 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 240CityCenter condo prices cut 30 percent6 October 2009
LAS VEGAS, Nevada -- A much awaited 30 percent price reduction in CityCenter's luxury condominium offerings was announced Monday by developers of the $8.5 billion project.
The move comes as potential buyers of the 2,400 condominium units at three of CityCenter's projects threatened possible lawsuits against developers MGM Mirage and Dubai World. ... (read more)
Analysts see more challenges on Vegas' horizon5 October 2009
LAS VEGAS, Nevada -- Travel to Las Vegas is down 6 percent this year. Wall Street analysts, however, are doing their part to boost visitation figures.
Researchers from several firms have spent time in Las Vegas to see for themselves how far the market has collapsed. They also have participated in ... (read more)
Casino titans see net worth plummet2 October 2009
LAS VEGAS, Nevada -- The economy has crushed the net worth of some of the gaming industry's titans.
No one, however, is crying poor.
The annual Forbes 400 list of the richest Americans for 2009 was released this week and casino luminaries, such as MGM Mirage majority shareholder Kirk Kerkorian and Las Vegas Sands Corp. ... (read more)
Strip gaming stocks soar in September1 October 2009
LAS VEGAS, Nevada -- Strip gaming stocks in September continued a climb out of oblivion that began in August.
Last month, some casino operators and slot machine manufacturers saw their average daily share prices reach levels investors had not seen in more than a year.
Share prices for MGM Mirage and Las Vegas Sands Corp. ... (read more)
Study says schools lack gambling policy30 September 2009
LAS VEGAS, Nevada -- Colleges and universities need to attack campus gambling problems in the same manner they confront the issue of alcohol abuse, a national gambling task force recommended in a study released Tuesday.
Nearly 80 percent of all schools do not have a written policy concerning gambling abuse, according to the Task Force of College Gambling Policies. ... (read more)
Denials by MGM's Kerkorian challenged25 September 2009
LAS VEGAS, Nevada -- A federal judge in Los Angeles believes MGM Mirage majority shareholder Kirk Kerkorian knew a now-convicted Hollywood private eye was illegally wiretapping his ex-wife during their child custody dispute.
However, it doesn't appear that Kerkorian, a 92-year-old Los Angeles billionaire ... (read more)
Analyst sees positive signs in Macau23 September 2009
LAS VEGAS, Nevada -- One Wall Street researcher believes Macau could be the catalyst to spur a prolonged upswing in the share prices of Las Vegas Sands Corp. and MGM Mirage.
JP Morgan gaming analyst Joe Greff said Macau has shown signs of recovering from its economic doldrums of the past 18 months. ... (read more)
Job seekers grateful CityCenter is now hiring22 September 2009
LAS VEGAS, Nevada -- Timothy C. Nyepanh left his job in housekeeping at the MGM Grand in February 2007 and moved to Georgia, where family could care for him after he underwent surgery.
Little did he realize it would take more than two years to land another job in Las Vegas. The recession and ... (read more)
Wynn wants to raise $1.63 billion in Hong Kong21 September 2009
LAS VEGAS, Nevada -- Several news outlets, including Reuters, Bloomberg and the Wall Street Journal, are reporting this morning that Wynn Resorts has upped the size of its planned initial public offering on the Hong Kong Stock Exchange.
The Las Vegas-based casino operator plans to raise $1.63 billion by selling 25 percent of its Macau casino assets, rather than 20 percent as initially planned. ... (read more)
Ground broken on Michigan casino21 September 2009
WAYLAND, Michigan -- A decade after initiating the idea and five years after Las Vegas-based Station Casinos became involved, a Michigan Indian tribe is a step closer to opening a gambling hall some 20 minutes outside the state's second-largest city.
Ground was broken Thursday for the $157 million Gun ... (read more)
< Previous 10 Articles | Next 10 Articles > |