 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 253Greek Isles files for bankruptcy7 April 2009
LAS VEGAS, Nevada -- The majority owner of the Greek Isles blamed "greedy hedge-fund guys" interested in wiping out the current owners' equity stake for pushing the property into Chapter 11 bankruptcy Monday.
Harold Rothstein said the Greek Isles' creditors have already taken $14 million in ... (read more)
Crown denies CityCenter report7 April 2009
LAS VEGAS, Nevada -- Australia-based Crown Ltd. denied Monday it was planning to invest in the $8.7 billion CityCenter development, but MGM Mirage's talks with private equity firm Colony Capital appear to be moving forward.
Bloomberg News reported that Colony, which owns the Las Vegas Hilton ... (read more)
Nevada gaming revenues down more than 18 percent7 April 2009
LAS VEGAS, Nevada -- Gaming revenues fell more than 18 percent statewide during February and more than 23 percent on the Strip, according to figures released this morning by the Gaming Control Board.
Statewide, casinos won almost $839.5 million from gamblers, down from almost $1.145 billion won a year ago. ... (read more)
Exec says strip resorts too pricey6 April 2009
LAS VEGAS, Nevada -- Financially strapped casino operators may be asking too steep a price for Strip resorts that are potentially on the market, according to a high- ranking executive with Penn National Gaming, the company most often linked to possible purchases.
However, a spokesman for Penn National, a ... (read more)
LV Sands wants to restart Macau development3 April 2009
LAS VEGAS, Nevada -- Las Vegas Sands Corp. is trying to restart its multibillion-dollar gaming development in Macau while its chairman and founder is kicking up his stake in the company.
Stephen Weaver, president of Las Vegas Sands' operations in Asia, told media in Hong Kong the company was in early ... (read more)
MGM Mirage stock jumps at CityCenter news3 April 2009
LAS VEGAS, Nevada -- A day after reports that Los Angeles-based Colony Capital might be the financial savior of the $8.7 billion CityCenter development, the project's partners remained relatively quiet.
Investors and Wall Street, however, answered loudly.
Shares of MGM Mirage jumped Thursday ... (read more)
Inverstor may help financially troubled CityCenter2 April 2009
LAS VEGAS, Nevada -- Los Angeles-based Colony Capital, which owns the Las Vegas Hilton and 75.9 percent of Station Casinos, could be bringing some much-needed cash to the troubled $8.7 billion CityCenter development, news reports say.
The Wall Street Journal reported Wednesday that the real ... (read more)
Cantor Gaming seeks small-scale slot-route2 April 2009
LAS VEGAS, Nevada -- Casino technology company Cantor Gaming acquired a Nevada holding company last year that included several gambling-related businesses.
The deal gave Cantor a vast library of slot machine games and technology. But another aspect of the transaction was a small slot machine route ... (read more)
Stock surge not seen in Vegas1 April 2009
LAS VEGAS, Nevada -- While the U.S. stock market recorded its strongest monthly gains in more than six years during March, the results didn't filter down to the gaming sector.
The stock prices of major casino operators continued on a double-digit downward spiral in the month as liquidity issues and multibillion-dollar debt loads triggered fears among investors. ... (read more)
Critics question Gaming Commission appointments31 March 2009
LAS VEGAS, Nevada -- When the two newest members of the Nevada Gaming Commission take their seats, four of the five members will be attorneys -- which is seemingly contrary to language in the statute that covers eligibility and qualifications of the regulatory panel's makeup.
A spokesman for Gov. ... (read more)
< Previous 10 Articles | Next 10 Articles > |