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Howard Stutz Gaming Guru - Page 244LV Sands amends loan agreement14 August 2009
LAS VEGAS, Nevada –- Las Vegas Sands Corp. amended a portion of its loan agreement that covers the company's Macau casino operations Thursday.
The amendment to the company's $3.3 billion Macau credit facility boosted the interest rate, but gives Las Vegas Sands 18 months of covenant relief and the ability ... (read more)
Lucky's will post betting lines on the UFL13 August 2009
LAS VEGAS, Nevada –- At least one sports book operator said he will post lines on the fledgling United Football League when play begins Oct. 8.
Joe Asher, president of Brandywine Bookmaking, which operates 11 sports books under the Lucky's brand in Nevada, said a betting line will be available when the ... (read more)
Nevada gaming revenue at 2004 level12 August 2009
LAS VEGAS, Nevada –- Nevada's monthly gaming revenues have sunk to levels not seen since 2004.
And analysts said there's no telling how low the bar will fall.
"We're still hearing from the casino operators that weekends are doing well, but filling rooms during the middle of the week is an issue," Frank ... (read more)
Nevada gaming revenues fall 13.8 percent11 August 2009
LAS VEGAS, Nevada –- Nevada gaming revenues sunk in June to their lowest single month total in almost five years.
State casinos collected $818.2 million from customers during the month, a 13.8 percent decline compared with $949.3 million collected in the same month a year ago according to figures released ... (read more)
Brandywine Bookmaking to run Delaware operations10 August 2009
LAS VEGAS, Nevada –- One Nevada gaming company will benefit from Delaware's move into legalized sports wagering.
Brandywine Bookmaking, which owns Lucky's race and sports books, will run the operations at three racetrack casinos in Delaware.
Sports betting will be confined to racetracks, which also ... (read more)
More details emerge in LV Sands settlement10 August 2009
LAS VEGAS, Nevada –- The Review-Journal reported Aug. 1 that Las Vegas Sands Corp. agreed to pay three men $42.5 million to settle a lawsuit in June.
In the casino operator's quarterly submission to the Securities and Exchange Commission that was filed Friday, more detail was revealed.
Clive Basset ... (read more)
CityCenter highlights sustainable activities10 August 2009
LAS VEGAS, Nevada –- MGM Mirage is highlighting the sustainability aspects of its $8.5 billion CityCenter development, scheduled to open in December.
The casino operator, which owns CityCenter in conjunction with Dubai World, the investment arm of the Persian Gulf emirate, believes the 18 ... (read more)
Ameristar profits fall 16 percent6 August 2009
LAS VEGAS, Nevada –- Ameristar Casinos strengthened its balance sheet in the past few months, but budget-conscious customers didn't spend as much on gambling and other activities during the second quarter.
Las Vegas-based Ameristar, which operates casinos in regional markets, said its profit for the quarter ended June 30 dropped 16 percent compared with a year ago. ... (read more)
Lawsuits say IGT made false claims6 August 2009
LAS VEGAS, Nevada –- Four lawsuits seeking class action status have been filed against slot machine giant International Game Technology, alleging that executives from the Reno-based gaming equipment maker put out false statements about the company's financial prospects as its stock price tumbled in ... (read more)
Prive nightclub hearing delayed5 August 2009
LAS VEGAS, Nevada –- A hearing on an appeal of Clark County's decision to pull the liquor licenses for two Strip nightclubs was delayed Tuesday for at least two weeks.
Jay Brown, an attorney for Privé and the Living Room, which operated at Planet Hollywood Resort and closed when their liquor ... (read more)
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