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Howard Stutz Gaming Guru - Page 197Herbst Gaming expects to exit bankruptcy by next year3 December 2010
LAS VEGAS, Nevada -- The reconstituted Herbst Gaming is expected to exit bankruptcy by the end of the year as new management and owners focus on operating the casino company and slot machine route operator.
The Gaming Control Board gave preliminary approval to the company's new makeup Wednesday during a hearing in Carson City. ... (read more)
Macau gaming revenues jump 42 percent1 December 2010
MACAO -- Macau gaming revenues grew 42 percent during November, boosting the prospects for Nevada gaming companies operating in China.
The Macau Gaming Inspection and Coordination Bureau said this morning the region's casinos collected $2.13 billion in gaming revenues during the month, the second highest month ever. ... (read more)
Isle of Capri Casinos wins 13th Missouri license1 December 2010
ST. LOUIS, Missouri -- Missouri gaming regulators this morning unanimously approved plans by Isle of Capri Casinos to build a casino in downtown Cape Girardeau in the southeastern part of the state.
The move ends speculation over control of the state's 13th gaming license, which was returned to the ... (read more)
Nevada's Buffalo Bill's closed until Christmas Eve30 November 2010
LAS VEGAS, Nevada -- Herbst Gaming closed Buffalo Bill's in Primm until Christmas Eve while the company renovates the property's 1,242 rooms and portions of the casino. Only the concert series at the Star of the Desert Arena remains open. Hotel guests with reservations will be moved to the company's two other Primm resorts, Whiskey Pete's or Primm Valley. ... (read more)
MGM executives travel to Vietnam30 November 2010
LAS VEGAS, Nevada -- MGM Resorts International Chairman and Chief Executive Officer Jim Murren led a delegation of consultations, designers and construction teams to Vietnam recently to visit the site of the future MGM Grand Ho Tram. The planned project, scheduled to open in 2013, is part of a $4.2 billion development near Ho Chi Minh City, formerly known as Saigon. ... (read more)
Isle of Capri front-runner for Missouri license29 November 2010
ST. LOUIS, Missouri -- Isle of Capri Casinos, which has been exploring a Las Vegas casino purchase, appears on track to acquire Missouri's 13th and final gaming license.
The Missouri Gaming Commission released an economic impact study that seemed to favor St. Louis-based Isle of Capri's plan to build a casino in Cape Girardeau in southeastern Missouri. ... (read more)
Pinnacle Entertainment buys Ohio racetrack29 November 2010
LAS VEGAS, Nevada -- Las Vegas-base Pinnacle Entertainment acquired a racetrack in Ohio last week for $45 million on the hopes the state moves forward with plans to legalize slot machine-like video lottery terminals. The regional casino operator bought the River Down Racetrack, which is in the Cincinnati area. ... (read more)
Eastgate bracelet sells for $147,50029 November 2010
LAS VEGAS, Nevada -- The gold and diamond championship bracelet put up for auction on eBay by 2008 World Series of Poker winner Peter Eastgate sold for $147,500. The auction attracted 116 bids. The buyer was not disclosed. Eastgate said all proceeds from sale of the bracelet would be donated to the U.S. ... (read more)
Harrah's officially changes company name23 November 2010
LAS VEGAS, Nevada -- Harrah's Entertainment officially changed its name to Caesars Entertainment Corp. Tuesday, a move the company first considered more than two years ago.
The name Harrah's will remain as one of the company's primary casino brands, along with Caesars and Horseshoe. The company also operates the World Series of Poker and the Total Rewards player loyalty program. ... (read more)
Seidel has stock market crash to thank for HOF career23 November 2010
LAS VEGAS, Nevada -- The stock market crash of 1987 ended Erik Seidel's career on Wall Street as an options trader and sent the one-time backgammon expert into poker. It turned out to be a pretty good job move. Seidel, 51, has earned more than $10 million in tournament poker and collected eight World Series of Poker individual event championship bracelets over a 23-year career. ... (read more)
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