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Howard Stutz Gaming Guru - Page 229Penn won't bid on Fontainebleau project15 January 2010
LAS VEGAS, Nevada -- Penn National Gaming will not submit a bid for next week's planned bankruptcy court auction of the shuttered Fontainebleau project, a company spokesman said Thursday.
The regional casino operator made a lowball offer for the Strip development in November but was outbid a week ... (read more)
Shuffle Master turns fourth quarter profit15 January 2010
LAS VEGAS, Nevada -- Shuffle Master Gaming turned a healthy profit in the fourth quarter, reversing a net loss from a year ago.
Management and analysts Thursday signaled the company could be poised for a healthy rebound in 2010 thanks to gaming expansion in Pennsylvania and other states.
Shuffle ... (read more)
Heartland Poker Tour heads to Vegas14 January 2010
LAS VEGAS, Nevada -- Five years ago, Fargo, N.D., residents Todd Anderson and Greg Lang were lamenting the state of televised poker.
They could tune into ESPN or any number of cable television channels and see well-known professionals like Phil Hellmuth, Johnny Chan and Doyle Brunson playing high ... (read more)
Las Vegas Sands expands Macau ferry service14 January 2010
LAS VEGAS, Nevada -- Las Vegas Sands Corp. will increase the operations of its CotaiJet high-speed ferry service between Hong Kong and Macau.
The company has been awarded a new 10-year license by the Macau Special Administrative Region to add stops at the main Macau Ferry Terminal.
Originally, the ... (read more)
Nevada gaming revenues increase for the first time in 23 months12 January 2010
LAS VEGAS, Nevada -- For the first time in 23 months, Nevada gaming revenues increased with casinos statewide collecting $873.2 million in November, a 4.35 percent climb compared to the same month a year ago.
On the Strip, gaming revenues were also up for the first time in almost two years. ... (read more)
Analyst upbeat on MGM Mirage12 January 2010
LAS VEGAS, Nevada -- One gaming analyst believes MGM Mirage has turned the corner.
In a report to investors this morning, Steven Kent of Goldman Sachs said, "the lion will roar again."
The research note was released before Nevada reported November's 4.35 percent gaming revenue increase.
Kent ... (read more)
Boyd's Keith Smith elected AGA chairman12 January 2010
LAS VEGAS, Nevada -- Boyd Gaming Corp. Chief Executive Officer Keith Smith has been elected chairman of the American Gaming Association, the industry's Washington D.C. based lobbying organization.
Smith joined the association's board in 2007 and has been vice chairman for past year. Bally Technologies ... (read more)
Moody's takes a negative view on Atlantic City11 January 2010
LAS VEGAS, Nevada -- Count Moody's Investors Service among those taking a dim view of Atlantic City in light of Pennsylvania's legalization of table games last week.
Pennsylvania gaming regulators believe the state's slot machine-only casinos could add blackjack, roulette and craps tables within the ... (read more)
Harrah's to pay $100,000 over sports book issues11 January 2010
LAS VEGAS, Nevada -- Harrah's Entertainment will pay $100,000 to settle a complaint filed by Nevada gaming regulators over sports wagering issues at its Harrah's Las Vegas sports book.
The Gaming Control Board said a sports book supervisor rescinded three professional basketball wagers totaling $1,650 from a customer in April 2008. ... (read more)
Shuffle Master could benefit from Pennsylvania decision8 January 2010
LAS VEGAS, Nevada -- For table game supplier Shuffle Master, Pennsylvania's gambling expansion could be the jackpot.
Gov. Ed Rendell signed a bill into law Thursday that will allow the state's slot machine-only casinos to add table games.
Pennsylvania's 14 largest casinos can each add up to 250 table ... (read more)
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