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Howard Stutz Gaming Guru - Page 155Exit of CFO Halkyard may create scramble for Caesars Entertainment11 June 2012
To use a cooking analogy, you don't want to the see your head chef fleeing the kitchen just as the appetizers are headed to a table of food critics.
But that's exactly what took place at the end of May in the offices of Caesars Entertainment Inc.
Chief Financial Officer Jonathan Halkyard is ... (read more)
Phil Hellmuth Jr. wins record-setting 12th career World Series of Poker event11 June 2012
Poker superstar Phil Hellmuth Jr. won his record-setting 12th World Series of Poker individual event championship bracelet early Monday morning at the Rio, further separating the self-described "poker brat" from his two closest rivals. Hellmuth topped a field of 309 players to win the $2,500 buy-in Seven Card Razz event to earn the gold bracelet and $182,793. ... (read more)
Gaming regulators back IGT interactive game licensing8 June 2012
Executives for International Game Technology (IGT) told Nevada gaming regulators Thursday they are in preliminary talks with U.S. Department of Justice officials concerning wagers placed before 2006 by American gamblers with Entraction, a Sweden-based online gaming operator.
The slot machine developer ... (read more)
Classes are over, poker is in session7 June 2012
Vanessa Selbst didn't hide her professional poker career from professors and classmates while attending Yale Law School. She just put the game on hold for a couple of years. Selbst closed out her online accounts and stayed away from the tables. "When you're in poker, you're really into it and you want to play all the time," Selbst said. ... (read more)
"Historic" Nevada license for legal Internet poker clears hurdle7 June 2012
Nevada made its initial stride toward joining the Internet poker world Wednesday, but gaming regulators were quick to note that many more steps are needed before the first hands are dealt. Slot machine maker Bally Technologies, Inc. received a unanimous recommendation by the Gaming Control Board for the ... (read more)
Shuffle Master says profits surge 23 percent5 June 2012
Shuffle Master, Inc. said Monday it grew company profits by 23 percent, despite expenses incurred through the purchase of a European online gaming company.
Shuffle Master, which is based in Las Vegas and distributes table games and casino management products, said its net income was $9.7 million for the ... (read more)
Macau gaming revenues experience smallest monthly increase in three years4 June 2012
Only in Macau could one-month gaming revenue of $3.26 billion - more than half of what the entire Las Vegas Strip produces in a year - be termed a disappointment.
For the first time in almost three years, Macau casinos in May didn't post the double-digit monthly increase that investors and analysts have come to expect. ... (read more)
Gaming stocks plunged with market4 June 2012
The stock market's 275-point plunge Friday took the gaming sector along for the downward ride.
Stock prices for publicly traded casino operators and gambling equipment manufacturers tumbled along with other industries.
Wynn Resorts Ltd. took the biggest monetary hit, closing below $100 a share on the Nasdaq National Market for the first time since Dec. ... (read more)
Caesars chairman and Celtics owner Loveman says casino industry and NBA have unique connection4 June 2012
Caesars Entertainment Corp. Chairman Gary Loveman finally got some bragging rights over Carnival Cruise Lines founder Ted Arison on Friday night.
Loveman has a minority ownership stake in the Boston Celtics, which beat the Miami Heat, 101-91, in the third game of the teams’ best-of-seven NBA Eastern Conference Championship series. ... (read more)
Nevadan at work: Exec aims to pump vibrancy into Westin Casuarina's casino4 June 2012
Real estate investor Rory Bedore tried to buy the Maxim Hotel and Casino in 2002, but he was outbid by Kentucky-based Columbia Sussex Corp., which paid $38 million for the off-Strip resort. Columbia spent another $40 million on changing the Maxim into The Westin Casuarina. Fast forward 10 years and Bedore, who since developed 777 Gaming, is now in charge of the resort. ... (read more)
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