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Howard Stutz Gaming Guru - Page 130IGT reports growth in most areas of its core business23 January 2013
Slot machine manufacturer IGT - International Game Technology, facing a looming proxy fight with its former chairman, said Tuesday it grew most areas of its core business during the first quarter. On a conference call with analysts, IGT Chief Executive Officer Patti Hart asked that questions be directed toward the company's first quarter results rather than the looming proxy fight. ... (read more)
Borgata parents could benefit if New Jersey legalizes Net bets22 January 2013
It hasn't been the best of times for Atlantic City. The question now is whether intrastate online gaming is the panacea that revives the Boardwalk. Union Gaming Group managing director Bill Lerner believes the state's Internet gambling bill sitting on Gov. Chris Christie's desk could benefit the two Las Vegas gaming companies that own Atlantic City's largest resort. ... (read more)
Nevada Gaming Control Board members travel to Macau on fact-finding mission21 January 2013
LAS VEGAS -- Nevada's three Gaming Control Board members traveled to Macau this week in an effort to re-establish the relationship with their regulatory counterparts in the world's largest gambling market. Nevada State Gaming Control Board Gaming Commission Chairman A.G. Burnett characterized the trip as a ... (read more)
There's free agency - even in gaming21 January 2013
LAS VEGAS -- If the casino industry were Major League Baseball, the current crop of big-name executives that have been cut loose since December would constitute a high-priced free-agent market. The only difference? These guys aren't going to see the Albert Pujols or Josh Hamilton-sized pay hikes shelled out over the past two years by the Los Angeles Angels of Anaheim. ... (read more)
Loveman-led panel suggests sweeping changes to Social Security, Medicare17 January 2013
An association of influential chief executive officers, which includes Caesars Entertainment Inc. Chairman and CEO Gary Loveman, suggested several changes Wednesday to Social Security and Medicare that would protect both programs. Loveman, chairman for the Washington, D.C.-based Business Roundtable's health ... (read more)
PokerStars moving forward to purchase Atlantic Club Casino16 January 2013
The parent company of online gaming giant PokerStars is moving forward with a purchase of The Atlantic Club Casino Hotel, the Press of Atlantic City reported late Tuesday afternoon. The newspaper said Isle of Man-based The Rational Group, which owns PokerStars.eu and Full Tilt Poker, filed papers with the ... (read more)
Wall Street likes PokerStars deal to buy Atlantic Club, but what will New Jersey say?16 January 2013
Wall Street is sold on the parent company of online gaming giant PokerStars taking ownership of a downtrodden casino in Atlantic City. The question that remains is whether or not New Jersey gaming regulators will sign off on the deal. On Tuesday, Isle of Man-based The Rational Group, which owns ... (read more)
IGT leaders: Proxy fight would be step in wrong direction15 January 2013
Allowing a former chairman of IGT - International Game Technology to win three seats on the slot machine manufacturer's board in a proxy fight "would be a step in the wrong direction," the company's top executives told the company's shareholders Monday. In a letter to shareholders, IGT Chairman Phil Satre ... (read more)
Casino industry lobby elects representatives15 January 2013
The chief executive of Deutsche Bank Securities was elected to serve as a director of the American Gaming Association (AGA), the Washington D.C.-based lobbying arm of the casino industry. Richard Byrne, previously director-elect, was elected for a one-year term as an at-large director. William Newby, ... (read more)
Investor files preliminary proxy, says IGT has lost value14 January 2013
An investor in IGT - International Game Technology, who is now pushing a proxy fight to win three seats on the company's board of directors, said Friday he has tried since last summer to "engage in a constructive dialogue" with management to discuss the challenges facing the casino industry's largest slot machine manufacturer. ... (read more)
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