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Howard Stutz Gaming Guru - Page 164Caesars Entertainment expands Total Rewards program2 March 2012
LAS VEGAS, Nevada -- Buying a pair of jeans from Target or a flat-screen TV from Best Buy now will earn Caesars Entertainment Corp. customers points that can be redeemed at any of the company's 40 properties nationwide. The casino operator on Thursday rolled out new features of its 15-year-old Total Rewards ... (read more)
Epic Poker League parent company files for Chapter 111 March 2012
LAS VEGAS, Nevada -- The company that owns and manages the upstart Epic Poker League has filed for Chapter 11 bankruptcy reorganization. Federated Sports + Gaming, a company started by former World Series of Poker Commissioner Jeffrey Pollack, filed the bankruptcy in Maryland late Tuesday. In a statement ... (read more)
Caesars Entertainment reports $220.6 million loss29 February 2012
LAS VEGAS, Nevada -- Despite increases in revenues and operating income, Caesars Entertainment Corp., suffered a $220.6 million net loss in the fourth quarter, due in large part to higher interest expenses. The Las Vegas-based casino giant said Wednesday revenues increased 2.4 percent in the quarter that ended Dec. ... (read more)
Kerkorian sells 20 million MGM shares28 February 2012
LAS VEGAS, Nevada -- Billionaire financier Kirk Kerkorian sold 20 million shares of MGM Resorts International Monday through his privately held Tracinda Corp., for $268 million.
In a filing with the Securities and Exchange Commission this morning, Los Angeles-based Tracinda, Kerkorian's investment arm, said the stock was sold at $14.02 per share but had a net value of $13.40 per share. ... (read more)
MGM Grand remodeling begins after nearly eight-year delay28 February 2012
LAS VEGAS, Nevada -- So there's no confusion, the temporary hotel room in the lobby of the MGM Grand Las Vegas is not available. Besides, there isn't a bathroom. But the mock-up serves a purpose, said MGM Grand President Scott Sibella. It tells guests the 5,044-room Strip resort's propertywide remodeling is under way after being delayed for almost eight years. ... (read more)
Gaming figure Dennis Gomes dies at 6827 February 2012
LAS VEGAS, Nevada -- Dennis Gomes had a 40-year gaming industry career worthy of a screenplay. So it made perfect sense that when Gomes sat down with author Nicholas Pileggi to relate stories about his dealings in gaming enforcement and casino management in Las Vegas, they ended up in the 1995 Martin ... (read more)
Soap opera surrounds Wynn Resorts27 February 2012
LAS VEGAS, Nevada -- A chapter in the Articles of Incorporation for Wynn Resorts Ltd. gave its board of directors a clear map on how the company could sever ties with its largest shareholder.
Ironically, Japanese businessman Kazuo Okada, whose nearly 20 percent stake was reduced to zero in a matter of hours on Feb. ... (read more)
Bally Technologies acquires online gaming company Chiligaming27 February 2012
LAS VEGAS, Nevada -- Slot machine giant Bally Technologies said Thursday it acquired an Internet gaming platform from a European company that it plans to use to help its casino customers enter the online gaming world. The transaction, however, does not mean Bally wants to launch it own Internet gaming website. ... (read more)
MGM Resorts shrinks fourth quarter net loss24 February 2012
LAS VEGAS, Nevada -- At the conclusion of his company's fourth-quarter earnings conference call Wednesday, MGM Resorts International Chairman Jim Murren made some remarks Las Vegas tourism officials might want to bottle and use in their next promotional campaign. "Gaming is coming back in Las Vegas," Murren told analysts and investors. ... (read more)
Industry spent over $11 million in lobbying Massachusetts22 February 2012
LAS VEGAS, Nevada -- The casino industry -- including several companies with ties to the Strip -- spent roughly $11.4 million over the past five years in lobbying Massachusetts lawmakers to approve casinos, according a review of records by the Associated Press. A Las Vegas-based subsidiary of Wynn Resorts ... (read more)
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