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Howard Stutz Gaming Guru - Page 151Sun may shine on some regional gaming companies10 July 2012
Moody's Investors Service gave the regional gaming community a smackdown last month.
Casinos in several markets, such as the Northeast and central United States, were said to be having difficulties financially, brought about by oversupply and diminished gaming revenue figures.
One Wall Street ... (read more)
World Series of Poker Main Event worth more than $8.5 million10 July 2012
The winner of the 2012 World Series of Poker Main Event will earn more than $8.5 million, tournament officials announced Monday. This year's $10,000 buy-in No-Limit Hold'em World Championship drew 6,598 entries to the Rio, the fifth-largest starting field in tournament history. The top 666 finishers will collect prize money, with $19,227 guaranteed as the lowest payout. ... (read more)
Taiwan's first casino seen taking five years or more10 July 2012
It could take five years or longer for Taiwan's first legal casino to come to fruition, despite a vote over the weekend in which residents on a small group of Taiwanese islands approved a gaming referendum.
The Matsu island chain of Taiwan approved the government's plans to build a casino by a 57 percent to 43 percent margin. ... (read more)
Z Capital Partners now largest shareholder in Affinity Gaming10 July 2012
Illinois-based Z Capital Partners, which has slowly increased its ownership in Affinity Gaming over the past year, is now the largest shareholder in the Las Vegas-based company, which operates nine Nevada casinos, including the three Primm resorts and the off-Strip Terrible's.
The private equity group ... (read more)
Actor Kevin Pollak still alive at main event of World Series of Poker10 July 2012
Kevin Pollak was planning to spend time at the World Series of Poker hanging around the Rio's convention area to promote the relaunch of HollywoodPoker.com, a free-to-play social gaming website where players can interact with celebrities. He's accomplishing that task from the tables. Pollak, star of such ... (read more)
Poker player Esfandiari poised to pounce9 July 2012
Strange is it sounds, winning a record poker jackpot of $18.3 million might seem like chicken feed over the next few years for Antonio Esfandiari. Brian Balsbaugh, the CEO of Poker Royalty, the Las Vegas-based firm that manages the careers of poker players, said Esfandiari's victory in the World Series of ... (read more)
NHL star tries to score at World Series of Poker8 July 2012
Playing goalie in the National Hockey League is a lot like playing high-stakes tournament poker. One mistake can cost you dearly . Roberto Luongo understands pressure in both the hockey and poker arenas. On Saturday at the Rio, Luongo took on the poker world, playing in the World Series of Poker's $10,000 buy-in No Limit Hold'em World Championship. ... (read more)
Analyst: Taiwan casinos could be at least five years away8 July 2012
Residents on a small group of Taiwanese islands approved a casino referendum over the weekend, paving a way for Taiwan’s first legal gaming establishment.
The Matsu island chain of Taiwan approved the government’s plans to build a casino by a 57 percent to 43 percent margin. The vote is expected to ... (read more)
Nevada may need partners for Net poker1 July 2012
Two of the state's largest slot machine manufacturers received Nevada's first interactive gaming licenses in June. Regulators could license three more suppliers this month. Another 30-plus casino operators and gaming equipment providers have interactive license applications on file with the Gaming Control Board. ... (read more)
Gaming stocks swoon in June30 June 2012
Forget June.
At least that's how gaming industry investors feel about a month when average daily stock prices collectively tanked.
Reaction to the broader economy drove down the values of eight casino operators and four equipment manufacturers followed by Las Vegas-based financial consultant Applied Analysis. ... (read more)
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