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Howard Stutz Gaming Guru - Page 171Adelson says he opposes regulated online poker8 December 2011
LAS VEGAS, Nevada -- Las Vegas Sands Corp. Chairman Sheldon Adelson has broken ranks with the bulk of the casino industry, telling Washington, D.C. insiders he opposes federal legislation that would allow states to license and regulate online poker. His comments immediately drew criticism from rival gaming operators who are hoping Congress will approve Internet poker legislation. ... (read more)
Macau gaming revenues shatter last year's record2 December 2011
MACAU -- Eleven months are in the books for 2011 and Macau's casino industry has collected more than $30.5 billion in gaming revenues, blowing past the region's total for 2010, which was itself a record haul. Actually, Macau's 34 casinos surpassed last year's $23.5 billion mark during the third quarter. ... (read more)
Market surge boosts gaming stocks2 December 2011
LAS VEGAS, Nevada -- One day doesn't make a month. But Wednesday's 490-point surge by the Dow Jones industrial average -- the largest single day gain since March 2009 -- gave the stock prices of several publicly traded casino operators and slot machine manufacturers a lift on the last day of November. ... (read more)
Frontier site to remain empty on Las Vegas Strip29 November 2011
LAS VEGAS, Nevada -- The empty land on the Strip that once was the site of the New Frontier will remain empty. The Israeli company that bought the 36-acre site in May 2007 for more than $1.24 billion said Monday that it wrote off $500 million of the investment, according to a report in an Israeli financial media outlet. ... (read more)
Macau gaming market still red hot28 November 2011
MACAU -- Any rumors that Macau's gaming market was slowing were put to rest this week. The government's secretary for the economy and finance projected the Chinese gaming enclave could provide the special administrative region roughly $10.6 billion in taxes in 2012. If the figure holds, it would exceed what the entire Nevada casino industry collected in just gaming revenues alone during 2010. ... (read more)
Vegas casino begins remodeling most of 3,500 hotel rooms22 November 2011
LAS VEGAS, Nevada -- The Flamingo Las Vegas has begun remodeling two-thirds of the Strip resort's 3,500 hotel rooms as part of an overall rebranding and renovation of the property, which will become a gateway for the planned $550 million Project Linq development. The $10 million renovation of 2,307 rooms is expected to be completed by May. ... (read more)
Aristocrat Technologies manages small and large slot operators22 November 2011
LAS VEGAS, Nevada -- Sago's Baja Tavern and Lounge won't be confused with M Resort or The Palms Casino Resort. The two off-Strip hotel-casinos each house more than 1,500 slot machines. Sago's, a bar and restaurant at 4790 S. Fort Apache Road, holds a restricted gaming license and operates 15 bar-top slot machines. ... (read more)
Slot machine sales slow but developing22 November 2011
LAS VEGAS, Nevada -- Last month's Global Gaming Expo was hardly sedate.
The leading slot machine manufacturers didn't skimp on promoting their new games and technology. Celebrities, celebrity impersonators, attractive dancers and other means were deployed along the trade show floor of the Sands Expo and ... (read more)
New TV show examines how sportsbook oddmakers operate21 November 2011
LAS VEGAS, Nevada -- If the setting didn't need to be the South Point Hotel Casino and Spa's sports book, "The Linemakers" could easily be filmed in someone's den. The half-hour weekly cable television series surrounds seven friends discussing and analyzing the weekend's college and professional football games. ... (read more)
Massachusetts ready for gambling expansion21 November 2011
BOSTON, Massachusetts -- The ink wasn't even dry on the final piece of legislation authorizing three Las Vegas-style casinos and a slot machine parlor in Massachusetts when Ameristar Casinos bought a seat at the table for $16 million. But the hands may have already been dealt. Gov. Deval Patrick is expected to sign the gaming expansion bill, which landed on his desk late Wednesday night. ... (read more)
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