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Howard Stutz Gaming Guru - Page 188Ameristar Casinos finalize major stock buy29 March 2011
LAS VEGAS, Nevada -- Ameristar Casinos finalized the $457.6 million stock purchase from the estate of the regional casino operator's late founder.
In a filing Monday with Securities and Exchange Commission, Las Vegas-based Ameristar said it purchased almost 26.2 million shares of the company's stock from the estate of Craig H. ... (read more)
Who holds the cards in the online poker legalization debate?28 March 2011
LAS VEGAS, Nevada -- The issues surrounding a potential legalization of Internet poker in Nevada became both clearer and more complicated in the same day. The crux of the debate? Supporters of Assembly Bill 258 want Nevada to legalize Internet poker, opening the state to a new industry that would provide ... (read more)
PokerStars, Wynn Resorts reach partnership25 March 2011
LAS VEGAS, Nevada -- Wynn Resorts Ltd. announced a partnership with PokerStars to operate an a U.S.-based online poker website should federal legislation allowing Internet gambling be passed. In a statement released late Thursday by Wynn Resorts, Wynn officials said the companies will work to secure passage of federal Internet gaming legislation. ... (read more)
Internet poker legalization debated in Nevada25 March 2011
LAS VEGAS, Nevada -- Despite the promises of jobs, increased tax dollars and the potential of technology businesses locating to Nevada, a lobbyist for the casino industry told lawmakers Thursday one important aspect would keep them from approving Internet poker in the Silver State. Gambling on the Internet is illegal in the United States. ... (read more)
Nevada Gaming Commission approves Caesars, 888 relationship25 March 2011
LAS VEGAS, Nevada -- The Nevada Gaming Commission on Thursday approved the first ever business relationship between a state-licensed gaming company and a foreign-based Internet gaming operator.
Commissioners said they didn't think this would be the last time Nevada gaming agents will investigate a deal such as the arrangement between Caesars Entertainment Corp. ... (read more)
Nevada executive in favor of online poker23 March 2011
LAS VEGAS, Nevada -- South Point Hotel Casino and Spa owner Michael Gaughan became the first high-profile Nevada gaming executive to voice his support for bill that would legalize Internet poker in Nevada. In a statement expected to be released Tuesday, Gaughan said the Nevada Legislature should pass ... (read more)
Analyst skeptical on Texas casino legislation22 March 2011
LAS VEGAS, Nevada -- One gaming analyst isn’t putting much stock into Texas legalizing casinos anytime soon.
And that’s good news for Las Vegas-based regional casino operator Pinnacle Entertainment.
In a note to investors, Morgan Joseph gaming analyst Justin Sebastiano said a handful of bills were ... (read more)
Vegas company acquires Carson City casino21 March 2011
CARSON CITY, Nevada -- A Las Vegas casino management company has acquired the Carson Station Hotel and Casino in Carson City. 777 Gaming, which operates several small casinos in rural Nevada, purchased the Carson Station, which is located near the State Capitol, for an undisclosed price. The purchase of the 91-room hotel-casino is subject to approval from state gaming regulators. ... (read more)
Banks to fund major Macau bridge project21 March 2011
MACAU -- Seven banks have agreed to finance construction of a long-anticipated massive bridge project that will allow automobile traffic to reach Macau from Hong Kong and the Chinese province of Zhuhai.
Chinese media is reporting loan package is worth roughly $4.5 billion. Separately, the Special ... (read more)
Nevada regulators approve Caesars, 888 relationship16 March 2011
LAS VEGAS, Nevada -- Nevada gaming regulators said Wednesday they weren't passing judgment on the legality of Internet gaming in the United States when they tentatively approved the business relationship between Caesars Entertainment Corp. and online gaming provider 888 Holdings.
The Gaming Control ... (read more)
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