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Howard Stutz Gaming Guru - Page 264Slot machine lawsuits spinning out of control27 October 2008
LAS VEGAS, Nevada --If you find the constant legal wrangling between rival slot machine makers International Game Technology and Bally Technologies perplexing, you're not alone.
Roughly a dozen patent infringement lawsuits and antitrust claims between the companies are floating through the federal courts. ... (read more)
Judge tosses motion to order Sands to post bond21 October 2008
LAS VEGAS, Nevada -- District Judge Michelle Leavitt denied a motion Monday that would have ordered Las Vegas Sands Corp. to post a bond on a $58.6 million judgment against the casino operator won by Hong Kong businessman Richard Suen following at six-week trial last spring.
After a brief hearing, Leavitt ... (read more)
Gambling beyond Nevada: Eyeing markets and taking chances20 October 2008
WASHINGTON, D.C. -- Amid collapsing credit markets and sinking stock prices, gaming industry leaders are looking for any piece of positive news. They hope voters in five states will give them a reason to smile come Nov. 4.
Voters in Colorado, Maine, Maryland, Missouri and Ohio are evaluating gaming expansion or changes to existing gaming laws. ... (read more)
Inside gaming column: New casino hopes to match price to patrons20 October 2008
LAS VEGAS, Nevada -- The challenge for Station Casinos in opening Aliante Station is to not scare away the customers. In other words, the $662 million North Las Vegas hotel-casino may resemble Red Rock Resort in Summerlin, but it better not have Red Rock prices.
Aliante Station executives seem to ... (read more)
Inside gaming column: Forty days, 40 nights and a cry of protest6 October 2008
LAS VEGAS, Nevada -- Maybe we've become jaded in Las Vegas. Or maybe Midwest residents are little uptight.
Regardless, a slot machine titled "Noah's Ark" will soon be in Nevada casinos.
The five-reel penny machine has cartoon animals and a cartoon Noah. Jackpots are based on lining up animals by the pair. ... (read more)
Analyst's encouraging words send International Game Technology shares rising29 September 2008
LAS VEGAS, Nevada -- Shares of slot machine maker International Game Technology, battered recently by a string of bad news, were given a lift Friday when a Wall Street analyst told investors there were several reasons to accumulate stock in the company.
The comments by Goldman Sachs gaming analyst Steven ... (read more)
Inside gaming column: It's plain that pain's a regular refrain29 September 2008
The delay of a $734 million expansion at the Mohegan Sun casino in Connecticut says as much about the economic state of the gaming industry as the Aug. 1 announcement by Boyd Gaming Corp. that it was halting construction of the $4.8 billion Echelon.
Financially, all is not well.
Deutsche Bank ... (read more)
Welcome to the club: Slot cheat joins state's Black Book19 September 2008
NEVADA -- A convicted slot machine cheat became the 36th name on the state's List of Excluded Persons, commonly known as the Black Book, and the first new member since 2004.
The Nevada Gaming Commission took about 15 minutes Thursday to confirm the nomination of William Cushing to the Black Book, legally barring him from entering a licensed Nevada casino. ... (read more)
IGT to impose layoffs17 September 2008
LAS VEGAS, Nevada -- Slot machine giant International Game Technology said Tuesday it will lay off a yet-to-be determined number of employees by Jan. 5 due to the troubled economy.
In an e-mail to employees, IGT Chairman and Chief Executive Officer TJ Matthews said the number of layoffs will be based on how many workers accept a voluntary separation program that was introduced last week. ... (read more)
Resorts' gadgets to suit guests16 September 2008
LAS VEGAS, Nevada -- There was a time when a high-tech hotel room consisted of dial-up Internet access and free movies.
At the $9.2 billion CityCenter, the bar is being set a bit higher.
MGM Mirage said three of the hotels at CityCenter will have an in-room technology system where guests can customize their room environment for their own personal tastes. ... (read more)
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