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Howard Stutz Gaming Guru - Page 222Sands Bethlehem rakes in $19.7 million in slot revenue3 March 2010
BETHLEHEM, Pennsylvania -- The Sands Bethlehem, which is operated by Las Vegas Sands Corp., had Pennsylvania's third-highest take in slot machine revenue during February, figures released by state gaming regulators show.
On Monday, Las Vegas Sands said it was planning to restart ... (read more)
Black Gaming LLC files for Chapter 112 March 2010
LAS VEGAS, Nevada -- Mesquite casino operator Black Gaming LLC filed for Chapter 11 bankruptcy late Monday, a move the company foretold to investors just before Christmas.
The filing with the U.S. Bankruptcy Court in Las Vegas, where Black Gaming is headquartered, will allow the company to continue operations under current management. ... (read more)
Boyd Gaming narrows fourth quarter loss2 March 2010
LAS VEGAS, Nevada -- Boyd Gaming Corp. substantially narrowed its fourth quarter net loss from a year ago, the company announced this morning.
For the quarter that ended Dec. 31, Boyd Gaming said its net loss was $1 million, or 1 cent a share. The figures compared to a net loss of $220.8 ... (read more)
Wynn deal could doom Atlantic City1 March 2010
ATLANTIC CITY, New Jersey -- Steve Wynn single-handedly saved struggling Atlantic City in the 1980s. He opened the Golden Nugget, considered at the time to be the Boardwalk's most opulent hotel-casino.
On Tuesday, Wynn saved gaming in Philadelphia. He took control of a sinking casino project on the ... (read more)
MGM Mirage gets extension on debt payment1 March 2010
LAS VEGAS, Nevada -- MGM Mirage said Friday its lenders have given the casino operator three additional years to pay back about $4.37 billion of a $5.5 billion credit line that was due next year.
The extension was sought by MGM Mirage in an effort to improve the company's balance sheet as it ... (read more)
Gaming stocks drop in February1 March 2010
LAS VEGAS, Nevada -- February wasn't the gaming sector's finest month.
Investor concerns surrounding Las Vegas sent the average daily stock prices of seven publicly traded casino operators and slot machine manufacturers all down during the month.
Las Vegas-based advisory firm Applied ... (read more)
Sands denies sale of Pennsylvania resort1 March 2010
LAS VEGAS, Nevada -- Las Vegas Sands Corp. refuted a Pennsylvania media report that it is selling its casino at the site of the former Bethlehem Steel Mill by announcing Monday it would restart construction of a stalled 300-room hotel tower at the location in a matter of weeks.
The 9-month-old ... (read more)
Macau helps lessen Wynn loss26 February 2010
LAS VEGAS, Nevada -- Casino developer Steve Wynn summed up the current status of Wynn Resorts Ltd. in a few sentences in the company's hourlong fourth-quarter earnings conference call Thursday.
"We're more of a Chinese company than American company today as we're having this call," Wynn said. ... (read more)
Hawaii won't be a gambling hotspot26 February 2010
HONOLULU, Hawaii -- So much for Hawaii becoming the next gambling hotspot.
State lawmakers killed a bill on Wednesday that would have allowed casinos along Waikiki Beach. The fact that a public hearing was held on the bill was victory in some ways for casino proponents.
Hawaii and ... (read more)
Analyst worried Nevada budget fixes will hurt casinos25 February 2010
LAS VEGAS, Nevada -- Wall Street is watching how the events unfold during this week's special session of the Nevada Legislature.
Mainly, analysts are concerned how the gaming industry will be impacted as lawmakers work to fix a nearly $900 million state budget deficit.
Deutsche Bank ... (read more)
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