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Howard Stutz Gaming Guru - Page 162Caesars sells part of interactive gaming subsidiary4 April 2012
Caesars Entertainment sold an undisclosed percentage of its interactive gaming subsidiary to its partner in two Ohio casinos for $60.8 million, the company disclosed late Monday. In a filing with the Securities and Exchange Commission, the company said Rock Gaming purchased 50 percent of the more than 12,300 shares on Friday. ... (read more)
Affinity Gaming turns small quarterly profit4 April 2012
LAS VEGAS -- Las Vegas-based Affinity Gaming, which is refocusing itself as casino operator in four markets, grew revenues and turned a small profit in the 2011 fourth quarter, the company said in statement Tuesday. Affinity, formerly known as Herbst Gaming, had revenues of $154.6 million in the quarter ended Dec. ... (read more)
Macau gaming revenues hit $3.12 billion in March4 April 2012
First-quarter gaming revenues produced by Macau's casino market is up 27 percent over 2011, a year in which the Chinese gaming enclave's 34 gambling halls had a 12-month total of $33.5 billion.
Macau's Gaming Inspection and Coordination Bureau said Monday that gaming revenues reached $3.12 billion during March, a 24 percent increase compared with a year ago. ... (read more)
March mixed for gaming stocks2 April 2012
LAS VEGAS - Publicly traded gaming companies gave investors a slew of mixed messages during March.
The average daily share price for two casino operators that derive most of their revenues from Asia blossomed during the month. Three of four gaming equipment manufacturers also experienced marked stock price increases. ... (read more)
Nevada urged to move on Web gaming market30 March 2012
Reno businessman Paul Mathews Jr. cut right to the heart of what he and fellow members of the governor's Gaming Policy Committee hope to address over the next five months: Nevada needs to capitalize on the rapidly changing Internet gaming market.
Online gaming offers Nevada the best available ... (read more)
WMS files for Nevada online gaming license28 March 2012
LAS VEGAS, Nevada -- Slot machine maker WMS Industries said Tuesday it has applied for an interactive gaming license with Nevada.
WMS joins the more than two-dozen casino operators and gaming equipment manufacturers that have filed applications with the state Gaming Control Board.
WMS President ... (read more)
MGM Resorts to seek alternative Mass. location28 March 2012
LAS VEGAS, Nevada -- MGM Resorts International has abandoned a proposed casino site in Massachusetts, but plans to seek alternative location in the western part of the state.
In a statement, the casino operator said there were "too many complications" in pursing a hotel-casino development on a 150-acre site near the town of Brimfield, which is about 65 miles west of Boston. ... (read more)
Hard Rock Las Vegas launches loyalty program26 March 2012
LAS VEGAS, Nevada -- The Hard Rock Hotel and Casino launched a rewards program this week with a name that describes what its music-loving customers most covet: a Backstage Pass. The new system lets Hard Rock customers earn points for every dollar spent -- gaming and nongaming -- at the 1,500-room off-Strip hotel-casino. ... (read more)
Stratosphere parent trims net loss23 March 2012
LAS VEGAS, Nevada -- Officials for the company that operates the Stratosphere Casino Hotel and Tower and the two Arizona Charlie's casinos reduced their net loss in the fourth quarter that ended Dec. 31. American Casino & Entertainment Properties, which also owns the Aquarius Casino Resort in Laughlin, on ... (read more)
Ameristar Casinos acquires Louisiana project20 March 2012
LAS VEGAS, Nevada -- The acquisition of a proposed hotel-casino project in Lake Charles, La., by Las Vegas-based Ameristar Casinos all but assures the estimated $500 million development will be completed, analysts said Wednesday. The regional casino operator announced it had bought all of the equity ... (read more)
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