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Howard Stutz Gaming Guru - Page 15MGM Resorts donates $1 million to national African American History Museum18 September 2015
MGM Resorts International has donated $1 million to the Smithsonian Institution's National Museum of African American History and Culture to support construction of the 19th museum in Washington, D.C. The building is scheduled to open in 2016. The nearly 400,000-square-foot museum is currently under construction on a 5-acre site adjacent to the Washington Monument. ... (read more)
Golden Entertainment to add four taverns next year18 September 2015
The tavern division of Las Vegas-based Golden Entertainment said Thursday it will add four new locations in 2016, including the company's first craft beer brewery. The company, which merged in August with casino operator Lakes Entertainment, said the four taverns would add 100 employees to the Las Vegas market. ... (read more)
IGT selects new slot machine executive18 September 2015
International Game Technology on Tuesday named Ken Bossingham to oversee global management of the company's slot machine division. Bossingham, who will be IGT's senior vice president of casino core product, will be based in Las Vegas. He will be responsible for development and sales of all classes of IGT's ... (read more)
Affinity Gaming selects Reganato as chairman16 September 2015
Casino operator Affinity Gaming said Tuesday David Reganato has been elected chairman of the company's board replacing Richard Parisi. No reason was given for the change. Both Reganato and Parisi are senior investment analysts for Connecticut-based Silver Point Capital, which is Affinity's second largest shareholder with 25.1 percent of the Las Vegas-based company. ... (read more)
Caesars to pay $1.5 million fine for multiple errors16 September 2015
Caesars Palace maintained "highly deficient internal controls" inside the Strip resort's private gaming salons, had numerous lapses in its anti-money laundering program and didn't file suspicious transaction activity reports over a three-month period in 2012, according to a stipulated settlement the casino's management entered into with Nevada gaming regulators last week. ... (read more)
Analyst: Potential MGM REIT not a good idea16 September 2015
One gaming analyst isn't waiting for MGM Resorts International to decide if it's a good idea to split off all or a portion of the casino company into a real estate investment trust. Susquehanna Financial Group's Rachael Rothman told investors there are better ways for MGM to grow profits. "An MGM REIT ... (read more)
Wynn: Troubled junket operator doesn't owe us money15 September 2015
Wynn Resorts, which has seen its stock price tumble more than 65 percent in the last few months over troubles plaguing the Macau gaming market, said Monday that funds stolen from a high-end Chinese junket operator had nothing to do with the company's casino operations. Bloomberg News first reported last ... (read more)
Woolf, Salerno, Valbuena head Gaming Hall of Fame inductees15 September 2015
A long-time casino operator, a sports gambling pioneer, and a principal behind the growth of Indian casinos will be inducted into the Gaming Hall of Fame later this month as part of the Global Gaming Expo in Las Vegas. The American Gaming Association announced Monday that Navegante Group founder Larry ... (read more)
The D majority owner part showman and successful casino operator14 September 2015
Derek Stevens could never pull off his antics if the privately held The D Las Vegas were publicly traded. The D's majority owner would have given the Securities and Exchange Commission fits with an in-house-produced video of a pseudo board of directors meeting posted to YouTube on Aug. 31. The video served ... (read more)
Gulf Coast gaming rebuilds after casino industry's 'single-biggest disaster'30 August 2015
BILOXI, Miss. — John Ferrucci recalls standing at the Broadwater Marina on a humid, late summer morning in August 2005, trying to determine the best way to slip the moorings of the President Casino barge and float it 35 miles west to Hancock County, where it would reopen as the Silver Slipper. Two days ... (read more)
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