 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 259IGT reports decline in profit and earnings23 January 2009
LAS VEGAS, Nevada -- International Game Technology missed its first-quarter earnings estimates and saw profits decline 42 percent from a year ago -- but things could have been worse.
The Reno-based slot machine giant said Thursday it earned $65.7 million, or 22 cents a share, in the three-month period ended Dec. ... (read more)
IGT acquires Progressive Gaming assets21 January 2009
LAS VEGAS, Nevada -- Slot machine giant International Game Technology announced Tuesday it acquired "substantially all of the assets" of Progressive Gaming International Corp., which was foreclosed and liquidated last week by one of its lenders.
No price was given.
Ed Rogich, a spokesman for the ... (read more)
INSIDE GAMING: Taiwan beaches ready for action19 January 2009
LAS VEGAS, Nevada -- The prospects for a beachfront casino resort in Taiwan that would be managed by Las Vegas casino veteran Larry Woolf received a boost.
Taiwan's Parliament voted last week to legalize gambling on the island nation's offshore islands of Kinmen, Matsu and Penghu. The move allows the ... (read more)
Progessive Gaming misses debt deadline16 January 2009
LAS VEGAS, Nevada -- Troubled technology provider Progressive Gaming International Corp. is headed toward extinction.
A foreclosure sale of the company's assets was rescheduled for today, according to a company spokesman. Las Vegas-based Progressive Gaming did not meet a Thursday deadline to pay $17 ... (read more)
Penn National dispels Mirage deal talks14 January 2009
LAS VEGAS, Nevada -- Penn National Gaming sources said Tuesday the regional casino operator is not buying The Mirage, a hot rumor that has been circulating around the Strip much of the past month.
For now.
Penn National's management is committed to acquiring a Strip resort, potentially in 2009, giving ... (read more)
Gambling executive gets post on Federal Reserve12 January 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. Chief Executive Officer Keith Smith will become the first casino company representative on the Federal Reserve Bank of San Francisco's board of directors. The announcement is being made today.
Smith, 48, will join six other directors on the Los Angeles branch board ... (read more)
Murren making his mark on MGM Mirage12 January 2009
LAS VEGAS, Nevada -- Clearly, MGM Mirage is now Jim Murren's company.
Fifteen days after taking over as chairman and chief executive officer, Murren helped engineer the sale of Treasure Island to Phil Ruffin for $775 million, which will reduce the company's Strip holdings to nine casinos when the deal closes in June. ... (read more)
Lanni leaves on his terms12 January 2009
LAS VEGAS, Nevada -- Terry Lanni didn't take a victory lap.
He didn't stop for the applause and he didn't wait for the accolades.
Instead, Lanni told the world on Nov. 13 he was retiring as chairman and chief executive officer of gaming industry giant MGM Mirage after 13 years at the helm. Five days ... (read more)
LV Sands, Elad Group deny New Frontier land deal report7 January 2009
LAS VEGAS, Nevada -- What began as a Web site report in Israel on Tuesday morning spun into speculation that one of two casino operators were looking at taking the vacant New Frontier site off the hands of the Elad Group, which has stalled in its plans to build a $5 billion version of New York's Plaza Hotel ... (read more)
Gaming regulator comes full circle5 January 2009
LAS VEGAS, Nevada -- In a way, Mark Lipparelli is going back to his roots.
When he takes his seat next week on the three-member Gaming Control Board, Lipparelli will return to an agency where he began his career as a research and securities analyst.
In the years between, Lipparelli, 43, held a multitude of positions within the gaming equipment manufacturing sector. ... (read more)
< Previous 10 Articles | Next 10 Articles > |