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Howard Stutz Gaming Guru - Page 191Nevada company awarded Louisiana gaming license18 February 2011
LAS VEGAS, Nevada -- The former chief executive officer of Pinnacle Entertainment will have the chance to develop the hotel-casino project that his ex-employer canceled. Louisiana gaming authorities on Thursday awarded the state's final gaming license to Creative Casinos, a Las Vegas-based company headed by ... (read more)
Adelson envisions a "mini Las Vegas Strip" in Spain18 February 2011
SINGAPORE -- Las Vegas Sands Corp. Chairman Sheldon Adelson said Thursday he wants to create a $20 billion "mini Las Vegas Strip" in Spain. Adelson, in Singapore for the opening of a new entertainment feature at the $5.5 billion Marina Bay Sands, told news organizations the casino company is eyeing Spain as its next foreign gaming destination. ... (read more)
CityCenter condos bring in $490 million16 February 2011
LAS VEGAS, Nevada -- CityCenter condominium sales, once anticipated to be a $2.7 billion business venture, brought in $490 million in revenues in 2010, according to figures supplied by MGM Resorts International in the company's year-end financial release. The 67-acre Strip development has three high-rise ... (read more)
Penn National continues to stay busy15 February 2011
LAS VEGAS, Nevada -- Penn National Gaming has proved itself to be a casino operator that doesn't like to wait. The regional gaming company began preliminary site work in January on a potential location in New Orleans for a $145 million casino, even though Louisiana won't award the gaming license until later this month. ... (read more)
MGM founder donates $200 million to UCLA15 February 2011
LAS VEGAS, Nevada -- MGM Resorts International founder Kirk Kerkorian is transferring his $200 million charitable foundation to UCLA.
Kerkorian, 93, is a Los Angeles-based financier who founded the Strip casino giant and still remains the company's largest stockholder. Kerkorian is also a member of the MGM Resorts board of directors. ... (read more)
Stanley Ho drama heats up in Macau14 February 2011
MACAU -- Today's episode of the "Hos and the Restless" finds sisters Daisy and Pansy defending themselves in a Hong Kong courtroom after being sued by their ailing 89-year-old billionaire father, Stanley, for trying to swipe the family business.
Meanwhile, three of Stanley's four wives and the rest of his 17 children are tussling over their share of his estimated $3 billion in assets. ... (read more)
Success in Singapore leads operators to look towards Asia14 February 2011
SINGAPORE -- Singapore's two hotel-casinos -- including a $5.5 billion resort opened in April by Las Vegas Sands Corp. -- are being credited with a 20 percent increase in tourism to the island nation. Other Asian markets may now be looking to copy the Singapore model, especially after seeing the amount of gaming proceeds the government is reporting. ... (read more)
Nevada sees first yearly revenue increase in two years11 February 2011
LAS VEGAS, Nevada -- Nevada ended two straight years of declining gaming revenues by the slightest of margins.
The Gaming Control Board said Thursday that casinos statewide collected $10.4 billion in gaming revenues in 2010, an increase of 0.1 percent, or roughly $12 million, compared with $10.39 billion in gaming revenues reported in 2009. ... (read more)
Union Gaming Group opens Macau office11 February 2011
MACAU -- Las Vegas-based Union Gaming Group has opened a subsidiary in Macau.
The firm, which publishes equity research and analysis on the casino industry, placed an office on the Macau peninsula. The special administrative region of China had gaming revenues of $25.4 billion in 2010, making it the world's largest gambling jurisdiction. ... (read more)
Sportsbooks split on how to handle Aguilera anthem9 February 2011
DALLAS, Texas -- Nevada's sports books posted hundreds of unusual and unique proposition wagers on Sunday's Super Bowl, won by the Green Bay Packers, 35-21 over the Pittsburgh Steelers. One wager that wasn't posted was an over/under on how long it would take four-time Grammy Award winning singer Christina Aguilera to perform the National Anthem. ... (read more)
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