)
Analysts give mixed reviews for Genting's Strip plans12 March 2013
LAS VEGAS -- Last week's news that Genting Group had bought the moribund Echelon property and would build out a $2 billion to $7 billion Strip hotel-casino complex was hailed as good news for recession-weary Las Vegas. But not all analysts are sanguine about adding another 3,500 hotel rooms to an already saturated resort destination. ... (read more)
I was wrong about Echelon12 March 2013
LAS VEGAS -- I admit when I'm wrong. It's not like I've never made a mistake. My wife and daughter - primarily my daughter - remind me I'm wrong all the time. My brother Craig has his day made when he catches me in an error, especially when it comes to sports trivia. But no one took more pleasure in correcting my judgment recently than Boyd Gaming Corporation CEO Keith Smith. ... (read more)
Nevada gaming revenues fall 12.4 percent in January11 March 2013
LAS VEGAS -- Gaming revenues in January fell 12.4 percent statewide and 18.7 percent on the Strip based on a challenging comparison to figures produced by Nevada's resort industry a year ago. The Nevada State Gaming Control Board Gaming Commission said Friday that Nevada casinos collected $909.2 million from customers during January, down from $1.038 billion a year ago. ... (read more)
MGM Resorts ends agreement to manage hotel-casino in Vietnam8 March 2013
LAS VEGAS -- MGM Resorts International terminated its agreement to manage a hotel-casino development in Vietnam that is partially owned by Pinnacle Entertainment, Inc. In a filing Thursday with the U.S. Securities and Exchange Commission, Pinnacle disclosed that MGM Resorts exercised its right to end the agreement because the project did not achieve certain pre-opening milestones before March 1. ... (read more)
Affinity Gaming disputes lawsuit filed by shareholder7 March 2013
LAS VEGAS -- Affinity Gaming said Wednesday a lawsuit filed by its largest shareholder lacked merit. In a statement, the Las Vegas-based casino company said it had not received the complaint, but viewed a regulatory filing about the allegations raised by Illinois-based private equity firm Z Capital Partners. ... (read more)
European online gamer recommended for Nevada interactive gaming license7 March 2013
The Nevada State Gaming Control Board Gaming Commission spent almost two hours Wednesday delving into the background of European online gaming operator 888 Holdings Plc, which is seeking an interactive Nevada gaming license. After recommending that Gibraltar-based 888 be approved for the state's 20th ... (read more)
IGT stockholders re-elect seven board members, choose one backed by dissidents6 March 2013
LAS VEGAS -- IGT - International Game Technology stockholders re-elected seven of the slot machine giant's current board members but also selected one nominee proposed by a dissident group of shareholders. At the company's annual meeting in Las Vegas on Tuesday, IGT said shareholders decided to replace ... (read more)
PokerStars says Caesars offered to sell Rio, World Series of Poker6 March 2013
Caesars Entertainment Corp. reportedly offered to sell the off-Strip Rio All-Suite Hotel & Casino and the World Series of Poker to PokerStars, a spokesman for the owner of the online gaming business claimed in an email Tuesday. The statement by Eric Hollreiser, head of corporate communications for The ... (read more)
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