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Howard Stutz Gaming Guru - Page 156Unexpected competition raises worry for Cordish4 June 2012
Maryland Live! Casino has more slot machines than the MGM Grand and Bellagio combined and a location adjacent to one of the East Coast's largest shopping malls. And, despite obstacles placed in front of the casino by the state, Cordish Company Chairman David Cordish believes his company's $500 million development will prevail financially. ... (read more)
Bloch wins Seven-Card Stud event to capture first WSOP gold bracelet4 June 2012
Poker standout Andy Bloch won his first World Series of Poker individual event championship bracelet Saturday night at the Rio, and in the process, removed a label from his name. "Now, no one can say, 'Andy Bloch is the best player to never win a gold bracelet," Bloch said moments after the victory. ... (read more)
Texas casino expansion suffers a blow in the state's election4 June 2012
The prospects for casino expansion in Texas apparently took a hit this week, according to one gaming analyst.
Three prominent allies of Republican Texas House Speaker Joe Straus were defeated in their re-election bids by anti-gaming conservatives.
Straus is considered a moderate who supports expanded gaming. ... (read more)
Debt crisis worries gaming stock investors4 June 2012
Gaming stocks nosedived in May as investors grew worried over foreign debt matters and mixed messages coming from company earnings reports.
Of the 12 publicly traded casino operators and gaming equipment providers followed by Las Vegas financial adviser Applied Analysis, 10 saw decreases in average daily stock price during the month. ... (read more)
Ohio judge's ruling opens door for 17,500 VLT games31 May 2012
Nevada's slot machine manufacturing industry received some good news from a courtroom some 2,100 miles to the east.
An Ohio judge Wednesday dismissed a lawsuit blocking the state's racetracks from operating slot machinelike video lottery terminals. The decision paves the way for seven racetracks to open casinos for wagering on potentially 17,500 games. ... (read more)
Caesars CFO leaving post to join NV Energy31 May 2012
Caesars Entertainment Inc. Chief Financial Officer Jonathan Halkyard is leaving the company to join local power utility NV Energy.
Caesars and NV Energy made separate statements Wednesday announcing Halkyard's job change.
In a statement, Caesars said Halkyard was leaving to "pursue an opportunity ... (read more)
Shuffle Master plans new headquarters on nine-acre site31 May 2012
Shuffle Master, Inc. said Tuesday it paid $2.2 million for a nearly nine-acre site in Las Vegas to build a new corporate headquarters and manufacturing office.
The land, near Jones Boulevard and Interstate 215 in the southwestern part of the valley, will house nearly 110,000 square feet of new office ... (read more)
Slot makers IGT and Bally win contracts to provide games to Canadian lotteries29 May 2012
Canadian lotteries are providing Nevada’s slot machine industry with some much-needed sales opportunities.
International Game Technology signed a deal recently with Loto-Québec to supply its online gaming site, Espace Jeux, with interactive versions of the slot machine maker’s top-performing games. ... (read more)
Casino companies, slot makers not the only gambling businesses launching free-play casinos29 May 2012
Casino companies MGM Resorts and Caesars Entertainment Corp. and slot machine giant International Game Technology are investing in a growing number of free-for-play casinos, as detailed in the Las Vegas Review-Journal.
Some of the new free-play casinos are not connected with any land-based casino or a Nevada gaming licensee. ... (read more)
Gaming companies place bets on social gaming sites29 May 2012
Strip casino giant MGM Resorts International isn't planning to open more multibillion-dollar integrated casino-resort complexes anytime soon.
Instead, MGM Resorts will in June launch myVegas, a free-to-play social gaming casino where only virtual money is bet to win only virtual prizes.
Think of Farmville meets Bellagio. ... (read more)
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