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Howard Stutz Gaming Guru - Page 236Boyd accused of trying to control Station case13 November 2009
LAS VEGAS, Nevada -- Station Casinos has accused Boyd Gaming Corp. of "attempting to improperly manipulate the bankruptcy process" in an effort to "pick off and dismantle its chief competitor's assets."
In a filing Thursday with the U.S. Bankruptcy Court in Reno, Station Casinos said Boyd Gaming does not ... (read more)
LV Sands to restart Macau projects12 November 2009
LAS VEGAS, Nevada -- Las Vegas Sands Corp., plans to restart the company's stalled hotel-casino projects on Macau's Cotai Strip, according to published reports.
The company, which operates The Venetian and Palazzo, halted its Cotai Strip developments a year ago when financing dried up and the company was ... (read more)
Pinnacle CEO Dan Lee resigns from company10 November 2009
LAS VEGAS, Nevada -- Pinnacle Entertainment Chairman and Chief Executive Officer resigned his positions with the Las Vegas-based casino operator, the company announced this morning.
The moves comes a week after Missouri gaming officials said they were investigating Lee's actions at a zoning meeting by the St. ... (read more)
Galaxy Gaming raises $600,000 through private placement9 November 2009
LAS VEGAS, Nevada -- Las Vegas-based table game vendor Galaxy Gaming, which is traded on the over-the-counter bulletin board, hoped to raise $400,000 through a private placement.
The company told Wall Street this week it raised $600,000.
"As evidenced by the over-subscription of our recent offering, ... (read more)
MGM Mirage reports $750.4 million quarterly loss6 November 2009
LAS VEGAS, Nevada -- For the moment, forget about MGM Mirage's $750.4 million quarterly net loss, $1.17 billion in noncash impairment charges and a revenue decline of 9 percent.
To the Strip casino giant and its investors, the company's third-quarter earnings announcement Thursday was all about ... (read more)
Wynn withdraws from Aqueduct bidding5 November 2009
LAS VEGAS, Nevada -- Wynn Resorts Ltd. has pulled out of the bidding process to operate a potentially lucrative casino at the historic Aqueduct Racetrack in New York City.
The surprise move Wednesday left five bidders competing for the right to operate 4,500 slot machine-like video lottery terminals at ... (read more)
Vote paves way for Vegas-style casinos in Ohio5 November 2009
LAS VEGAS, Nevada -- Ohio voters Tuesday said they want to see four Las Vegas-style casinos built in the Buckeye State, but residents are still a long way from the first slot machine pull.
Investors in Penn National Gaming and Nevada's slot machines makers, however, are already stacking their ... (read more)
Ohio voters approve casino issue4 November 2009
LAS VEGAS, Nevada -- Ohio voters reversed their two-decade old opposition to gambling and voted Tuesday to support casinos.
Issue 3, which would allow one Las Vegas-style casino to be built in each of Ohio's four largest cities, passed with 53 percent of the vote.
The vote was a victory for Penn National Gaming and Dan Gilbert, owner of the NBA's Cleveland Cavaliers. ... (read more)
CityCenter licensing gets own hearings4 November 2009
LAS VEGAS, Nevada -- The casino licensing for CityCenter has warranted its own separate hearing from Nevada gaming regulators.
The Gaming Control Board tentatively plans to discuss the $8.5 billion project, which is a 50-50 joint venture between MGM Mirage and Dubai World, the investment arm of the Persian Gulf emirate, on Nov. ... (read more)
Russell Simmons joins Penn for Aqueduct bid3 November 2009
LAS VEGAS, Nevada -- Hip-Hop mogul Russell Simmons has joined Penn National Gaming's bid to operate a casino at the historic Aqueduct Race Track in New York City.
Penn National, one of six casino operators bidding for the license to operate 4,500 slot machine-like video lottery terminals at ... (read more)
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