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Howard Stutz Gaming Guru - Page 192Hawaii legislators once again explore gaming legalization7 February 2011
HONOLULU, Hawaii -- Another effort to legalize gambling in Hawaii will most likely fade like a Honolulu sunset.
Hawaii and Utah are the only two states without any form of legalized gaming. A proposal for a single casino on the island of Oahu died in the state legislature a year ago. Other gaming proposals have also failed. ... (read more)
Questions remain over stopped-in-progress Nevada projects7 February 2011
LAS VEGAS, Nevada -- In Laughlin, a few miles up Casino Drive from the cluster of the town's resorts, sits the hulking shell of what was to have been the Emerald River, an $800 million hotel, casino, golf and resort complex. Fourteen floors of one hotel tower and seven floors of a second were completed before the money ran out, the project went bankrupt and construction stopped. ... (read more)
Las Vegas Sands cuts comps for middle-tier gamblers7 February 2011
LAS VEGAS, Nevada -- Las Vegas Sands Corp. has eliminated free hotel rooms and other complimentary offerings for middle-tier customers at its two Strip resorts, a move one gambling expert called "a terrible thing." High-end gamblers still receive benefits, such as show tickets and meals. Company officials ... (read more)
Singapore resort fuels Las Vegas Sands4 February 2011
SINGAPORE -- The Marina Bay Sands is not even a year old, but the $5.5 billion resort has quickly become a key piston in the engine driving Las Vegas Sands Corp. The casino operator said Thursday it reversed a fourth-quarter net loss from a year ago, with a chunk of the increase attributable to the company's resort in Singapore, which opened in April. ... (read more)
MGM Resorts says Egypt hotel will move forward4 February 2011
CAIRO, Egypt -- MGM Resorts International said it is still planning to move forward with a nongaming luxury hotel near Cairo, Egypt, despite the weeklong massive unrest the country is experiencing as protesters seek the ouster of President Hosni Mubarak.
The Las Vegas-based casino operator announced plans for the MGM Grand New Giza in June 2009. ... (read more)
Penn National begins M Resort promotion3 February 2011
LAS VEGAS, Nevada -- Regional casino operator Penn National Gaming told investors Thursday it has begun marketing the M Resort to its customer database while telling Wall Street the property's results should start showing up on the company's balance sheet in the last half of the year. During the company's ... (read more)
Las Vegas gaming industry expected to have slow recovery3 February 2011
LAS VEGAS, Nevada -- Fitch Ratings Service tagged the American gaming industry with a stable outlook Wednesday but said it expects the economic recovery in Las Vegas to lag regional casino markets.
In a report for the investment community, Fitch analysts said gaming revenue growth was resuming in many ... (read more)
Macau casino revenue continues growth2 February 2011
MACAU -- Gaming revenues produced at Macau's more than three dozen casinos grew 33 percent in January, with the Chinese gambling market showing no signs of slowing down after a banner 2010.
The results, $2.32 billion, or a 32.9 percent increase compared with January 2010, came in behind a 52 percent year-over-year increase in December. ... (read more)
Iowa governor proposes gaming tax increase31 January 2011
DES MOINES, Iowa -- Iowa Gov. Terry Branstad has proposed a major tax hike on the state's casino industry as part of his budget package submitted to the Legislature last week.
Under his proposal, the gaming revenues produced by Iowa's riverboat and racetrack casinos would be taxed at 36 percent. ... (read more)
Slot makers hurt by Illinois ruling31 January 2011
SPRINGFIELD, Illinois -- The hopes of slot machine manufacturers in Nevada looking to Illinois as an opportunity for millions of dollars in sales have been dashed by a state appellate court.
Gaming analysts said International Game Technology, Bally Technologies, WMS Industries and other slot makers ... (read more)
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