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Howard Stutz Gaming Guru - Page 199Harrah's changing name to Caesars Entertainment9 November 2010
LAS VEGAS, Nevada -- Harrah's Entertainment is planning to raise $610.9 million in an initial public offering this month and will change its corporate name to Caesars Entertainment.
In a filing with the U.S. Securities and Exchange Commission on Friday, the casino operator said it would offer 31.3 ... (read more)
MGM Resorts completes Atlantic City sale5 November 2010
ATLANTIC CITY, New Jersey -- MGM Resorts International completed the initial portion of its divestiture from Atlantic City Thursday by completing the sale of the land underneath the Borgata. The company will collect net proceeds of $71 million for the approximately 11.3 acres. MGM Resorts announced the sale in July to Vornado Realty Trust and Geyser Holdings. ... (read more)
Gaming leaders pleased with Reid re-election5 November 2010
LAS VEGAS, Nevada -- Consensus is that Nevada slot machine manufacturers and the Silver State's casino industry were the big winners in the 2010 midterm elections.
The approval of ballot referendums in two communities in Maryland and Missouri could pave the way for some 6,000 slot machines at casinos in those markets. ... (read more)
Mizrachi, eight others ready for November Nine1 November 2010
LAS VEGAS, Nevada -- Some have dubbed Saturday's final table at the World Series of Poker's Main Event as "The Grinder and the Eight Unknowns." Michael Mizrachi, aka "The Grinder," thinks the analysis is a off the mark. "This is a tough lineup of players. I can't take anything away from them," said Mizrachi, 29, of North Miami Beach, Fla. ... (read more)
Lucky's to open second downtown Vegas sportsbook1 November 2010
LAS VEGAS, Nevada -- Sports book operator Lucky's will open its second downtown location at Fitzgeralds Casino. The location will mark Lucky's 14th facility in Nevada. Brandywine Bookmaking operates the company, which is headed by Joe Asher. The second downtown location — Lucky's currently runs the race ... (read more)
Gaming stocks rise in October1 November 2010
LAS VEGAS, Nevada -- It wasn't results inside casinos that drove gaming industry stock prices up robustly in October.
Plans announced by several companies that are attempting to improve their balance sheets gave investors confidence in the sector as a whole.
Nine of the 10 publicly traded casino ... (read more)
Harrah's to operate Philadelphia casino development27 October 2010
LAS VEGAS, Nevada -- Harrah's Entertainment is the latest Las Vegas-based casino operator being brought in to try to revive a troubled casino development in Philadelphia.
Philadelphia Entertainment and Development Partners struck an agreement with Harrah's to operate a planned $438 million casino in south Philadelphia along the Delaware River. ... (read more)
Two Strip resorts to join InterContinental Hotels' network27 October 2010
LAS VEGAS, Nevada -- Las Vegas Sands Corp. announced a 10-year licensing agreement with IHG, operators of the InterContinental Hotels chain, to list The Venetian and Palazzo within the brand's portfolio. The deal allows the Strip properties to maintain their separate identities, but they become part of the ... (read more)
Boyd Gaming won't purchase all of Borgata25 October 2010
ATLANTIC CITY, New Jersey -- Boyd Gaming Corp. said this morning it wouldn't match the offer MGM Resorts International received for its 50 percent stake in Atlantic City's Borgata hotel-casino. The Las Vegas-based company will continue to operate the Borgata. "Given other opportunities and our current ... (read more)
Penn National still pursuing Strip resort25 October 2010
LAS VEGAS, Nevada -- Penn National Gaming executives Thursday said the company's acquisition of the debt covering M Resort does not mean the casino operator is done shopping for a Strip casino. Company officials spent the first portion of their third-quarter conference call with analysts and investors ... (read more)
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