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Howard Stutz Gaming Guru - Page 261Nevada gaming revenue takes huge fall11 December 2008
LAS VEGAS, Nevada -- It just went from bad to worse.
Nevada gaming revenues tumbled 22.3 percent in October, the single largest monthly drop in state history and the 10th straight month gaming revenues have fallen in the Silver State. For the year, gaming revenues are down 8.3 percent ... (read more)
LV Sands loses bid to set aside Suen judgement9 December 2008
LAS VEGAS, Nevada -- Las Vegas Sands Corp. lost a bid Monday to set aside a $58.6 million judgment that a Clark County jury awarded Hong Kong businessman Richard Suen following a six-week civil trial.
Rusty Hardin, the Houston-based attorney for Las Vegas Sands, said after nearly four hours of arguments ... (read more)
Herbst Gaming talks restructuring with lenders8 December 2008
LAS VEGAS, Nevada -- Herbst Gaming said late Thursday it is discussing a restructuring agreement with its lenders after missing a $5.1 million interest payment earlier in the week.
In a filing with the Securities and Exchange Commission, the locals gaming company also extended its forbearance and standstill agreement with its banks until Feb. ... (read more)
INSIDE GAMING: New Harrah's slots appeal to Trekkies8 December 2008
LAS VEGAS, Nevada -- Attention "Star Trek" nerds: engage at warp speed or beam yourselves to Harrah's Entertainment casinos in Las Vegas. The company is rolling out "Star Trek"-themed slot machines built by WMS Industries.
The equipment manufacturer unveiled the games at last month's Global Gaming Expo. ... (read more)
Agent trades clubs for cards8 December 2008
LAS VEGAS, Nevada --Brian Balsbaugh had his heart set on becoming a professional golf agent.
His marketing and law degrees from Indiana University put him on that course.
When he joined a small Minneapolis-based sports management firm in 1998, Balsbaugh's career path was set. The firm had him ... (read more)
Two sue LV Sands over stock drop5 December 2008
LAS VEGAS, Nevada -- Two shareholders of Las Vegas Sands Corp. have sued the casino operator's board of directors over the falling price of the company's shares, which have lost roughly 95 percent of their value in the past 14 months.
The lawsuit, filed Nov. 26 in Clark County District Court, accused the ... (read more)
Wynn defying economic downturn with Encore opening4 December 2008
LAS VEGAS, Nevada -- The $2.3 billion Encore will open Dec. 22 in the middle of what many have called the worst economic crisis ever to hit the Strip and the gaming industry.
But don't expect Wynn Resorts Ltd. to change its style.
Encore, with 2,034 hotel rooms, is attached to Wynn Las Vegas. ... (read more)
Macau revenue rises for first time in two months2 December 2008
MACAU, China -- Macau gaming revenues grew 3 percent in November following two straight months of declines.
Since early fall, tightened visa restrictions by the Chinese government have curtailed tourism from residents of neighboring provinces into Macau, the only area in China where casino gambling is ... (read more)
Gambling stocks down again in November1 December 2008
LAS VEGAS, Nevada -- Investors in gaming stocks are glad only one month remains in 2008.
Despite some end-of-the-month upticks in the stock markets as a whole, November was another downward slide for gaming.
Nine out of the 10 casino operators and slot machine manufacturers charted by Las Vegas-based ... (read more)
Cool stuff but no takers24 November 2008
LAS VEGAS, Nevada -- Linda Zarzycki, a purchasing manager at the Potawatomi Casino near downtown Milwaukee, said some of the newer slot machines displayed during the Global Gaming Expo this week caught her attention.
Same for Barry Joannides, general manager of the Prairie's Edge Casino, situated 129 miles west of Minneapolis. ... (read more)
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