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Howard Stutz Gaming Guru - Page 166Las Vegas transplant leads Seminole property in Florida13 February 2012
FORT LAUDERDALE, Florida -- Downtown Las Vegas was the perfect training ground for Phil Madow. Madow's 24 years in Las Vegas, including 18 years in key executive positions with the Four Queens Hotel and Casino downtown, prepared him to oversee the Seminole Indian Tribe's flagship resort. While there are ... (read more)
New AGA study looks at economic impact of gaming13 February 2012
LAS VEGAS, Nevada -- Don't view the American Gaming Association's latest national economic impact study as just another "casinos are good for your community" report.
The comprehensive analysis is actually Frank Fahrenkopf Jr.'s newest weapon.
The report, "Beyond the Casino Floor: Economic Impacts ... (read more)
Golden Nugget signs agreement with Chiligaming13 February 2012
LAS VEGAS, Nevada -- The operator of the Golden Nugget casinos signed an Internet gaming agreement with a European online gambling company and plans to launch a free play website later this year.
In a joint statement Friday with Chiligaming, Golden Nugget Chairman Tilman Fertitta said the free play website positions the casino operator to compete in the U.S. ... (read more)
Isle of Capri completes sale of Louisiana casino10 February 2012
LAKE CHARLES, Louisiana -- Isle of Capri Casinos completed the sale of a smallest of its two riverboat casinos in Lake Charles, La., to a company that plans to move the license to Bossier City.
The $15 million sale allows Isle of Capri to consolidate its Lake Charles operations into one casino with 1,262 slot machines, 40 table games and eight poker tables. ... (read more)
Nevada casino revenue increases for second year in a row10 February 2012
LAS VEGAS, Nevada -- So, are we back?
Nevada's casino industry posted its second straight annual gaming revenue increase in 2011. Analysts were quick to point out another positive: The results were not totally reliant on high-end baccarat play, the game that has bolstered the industry's overall performance during the recession. ... (read more)
Two Macau land grants could be approved this year7 February 2012
MACAU -- A Macau government official said two applications for land grants on the Cotai Strip requested by casino operators could be approved this year.
Jaime Carion, director of the Lands and Public Works Bureau wouldn't say which companies would receive the land grants, the Macau Daily Times reported in its Monday editions. ... (read more)
Caesars Entertainment stock on sale Tuesday7 February 2012
LAS VEGAS, Nevada -- For the first time in four years, Caesars Entertainment Corp. will be a publicly traded company. Roughly 1.8 million shares of the Las Vegas-based casino operator were expected to be listed sometime this morning on the Nasdaq Global Select Market, with the initial asking price of $8 to $10 per share. ... (read more)
Florida lawmakers end expanded gambling push6 February 2012
MIAMI, Florida -- Lawmakers ended an effort to build three Las Vegas-style hotel-casinos in the southern part of state Friday, dashing the hopes of major Nevada gaming companies that saw Florida as a potentially lucrative casino market. A Florida legislator withdrew the destination resort bill before a key House subcommittee in Tallahassee could hold a vote. ... (read more)
Nevada looks towards the Far East6 February 2012
LAS VEGAS, Nevada -- The race is on to find the next Macau or Singapore. With the two Asian casino markets about to become the world's No. 1 (Macau with $33.5 billion) and No. 2 (Singapore with an estimated $6 billion) gaming revenue producers, new prospects are being targeted. Nevada casino company ... (read more)
Gambling stocks get boost in January1 February 2012
LAS VEGAS, Nevada -- The gaming sector mirrored the rest of Wall Street last month, which several analysts termed as the best January in more than a decade. All 10 publicly traded casino operators and slot machine manufacturers charted by Las Vegas-based financial adviser Applied Analysis posted gains in average daily stock price during the month, which ended Tuesday. ... (read more)
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