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Howard Stutz Gaming Guru - Page 233Wynn CFO appointed to Nevada Economic Forum9 December 2009
LAS VEGAS, Nevada -- Wynn Resorts Chief Financial Officer Matt Maddox has been appointed to the Nevada Economic Forum by Gov. Jim Gibbons.
Maddox has worked for Wynn Resorts since 2002 in both Las Vegas and Macau. Prior to Wynn Resorts, Maddox worked for Bank of America and Caesars Entertainment.
The ... (read more)
MGM banking on CityCenter high-rises8 December 2009
AS VEGAS, Nevada -- CityCenter residential officials believe last week's opening of the $8.5 billion project, coupled with a 30 percent price reduction implemented in October, will be enough of a catalyst to spur sales in the project's remaining high-rise condominiums.
It may have already begun.
Last ... (read more)
Wall Street optimistic about slot makers8 December 2009
LAS VEGAS, Nevada -- Wall Street analysts came away from the last month's Global Gaming Expo with an optimistic view of Nevada's slot machine industry.
Whether or not that buoyant attitude translates into sales and increased revenues for the gaming equipment manufacturing sector is up for ... (read more)
"Poker Face" part of Palms advertising campaign8 December 2009
LAS VEGAS, Nevada -- The hit single, "Poker Face" by pop star Lady Gaga, will be featured in new advertising campaign for the Palms Casinos.
The Palms signed an agreement, which allows the casino exclusive rights to use the song for a television commercial that will also be shown online. The ... (read more)
Jim Murren kept CityCenter on track8 December 2009
LAS VEGAS, Nevada -- The thing that seems out of place with Jim Murren is the backpack.
Murren, 48, spent 14 years as a Wall Street analyst and 11 years with casino giant MGM Mirage. For 10 years he held positions as the company's president, chief financial officer and chief operating officer, sometimes ... (read more)
Penn National has no interest in Pinnacle7 December 2009
LAS VEGAS, Nevada -- A gaming analyst believes it makes sense for financially flush Penn National Gaming to acquire rival regional casino operator Pinnacle Entertainment, a company in transition and being run by members of its board of directors following its chief executive's resignation a month ago.
One ... (read more)
Mandarin Oriental brings unique amenities4 December 2009
LAS VEGAS, Nevada -- Size isn't everything.
In any other city, a 392-room hotel would constitute a large resort.
Not Las Vegas.
On the Strip, the Mandarin Oriental is billing itself as a true boutique nongaming hotel that just happens to sit at the entrance to the 67-acre CityCenter campus and is ... (read more)
Slot-maker IGT promotes two employees4 December 2009
LAS VEGAS, Nevada -- Slot machine giant International Game Technology has beefed up its corporate staff by promoting two employees to new positions.
Robert Melendres has been named the Reno-based company's chief legal officer and corporate secretary. Meanwhile, Craig Billings has been appointed chief of staff and head of corporate development.
... (read more)
Gaming officials keep eye on Dubai2 December 2009
LAS VEGAS, Nevada -- State gaming regulators, who licensed Dubai World last month to share in revenue from the soon-to-open Aria's casino, are closely watching the financial maneuvers of the Persian Gulf emirate's investment arm as it deals with a potential default of some $60 billion in debt.
If there is ... (read more)
Gaming industry passings noted2 December 2009
LAS VEGAS, Nevada -- The passing of three individuals who contributed tremendously to the gaming industry since the 1970s needs to be noted.
Bill Velardo, 55, who started his gaming career in 1976 as a blackjack dealer at Caesar's Palace, died on Nov. 23.
Velardo served as vice president of table games ... (read more)
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