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Howard Stutz Gaming Guru - Page 186IGT sells British-based slot developer27 April 2011
LAS VEGAS, Nevada -- Slot machine manufacturer International Game Technology announced Wednesday it sold its British-based Barcrest Group for between $54 million and $66 million.
The transaction with lottery equipment provider Scientific Games could close later this year.
Barcrest develops slot machines and game content for casinos in the United Kingdom and other European markets. ... (read more)
Vancouver casino plans go up in smoke26 April 2011
VANCOUVER, British Columbia -- Las Vegas-based Paragon Gaming Inc.'s quest to build a casino in downtown Vancouver, British Columbia, was ended by last week by city leaders. Vancouver's City Council voted unanimously to kill the $500 million project that would have included two hotel towers, four residential towers and a casino with 1,500 slot machines and 150 table games. ... (read more)
Leroy's continues to stay ahead of the game25 April 2011
LAS VEGAS, Nevada -- In the mid-1980s, Leroy's Race and Sports Book owner Vic Salerno spent $7,000 to install a satellite television dish atop his building.
At the time, Salerno thought he was making a heck of an investment.
Leroy's was an independent betting parlor, tucked between a pawnshop and a ... (read more)
Whopper Bar a huge hit at Vegas hotel21 April 2011
LAS VEGAS, Nevada -- The marriage of a trendy restaurant brand and Las Vegas is either a hit or a miss. There is no middle ground. By all accounts, the Whopper Bar, an enhanced version of the Burger King fast-food chain, has been an unqualified success since opening last month at the Rio All-Suite Hotel & Casino inside the hotel-casino's Masquerade Village. ... (read more)
Experts weigh in on Nevada gaming market recovery19 April 2011
LAS VEGAS, Nevada -- Back in the good old days, the South Point Hotel Casino and Spa would cash up to $4 million in paychecks on a busy weekend. The good old days were just a few years ago. Since then, the Las Vegas economy has declined into a recession. Unemployment soared to record levels while the Southern Nevada housing market tanked. ... (read more)
Slot makers continue to struggle18 April 2011
LAS VEGAS, Nevada -- If you want to understand the tough going for slot machine manufacturers, just ask the people running the companies.
Bally Technologies and WMS Industries reduced their quarterly earnings forecasts. In separate statements, the companies said casino operators are not buying new slot machines and gaming equipment. ... (read more)
NBC Heads-Up broadacast features PokerStars, Full Tilt18 April 2011
LAS VEGAS, Nevada -- NBC began its weekly broadcasts Sunday of the National Heads-Up Poker Championship that were filmed at Caesars Palace last month. Was it just coincidence the event began its seven-week broadcast schedule the same weekend of what has become known through the poker world as “Black ... (read more)
Nevada lawmaker targeting PokerStars18 April 2011
LAS VEGAS, Nevada -- A state lawmaker and former U.S. attorney in Nevada called for federal and state investigations into the political activities of PokerStars, one of three Internet gaming companies whose American operations were shut down and seized Friday by the U.S. Department of Justice. State Sen. ... (read more)
Isle of Capri awarded Pennsylvania gaming license15 April 2011
HARRISBURG, Pennsylvania -- Regional gaming operator Isle of Capri Casinos was awarded Pennsylvania's final gaming license Thursday by the state's gaming regulators. The St. Louis-based company will build the Lady Luck Nemacolin at Nemacolin Woodlands Resort in Fayette County. The $50 million project is ... (read more)
MGM Resorts will gain majority ownership of MGM Grand Macau13 April 2011
MACAU -- MGM Resorts International will gain majority ownership of the MGM Grand Macau in an agreement announced Wednesday with its joint venture partner. The change in ownership will take place once the company's initial public offering is listed on the Hong Kong Stock Exchange. Ownership of the 600-room ... (read more)
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