 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 167WMS sees revenues, profits fall in second quarter27 January 2012
LAS VEGAS, Nevada -- Slot machine maker WMS Industries said Thursday its second quarter revenues and profits declined when compared with the same quarter a year ago but had showed an increase over the first quarter.
The company, which is based in Waukegan, Ill., believe the issues that plagued its financial performance last year are in the past. ... (read more)
IGT profits fall in first quarter25 January 2012
LAS VEGAS, Nevada -- International Game Technology left the investment community disappointed with the company's first quarter results Tuesday, but the slot machine giant's chief executive tried to calm any worries during an early morning conference call with analysts.
IGT CEO Patti Hart told analysts ... (read more)
Macau headed for another record-breaking month25 January 2012
MACAU -- A Macau-based gaming analyst is predicting the current Chinese New Year holiday could help the Chinese casino market smash its single month record for revenues.
Union Gaming Group principal Grant Govertsen predicted this morning that when January’s gaming revenue totals are counted, it would break last October’s single month record of $3.4 billion. ... (read more)
New York not a threat to Las Vegas23 January 2012
LAS VEGAS, Nevada -- Las Vegas has always suffered from an inferiority complex. When Atlantic City's first legal casino opened in 1978, naysayers thought it was Las Vegas' death knell. Obviously, that wasn't the case. Other "sky is falling" prognostications concerning the growth of riverboat casinos, regional markets, California's tribal gaming expansion, and Macau came to the same end. ... (read more)
Pennsylvania now the country's second-largest gaming market20 January 2012
HARRISBURG, Pennsylvania -- Move over Atlantic City, you’re now No. 3. Gaming is now a $3 billion industry in Pennsylvania, making the state the No. 2 gaming market in the U.S. behind Nevada. For the first time, combined revenues from slot machines and table games at the Pennsylvania’s 10 casinos hit $3.024 billion in 2011. ... (read more)
Caesars looking to redevelop Mississippi casino20 January 2012
BILOXI, Mississippi -- Caesars Entertainment Corp. is exploring options for its Grand Biloxi Casino Hotel & Spa in Biloxi, Miss., that was damaged by Hurricane Katrina in 2005, according to the Biloxi Sun Herald. During a meeting of the Mississippi Gaming Commission, Daniel Real, the company’s new Southern ... (read more)
CityCenter forming partnership with Sotheby's19 January 2012
LAS VEGAS, Nevada -- In an effort to drive luxury condominium sales, CityCenter has announced a partnership with Sotheby's International Realty to market The Residences at Mandarin Oriental and Veer Towers. The collaboration, which is led by Blueprint Global Marketing in partnership with Synergy Sotheby's International Realty in Las Vegas, is geared to international buyers. ... (read more)
Analyst has "grave concerns" about IGT purchase18 January 2012
LAS VEGAS, Nevada -- A gaming analyst said Tuesday he has "grave concerns" about International Game Technology's $500 million acquisition of an online social gaming company, taking a contrarian position from other Wall Street research firms.
In a report to his clients, Union Gaming Group principal Bill ... (read more)
Analyst sees potential in Pinnacle Entertainment17 January 2012
LAS VEGAS, Nevada -- Based on stock price valuation alone, 2011 seemed like a bad year for Pinnacle Entertainment. Shares of the Las Vegas-based regional casino operator lost 28 percent over the last 12 months. Investors grew concerned when weather issues pushed back completion of the company's $357 million project in Baton Rouge, La., until possibly Labor Day this year. ... (read more)
Macau limiting slots-only casinos17 January 2012
MACAU -- The Macau government has taken steps to restrict gaming in residential areas of the Special Administrative Region.
New regulations have been implemented that will keep slot machine parlors from operating in residential parts of the city by the end of March. Melco PBL and Stanley Ho’s SJM Holdings operate the small casinos. ... (read more)
< Previous 10 Articles | Next 10 Articles > |