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Howard Stutz Gaming Guru - Page 224Las Vegas Sands narrows fourth-quarter loss18 February 2010
LAS VEGAS, Nevada -- Las Vegas Sands Corp., thanks to booming results from its Macau casinos, said Wednesday that the company narrowed its fourth-quarter net loss from a year ago.
The company's earnings in the three-month period ended Dec. 31 were hurt by what it termed "a disappointing ... (read more)
Casino MonteLago to close in March17 February 2010
LAS VEGAS, Nevada -- Casino MonteLago, the only gaming location inside the upscale but bankrupt Lake Las Vegas, will close next month, burdened by a lack of visitation and the impending shutdown of the Ritz-Carlton Lake Las Vegas in May.
The closure, which will take place March 14, will eliminate ... (read more)
Hawaii casino proposal still an uphill battle16 February 2010
HONOLULU, Hawaii -- Proposals allowing casinos inside hotels along Honolulu's Waikiki Beach have met the same fate for 40 years -- rejection.
So what's different about a bill being discussed in the Hawaii Legislature that would allow casino gambling on the islands?
Simple, the battered ... (read more)
Penn National approved for Kansas casino15 February 2010
LAS VEGAS, Nevada -- A joint venture casino project between Penn National Gaming and the owners of the Kansas Speedway was given final approval last week by the Kansas Racing and Gaming Commission.
The move will allow construction to begin later this year on a Hollywood-themed casino overlooking Turn 2 at the Kansas Speedway, which is located outside Kansas City in Wyandotte County. ... (read more)
All news is bad news for Atlantic City15 February 2010
ATLANTIC CITY, New Jersey -- Atlantic City gaming revenues fell 8.5 percent in January to $294.2 million, the New Jersey city's 17th straight monthly decline.
That was the good news.
In the past five weeks, Atlantic City's 11 casinos saw new competition emerge (table games in Pennsylvania and ... (read more)
Station-Boyd rivalry heading to Midwest15 February 2010
LAS VEGAS, Nevada -- Boyd Gaming Corp. and Station Casinos have been competing for decades over each other's slice of the Las Vegas locals market.
That competition may expand into the Midwest.
Station Casinos is working the Gun Lake Tribe of the Potawatomi Indians to build and operate a ... (read more)
Vegas readies for Chinese New Year celebrations15 February 2010
LAS VEGAS, Nevada -- At Bellagio and other Strip resorts, preparation for the potentially lucrative two-week Chinese New Year celebration is a yearlong event.
"We might take a week off when it's all over," said Greg Shulman, vice president of international marketing for Bellagio. "But then we'll ... (read more)
Strip high-rise market might be improving15 February 2010
LAS VEGAS, Nevada -- Wall Street analysts and Las Vegas real estate professionals say a slight thawing in the frozen Strip high-rise residential market might be taking place.
A very slight thawing.
We're not talking global warming, folks.
A comprehensive report by a Las Vegas-based ... (read more)
Nevada gaming revenues fall by biggest percentage ever12 February 2010
LAS VEGAS, Nevada -- It could have been a whole lot worse.
Gaming revenues in Nevada fell 10.4 percent in 2009, the largest single-year decline in state history.
Casinos statewide collected $10.392 billion from gamblers last year, the lowest one-year total since 2003 when gaming revenues ... (read more)
IGT closing down Japan operations11 February 2010
LAS VEGAS, Nevada -- Slot machine giant International Game Technology said Thursday it will close its operations in Japan later this year.
In a brief statement, the Reno-based company said the closure would include severance charges of about $20 million. IGT said the decision was made because of ... (read more)
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