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Howard Stutz Gaming Guru - Page 185Lake Las Vegas casino to reopen this month6 May 2011
LAS VEGAS, Nevada -- Casino MonteLago, the only gaming site at Lake Las Vegas, has been run by three operators since it opened in 2003. It came close to ceasing operations in 2007 before it was finally shuttered a year ago. The newest operators of the 40,000-square-foot casino at master planned community's Montelago Village made a bold declaration to state gaming regulators Wednesday. ... (read more)
Penn National to take control over M Resort6 May 2011
LAS VEGAS, Nevada -- It didn't take long for Penn National Gaming to act once the company was licensed by Nevada gaming regulators last June. Four months later, the regional casino giant struck a deal to acquire the debt covering the 2-year-old M Resort at a nearly 75 percent discount. By January, Penn was marketing M Resort to its 2.2 million-customer database. ... (read more)
Sands appoints new president for Venetian, Palazzo6 May 2011
LAS VEGAS, Nevada -- A former chief operating officer of Gaylord Hotels has been named the new president of The Venetian Resort-Hotel-Casino and The Palazzo Resort Hotel Casino resorts by Las Vegas Sands Corp. John Caparella will oversee the two Strip hotel-casinos, which have a combined 7,000 rooms, and the Sands Expo and Convention Center. ... (read more)
Gaming revenues top $2.6 billion in Macau3 May 2011
MACAU -- Another month, another gaming revenue record in Macau.
Casinos in the Chinese gaming enclave collected $2.6 billion in April from gamblers, according to figures released by Macau's Gaming Inspection and Coordination Bureau Tuesday.
The monthly total was a 44.6 increase compared with April 2010 and up 2.1 percent over the previous month. ... (read more)
William Hill acquires parent of Lucky's race and sports books3 May 2011
LAS VEGAS, Nevada -- British bookmaker William Hill Plc is acquiring its third Nevada sports book operation in less than a month, agreeing to buy the company that operates Lucky's race and sports books for $15.7 million. The transaction for Brandywine Bookmaking, which is subject to approval of Nevada gaming regulators, is expected to be announced to day. ... (read more)
Florida remains the Holy Grail for casinos2 May 2011
LAS VEGAS, Nevada -- Florida continues to be the gaming industry's Holy Grail. And, like the line from the Monty Python movie, casino expansion advocates hope the issue is not dead yet. There's too much money to be made from the Sunshine State. In 2010, Florida's four racetrack casinos produced $217 million in gaming revenues. ... (read more)
Pinnacle delays opening of Louisiana casino29 April 2011
BATON ROUGE, Louisiana -- Regional casino operator Pinnacle Entertainment told investors Thursday the opening of its hotel-casino project in Baton Rouge, La., would be delayed several months. The Las Vegas-based company said unusually high Mississippi River water levels had slowed construction of its $357 ... (read more)
Hong Kong officials want more info on MGM IPO29 April 2011
MACAU -- Media in China reported Thursday night that financial officials want more information about a planned initial public offering on the Hong Kong Stock Exchange by MGM Resorts International.
The Listing Committee of Hong Kong Exchanges & Clearing Ltd. was reportedly concerned about the shareholding structure of the company after the planned listing. ... (read more)
Moody's believes states will be first to legalize online poker29 April 2011
LAS VEGAS, Nevada -- A Wall Street ratings service believes the recent government crackdown on Internet poker could open the door for individual states to grab a piece of the action by legalizing the activity within their borders. Analysts for Moody's Investors Service said in a report Wednesday there is ... (read more)
Ameristar Casinos chairman announces resignation27 April 2011
LAS VEGAS, Nevada -- Ameristar Casinos Chairman Ray Neilsen announced his resignation Tuesday, saying he will step away from the Las Vegas-based company founded by his late father on May 5. Neilsen said he would focus his attention on The Craig H. Neilsen Foundation, which his father established to focus on spinal-cord injury research and treatment. ... (read more)
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