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Howard Stutz Gaming Guru - Page 169Nevada casinos suffer $4 billion net loss in fiscal 20116 January 2012
LAS VEGAS, Nevada -- Nevada highest-grossing casinos suffered a net loss of almost $4 billion in fiscal year 2011, according to a report released this morning by state gaming regulators.
According to the Nevada Gaming Abstract, 256 casinos, which grossed $1 million or more in gaming revenue, generated a combined net loss of $3.99 billion on total revenues of $22 billion. ... (read more)
M Resort's Marnell says he opposes Internet poker legalization6 January 2012
LAS VEGAS, Nevada -- M Resort President Anthony Marnell III said he opposed the legalization of online poker during a recent interview with a statewide public affairs television program. Marnell became the second gaming industry executive to come out against the current efforts to legalize Internet poker, echoing similar comments made last month by Las Vegas Sands Corp. ... (read more)
Macau gaming revenues $33.5 billion last year4 January 2012
MACAU -- Forget the Strip.
Macau's 2011 gaming revenue total surpassed the combined casino revenues produced by the top 20 U.S. commercial casino markets in 2010.
And, analysts said, Macau shows no signs of a slowing.
Macau gaming revenues reached a staggering $33.5 billion in 2011, the ... (read more)
Gaming stocks slump in 20114 January 2012
LAS VEGAS, Nevada -- Good riddance to 2011.
A majority of the gaming sector saw its average daily stock prices nosedive during the year despite a perceived economic recovery in most of the major gambling markets, including Las Vegas.
Seven out of the 10 casino operators and slot machine ... (read more)
Brunson earns EPL Lifetime Players Card3 January 2012
LAS VEGAS, Nevada -- Is there any honor or recognition that poker icon Doyle Brunson has yet to receive? Brunson, 78, is considered the game's living legend. He was one of the original Texas Rounders, a group of gamblers who traveled the back roads of the state finding the big money poker games in the 1950s and 1960s. ... (read more)
DOJ statement not a green light for Internet gaming3 January 2012
LAS VEGAS, Nevada -- Based on the reaction of Internet poker supporters, you would have thought Santa Claus had arrived early.
Two days before Christmas, the U.S. Department of Justice announced it reversed a long-standing opinion on the federal Wire Act of 1961. What remains unclear is whether Santa brought the new Lexus they had been dreaming about or a stocking full of coal. ... (read more)
New Bellagio nightclub ready for opening30 December 2011
LAS VEGAS, Nevada -- Sam Nazarian has long-believed the Strip was a perfect spot for one of SBE Entertainment's nightlife brands. Little did he imagine a prime location at the center of Bellagio would open up. "With great real estate comes great responsibility," said Nazarian, whose SBE-operated Hyde ... (read more)
World Poker Tour stays steady in 10th season28 December 2011
LAS VEGAS, Nevada -- In some ways, the World Poker Tour has gotten lost in the hoopla that has surrounded the game over the past 10 years. But if you ask the folks who have lived and breathed the World Poker Tour since the tournament's first hand was dealt in 2002 at Bellagio, they will tell you the tour is one of the main reasons poker has gone through its renaissance and growth. ... (read more)
Gaming expansion to be major story in 201228 December 2011
LAS VEGAS, Nevada -- What could become the gaming industry's biggest story of 2012 is already taking shape. Nevada-based casino operators and slot machine manufacturers are evaluating the political and economic landscape of what some hope will evolve into the industry's largest expansion year on record. ... (read more)
Shuffler Master's net income jumps 71 percent21 December 2011
LAS VEGAS, Nevada -- Gaming equipment provider Shuffle Master Inc. grew its net income 71 percent in the fourth quarter, thanks partly to increased revenues from leasing casino products and the sale of electronic table games to racetrack casinos in New York.
Shuffle Master, which is based in Las Vegas, ... (read more)
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