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Howard Stutz Gaming Guru - Page 202Budget raised for Louisiana casino29 September 2010
BATON ROUGE, Louisiana -- Regional casino operator Pinnacle Entertainment, which scaled back development plans in several markets, upped the ante in Baton Rouge, La. The Las Vegas-based company announced late Monday it increased the construction budget for a riverboat gaming development in Baton Rouge by more than $100 million. ... (read more)
Vdara visitor says "death ray" scorched hair29 September 2010
LAS VEGAS, Nevada -- The tall, sleek, curving Vdara Hotel at CityCenter on the Strip is a thing of beauty. But the south-facing tower is also a collector and bouncer of sun rays, which -- if you're at the hotel's swimming pool at the wrong time of day and season -- can singe your hair and melt your plastic drink cups and shopping bags. ... (read more)
Pinnacle to learn Missouri fate by end of year29 September 2010
ST. LOUIS, Missouri -- By the end of the year, Pinnacle Entertainment will know whether its decision to abandon a third gaming license in Missouri was a smart wager or a bad beat on the river card.
The Las Vegas-based regional casino operator folded its permit for the President in downtown St. Louis in June when it closed the aging riverboat. ... (read more)
Analysts see tough times for slot makers28 September 2010
LAS VEGAS, Nevada -- It's becoming vogue for Wall Street to have a negative view about slot machine manufacturers' financial prospects.
In the past few weeks, analysts from three investment firms offered research reports to investors that discussed the gaming equipment sector. All contained less than glowing recommendations. ... (read more)
Elaine Wynn lands spot of Forbes list27 September 2010
LAS VEGAS, Nevada -- Divorce was profitable for Elaine Wynn.
The ex-wife of Wynn Resorts Ltd. Chairman Steve Wynn landed a spot on the Forbes 400 List of Wealthiest Americans, due in large part to the monetary settlement that ended her marriage earlier this year.
Elaine Wynn is one of eight Nevadans listed on the annual ranking. ... (read more)
MGM Resorts moves towards Hong Kong IPO27 September 2010
LAS VEGAS, Nevada -- MGM Resorts International took its first steps toward an initial public offering on the Hong Kong Stock Exchange by filing a proposed listing application this morning.
In a filing with the U.S. Securities and Exchange Commission, MGM Resorts said that MGM China Holdings Ltd., a ... (read more)
Hard Rock chain owner says "Rehab" hurts image24 September 2010
LAS VEGAS, Nevada -- Are pool parties at the Hard Rock Hotel free publicity for the Hard Rock name? Or an example of "drunken debauchery" and excess that casts the Hard Rock name in a negative light? Owners of the Orlando-based Hard Rock Cafe restaurant chain have sued owners of the Hard Rock Hotel and ... (read more)
Penn National buys 50 percent stake in Texas racetrack operation24 September 2010
HOUSTON, Texas -- Penn National Gaming announced Wednesday it was forming a joint venture partnership with Texas racetrack operator Sam Houston Park which will give the regional casino operator 50 percent interest in two tracks and a planned track. Financial terms were not disclosed but Wall Street viewed ... (read more)
Landry's might make move into Atlantic City24 September 2010
ATLANTIC CITY, New Jersey -- The Golden Nugget name could return to Atlantic City's Boardwalk. Landry's Restaurants, which owns the downtown Las Vegas and Laughlin casinos, is reportedly trying to acquire the Atlantic City Hilton Casino Resort, which may be taken over by a bank that holds its mortgage. ... (read more)
IGT chosen to replace Quebec video lottery terminals24 September 2010
QUEBEC, Canada -- A Canadian province has awarded Reno-based International Game Technology a contract to replace at least half of the government-run video lottery terminals in an agreement analysts touted as one of the largest gambling equipment deals available this year.
IGT will share the replacement ... (read more)
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