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Howard Stutz Gaming Guru - Page 204Nevada gaming revenues drop 4.9 percent10 September 2010
LAS VEGAS, Nevada -- Nevada gaming revenues fell 4.9 percent in July, the state's fifth consecutive monthly decline in the money casinos collected from gamblers.
On the Strip, casino gaming revenues in July all but matched the figure collected in the same month a year ago.
The State Gaming Control ... (read more)
Shuffle Master's third-quarter earnings up 14 percent10 September 2010
LAS VEGAS, Nevada -- The addition of table games to casinos in Delaware, Pennsylvania and the opening of gambling in Singapore, lifted Shuffle Master's third-quarter earnings.
The Las Vegas-based gambling equipment provider said Wednesday its net income was $5.8 million, or 11 cents per share, in the ... (read more)
Golden Gaming OKs deal to manage four casinos10 September 2010
LAS VEGAS, Nevada -- Golden Gaming Group's slot machine route operation division has signed an agreement to manage four casinos for the Siegel Group, including the Gold Spike downtown.
The change from United Coin Machine to Golden Gaming signals a more aggressive approach to casino operations, said Siegel Group founder Stephen Siegel. ... (read more)
Ellis to sell Trump Marina in Atlantic City10 September 2010
ATLANTIC CITY, New Jersey -- CB Richard Ellis' Global Gaming Group of Las Vegas has been brought in by Trump Entertainment Resorts to sell the Trump Marina in Atlantic City. The casino operator recently emerged from bankruptcy and is controlled by a group of bondholders led by Avenue Capital. Trump ... (read more)
Harrah's ends bid for Kansas casino10 September 2010
MULVANE, Kansas -- Harrah's Entertainment has pulled the plug on its latest effort to operate a casino in Kansas.
The Las Vegas-based company told state authorities Wednesday it was dropping efforts to build a casino in Sumner County in the city of Mulvane, which is south of Wichita.
"After careful ... (read more)
Sands confident it can hold onto Macau sites10 September 2010
LAS VEGAS, Nevada -- Las Vegas Sands Corp. doesn't believe a rival Macau casino operator will be able to wrest control of two of the company's development sites on the region's Cotai Strip where it has already invested more than $102 million.
Macau casino operator SJM Holdings asked the Special Administrative Region's government for permission to take over Cotai Strip sites 7 and 8. ... (read more)
Stanley Ho still king in Macau7 September 2010
MACAU -- Macau gaming tycoon Stanley Ho is not licensable in Nevada.
The 88-year-old billionaire owns casinos that international law enforcement authorities have said are havens for Chinese organized crime triads. Ho might not even be able to get past the front doors of the Gaming Control Board offices. ... (read more)
Casino operators try to beat the burden7 September 2010
LAS VEGAS, Nevada -- With the bankruptcy reorganizations of Station Casinos and Herbst Gaming winding down, analysts and industry observers have turned their focus toward other casino operators.
Speculation abounds on whether companies will follow Station and Herbst into filing ... (read more)
Sands attorney says businessman did "nothing" in Macau3 September 2010
CARSON CITY, Nevada -- An attorney representing Las Vegas Sands Corp. told the Nevada Supreme Court on Thursday that a Hong Kong businessman "did virtually nothing" to help the casino operator win a lucrative gaming license in Macau.
In seeking to overturn the 2-year-old nearly $60 million landmark ... (read more)
Isle of Capri Casinos looks to re-enter Nevada3 September 2010
LAS VEGAS, Nevada -- Regional gaming operator Isle of Capri Casinos took an initial step toward re-entering the Nevada market Wednesday, but executives from the St. Louis-based company weren't forced to pass a state geography quiz.
The Gaming Control Board recommended gaming license approval for Isle of Capri, which is purchasing one-tenth of 1 percent in a tiny Fernley casino. ... (read more)
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