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Howard Stutz Gaming Guru - Page 200WMS lawsuit could affect Bally at G2E25 October 2010
LAS VEGAS, Nevada -- Timing is everything.
Still a patent infringement lawsuit between rival slot machine manufacturers is not an earth-shattering story. Much of the gambling equipment sector has spent the past decade in federal courtrooms arguing over intellectual property matters covering casino game technology. ... (read more)
Wynn Resorts to make more shares public25 October 2010
LAS VEGAS, Nevada -- Wynn Resorts Ltd. filed documentation with federal regulators late Friday to sell an unspecified number of shares in the casino operator.
In a shelf registration and prospectus listed with the Securities and Exchange Commission, the company did not reveal how many shares it planned ... (read more)
Cosmopolitan gets final licensing approval22 October 2010
LAS VEGAS, Nevada -- Nevada gaming regulators on Thursday granted operators of the Cosmopolitan of Las Vegas final licensing approval, setting the stage for the hotel-casino's opening in December. The Nevada Gaming Commission, meeting in Carson City, took about an hour to approve the oft-delayed $3.9 billion development, which will open about 2,000 of its 2,995 hotel rooms on Dec. ... (read more)
Harrah's Entertainment files for IPO19 October 2010
LAS VEGAS, Nevada -- Harrah's Entertainment, which went private nearly three years ago in one of the largest private equity buyouts on record, filed documents Monday for a return to the public markets to raise more than $500 million to pay for several development projects, including completion of a hotel tower at Caesars Palace. ... (read more)
Harrington, Seidel are newest Poker Hall of Fame inductees19 October 2010
LAS VEGAS, Nevada -- Former world poker champion Dan Harrington and eight-time World Series of Poker bracelet winner Erik Seidel will become the newest inductees into the Poker Hall of Fame. The pair, the 39th and 40th members of the Poker Hall of Fame, will be inducted on Nov. 8 as part of the World Series of Poker's Main Event Final Table festivities at the Rio. ... (read more)
Casinos selling for bargains in Nevada, Atlantic City18 October 2010
LAS VEGAS, Nevada -- Let's recap recent headlines. M Resort, which cost $1 billion, was essentially acquired by Penn National Gaming, which picked up the property's $860 million debt load for $230.5 million. MGM Resorts International's 50 percent stake in Atlantic City's Borgata was sold to a yet-to-be-named buyer for just above $250 million -- almost half the figure analysts expected. ... (read more)
Childhood friends finally see slot design on casino floors18 October 2010
LAS VEGAS, Nevada -- As teenagers, Terry Gold and Jeremy Zarowitz would sneak into local convenience stores to play video poker. Fast-forward two decades and the childhood friends now watch as Strip slot machine customers are playing 2nd Chance Royal, the video poker game they designed. Getting the game onto casino floors was a much more formidable challenge than the pair ever dreamed. ... (read more)
Station Casinos to hire 164 workers in Nevada15 October 2010
LAS VEGAS, Nevada -- In its first post-bankruptcy move, Station Casinos will hire 164 workers to staff customer service positions at the company's Las Vegas properties.
Of the jobs, more than 40 are manager-supervisor roles and the majority of the positions are full time.
Station Casinos Chief ... (read more)
MGM hopes to raise over $500 million through stock sale13 October 2010
LAS VEGAS, Nevada -- MGM Resorts International said this morning it hopes to raise almost $517.4 million through a stock offering that was announced yesterday.
In a filing with the Securities and Exchange Commission, the casino operator said it priced the 40.9 million shares it has released to the open market at $12.65 per share on the New York Stock Exchange. ... (read more)
Two gamblers lose combined $115 million in Singapore13 October 2010
SINGAPORE -- Singapore, which opened its first casino in February, has already earned its place in gaming lore. Two gamblers lost a combined $115 million in American dollars during baccarat sessions at the island nation's two casinos, including the Marina Bay Sands, which is operated by Las Vegas Sands Corp. ... (read more)
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