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Howard Stutz Gaming Guru - Page 172Moody's bullish on Vegas gaming companies18 November 2011
LAS VEGAS, Nevada -- Moody's Investors Service on Thursday upgraded its opinion of the three Nevada-based gaming companies that operate casinos in Asia, saying gaming markets in that region of the world will continue to flourish. The ratings agency said the prospects for potential earnings for MGM Resorts International, Las Vegas Sands Corp. ... (read more)
Caesars Palace to hire 450 employees18 November 2011
LAS VEGAS, Nevada -- Caesars Palace will hire 450 employees in conjunction with the opening of its 668-room Octavius Tower on Jan. 2. The new hotel tower will give the Strip resort more than 3,960 rooms. Caesars is seeking employees for both front- and back-of-house positions in hotel operations, guest services and VIP services. ... (read more)
Arkansas ballot initiative could bring seven casinos18 November 2011
LITTLE ROCK, Arkansas -- Arkansas could be the next hotbed for casino expansion if a Texas businessman succeeds in putting a proposed constitutional amendment before voters next year.
Michael Wasserman of Gainsville, Texas, who has spearheaded several failed efforts to establish casinos in Arkansas, ... (read more)
Caesars Entertainment begins IPO process16 November 2011
LAS VEGAS, Nevada -- Caesars Entertainment Corp. on Tuesday restarted the company's plans for an initial public stock offering, but at about 10 percent of what the casino operator hoped to raise when it canceled the idea nearly a year ago. In a filing with the Securities and Exchange Commission, Caesars ... (read more)
Internet key for American poker players14 November 2011
LAS VEGAS, Nevada -- For a brief moment at last week's World Series of Poker finale, the game's past and future shared the stage at the Rio. Doyle Brunson, poker's 78-year-old patriarch, received a warm ovation as he took part in the night's Poker Hall of Fame induction ceremonies. As the festivities ended ... (read more)
Nevada gaming revenues drop 6 percent in September11 November 2011
LAS VEGAS, Nevada -- Let's not start panicking yet.
That's the message from analysts reviewing Nevada's September gaming revenue results, released Wednesday by the Gaming Control Board.
Casinos statewide saw their take from customers decline almost 6 percent to $863.9 million, the second straight monthly revenue drop. ... (read more)
Caesars chairman bullish on online poker11 November 2011
LAS VEGAS, Nevada -- Caesars Entertainment Corp. Chairman Gary Loveman has a message for his Strip colleagues who have recently embraced Internet poker and want Congress to legalize the activity:
Welcome to the party.
During the company's third-quarter earnings conference call with analysts, Loveman said Caesars was first in support of Internet poker legalization. ... (read more)
IGT profits soar due to higher machine sales11 November 2011
LAS VEGAS, Nevada -- International Gaming Technology reported Tuesday that fourth-quarter profits more than doubled from a year ago, boosted by higher machine sales in North America and increases in international gaming operations.
For the three months ended Sept. 30, IGT said net income reached $60 million, or 20 cents a share, compared with $23 million, or 8 cents a share, a year earlier. ... (read more)
MGM Resorts says Las Vegas properties are recovering4 November 2011
LAS VEGAS, Nevada -- MGM Resorts International said Thursday its 10 Strip casinos are showing signs of recovery. As part of the company’s third quarter earnings announcement Thursday, MGM Resorts said revenue per available room grew 13 percent in the quarter at the company’s 10 Strip resorts, including Bellagio, MGM Grand Las Vegas and the CityCenter complex. ... (read more)
Macau gaming revenues hit record in October2 November 2011
MACAU -- Macau's gaming revenues soared to a new single-month record in October, fueled by the Chinese holiday of Golden Week.
The Macau Gaming Inspection and Coordination Bureau said Tuesday that casino operators collected gaming revenues of 26.9 billion patacas, or $3.36 billion. The figure was a 42.3 percent increase over October 2010. ... (read more)
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