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Howard Stutz Gaming Guru - Page 16Gaming industry commitment to New Orleans unwavering after the disaster29 August 2015
NEW ORLEANS — The most noticeable change in The Big Easy casino market 10 years after Hurricane Katrina is the 14-foot-high concrete-and-steel wall that encircles Boomtown Casino New Orleans. "With the big iron doors, it kind of reminds you of 'Escape from New York,' " said Boomtown general manager Harold ... (read more)
Nevada gaming revenue falls less than 1% in July28 August 2015
Nevada gaming revenue in July fell for the second straight month, continuing the state's up-and-down year in the casino market. The Gaming Control Board said Friday casinos statewide collected $922.8 million from gamblers during the month, a drop of just under 1 percent. On the Strip, gaming revenue declined 2.1 percent to $524.9 million. ... (read more)
Caesars Entertainment receives favorable ruling from federal judge28 August 2015
A New York federal judge on Thursday denied a legal request by Caesars Entertainment Corp. bondholders that could have sent the entire casino company into bankruptcy. Bondholders claimed in a lawsuit that Caesars broke federal law when it moved the ownership of several casinos and resorts into a separate holding company. ... (read more)
Gulf Coast casino workers call area's recovery 'amazing'28 August 2015
BILOXI, Miss. — Hurricane Katrina wiped out the nation's third-largest gaming market along the Mississippi Gulf Coast 10 years ago today, washing away 13 casinos and 17,000 gaming industry jobs. Some casino workers, who lost their homes and all their possessions, left the Gulf Coast forever. Many others ... (read more)
Caesars strikes a deal with largest lenders over restructuring efforts24 August 2015
Caesars Entertainment Corp. said late Friday it reached agreement with its largest lender group over the restructuring of the company's bankrupt operating division. In a statement, Caesars said the agreement allows the company to focus on gaining support from the last major debt holder group that has yet to agree on the restructuring plan for Caesars Entertainment Operating Co. ... (read more)
Inside Gaming: Candidates with gaming knowledge dot the presidential field17 August 2015
After billionaire Donald Trump trashed Atlantic City during the nationally televised Republican presidential candidates' debate, Geoff Freeman had to be smiling to himself. Not because of what Trump said. Rather, it was the setting in which the former casino owner, New York real estate developer and GOP presidential candidate uttered those remarks. ... (read more)
Las Vegas Club to close for renovations17 August 2015
The downtown Las Vegas Club Hotel and Casino, which is being purchased by the owners of The D Las Vegas, will close at an undisclosed date, it was learned Saturday. In an emailed statement, D Las Vegas owner Derek Stevens said he and his brother Greg purchased "the real estate and the building" of the 86-year-old sports-themed hotel-casino. ... (read more)
Stratosphere owner increases quarterly profits and revenue17 August 2015
Stratosphere Casino Hotel and Tower owner American Casino & Entertainment Properties quadrupled its net income in the second quarter, saying the company was driven by higher revenue across all business segments. American Casino, which also owns Arizona Charlie's Boulder and Arizona Charlie's Decatur and ... (read more)
Inside Gaming: R&R's D.C. division to oversee MGM National Harbor marketing17 August 2015
"What happens in D.C., stays in D.C.," probably won't fly. Las Vegas-based marketing firm R&R Partners will play a role in launching the $1.3 billion MGM National Harbor development, a resort complex under construction across the Potomac River from the nation's capitol. The contract to oversee brand ... (read more)
Global Cash Access changes name to Everi Holdings14 August 2015
Las Vegas-based Global Cash Access announced its new name Thursday, saying the company will be known as Everi Holdings Inc. starting Aug. 24. The name change, which was announced during the company's second quarter earnings, reflects its move from providing just payment processing and financial services to casinos. ... (read more)
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