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Howard Stutz Gaming Guru - Page 148Caesars plans $300 million casino in downtown Baltimore1 August 2012
Caesars Entertainment Inc. will develop a $300 million casino in downtown Baltimore after an investment group headed by the company was awarded a license Tuesday by Maryland gaming authorities.
In a statement, Caesars said it would build the casino in partnership with Detroit-based Rock Gaming. ... (read more)
Gaming stocks fare poorly in July; Shuffle Master an exception1 August 2012
Unless you own shares of Shuffle Master, July wasn't a great month to be a gaming industry investor.
Lackluster second quarter earnings reports and continued economic concerns have spooked the gaming sector. Average daily share prices of publicly traded casino operators and game equipment providers tumbled from June. ... (read more)
Michael Jackson comes to the rescue of slot makers31 July 2012
We've heard this one before.
The slot machine industry has been anticipating a comeback since the recession depressed new-game sales. Casino operators shunned new and more expensive technology and remained loyal to older machines in order to avoid spending money on updating gambling equipment.
That ... (read more)
Former WSOP champion Greg Raymer wins Heartland Poker Tour's 200th event31 July 2012
Former World Series of Poker champion Greg Raymer captured the Heartland Poker Tour’s 200th nationally televised event over the weekend.
The first place prize of $71,875 earned from the tournament at the Route 66 Casino Hotel in Albuquerque, N.M., was much smaller than the $5 million Raymer collected in 2004 when he won the World Series of Poker’s Main Event at Binion’s Horseshoe. ... (read more)
Maryland governor backs plan for casino30 July 2012
Maryland's governor said Friday that expanded gaming in the state - including a Las Vegas-style hotel-casino development roughly 10 miles from the nation's capital operated by MGM Resorts International - could be worth more than $100 million annually in tax revenue for the state's school system.
In calling for a special session of the General Assembly to start Aug. ... (read more)
Investors can't wait to gamble on Florida30 July 2012
Maybe February was just a speed trap on Alligator Alley or a jack-knifed trailer on the Turnpike.
Florida's gambling proponents are not going to be deterred by a temporary slowdown and continue to push casino expansion in the southern part of the state, a market some analysts predict could exceed the Strip's annual $6 billion in gaming revenues. ... (read more)
Caesars fined $100,000 for under-21 gambling27 July 2012
Caesars Entertainment Inc. is paying the state a $100,000 fine to settle underage gambling charges, but may face a stiffer penalty if it happens again.
"This is not an isolated incident, but a pattern of abuse," Nevada Gaming Commissioner Randolph Townsend said Thursday as the regulatory panel voted to ... (read more)
Investors drub shares of Las Vegas Sands27 July 2012
Shares of Las Vegas Sands Corp. took a beating Thursday, a day after the company missed second-quarter earnings projections by 27 percent.
The stock price decline wasn't a surprise, especially to Wall Street. The company's properties in Macau grew revenues 22.3 percent, but suffered a 40 percent decline in profits. ... (read more)
Las Vegas Sands earnings miss expectations, but revenue rises26 July 2012
Las Vegas Sands Corp. didn't dance around bad news over the company's second-quarter earnings.
"Our quarterly results did not meet my expectations," company Chairman Sheldon Adelson said Wednesday.
The casino operator blamed lower hold on table games play, higher provisions for accounts receivable ... (read more)
Shuffle up and deal: Online poker in Nevada may only be months away26 July 2012
Gamblers could be playing Internet poker in Nevada even before the Legislature has a chance to act on several Gaming Policy Committee recommendations to tweak current state regulations covering interactive gambling. Gov. Brian Sandoval, following the committee's final meeting Wednesday before the ... (read more)
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