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Howard Stutz Gaming Guru - Page 239More states betting on gambling19 October 2009
LAS VEGAS, Nevada -- Gaming has found a surprising benefit from the nation's continuing economic recession.
State legislators and governors, facing the daunting reality of fixing multibillion-dollar budget shortfalls, view legalized gaming revenues as a means to shore up their deteriorating tax ... (read more)
Slot giant IGT completes makeover16 October 2009
LAS VEGAS, Nevada -- The appointment of Philip Satre on Thursday as chairman of International Game Technology's board of directors completes a corporate makeover of the slot machine manufacturing giant that began last year.
Satre, 60, who retired in 2005 from Harrah's Entertainment after 25 years with the casino operator, will take over as Reno-based IGT's chairman Dec. ... (read more)
Former MGM CEO Lanni diagnosed with cancer14 October 2009
LAS VEGAS, Nevada -- Former MGM Mirage Chairman and Chief Executive Officer Terry Lanni reportedly has been diagnosed with cancer and will undergo surgery and chemotherapy treatments.
Lanni, 66, who retired from MGM Mirage nearly a year ago, confirmed the diagnosis to Gaming Today, a casino industry publication. ... (read more)
Wynn, Sands shares fall after Macau limits13 October 2009
LAS VEGAS, Nevada -- Shares of Wynn Resorts Ltd. and Las Vegas Sands Corp. fell in trading Monday following a published report that Macau may be exploring changes in its gambling limits.
The Wall Street Journal, reporting from Hong Kong, said Macau government officials met with the city's six casino ... (read more)
Palazzo has sports bets at your fingertips13 October 2009
LAS VEGAS, Nevada -- Kelly Allbright of Atlanta quickly became a fan of In-Running Wagering, a mobile gambling system offered at Lagasse's Stadium sports book inside Palazzo. After a weekend of wagering on college and professional football, Allbright had made so many wagers using the hand-held ... (read more)
Vegas visitor volume dips in August12 October 2009
LAS VEGAS, Nevada -- Las Vegas visitor volume fell 3.7 percent in August, the 15th straight month the number of tourists coming into the region has decreased.
Almost 3.1 million travelers came to Las Vegas during the month, compared with 3.2 million in August 2008, figures released Friday by the Las Vegas Convention and Visitors Authority show. ... (read more)
Wall Street sees hope despite drop9 October 2009
LAS VEGAS, Nevada -- Maybe Monty Python was correct.
Despite August becoming the 20th straight month that Nevada's gaming revenues have declined, Wall Street discovered a few "bright side of life" moments in what has become a steady pattern of continually dismal numbers.
"We are encouraged by the ... (read more)
Nevada gaming revenue declines 9.3 percent8 October 2009
LAS VEGAS, Nevada -- Nevada recorded its 20th straight decline in statewide gaming revenues during August, confirming casino insider predictions of a dismal summer month.
Casinos collected $847 million from gamblers during the month, a 9.3 percent decline compared with $934.1 million won in August 2008, ... (read more)
Penn National makes pitch for Fontainebleau Las Vegas7 October 2009
LAS VEGAS, Nevada -- Penn National Gaming has emerged as the stalking horse bidder for the bankrupt Fontainebleau Las Vegas, but it is offering less than $300 million for the stalled Strip resort, which is valued at almost $3 billion.
Penn spokesman Joe Jaffoni confirmed Tuesday the company ... (read more)
Privé gets 90-day liquor license7 October 2009
LAS VEGAS, Nevada -- County commissioners Tuesday approved a 90-day liquor license for the Privé nightclub at Planet Hollywood Resort while Las Vegas police continue a background investigation of the club's new owners. The investigation could cost the owners $15,000 and 18 months to ... (read more)
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