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Howard Stutz Gaming Guru - Page 17Full House reduces quarterly net loss14 August 2015
Las Vegas-based Full House Resorts reduced its net loss in the second quarter, announcing its results the day after revealing plans for a $650 million gaming development in Indianapolis. The company, which operates casinos in Northern Nevada, Mississippi and Indiana, said Wednesday it lost $427,000, or 2 cents per share, in the quarter that ended June 30. ... (read more)
Inside Gaming: Harrah's New Orleans sees revenue drop under smoking ban12 August 2015
Hurricane Katrina couldn't crush the spirit of Harrah's New Orleans Casino 10 years ago. The aftermath of the massive storm shuttered the property near the Mississippi River and entrance to the famous French Quarter for just six months while the city recovered, reopening for Mardi Gras in February 2006. ... (read more)
IGT grows quarterly revenue as profits decline12 August 2015
Slot machine maker International Game Technology grew revenue 36 percent in the second quarter but saw a decline in profits as the now London-based company reported its first full earnings since merging with lottery giant GTECH Holdings in a $6.4 billion deal in April. In the quarter that ended June 30, the combined company said its net income of $116 million declined 32 percent from a year ago. ... (read more)
Full House Resorts proposes $650 million Indianapolis casino12 August 2015
Las Vegas-based casino operator Full House Resorts wants to build a $650 million resort development near Indianapolis and is willing to give up half the games at its southeastern Indiana casino for the project. The company proposed the development to Indiana lawmakers at the site of a razed airport terminal and nearby parking lots that are no longer used by the Indianapolis Airport Authority. ... (read more)
Inside Gaming: Adelson has optimistic outlook for Macau10 August 2015
Billionaire Sheldon Adelson remains Macau's most optimistic and vocal cheerleader. The question is, does anyone in the investment community share the same rosy outlook as the chairman, CEO and largest shareholder in Las Vegas Sands Corp.? After 14 straight monthly gaming revenue declines in Macau — the ... (read more)
HR consultant says gaming jobs are returning10 August 2015
Ann Simmons Nicholson has hired gaming industry workers in good times and bad. "There were times where, if you were good, you could name your price," she said. These days, times are good — not as good as in the 1990s and early 2000s when gaming was expanding across the country, but the recession is over. ... (read more)
Affinity Gaming reverses second-quarter loss10 August 2015
Affinity Gaming reversed a second-quarter net loss, which the Las Vegas-based company's chief executive credited to a change in the casino operator's marketing approach. Affinity, which owns the off-Strip Silver Sevens Hotel and Casino, the three Primm properties and casinos in Iowa, Missouri and Colorado, ... (read more)
Cosmopolitan of Las Vegas shows second-quarter profit10 August 2015
The Cosmopolitan of Las Vegas showed a profit of more than $15.3 million in the second quarter, reversing a net loss from a year ago. The hotel-casino, acquired last year by an affiliate of the New York-based Blackstone Group, filed its financial results for the quarter that ended June 30 with the Securities and Exchange Commission Friday but did not issue a formal statement. ... (read more)
Skill-based slots still far from reaching casino floors7 August 2015
After more than two-and-a-half hours of discussion of regulations for skill-based slot machines, Nevada is no closer to seeing the potential industry-changing games on casino floors than when the hearing began Thursday afternoon. The Gaming Control Board oversaw its second workshop in Carson City concerning regulations to accommodate technology approved by the Legislature this year. ... (read more)
MGM dreams of luxury shopping in wake of Harmon 'nightmare'7 August 2015
So what does a company do with a 2.5-acre hole-in-the-ground on the Strip after years of an expensive and contentious construction defect lawsuit? Answer: It won't be another high-rise building. The never-finished Harmon, plagued by structural problems and the subject of a now-concluded massive legal fight over responsibility for construction defects, has been torn down. ... (read more)
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