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Howard Stutz Gaming Guru - Page 237Gaming stocks slide in October2 November 2009
LAS VEGAS, Nevada -- Strip gaming stocks regressed in October after two months of double-digit increases in their average daily prices.
Of the seven casino operators and three slot machine manufacturers charted by Las Vegas-based financial consultant Applied Analysis for its Gaming Index, only Pinnacle ... (read more)
Boyd going after Station's assets2 November 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. filed a motion Sunday in Station Casinos' bankruptcy proceedings, asking the court to allow the casino operator to submit a reorganization plan for its financially troubled rival.
According to the motion, Boyd Gaming, which was rejected when it offered to buy a large chunk of Station Casinos in February for $950 million, is asking the U.S. ... (read more)
Two poker players eliminated in "Amazing Race"2 November 2009
AS VEGAS, Nevada -- Poker player Maria Ho and Tiffany Michelle busted out of the reality television series, "The Amazing Race."
On Sunday night's episode, the female poker players were eliminated in sixth place from the 12-team race around the world after they couldn't complete either of two roadblock tasks set up for contestants in The Netherlands. ... (read more)
LV Sands posts bigger loss30 October 2009
LAS VEGAS, Nevada -- Success in Macau and Pennsylvania couldn't save Las Vegas Sands Corp.'s third-quarter earnings.
The casino operator reported a net loss of $123 million in the quarter Thursday, largely due to higher income tax expenses and other accounting measures.
The company, which operates The ... (read more)
Pinnacle hurt by paying off debt30 October 2009
LAS VEGAS, Nevada -- A debt repayment sent Pinnacle Entertainment to a third-quarter net loss, but the Las Vegas-based casino operator grew revenue, primarily through improved results at the company's Louisiana properties.
Pinnacle, a regional casino operator that doesn't own a Las Vegas resort but runs a ... (read more)
Boyd CEO says Station Casinos bid is legitimate28 October 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. has put the brakes on its $4.8 billion Echelon project for at least three to five years. But the casino operator has an idea of how to spend the money it raised for the Strip development: acquire a large chunk of Station Casinos out of bankruptcy.
During a conference ... (read more)
Harrah's reports $1.05 billion loss28 October 2009
LAS VEGAS, Nevada -- The sour economy and a massive impairment charge caused casino giant Harrah's Entertainment to report a net loss of more than $1 billion in the third quarter, the company said Tuesday.
Las Vegas-based Harrah's, which was taken private last year by private-equity firms TPG Inc. ... (read more)
Wynn stock drops 11 percent28 October 2009
LAS VEGAS, Nevada -- Wynn Resorts Ltd. said its net income declined 33 percent in the third quarter, causing the company's stock price to fall 11 percent Tuesday.
But you couldn't tell that from the reaction of company Chairman Steve Wynn.
After opening the $2.3 billion Encore at Wynn Las Vegas last ... (read more)
Station Casinos files for reorganization extension27 October 2009
LAS VEGAS, Nevada -- Station Casinos has asked a federal bankruptcy judge for a four-month delay in proposing a reorganization plan for the company, a move attorneys for the Las Vegas-based casino operator hinted at last month.
In a filing Friday with the U.S. Bankruptcy Court in Reno, Station Casinos asked Judge Gregg Zive to extend a Nov. ... (read more)
Echelon won't restart for 'three to five years'27 October 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. said this morning it doesn't expect to restart construction of the $4.8 billion Echelon project for at least three to five years.
The company suspended construction of the Strip development on the site of the former Stardust more than a year ago.
"We continue to ... (read more)
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