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Howard Stutz Gaming Guru - Page 180M Resort sees jump in earnings22 July 2011
LAS VEGAS, Nevada -- So how well are things going at M Resort since the hotel-casino was acquired by Penn National Gaming? Executives from the Wyomissing, Pa.-based casino operator plan to travel to Las Vegas in October for the Global Gaming Expo and wanted to stay at the 390-room hotel-casino that officially became part of the company in June. ... (read more)
Wynn Resorts sees major jump in profits19 July 2011
LAS VEGAS, Nevada -- Casino operator Wynn Resorts Ltd. continued to benefit from its casinos in Macau, and a rebound in Las Vegas as double-digit increases in revenues across the board helped the company more than double its second-quarter profit. Wynn Resorts on Monday reported earnings of $122 million, or ... (read more)
Gaming Hall of Fame inductees include Adelson, Blue Man Group19 July 2011
LAS VEGAS, Nevada -- Las Vegas Sands Corp. Chairman Sheldon Adelson, Strip headliners the Blue Man Group and celebrity chef Charlie Palmer are the 2011 inductees to the Gaming Hall of Fame, the American Gaming Association announced Monday. The inductees will be honored Nov. 1 at the 23rd annual Gaming Hall of Fame Charity Dinner and Induction Ceremony. ... (read more)
Bally wins contract for Golden Nugget Atlantic City19 July 2011
ATLANTIC CITY, Nevada -- Slot machine maker Bally Technologies picked up the systems contract for the rebranded Golden Nugget Atlantic City, the company announced Tuesday. The deal is one of several contracts the Las Vegas-based company has announced in recent weeks for slot machine and casino management systems. ... (read more)
Atlantic City seeing signs of progress18 July 2011
ATLANTIC CITY, New Jersey -- Only in Atlantic City would news of a 4 percent decline in gaming revenues be a cause for celebration. The Press of Atlantic City found that if a gambler with a hot hand at craps had not taken the Tropicana Atlantic City Casino & Resort for more than $8 million last month, June's decline would have been just 2 percent. ... (read more)
Gaming veteran Terry Lanni dies at 6818 July 2011
LAS VEGAS, Nevada -- Terry Lanni never backed away from a debate. In November 2007, Lanni, chairman and chief executive officer of MGM Mirage Corp., walked into a Bellagio ballroom to address the annual luncheon of the Nevada Development Authority. He told more than 800 business leaders they needed to pay higher taxes. ... (read more)
Poker players find reason to unite10 July 2011
LAS VEGAS, Nevada -- If anything positive has arisen in the three months since federal prosecutors imploded the Internet poker world, it's that the subject is no longer taboo. A few members of Congress -- Democrats and Republicans -- support legalizing and regulating Internet poker. The Poker Players Alliance, a nonprofit Washington, D.C., advocacy organization, has seen its membership boom. ... (read more)
No drop in this year's WSOP1 July 2011
LAS VEGAS, Nevada -- If the 2011 World Series of Poker ended today, it would close with the fourth-most participants in the tournament's 42-year history. With eight events left to go, however, including next week's start of the $10,000 buy-in No Limit Hold'em World Championship Main Event, the current World Series of Poker is on track to shatter several all-time records. ... (read more)
Full House Resorts to run Lake Tahoe casino1 July 2011
LAS VEGAS, Nevada -- Las Vegas-based Full House Resorts has signed a deal to lease the Grand Lodge Casino at the Hyatt Regency in Lake Tahoe, giving the gaming operator its second Nevada property. Full House, which manages several Indian casinos in the Midwest, also owns the Stockman's Casino in Fallon. ... (read more)
Moody's upgrades Las Vegas Sands rating27 June 2011
LAS VEGAS, Nevada -- Moody's Investors Service on Friday revised Las Vegas Sands Corp's rating outlook to positive from stable and affirmed its Ba3 corporate rating.
The revision reflects greater confidence that Las Vegas Sands will be able to reduce its debt ratio, which is required for a one-notch ratings upgrade. ... (read more)
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