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Howard Stutz Gaming Guru - Page 161Inside gaming: Gaming expansion elsewhere lifts Las Vegas23 April 2012
Before the economy tanked and the Strip's building boom went bust, the development of multibillion-dollar hotel-casino projects centered on Las Vegas. Not anymore. Consider these facts and events: The most expensive single hotel-casino project on record is the Marina Bay Sands in Singapore, which opened in April 2010 at a cost of $5.5 billion.Las Vegas Sands Corp. ... (read more)
Penn National chief tries to make light of GSA flap20 April 2012
LAS VEGAS -- Penn National Gaming Chairman Peter Carlino, whose company owns M Resort, tried to make light Thursday of the controversy surrounding the General Services Administration's taxpayer-funded $823,000 junket to Las Vegas which took place at the Henderson casino. At the end of Penn National's first ... (read more)
MGM weighing options in Toronto, report suggests18 April 2012
MGM Resorts International is eyeing prospects for a hotel-casino development in downtown Toronto.
Canada's Globe and Mail newspaper reported Tuesday that the casino company's development staff visited the city and hired a local lobbying firm.
According the newspaper, two MGM Resorts officials had ... (read more)
CityCenter developers cut prices on high-rise condos18 April 2012
LAS VEGAS -- CityCenter developers are announcing a renewed effort to sell high-rise condominiums at the Strip development, discounting prices by about 25 percent in hope of jump-starting an otherwise stagnant market. The remaining 602 condominiums in two CityCenter projects -- 441 units in Veer Towers and ... (read more)
Bally hopes Beach Boys slot will bring players fun, fun fun16 April 2012
Bally Technologies is hoping its newest themed slot machines will "get around" sometime this summer.
The Las Vegas-based gaming equipment provider used last week's National Indian Gaming Association tradeshow in San Diego to unveil a slot machine themed after the Beach Boys, the band that brought the culture of Southern California -- surfing, cars and romance -- to the music world. ... (read more)
Executive snapshot: Rob Bone vice president of North American sales, WMS Gaming16 April 2012
Rob Bone came to Las Vegas to play football for UNLV.
But the Dallas native also received an education outside the classroom and Sam Boyd Stadium.
Bone is the senior vice president of North American sales for slot machine giant WMS Gaming, which has its corporate headquarters in Waukegan, Ill., and a sales office in Las Vegas. ... (read more)
Gaming insider: Potential in Midwest has game makers smiling16 April 2012
Executives with Nevada's major slot machine manufacturers oftentimes wonder if they will ever sell another game.
The recession zapped sales figures for several years. Casino operators made due with older games rather than spend money on newer gambling equipment.
Many potential casino jurisdictions were slow to gain approvals from state lawmakers and local governments. ... (read more)
Inside Gaming: Privacy must be a factor in creating online gaming policy9 April 2012
Gov. Brian Sandoval had departed the Nevada Gaming Commission chairmanship to run for attorney general when state regulators approved private gaming salons in 2002.
The regulation, which allowed casinos to set aside secluded gambling areas for big-spending high rollers, was the first time the state diverted from its long-standing policy that gaming take place in public view. ... (read more)
Ratings assignment marks sign of Sahara rebirth5 April 2012
A ratings assignment by Moody's Investors Service on a proposed $300 million in debt being floated by the owners of the closed Sahara marked an initial sign of rebirth for the shuttered hotel-casino.
The ratings agency said Wednesday that it had a positive view of the loan, which would be used to turn ... (read more)
Las Vegas Sands names global operations executive5 April 2012
LAS VEGAS -- Las Vegas Sands has brought in a long-time hotel executive to fill a newly created position overseeing the company's property operations in Las Vegas, Macau, Singapore and Pennsylvania.
Chris Cahill, who spent two decades with Fairmont Raffles International, has been named executive vice president of global operations for Las Vegas Sands. ... (read more)
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