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Howard Stutz Gaming Guru - Page 242Casino attire creator Julius dies at 749 September 2009
LAS VEGAS, Nevada -- At one time, Jean Julius outfitted most of the uniformed employees on the Strip through her enterprise, The Dealers Room on Maryland Parkway.
Corporate ownership took over the casino industry in the 1990s, but the large uniform providers who serviced the casinos still contracted with ... (read more)
Penny slots paying out big in Nevada8 September 2009
LAS VEGAS, Nevada -- At the end of fiscal year 2000, there were 540 penny slot machines in Nevada casinos.
As of last week, M Resort had nearly double that number of penny games on its casino floor.
And that's just one property.
Penny slot machines are no longer an oddity. The games have become the ... (read more)
LV Sands completes $600 million transaction8 September 2009
LAS VEGAS, Nevada -- Las Vegas Sands Corp. said this morning it completed a $600 million financing transaction, a preliminary step toward an initial public offering of shares on the Hong Kong Stock Exchange.
The IPO, which will be backed by the company's casinos in Macau, will allow Las Vegas Sands to ... (read more)
Vegas rolls out Labor Day deals4 September 2009
LAS VEGAS, Nevada -- Las Vegas resort operators aren't expecting Labor Day weekend to be the tourism market's savior.
They'll be satisfied if business associated with the traditional four-day, end-of-the-summer holiday mirrors the weekend business climate the casino industry has experienced in recent ... (read more)
LV Sands secures $600 million in financing2 September 2009
LAS VEGAS, Nevada -- Las Vegas Sands Corp. took another step toward restarting its stalled projects on Macau's Cotai Strip.
The company announced this morning it had secured commitments for up to $600 million of cash through the sale of exchangeable bonds. The bonds must be exchanged into common stock of ... (read more)
Gaming stocks rise in August1 September 2009
LAS VEGAS, Nevada –- Gaming stocks took an upward spin in August, and the trend had nothing to do with revenues or results.
Investors agreed that casino operators and slot machine makers had taken proper steps to control costs in light of the challenging economy.
Publicly traded gaming companies ... (read more)
Gaming sector latest target of shareholder lawsuits31 August 2009
LAS VEGAS, Nevada –- Casino industry stockholders who collectively lost millions of dollars in investments when Wall Street tanked over the last 18 months are asking the courts to remedy their losses.
Federal class action lawsuits have been filed in recent weeks against slot machine manufacturer ... (read more)
Aqueduct bidding fast and furious31 August 2009
QUEENS, New York –- The bidding for a casino at New York's Aqueduct racetrack has turned into an old-fashioned Wild West shootout.
The stakes are high for gaming's biggest players.
In an industry that has seen few expansion opportunities in the past 18 months sits the historic Aqueduct racetrack in Queens, less than 15 miles from Manhattan. ... (read more)
Wall Street bullish on slots machines26 August 2009
LAS VEGAS, Nevada –- Two gaming analysts have given slot machine makers a reason to smile. Both told investors that prospects for equipment manufacturers are high going into the next few years.
Potentially, 70,000 new slot machines could find their way into Ohio, Illinois, Kansas, Maryland, and Pennsylvania. ... (read more)
Anaylst believes Pinnacle should build Louisiana resort26 August 2009
LAS VEGAS, Nevada –- Macquarie Securities gaming analyst Joel Simkins believes Pinnacle Entertainment should move forward with a planned gaming development in Lake Charles, La.
Las Vegas-based Pinnacle already operates L'Auberge du Lac in Lake Charles and has proposed the $407 million ... (read more)
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