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Howard Stutz Gaming Guru - Page 265Gaming industry escapes wrath of Hurricane Ike16 September 2008
TEXAS AND LOUISIANA -- Hurricane Ike caused some structural damage at Pinnacle Entertainment's L'Auberge du Lac casino in Lake Charles, La., but the gaming industry emerged relatively unscathed from the massive storm.
Las Vegas-based Pinnacle said Monday it shut down the gaming operations at ... (read more)
Aristocrat Leisure replaces leader of U.S. operations15 September 2008
AUSTRALIA AND LAS VEGAS, Nevada -- Australia-based slot machine maker Aristocrat Leisure Ltd. has tapped a new president of its American operations for the second time in the last two years.
The company announced Thursday that Tim Parrott had been replaced as head of Las Vegas-based Aristocrat ... (read more)
Inside gaming column: IGT talk amounts to Street nothings15 September 2008
LAS VEGAS, Nevada -- A filing with the Securities and Exchange Commission in August gave Wall Street the impression that International Game Technology had acquired 22.5 percent of casino technology provider Progressive Gaming International.
Not so, said Progressive Gaming Chief Financial Officer Heather ... (read more)
Nevadan at work: Trade group representative helps competing companies to coexist15 September 2008
LAS VEGAS, Nevada -- In his role as executive director of the Association of Gaming Equipment Manufacturers, Marcus Prater is developing skills that could make him the next secretary-general of the United Nations.
The members of his trade group are usually at war with each other in the courtroom. ... (read more)
IGT wins; battle begins12 September 2008
A federal judge has ruled in favor of International Game Technology in a patent infringement dispute with rival gambling equipment maker Bally Technologies.
The lawsuit is related to a slot machine gaming wheel product. But Wall Street said the fight is far from finished.
Bally and IGT have several patent infringement lawsuits filed against each another in U.S. ... (read more)
Raised from the dead11 September 2008
LAS VEGAS, Nevada -- In redeveloping The Mirage's volcano, designers quickly realized they needed more than just some high-tech pyrotechnic enhancements to return the 20-year-old Strip-front mountain to its landmark status.
The job called for the talent of Grateful Dead drummer Mickey ... (read more)
Nevada is 'struggling,' may finish '08 poorly11 September 2008
NEVADA -- With July's 13 percent decline in statewide casino revenues on the books, 2008 is headed toward recording the worst ever year-over-year percentage decrease in Nevada gaming win since authorities began collecting such data more than two decades ago.
Through July, gaming revenues statewide are down 6.6 percent compared to the first seven months of 2007. ... (read more)
Profits rise for Shuffle Master10 September 2008
A recent stock offering by Shuffle Master prompted Wall Street to sing the gaming equipment provider's praises.
The third-quarter earnings from the Las Vegas-based distributor of table games and table games-related products added to the chorus.
Shuffle Master said Tuesday its net income for the quarter ... (read more)
Violations doom bid by Glitter Gulch to add slots8 September 2008
NEVADA -- The Topless Girls of Glitter Gulch strip club probably blew its chance of convincing Nevada gaming regulators it was a suitable location to house slot machines in February.
State gaming agents entered the Fremont Street club undercover twice to investigate the property. On their first visit, they were solicited for prostitution. ... (read more)
Inside gaming: Signs of trouble from slot giant8 September 2008
NEVADA -- Twelve months ago, Wall Street analysts never imagined having concerns about International Game Technology. The Reno-based company, which has a large corporate presence in Las Vegas, controls the lion's share of the worldwide slot machine market.
IGT has been an analysts' darling among manufacturers. ... (read more)
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