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Howard Stutz Gaming Guru - Page 223Wynn Resorts to operate Philadelphia casino24 February 2010
PHILADELPHIA, Pennsylvania -- Wynn Resorts Ltd. announced a deal Tuesday to operate a planned casino in Philadelphia.
The company reached an agreement with Philadelphia Entertainment and Development Partners in which Wynn will become the manager and managing general partner in a casino ... (read more)
Sands to open part of Singapore resort in April24 February 2010
LAS VEGAS, Nevada -- Las Vegas Sands Corp. said Tuesday it will open a portion of the $5.5 billion Marina Bay Sands in Singapore on April 27.
The project's nearly 3-acre SkyPark, which sits atop the hotel-casino's three 55-story hotel towers, will open June 23 as part of the overall grand ... (read more)
Casino MonteLago workers feeling fleeced24 February 2010
LAS VEGAS, Nevada -- Owners of the soon-to-close Casino MonteLago are using an exception under federal law to slice in half the amount of pay owed their 177 workers.
The only gaming location at the bankrupt Lake Las Vegas resort shuts down in three weeks.
Under the U.S. Department of ... (read more)
LV Sands moves to add table games at Pennsylvania casino22 February 2010
LAS VEGAS, Nevada -- Las Vegas Sands Corp. filed a formal application with Pennsylvania gaming regulators to add 80 table games to its casino in Bethlehem, Pa., by early summer.
Pennsylvania lawmakers, with the support of the governor, changed state gaming laws to allow the state's slot machine-only casinos to add table games in exchange for a tax on revenues. ... (read more)
Las Vegas Strip benefits on baccarat22 February 2010
LAS VEGAS, Nevada -- The two-week-long Chinese New Year celebration is in full swing on the Strip.
But to casino operators, a five-month stretch at the end of last year seemed like a giant baccarat game.
In 2009, statewide and Strip gaming revenues took their largest single-year tumble since ... (read more)
Icahn officially the unfinished Fontainebleau's owner22 February 2010
LAS VEGAS, Nevada -- The Fontainebleau is no longer bankrupt.
Billionaire corporate raider Carl Icahn completed a $150 million purchase of the unfinished Strip development late Thursday. Icahn, through New York-based Icahn Enterprises, paid $106 million for the 3,889-room project and $45 ... (read more)
Future of gaming analysts uncertain22 February 2010
LAS VEGAS, Nevada -- The sudden replacement of Susquehanna Financial Group's lead gaming analyst caused a buzz along Wall Street.
Was Robert LaFleur bounced because he was overly critical of MGM Mirage?
Did Rachael Rothman of Wedbush Morgan replace him because she offered Susquehanna ... (read more)
Murren has job creation ideas for Obama19 February 2010
LAS VEGAS, Nevada -- MGM Mirage Chairman and Chief Executive Officer Jim Murren hopes to have a few minutes to "chitchat" on Friday with President Barack Obama.
If he gets the opportunity, Murren said he would like to discuss ideas for creating jobs with the president.
After all, MGM ... (read more)
Nevada's biggest casinos lose $6.8 billion19 February 2010
LAS VEGAS, Nevada -- Nevada's highest-grossing casinos generated a net loss of almost $6.8 billion in fiscal year 2009, victims of declining gaming revenues, reductions in hotel rates and reduced consumer spending.
The Gaming Control Board, which released the Gaming Abstract Income statement ... (read more)
Cost cuts narrow MGM Mirage loss19 February 2010
LAS VEGAS, Nevada -- CityCenter's much-anticipated opening in December gave MGM Mirage an end-of-the-year lift, but the $8.5 billion Strip development is still a work in progress.
MGM Mirage said Thursday the company narrowed a fourth-quarter net loss from a year ago thanks to cost-cutting ... (read more)
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