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Howard Stutz Gaming Guru - Page 247Banks say Fontainebleau faces huge liabilities13 July 2009
LAS VEGAS, Nevada -- The $656 million that Fontainebleau Las Vegas wants a group of banks to release won't be anywhere near enough to complete the project, the banks argue in motions filed with the bankruptcy court in Florida.
The banks, which are being sued by Fontainebleau Las Vegas for ... (read more)
Planet Hollywood fined for Prive nightclub's actions13 July 2009
LAS VEGAS, Nevada -- Planet Hollywood has agreed to pay a $750,000 fine to Nevada gaming regulators, admitting that resort officials were lax in policing illegal activity inside the Privé nightclub.
The Gaming Control Board has told the resort industry that properties need to control actions ... (read more)
Nevada gaming win has upside, downside10 July 2009
LAS VEGAS, Nevada –- First, the good news: Statewide gaming revenues fell 8.3 percent in May, ending seven straight months of double-digit declines.
Now, the bad news: Statewide gaming revenues fell 8.3 percent in May, Nevada's 17th straight monthly decline in the amount of money casinos collected from ... (read more)
LV Sands says Macau still in play9 July 2009
LAS VEGAS, Nevada –- Las Vegas Sands Corp. executives used Wednesday's topping-off ceremony for the casino operator's $5.5 billion resort in Singapore to announce intentions to restart development of the company's projects in Macau.
Chairman and Chief Executive Officer Sheldon Adelson said the company was ... (read more)
The Mouth has mellowed out30 June 2009
LAS VEGAS, Nevada –- Mike Matusow has mellowed, which may disappoint the legion of poker fans who have come to cherish his well-documented profantity-laced meltdowns, verbal tirades and constant chattering at the table which earned him the nickname "The Mouth."
They may also be surprised to know ... (read more)
Saving CityCenter was no easy task23 June 2009
LAS VEGAS, Nevada –- The $8.5 billion CityCenter, billed as the most expensive private commercial development in U.S. history, was a few hours from shutting operations on the morning of March 27.
Earlier that week, MGM Mirage was sued in Delaware by Dubai World, its 50-50 joint venture partner ... (read more)
Annie Duke keeps emotions at bay16 June 2009
LAS VEGAS, Nevada –- Annie Duke treats poker like business.
She thinks it's a lesson business people should follow.
"You can't let your emotions dictate your actions," Duke said. "You will always lose. In poker and business, you see people reacting with emotion. It's important not to ... (read more)
IGT hires former Microsoft exec5 June 2009
LAS VEGAS, Nevada –- Reno-based slot machine giant International Game Technology dipped into the ranks of Microsoft Corp. to the company's newly created chief technology officer.
Chris Satchell will join IGT after 17 years with Microsoft, most recently as the chief technology officer for the Interactive ... (read more)
LV Sands reaches settlement in Macau suit4 June 2009
LAS VEGAS, Nevada –- Three men who were suing Las Vegas Sands Corp., for payment for assistance they provided the company in its acquisition of a Macau gaming license seven years ago, reached a confidential settlement with the casino operator Wednesday.
Financial terms of the settlement, which was announced the day before the trial was scheduled to begin, were not disclosed. ... (read more)
Michael Gaughan to join Gaming Hall of Fame2 June 2009
LAS VEGAS, Nevada –- South Point owner Michael Gaughan will join his father as a member of the Gaming Hall of Fame later this year.
Gaughan, who built the Coast Casinos brand before selling the properties to Boyd Gaming Corp. in 2004 for $1.3 billion, will be honored in November during the Global Gaming ... (read more)
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