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Howard Stutz Gaming Guru - Page 168Benefits cited to IGT's purchase of Double Down Interactive16 January 2012
LAS VEGAS, Nevada -- Analysts said Friday that the $500 million acquisition of an online social gaming company by International Game Technology has two benefits.
The transaction puts the Nevada-based slot machine maker's products in front of the booming social media market while also putting IGT out in front of the competition once Internet gaming becomes available to American customers. ... (read more)
States now look towards regulated online gaming16 January 2012
LAS VEGAS, Nevada -- Federal prosecutors may have cracked opened the door for individual U.S. states to operate Internet poker websites without Congress passing online poker legislation. At least a half-dozen states -- including Nevada -- and the District of Columbia have enacted laws or are contemplating regulatory changes that would allow some form of Internet poker within their boundaries. ... (read more)
Gordon Ramsay opening restaurant in Vegas16 January 2012
LAS VEGAS, Nevada -- Celebrity Chef Gordon Ramsay, known for his fiery personality on the reality television shows “Hell’s Kitchen,” “MasterChef” and “Kitchen Nightmares,” will open a restaurant at Paris Las Vegas in the spring. Gordon Ramsay Steak will be his first restaurant in Las Vegas and will replace Les Artistes Steakhouse at the Strip resort. ... (read more)
IGT acquires Double Down Interactive for $500 million13 January 2012
LAS VEGAS, Nevada -- International Game Technology has reached agreement to acquire Double Down Interactive, an online social gaming company, for $500 million, the Las Vegas-based company announced Thursday.
Double Down Interactive is the developer of the DoubleDown Casino found on Facebook. Launched in ... (read more)
MGM Resorts trying to acquire land in Massachusetts13 January 2012
BOSTON, Massachusetts -- MGM Resorts International officially entered the race for a Massachusetts casino license on Thursday, signing a deal to acquire 150 acres in the town of Brimfield for a hotel-casino complex. The location, 65 miles west of Boston, is considered western Massachusetts, where one of three resort-style casino licenses authorized by the state last year would be located. ... (read more)
Moody's upgrades view on CityCenter10 January 2012
LAS VEGAS, Nevada -- CityCenter bonds are looking like a better bet, according to investment adviser Moody's. Moody's upgraded its view of CityCenter's roughly $1.5 billion of debt Monday, saying the prospects of increased visitation to Las Vegas this year helps the 67-acre, multiple development Strip complex. ... (read more)
MGM Resorts spokesman named chairman of NCRG10 January 2012
LAS VEGAS, Nevada -- MGM Resorts International Senior Vice President of Public Affairs Alan Feldman has been named chairman of the board for the National Center for Responsible Gaming.
Feldman, the chief spokesman for MGM Resorts, has been on the Washington D.C.-based organization's board since 2000. ... (read more)
Ohio casinos delayed by up to two months10 January 2012
COLUMBUS, Ohio -- A licensing hang-up will delay the openings of two Ohio casinos by up to two months. One, in Cleveland, is half-owned and would be managed by Caesars Entertainment Corp. Ohio's Casino Control Commission has not completed the background checks on some 15 individuals with Penn National ... (read more)
Downtown Las Vegas ready for transformation9 January 2012
LAS VEGAS, Nevada -- Downtown Las Vegas needs more than just a steakhouse named for former Mayor Oscar Goodman if the market is going to rebound following gaming revenue declines in five of the last six years. That extra help is on the way. 2012 is a transition year for downtown, in advance of online ... (read more)
Resorts World New York collects almost $90 million9 January 2012
NEW YORK, New York -- Resorts World Casino New York City, the casino attached to the Aqueduct Race Track in New York City, collected gaming revenues of $89.9 million through Dec. 31, having been open less than three months. Malaysia-based Genting operates the casino, which opened its second phase Dec. ... (read more)
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