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Howard Stutz Gaming Guru - Page 187Slot makers see stock prices plunge12 April 2011
LAS VEGAS, Nevada -- A lower-than-expected quarterly earnings announcement by WMS Industries sent the stock prices of slot machine companies to large declines Tuesday morning.
WMS, which said Monday its revenues and earnings per share would be far below projections, saw its stock price decline almost 16 percent this morning on New York Stock Exchange, down almost $6 a share. ... (read more)
WSOP to relive three memorable Main Event matches11 April 2011
LAS VEGAS, Nevada -- A made-for-television event will allow World Series of Poker fans to relive some the tournament’s most memorable heads-up moments. The tournament will re-stage three famous two-player Main Event finals, which will be filmed by ESPN and aired as part of its World Series of Poker coverage this summer. ... (read more)
Nevada gaming revenues fall again11 April 2011
LAS VEGAS, Nevada -- February's gaming results never stood a chance. Statewide casino revenues dipped almost 7 percent during the month, which was Nevada's fourth straight monthly decline, according to figures released Friday by the Gaming Control Board. On the Strip, gaming revenues fell almost 9.6 percent in February, also the fourth month in a row the take from gamblers decreased. ... (read more)
Bluff names Harry Reid to its "Power 20"5 April 2011
LAS VEGAS, Nevada -- Bluff Magazine named its “Power 20” for poker in 2011. Not surprisingly, decorated professional poker player Howard Lederer, a fan-favorite and consultant to Internet poker companies was at the top of the list. Lederer is a vocal advocate for legalizing online poker. The No. 4 name on the list might surprise some; U.S. ... (read more)
Don't bet on Texas gambling expansion4 April 2011
AUSTIN, Texas -- The phrase, "all hat, no cattle" depicts someone who is big on talk but little on substance. The term also best describes the prospects for gaming expansion in Texas. Gambling proponents have put forward a multitude of ideas over the past decade. But they have nothing to show for their efforts. ... (read more)
Full Tilt reaches agreement with Fertitta Interactive1 April 2011
LAS VEGAS, Nevada -- Online gaming giant Full Tilt Poker and Fertitta Interactive, which is co-owned by the family that founded Station Casinos, have struck a partnership to operate an Internet poker website if the activity gains federal approval. The agreement covers only potential federal legislation for ... (read more)
Casino stocks tumble in March1 April 2011
LAS VEGAS, Nevada -- Recessionary fears caused gaming stocks to tumble in March and skittish investors grew concerned that high gasoline costs could keep casino customers from traveling.
Only two gaming companies out of the 10 casino operators and slot machine manufacturers charted by Las Vegas-based ... (read more)
Macau sees historic March with $2.5 billion in revenue1 April 2011
MACAU -- Macau casinos shattered the Chinese gaming enclave's monthly gaming revenue records during March, collecting the equivalent of $2.5 billion from gamblers.
The Macau Gaming Inspection and Coordination Bureau said casinos in the Chinese Special Administrative reported revenues of 20.1 billion patacas during March, a 48 percent increase compared with revenues reported in March 2010. ... (read more)
Pinnacle Entertainment names new CFO29 March 2011
LAS VEGAS, Nevada -- Pinnacle Entertainment named Carlos Ruisanchez as chief financial officer Monday, replacing Stephen Capp, who had resigned effective the end of the month.
Ruisanchez, 40, is currently the Las Vegas-based regional casino operator’s executive vice president of strategic planning and development. ... (read more)
IGT ready for a rebound29 March 2011
LAS VEGAS, Nevada -- International Game Technology is picking itself up off the canvas. The slot machine giant has taken more blows than a punch-drunk fighter over the past two years. But IGT, which is estimated to control roughly 60 percent of domestic slot machine market, is starting to win over its harshest critics. ... (read more)
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