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Howard Stutz Gaming Guru - Page 141Cantor Gaming sports book director arrested, faces eight charges25 October 2012
LAS VEGAS -- Cantor Gaming sports book director Mike Colbert was arrested Wednesday in Las Vegas by state gaming agents in connection with a warrant filed by the district attorney in Queens County, N.Y. Gaming and legal sources confirmed the charges involve Pinnacle Sports (PinnacleSports.com), one of the largest offshore sports wagering websites. ... (read more)
Executives hired by company planning Sahara rejuvenation25 October 2012
LAS VEGAS -- The Los Angeles-based company planning a renovation of the former Sahara site has named two corporate executives with ties to the gaming industry. SBE Entertainment Group, LLC on Tuesday named Sam Bakhshandehpour as company president and Veronica Smiley as chief marketing officer. SBE is controlled by Sam Nazarian. ... (read more)
Affinity Gaming's new adviser Deutsche Bank Securities25 October 2012
LAS VEGAS -- Affinity Gaming said Wednesday it had retained Deutsche Bank Securities Inc. to act as its financial adviser in its evaluation of future opportunities. The move comes a day after Z Capital Partners, the casino operator's largest shareholder, said it seeks regulatory approval to take control of the company. ... (read more)
A.G. Burnett promoted to chairman of Gaming Control Board25 October 2012
LAS VEGAS -- Gaming Control Board member A.G. Burnett was promoted to chairman of the Nevada State Gaming Control Board Wednesday by Gov. Brian Sandoval. Burnett has been a member of the three-person regulatory body since January 2011. He was the deputy chief of the control board's corporate securities division when Sandoval appointed him to the board. ... (read more)
Pinnacle grows third-quarter revenues despite hurricane disruption and challenging markets25 October 2012
LAS VEGAS -- Pinnacle Entertainment, Inc. is making progress toward selling an empty land parcel the company controls in Atlantic City. The Las Vegas-based regional casino operator told investors Wednesday it hopes to enter into a definitive agreement to sell the Boardwalk site by the end of the year. ... (read more)
Affinity Gaming's largest shareholder seeks to take control of company24 October 2012
LAS VEGAS -- The largest shareholder in Affinity Gaming is seeking regulatory approval to take control of the Las Vegas-based casino operator. In addition, the chief executive officer of Z Capital Partners, an Illinois-based private equity group, said a $300,000 payment authorized by Affinity's board of ... (read more)
Machine makers wonder if G2E buzz will yield buying23 October 2012
LAS VEGAS -- So who won? We're not talking about the presidential debates. Gaming equipment manufacturers annually put their best efforts -- along with millions of research and development dollars -- into the Global Gaming Expo. The sector wants to impress not only casino floor executives who make ... (read more)
Affinity Gaming licensed in Colorado; company will take control of three casinos23 October 2012
Affinity Gaming has been licensed in Colorado, allowing the Las Vegas-based casino operator to complete its acquisition of three gaming properties outside of Denver. The company announced Friday it was licensed by the Colorado Limited Gaming Control Commission. The company plans to take control of the Golden Mardi Gras Casino, Golden Gates Casino and Golden Gulch Casino on Oct. ... (read more)
Poker Hall of Fame to induct two more members23 October 2012
LAS VEGAS -- The Poker Hall of Fame will induct Eric Drache and the late Brian "Sailor" Roberts as the organization's 43rd and 44th members during the final table of the World Series of Poker's Main Event later this month. The pair were nominated by the public and voted in by a 36-person panel made up of existing Poker Hall of Famers and members of the media. ... (read more)
MGM gets approval to build Cotai hotel23 October 2012
MGM Resorts International was approved by the Macau government Thursday to build a $2.5 billion hotel-casino on the Coati Strip region. The company, through its 51 percent-owned MGM China subsidiary, paid $56 million for the land, and government officials will arrange for publication of the land concession contract in the Official Gazette of Macau. ... (read more)
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