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Howard Stutz Gaming Guru - Page 145Fitch downgrades Caesars to negative outlook6 September 2012
LAS VEGAS -- Fitch Ratings Service said Wednesday it downgraded its view on Caesars Entertainment Inc. from stable to negative, hinting that the casino operator could look at Chapter 11 bankruptcy protection as a method to restructure its sizable debt. Another option could include spinning off the Caesars Interactive Entertainment division as a separate public company. ... (read more)
Democratic Platform omits references to Web gaming, poker5 September 2012
The 70-page Democratic platform contains 12 references to the word "Internet" and the plank, "Internet Freedom" under the heading, "Advancing Universal Values." How many of the Internet references pertain to legalizing Internet poker? Zero. How many of the Internet references discuss the issue of Internet gaming? Zero. ... (read more)
Macau gaming revenues climb 5.5 percent in August5 September 2012
Gaming revenues in Macau jumped 5.5 percent in August, the second straight month the Chinese gambling market has experienced a single-digit revenue increase. Macau gaming authorities said casinos collected $3.3 billion from gamblers during the month, the second highest ever recorded for a single month . ... (read more)
Steve Wynn, once vocally anti-Obama, goes mum4 September 2012
LAS VEGAS -- Until recently, it appeared Steve Wynn had abandoned politics. Wynn spent three years as the de facto voice of the gaming industry's unofficial anti-Obama coalition, a high-profile membership of two than included Las Vegas Sands Corp. Chairman Sheldon Adelson. Wynn provided the rhetoric. ... (read more)
Slot route operator United Coin takes moves to distinguish itself4 September 2012
LAS VEGAS -- United Coin Machine Company spent nearly 18 months developing new slot machines and upgrading management systems for its bar, tavern and convenience store route customers. Good thing the company's engineers started early. In February, rival operator Golden Gaming acquired the bulk of Affinity Gaming's slot route business in an asset swap. ... (read more)
Old-style focus, modern success: Customer-centric bent helps Arizona Charlie's casinos thrive4 September 2012
There is something to be said for a casino operation that markets to locals, but lacks movie theaters, bowling centers and high-priced restaurants. Focusing on the gambler is what helped the two Arizona Charlie's casinos survive a crippling recession. And, said the general managers of the casinos -- who ... (read more)
Plank in GOP Platform urges "prohibition'" of Web gaming31 August 2012
TAMPA, Florida -- A plank in the Republican platform, approved earlier this week at the party's national convention in Tampa, Fla., calls for a "prohibition" on Internet gaming and reversing December's re-evaluation of the Federal Wire Act. The language - listed under the heading "Making the Internet ... (read more)
Financially troubled LVH to get new management30 August 2012
LAS VEGAS -- The financially troubled LVH will gain new management under an agreement reached between the 3,000-room hotel-casino's largest creditor and a court-appointed receiver who has been operating the property since January. Employees of the off-Strip hotel-casino were notified Wednesday through the ... (read more)
Several Gulf Coast casinos to halt operations because of storm's pending landfall28 August 2012
The prospects of a hurricane striking the Gulf Coast have caused several casinos in New Orleans to halt operations. Harrah's New Orleans Casino, Boyd Gaming Corp.'s Treasure Chest Casino, and Pinnacle Entertainment's Boomtown Casino New Orleans will voluntarily close indefinitely Monday until further notice. ... (read more)
Online poker's window of opportunity may be closing27 August 2012
LAS VEGAS -- What seemed like a tremendous decision for the gaming industry nine months ago - the re-evaluation of the Federal Wire Act of 1961 - may not be so advantageous for Nevada unless Congress takes steps to enact Internet poker legislation. A window of opportunity that could place Nevada at the center of the potential U.S. ... (read more)
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