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Howard Stutz Gaming Guru - Page 128Largest Affinity Gaming shareholder proposes buying all outstanding shares12 February 2013
LAS VEGAS -- The largest stockholder in Affinity Gaming has proposed purchasing all outstanding shares of the Las Vegas-based casino operator at a 22 percent premium over the current value. In a letter Monday to Affinity's board of directors that was filed with the Securities and Exchange Commission, ... (read more)
MGM Resorts seeks return to Atlantic City gaming market12 February 2013
LAS VEGAS -- MGM Resorts International, which gave up its ties to Atlantic City's casino market nearly three years ago to settle a dispute with New Jersey gaming regulators, is seeking to regain a piece of the action. The Las Vegas casino giant, which still owns 50 percent of Atlantic City's market-leading ... (read more)
N.Y. investment firm questions IGT's decision-making11 February 2013
A New York-based investment firm Thursday became IGT - International Game Technology's first outside shareholder to publicly question the slot machine manufacturer's management decision-making since a proxy fight surfaced last month over the company's direction. In an open letter to IGT Chairman Phil Satre, ... (read more)
Ex-gaming analyst finds new niche inside industry11 February 2013
LAS VEGAS -- Marc Falcone always knew that one day he would quit being a spectator and get into the action. So it was no surprise in October 2009 that he gave up a 15-year career as a Wall Street gaming industry analyst to become chief financial officer for the newly created Fertitta Gaming. The only ... (read more)
Goodwill, friendships may die in IGT proxy fight11 February 2013
LAS VEGAS -- A conjured-up meeting of the Gaming Hall of Fame's membership might get interesting. I'd feel sorry for the person who had to handle seating arrangements. The continuing proxy fight over the direction of slot machine manufacturer IGT - International Game Technology has put several legendary gaming personalities on opposite sides of the dispute. ... (read more)
Mesquite, clobbered by recession, works to regain footing5 February 2013
MESQUITE -- Don't blame Rita Perez for the economic challenges that stalled the boomtownlike growth of this Nevada border city's casino industry over the past few years. The St. George, Utah, resident travels the 40 miles between her home and Mesquite several times a week to play slot machines and enjoy the casinos' nongaming amenities. ... (read more)
IGT's plan for meeting curious4 February 2013
LAS VEGAS -- Slot machine manufacturing giant IGT - International Game Technology is trying to dissuade stockholders from attending the company's annual meeting next month in Las Vegas. There are at least two particular shareholders IGT management would like to keep on the outside looking in. How else ... (read more)
Caesars diversity executive Tony Gladney to chair key committee for U.S. Hispanic Chamber4 February 2013
One of the gaming industry’s best-known diversity relations executives has been named chairman of a committee for the U.S. Hispanic Chamber of Commerce that links the organization with Fortune 1000 corporations. Tony Gladney, vice president of national diversity relations for Caesars Entertainment Inc., was ... (read more)
MGM Resorts partners with Canadian real estate developer on potential Toronto casino4 February 2013
LAS VEGAS -- MGM Resorts International entered into a partnership with a Canadian real estate developer to bid on, build and operate a hotel-casino complex in downtown Toronto. In a statement, MGM Resorts Chairman Jim Murren said the 50/50 joint venture with The Cadillac Fairview Corporation Ltd. gives the Las Vegas-based casino giant a partner with extensive Canadian development experience. ... (read more)
Gaming stock index rises in January4 February 2013
LAS VEGAS -- Mergers and acquisitions are good for the gaming industry. Two planned buyouts helped fuel average daily stock price increases for publicly traded casino operators and gaming equipment manufacturers during January. Pinnacle Entertainment, Inc. announced in late December it would buy regional gaming rival Ameristar Casinos, Inc. ... (read more)
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