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Howard Stutz Gaming Guru - Page 198Inside Gaming: Loveman laments perception of gaming22 November 2010
LAS VEGAS -- For about an hour last week, Harrah's Entertainment CEO Gary Loveman turned a Las Vegas Convention Center conference room into a Harvard University lecture hall.
Loveman's keynote address at the Global Gaming Expo implored the industry to fight misinformation and misconceptions about legalized gaming in America. ... (read more)
Slot makers try to boost sales during G2E22 November 2010
LAS VEGAS -- The major slot machine manufacturers at last week's Global Gaming Expo treated Indian casino operators Tony Goetz and Tim De Lugo like royalty.
Goetz, who runs five small casinos in Michigan's Upper Peninsula, and De Lugo, who oversees slot operations at a casino north of Fresno, Calif., ... (read more)
Gaming expo panelists agree gaming industry will recover19 November 2010
LAS VEGAS, Nevada -- Five longtime gaming industry personalities believe the worldwide business they played a hand in creating will recover from its current economic woes.
During a roundtable discussion at the Global Gaming Expo on Wednesday, former International Game Technology Chairman Chuck Mathewson said the gaming industry is already rebounding from its two-year-long recession. ... (read more)
Eastgate to auction off bracelet on eBay17 November 2010
LAS VEGAS, Nevada -- Peter Eastgate, the 2008 World Series of Poker champion, has placed his gold and diamond champions bracelet for sale on eBay.
Eastgate, who earned $9.15 million by topping a field 6,843 players, said in the listing all proceeds from the sale would be donated to the U.S. Fund for UNICEF, a children's charity. ... (read more)
G2E deals already made in Vegas16 November 2010
LAS VEGAS, Nevada -- The trade show hasn't started but the deals are already being made.
During a Sunday meeting with analysts before this week's Global Gaming Expo, Bally Technologies announced it had won contracts to provide equipment that operates two Canadian province lotteries.
But analysts ... (read more)
Duhamel relishes newfound celebrity in Canada15 November 2010
LAS VEGAS, Nevada -- Hours after winning the World Series of Poker's Main Event, Jonathan Duhamel was more popular in Canada than hockey superstar Wayne Gretzky. Newspaper headlines north of the border -- including his hometown Montreal Gazette, Vancouver Sun, and Toronto Star -- proclaimed Duhamel, 23, the country's and the game's newest celebrity. ... (read more)
Bally Technologies wins two Canadian contracts15 November 2010
LAS VEGAS, Nevada -- Bally Technologies has been awarded contracts for equipment covering two Canadian province lotteries, which analysts believe will be worth about $100 million annually to the Las Vegas-based slot machine provider.
Bally announced the award Sunday during meeting with analysts prior to this week's Global Gaming Expo in Las Vegas. ... (read more)
Nevada gaming revenues jump once again12 November 2010
LAS VEGAS, Nevada -- Two months certainly do not make a trend.
But analysts expressed cautious optimism that a pattern was taking hold after state gaming revenues showed a modest increase in September, the first time since the fall of 2007 that Nevada casinos have recorded two straight monthly revenue bumps. ... (read more)
IGT reverses loss, but sees revenues slide12 November 2010
LAS VEGAS, Nevada -- Slot machine giant International Game Technology reversed a fourth-quarter net loss from a year ago, but diminished sales because of casinos' continued disinterest in new purchases caused quarterly revenues to slide 3 percent.
The Reno-based company, which controls about 60 percent ... (read more)
Kerkorian sells off shares in MGM Resorts12 November 2010
LAS VEGAS, Nevada -- Los Angeles-based billionaire Kirk Kerkorian now owns just 27 percent of MGM Resorts International, the company he founded, but remains the casino operator's largest shareholder.
Kerkorian, 93, sold 10.3 million shares of MGM Resorts through Tracinda Corp., his privately held ... (read more)
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