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Howard Stutz Gaming Guru - Page 241Caesars dealers march on Strip18 September 2009
LAS VEGAS, Nevada -- It's been roughly 21 months since dealers at Caesars Palace overwhelmingly voted in favor of union representation.
But the dealers and Caesars' parent Harrah's Entertainment have been unable to reach a contract agreement.
Dealers and other members of the Transport Workers Union ... (read more)
Analysts say Penn deal for Fontainebleau 'unlikely'18 September 2009
LAS VEGAS, Nevada -- Analysts were quick to shoot down a Wall Street Journal report this morning that Penn National Gaming was close to buying the bankrupt Fontainebleau project, which shut down construction earlier this year.
While Penn National has openly said it was seeking to acquire a ... (read more)
Wynn a longshot for Aqueduct casino15 September 2009
LAS VEGAS, Nevada -- A New York business publication handicapped the bidding for a potentially lucrative casino complex at New York's historic Aqueduct Race Track that has attracted interest by several of the top casino operators.
A proposal by Las Vegas-based Wynn Resorts Ltd., was made the ... (read more)
Chicago native creates new bets for old casino standbys15 September 2009
LAS VEGAS, Nevada -- Frank Mugnolo isn't one of those table-game inventors trying to come up with the next Let It Ride or Caribbean Stud. The number of successful nontraditional table games can be counted on one hand.
Mugnolo, a certified public accountant from Chicago, sticks with the basics. He's made a ... (read more)
Analyst not impressed by MGM Mirage14 September 2009
LAS VEGAS, Nevada -- It doesn't appear the Leadership in Energy and Environment Design (LEED) certifications the company is announcing today for the $8.5 billion CityCenter development will impress Susquehanna gaming analyst Robert LaFleur.
In fact, LaFleur doesn't have much of a belief in MGM Mirage right now. ... (read more)
Vegas visitor count slips 1.3 percent in July11 September 2009
LAS VEGAS, Nevada -- July recorded the smallest year-over-year decline for Las Vegas visitor volume in 2009.
But it was still a drop -- the 14th straight monthly decline and the 17th time in the past 19 months that a smaller number of tourists have made a trip to Southern Nevada than in the same month a ... (read more)
Detroit MGM and Beau Rivage not for sale11 September 2009
LAS VEGAS, Nevada -- In April, MGM Mirage hired Wall Street investment house Morgan Stanley to evaluate sales offers the company had received for MGM Grand Detroit and the Beau Rivage in Biloxi, Miss.
At the time the company was busy restructuring both its corporate finances and the $8.5 billion ... (read more)
Nevada gaming revenue falls for 19th straight month10 September 2009
LAS VEGAS, Nevada -- Gaming revenues in July nose-dived for the 19th straight month in Nevada.
Casinos statewide reported gaming revenues of $872.7 million during the month, a 12.5 percent increase compared with $997 million reported in July 2008. The Gaming Control Board released the figures this morning.
... (read more)
Shuffle Master sees big profit jump10 September 2009
LAS VEGAS, Nevada -- Table game provider Shuffle Master, saying it was able reduce expenses during the challenging economy, saw its profit jump 87 percent in the third quarter.
The Las Vegas-based company said Wednesday it had a net income of $5.6 million, or 10 cents per share, in the quarter ended July ... (read more)
Chinese company to finance AC casino10 September 2009
ATLANTIC CITY, New Jersey -- Maybe there is some hope for Atlantic City.
Trade publication Global Gaming Business reported on its website last night that the stalled Revel Entertainment hotel-casino in Atlantic City reached an agreement to provide the balance of the money needed to complete the ... (read more)
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