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Howard Stutz Gaming Guru - Page 22Gaming industry debates whether fantasy sports is gambling or skill gaming13 July 2015
There is a reason Nevada’s gaming industry has avoided getting involved in the estimated $15 billion a year online fantasy sports business. Most believe the growing activity constitutes unregulated gambling. Sports fans pay a fee to enter single-day or seasonlong contests that pay out millions of dollars in cash prizes. ... (read more)
Inaugural Fantasy Sports Combine to take place in Vegas13 July 2015
The growing world of daily fantasy sports takes center stage in Las Vegas next week. The first Fantasy Sports Combine is scheduled for Friday and Saturday at Wynn Las Vegas and Encore Resort. The sessions will include talks by fantasy sports experts, broadcasters and sports personalities, including former National Football League coaches Mike Shanahan and Mike Ditka. ... (read more)
Caesars Interactive levels up with Mitch Garber at the helm13 July 2015
It’s not all about traditional gambling anymore for Mitch Garber. Five years ago, he set out to create Caesars Interactive Entertainment as an Internet wagering giant. The company controlled poker’s best brand — the World Series of Poker — and interest in legalizing online gaming was widespread. ... (read more)
Caesars operating division records $24.9 million in net income in May10 July 2015
Caesars Entertainment Corp.’s bankrupt operating division recorded a net income of $24.9 million during May, according to a securities filing. Caesars Entertainment Operating Co., which filed Chapter 11 bankruptcy in January in Chicago, said in the division had $339.6 million in total revenue during the ... (read more)
Nevada regulators recommend Full House CEO for gaming license9 July 2015
Full House Resorts CEO Dan Lee was recommended for a gaming license by the Gaming Control Board on Wednesday, seven months after he led a takeover of the Las Vegas-based casino company. Full House owns three casinos: Rising Star Casino Resort in Indiana; Silver Slipper Casino in Bay St. Louis, Miss.; and Stockman’s Casino in the Northern Nevada community of Fallon. ... (read more)
Nevada regulators tentatively approve merger of Golden Gaming, Lakes Entertainment9 July 2015
Nevada gaming regulators on Wednesday tentatively approved the $341 million merger of slot machine route giant Golden Gaming with casino operator Lakes Entertainment, turning the family owned business into a publicly traded company. Golden Gaming and Lakes announced the merger in January. The Gaming Control Board unanimously signed off on the deal. ... (read more)
Pinnacle Entertainment considers new proposal from GLPI8 July 2015
Real estate investment trust Gaming and Leisure Properties, Inc. on Tuesday sweetened its 3-month-old proposal to acquire Pinnacle Entertainment’s land holdings Tuesday, offering a higher share price and better stock incentives. Analysts believe it’s a foregone conclusion the merger will take place. ... (read more)
MGM sells Reno properties to Eldorado Resorts8 July 2015
MGM Resorts International sold its Reno casino holdings Tuesday to Eldorado Resorts for $72.5 million, giving the Northern Nevada company ownership of Circus Circus Hotel Casino - Reno and a remaining 50 percent stake in the Silver Legacy Resort Casino. Eldorado Resorts already owned the other half of the Silver Legacy. ... (read more)
Inside Gaming: Greek lottery rules changes cost IGT, Scientific Games millions8 July 2015
At first glance, it appeared the Greece financial crisis had dipped into the country’s lottery network. Instead, the Greek company that operates the nation’s lottery implemented what one analyst called “a hard-nosed negotiation tactic” to extract more favorable contract terms after Greece’s Hellenic Gaming Commission announced new lottery industry regulations. ... (read more)
Las Vegas Sands allows employees to choose community philanthropy projects6 July 2015
Las Vegas Sands Corp. decided its employees should have a say in where the casino operator focuses its community philanthropy. After all, it’s the employees at the properties in Las Vegas, Macau, Singapore and Bethlehem, Pa., who have the best understanding of where the company’s contributions can have the most effect. ... (read more)
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