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Howard Stutz Gaming Guru - Page 136Aria President, COO Bill McBeath resigns4 December 2012
LAS VEGAS -- CityCenter Aria Resort & Casino President and Chief Operating Officer Bill McBeath, who has been with the CityCenter flagship resort through its construction phase and opening, resigned Monday. MGM Resorts International, which owns 50 percent of CityCenter and operates the Strip development, released a memo announcing McBeath's resignation. ... (read more)
Macau gaming revenues grow 8 percent in November4 December 2012
Revenues generated by Macau's gaming industry grew 8 percent in November as the Chinese region's casinos collected $3.1 billion from gamblers. After the figures were released Monday by the Macau Gaming Inspection and Coordination Bureau, analysts said the casino market results were driven by strong play by mass-market customers rather than high-end gambling. ... (read more)
Bill's Gamblin' Hall to close Feb. 4 for renovations3 December 2012
LAS VEGAS -- Bill's Gamblin' Hall and Saloon on the Strip will close Feb. 4 when Caesars Entertainment Inc. begins a $185 million renovation of 198-room hotel-casino. The hotel-casino, which was built by Michael Gaughan and opened in 1979, will be reopened in early 2014 under a new name and theme, Caesars Entertainment said in statement. ... (read more)
Gaming's expansion has Indiana concerned3 December 2012
An Indiana lawmaker wants to protect the Hoosier State's casino industry, which was the nation's third-largest commercial gaming market by revenue in 2011. Ten of Indiana's 13 casinos are in counties adjacent to Illinois, Michigan and Ohio - states that have provided Indiana casinos with a wealth of customers. ... (read more)
Culinary Secretary-Treasurer D. Taylor thrives during career in labor movement3 December 2012
LAS VEGAS -- D. Taylor estimates he has been arrested between 75 and 80 times in Las Vegas over the past 28 years. His first time in police handcuffs came in 1984. Taylor, who was employed as an organizer for the parent of Culinary Local 226, came to Las Vegas to help workers during the contentious citywide strike against the hotel-casino industry, managing long hours on the picket lines. ... (read more)
Apparent removal of Toronto mayor could have implications for casino expansion into city27 November 2012
The apparent ouster of Toronto Mayor Rob Ford may have implications for casino expansion into Canada’s largest city. Ford was ordered out of office Monday after an Ontario judge found he had flouted conflict of interest rules for refusing to repay funds he solicited for his high school football team using city letterhead when he was a councilman. ... (read more)
Largest Affinity Gaming shareholder wants to increase stake27 November 2012
LAS VEGAS -- The largest shareholder in casino operator Affinity Gaming wants to increase its ownership to roughly one-third of the Las Vegas-based company, a filing Monday with the Securities and Exchange Commission shows. Z Capital, an Illinois-based private equity firm, said in the filing it has two separate agreements to purchase 823,488 shares and 844,940 shares of Affinity Gaming. ... (read more)
Former WSOP champion Greg Raymer dominates Heartland Poker Tour in 201226 November 2012
Imagine if reigning National League Most Valuable Player Buster Posey of the San Francisco Giants decided to return to Triple AAA baseball for a season. That’s one way to look at the run former World Series of Poker champion Greg Raymer had over the past few months at the Midwest-centric Heartland Poker Tour. ... (read more)
Clout 2012: Influential Nevadans flex their muscles26 November 2012
LAS VEGAS -- Clout can be fleeting. Especially in Las Vegas. Times change quickly in Southern Nevada. During the boom period, gaming ruled as new megaresorts on the Strip fueled a booming economy. The recession altered the status quo. Gaming, in some sense, has taken a backseat to other types of development and job creation. ... (read more)
Analysts see East Coast gaming at tipping point26 November 2012
Barring action on a pending lawsuit, Maryland could soon have six Las Vegas-style casinos, including a $400 million gambling hall in downtown Baltimore and an $800 million resort south of Capitol Hill on the Potomac River. Pennsylvania gaming regulators are investigating six separate offers to build a $500 million to $700 million hotel-casino in downtown Philadelphia. ... (read more)
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