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Howard Stutz Gaming Guru - Page 165MGM to build nongaming hotel in China22 February 2012
LAS VEGAS, Nevada -- MGM Resorts International will build a nongaming luxury hotel in Shanghai, as part of its growing MGM Hospitality division.
In a deal announced Tuesday, MGM Resorts said it will build and operate a 200-room hotel with retail and entertainment through a joint venture with Diaoyutai State Guest House of the People's Republic of China. ... (read more)
Federal online poker not a good bet in 201220 February 2012
LAS VEGAS, Nevada -- A Wall Street gaming analyst told investors Friday that debate over federal legislation that would legalize Internet poker has most likely been pushed into 2013 after lawmakers didn't attach an online gaming bill to the payroll tax cut extension. However, Macquarie Securities gaming ... (read more)
Florida casino supporters vow to continue fight20 February 2012
SUNISE, Florida -- Supporters of legislation that could land three destination-style casinos in South Florida weren't overly disappointed Feb. 3 when state lawmakers canceled a planned vote on the controversial bill. The move seemingly ended the Sunshine State's gaming expansion talks for 2012 after 18 months of heated debate, but many said the battle is just beginning. ... (read more)
Cleveland casino to open in May17 February 2012
CLEVELAND, Ohio -- A project half-owned by Caesars Entertainment Corp. will become Ohio's first casino. The Horseshoe Casino Cleveland was given permission by Ohio gaming regulators to open the week of May 14. Caesars owns the $350 million downtown Cleveland casino with Ohio developer Rock Gaming. The ... (read more)
MGM Resorts reaches marketing deal with Ameristar Casinos17 February 2012
LAS VEGAS, Nevada -- A gaming expert said a strategic marketing relationship announced Wednesday between MGM Resorts International and Ameristar Casinos to share player data systems signifies the wave of the future. Under the agreement, customers of MGM Resorts, which has 10 casinos on the Strip, and ... (read more)
CityCenter suffers $45 million loss in fourth quarter14 February 2012
LAS VEGAS, Nevada -- MGM Resorts International said Monday that its CityCenter development had a net operating loss of roughly $45 million in the fourth quarter, but saw revenues increase roughly 4 percent. The company, which owns the 67-acre Strip complex in a 50-50 partnership with Dubai World, ... (read more)
Ohio could give Las Vegas gaming company a boost14 February 2012
LAS VEGAS, Nevada -- The opportunity to test and certify gaming equipment destined for the up-and-coming Ohio casino market could give a boost to Las Vegas-based laboratory BMM Compliance. The company was certified in January by the Ohio Casino Control Commission, which authorizes BMM to test and evaluate ... (read more)
bwin.party reportedly looking to unload poker network14 February 2012
LONDON, England -- Britain-based online poker giant bwin.party, the operators of Party Poker, is reportedly looking to unload a duplicate Internet poker network that it acquired following a recent merger. Roth Capital Markets gaming analyst Todd Eilers told investors recently that Shuffle Master might be a suitable buyer. ... (read more)
Churchill Downs acquires Bluff Media13 February 2012
LOUISVILLE, Kentucky -- A gaming merger that was announced Friday could have some implications in the Internet poker realm. Racetrack operator Churchill Downs of Louisville, Ky., announced the acquisition of Bluff Media, an Atlanta-based multimedia poker content, brand and publishing company. Terms of the sale were not disclosed. ... (read more)
Seminole Tribe on top in Florida13 February 2012
FORT LAUDERDALE, Florida -- Sitting in the lounge of NYY Steak in the newly remodeled Seminole Casino Coconut Creek, Tony Sanchez Jr., took a few moments to ponder a question about the nature of the Seminole Indian Tribe's relationship with its home state of Florida. Sanchez, president of the tribe's board of directors, practically grew up in the casino business. ... (read more)
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