 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 249Pansy Ho may fight NJ ruling21 May 2009
LAS VEGAS, Nevada –- Hong Kong businesswoman Pansy Ho isn't happy New Jersey's Division of Gaming Enforcement believes she's an "unsuitable" business partner for MGM Mirage.
In a statement released to media in Hong Kong and Macau, Ho hinted she might fight the decision.
"I and my advisers will need ... (read more)
AGA still believes in Stanley Ho20 May 2009
LAS VEGAS, Nevada –- His daughter may not be a suitable business partner in the eyes of New Jersey gaming regulators, but the American Gaming Association believes Stanley Ho should be honored at the Global Gaming Expo Asia next month.
Ho, the 86-year-old Hong Kong billionaire, will receive the Asia ... (read more)
MGM Mirage wraps up $2.6 billion restructuring20 May 2009
LAS VEGAS, Nevada –- MGM Mirage completed its $2.6 billion corporate restructuring effort Tuesday, the same day the company announced it would be involved in a $4 billion project to build and operate smaller, nongaming versions of the Bellagio and MGM Grand in Dubai.
The casino operator's restructuring ... (read more)
MGM partner found unsuitable by NJ19 May 2009
LAS VEGAS, Nevada –- New Jersey gaming authorities have reportedly found MGM Mirage joint venture partner Pansy Ho, who has a 50 percent stake in the MGM Grand Macau, unsuitable and the casino operator needs to "disengage itself from any business association" with the daughter of controversial Hong Kong ... (read more)
MGM Mirage completes stock sale18 May 2009
LAS VEGAS, Nevada –- MGM Mirage placed 143 million shares of common stock on the market Thursday, almost double what the company had previously announced it was selling as part of an effort to raise $2.5 billion to resolve its debt and leveraging issues.
The financially struggling casino operator ... (read more)
Analyst says gaming stocks still risky18 May 2009
LAS VEGAS, Nevada –- One Wall Street analyst is still not convinced that MGM Mirage is out the woods, despite the company's recent financial maneuverings that saved the $8.5 billion CityCenter development and restructured its corporate financial picture.
Steven Kent of Goldman Sachs told investors a ... (read more)
New WSOP rule could hamper Hellmuth11 May 2009
LAS VEGAS, Nevada -- The World Series of Poker's first high-stakes event starts on May 28. Which means we're just 18 days away from Phil Hellmuth's first temper tantrum of the tournament.
A new discipline system, however, could render his next outburst his last.
World Series of Poker officials want to do a better job tabulating infractions by players and improve enforcement. ... (read more)
Nevada economy edging closer to stability8 May 2009
LAS VEGAS, Nevada -- If you're looking for some positive news within March's 11.6 percent decline in Nevada gaming revenues, we have some.
The drop was the 15th straight month gaming revenues have tumbled in Nevada and the sixth consecutive month of double-digit declines. However, the percentage drop was ... (read more)
Bally earnings meet Wall Street expectations8 May 2009
LAS VEGAS, Nevada -- Bally Technologies said the weakened economy affected the company's third-quarter results as the slot machine maker matched analysts' estimates.
Las Vegas-based Bally said Thursday it posted a net profit of $29.3 million, or 52 cents per share, in the quarter ended March 31, down from ... (read more)
Wynn says bottom may be near6 May 2009
LAS VEGAS, Nevada -- A week after expressing optimism about Las Vegas' economic recovery, Wynn Resorts Ltd. Chairman Steve Wynn was more guarded Tuesday.
The operator of Wynn Las Vegas and Encore took a $33.8 million loss in the first quarter, due in large part to poor results at the ... (read more)
< Previous 10 Articles | Next 10 Articles > |