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Howard Stutz Gaming Guru - Page 257Possible Station buy overshadows Boyd net loss27 February 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. executives repeatedly told analysts during Thursday's fourth-quarter earnings conference call they would not answer questions about the company's interest in spending $950 million to buy a large portion of rival Station Casinos.
The matter, which was announced ... (read more)
Wynn posts net loss in fourth quarter25 February 2009
LAS VEGAS, Nevada -- Wynn Resorts Ltd. tumbled to a fourth-quarter net loss due to a nearly $100 million tax expense and falling revenues at the company's Las Vegas casinos.
The news, announced Tuesday after the close of normal trading, sent the company's shares down almost 16 percent in ... (read more)
Boyd makes Station Casinos an offer24 February 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. has made a $950 million offer to acquire a significant portion of locals gaming rival Station Casinos, the company announced Monday in a filing with the Securities and Exchange Commission.
Boyd Gaming currently operates nine casinos in Las Vegas and Henderson. ... (read more)
CityCenter starts accepting hotel reservations23 February 2009
LAS VEGAS, Nevada -- MGM Mirage will begin accepting hotel reservations Monday morning for rooms at two of the $9.1 billion CityCenter's properties, the Vdara hotel and condominium tower, and Aria, the project's centerpiece hotel-casino.
Vadara, a non-gaming resort, will open on Oct. 1. Nightly rates will run from between $159 and $2,000. ... (read more)
Gambling slump may last until 201123 February 2009
LAS VEGAS, Nevada -- A British gaming adviser said the 50 largest gaming companies worldwide lost a combined $140 billion in shareholder value over the past 12 months.
Global Betting & Gaming Consultants Chief Executive Officer Warwick Bartlett said a negative sentiment building toward gambling might keep ... (read more)
Card-counting iPhone application sees sale spike20 February 2009
LAS VEGAS, Nevada -- Nevada gaming regulators hoped to freeze sales of a blackjack card-counting application for iPhones by telling the world the software could convert the high-tech phone into an electronic cheating device.
So much for that idea: The announcement had the opposite effect.
Travis Yates, ... (read more)
Software inventor still owed $1 million from Progressive Gaming19 February 2009
LAS VEGAS, Nevada -- A software inventor who sold four patents to now-foreclosed Progressive Gaming International Corp. is still owed about $1 million for the intellectual property and isn't sure how he will collect his money.
The patents, which cover devices that can be used to automatically monitor and ... (read more)
Nevada on the lookout for iPhone card counters16 February 2009
LAS VEGAS, Nevada -- Users of iPhones beware -- state gaming agents are watching you.
California gaming authorities tipped off their Nevada counterparts to a blackjack card-counting program that can be used on either the Apple iPhone or the Apple iPod Touch portable music player.
"The program ... (read more)
LV Sands profits continue to plummet12 February 2009
LAS VEGAS, Nevada -- Declining revenues in Macau and one-time charges sent Las Vegas Sands Corp. to a net loss of $111.3 million in the fourth quarter, the company said Wednesday.
The casino operator said its overall company revenues were up 4.3 percent because of increases in business at The Venetian and Palazzo on the Strip. ... (read more)
News not all that bad for Ameristar11 February 2009
LAS VEGAS, Nevada -- Wall Street found positive news in Ameristar Casinos' fourth-quarter earnings announcement Tuesday despite the Las Vegas-based casino operator's net loss of $101.1 million.
Ameristar, which does not operate a Las Vegas resort, reported a loss of $1.77 per share, reversing net income of $8.2 million, or 14 cents per share, a year earlier. ... (read more)
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