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Howard Stutz Gaming Guru - Page 227Brugnara pleads guilty to filing false tax returns29 January 2010
LAS VEGAS, Nevada -- San Francisco real estate developer and failed Nevada gaming applicant Luke Brugnara, who emerged as a bidder for the bankrupt Fontainebleau this month, has pleaded guilty in federal court to filing false tax returns.
Brugnara, 46, said he was willing to pay $200 million for the Fontainebleau despite having been denied a Nevada gaming license in 2001. ... (read more)
Delaware approves table games for racetrack casinos29 January 2010
DOVER, Delaware -- Delaware's governor didn't waste any time signing into law a bill that allows the state's three racetrack casinos to add table games.
State lawmakers approved the legislation Thursday afternoon and Gov. Jack Markell added his signature that evening.
A spokesman for the ... (read more)
Bally earnings 'relatively flat' in latest quarter28 January 2010
LAS VEGAS, Nevada -- Bally Technologies said Wednesday its second-quarter earnings were relatively flat compared with a year ago.
The Las Vegas-based slot machine maker reported net income of $33.3 million, or 58 cents per share, in the quarter ended Dec. 31, compared with net income of $33.6 ... (read more)
Icahn lands a Las Vegas bargain28 January 2010
LAS VEGAS, Nevada -- Billionaire investor Carl Icahn's path to owning one of his best Las Vegas bargains to date was cleared Wednesday when he was named the winner of the auction for the bankrupt Fontainebleau Las Vegas.
But how long the stalled 3,889-room hotel-casino will sit unfinished on the ... (read more)
Slot company WMS reports 11 percent increase in income27 January 2010
LAS VEGAS, Nevada -- Slot machine manufacturer WMS Industries Tuesday reported a nearly 11 percent increase in net income for the second quarter.
The Illinois-based game maker said its net income for the period that ended Dec. 31 was $26.5 million, or 44 cents per share, up from $23.7 million or 41 ... (read more)
Elaine Wynn could land on Forbes 40027 January 2010
LAS VEGAS, Nevada -- A reporter for Forbes Magazine has surmised that Elaine Wynn's divorce from casino developer Steve Wynn could land her a spot on the next Forbes 400 list.
Elaine and Steve Wynn's split was finalized earlier this month. The pair equally divided their community property ownership of ... (read more)
Bellagio room rates out-pacing Aria26 January 2010
LAS VEGAS, Nevada -- In its first month of operation, room rates for Aria have been priced below those offered at Bellagio, which contradicts the original plans of MGM Mirage to make the CityCenter centerpiece its premium resort.
Susquehanna Financial Group gaming analyst Robert LaFleur, however, found a silver lining for MGM Mirage. ... (read more)
MGM Mirage may exit Atlantic City25 January 2010
LAS VEGAS, Nevada -- MGM Mirage is laying the groundwork for an initial public offering on the Hong Kong Stock Exchange.
The listing could raise up to $1 billion and could hasten the casino operator's exit from the sagging Atlantic City gaming market.
In October, MGM Mirage Chairman and Chief ... (read more)
Vegas resident wins Heartland Poker Tour event25 January 2010
LAS VEGAS, Nevada -- The Heartland Poker Tour brought some 300 Midwesterners to the Red Rock Resort for its first event of the year a week ago, and an unknown 42-year-old player from Las Vegas captured the top prize.
Kimbo Ung won $125,901 in the tour's main event. Originally from Cambodia, Ung ... (read more)
IGT profits rise by 20 percent despite revenue decline22 January 2010
LAS VEGAS, Nevada -- International Game Technology's cost-cutting efforts more than made up for reduced revenues from slower-than-expected first-quarter slot machine sales.
The Reno-based gambling equipment manufacturer saw its profit increase 20 percent in the period that ended Dec. 31, the ... (read more)
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