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Howard Stutz Gaming Guru - Page 266High-rise goes high-end with Regis brand5 September 2008
LAS VEGAS, Nevada -- Las Vegas Sands Corp. will attach the high-end St. Regis brand to its $600 million condominium project on the Strip, solidifying a growing relationship between the casino operator and Starwood Hotels & Resorts Worldwide.
In a joint statement, the companies announced the development would be called The St. ... (read more)
Brandywine clears step to run Herbst Gaming sports books5 September 2008
LAS VEGAS, Nevada -- Gaming regulators on Thursday gave sports book operator Brandywine preliminary approval to operate sports and race wagering facilities at six Herbst Gaming properties.
Meanwhile, an attorney for Herbst said the financially troubled casino operator is still negotiating with its lenders ... (read more)
International Game Technology exec exits; analyst imagines shake-ups4 September 2008
RENO, Nevada -- The No. 2 executive at International Game Technology resigned Wednesday, leaving one Wall Street analyst speculating that more shake-ups are pending at the slot machine manufacturing giant.
Reno-based IGT announced the resignation of Chief Operating Officer Steve Morro in a filing with the Securities and Exchange Commission. ... (read more)
After slight Gustav hit, casinos ready to reopen3 September 2008
LOUISIANA -- Unlike hurricanes Katrina and Rita, Hurricane Gustav caused more disruption than destruction to the Gulf Coast casino industry.
The storm made landfall on Labor Day and brought about minimal damage to casinos in New Orleans, Lake Charles, La., and the Mississippi gaming communities of Bay St. ... (read more)
MGM Mirage secures more funds2 September 2008
LAS VEGAS, Nevada -- MGM Mirage President Jim Murren said Friday the company has secured $2.3 billion of the remaining financing for its CityCenter project, leaving $700 million still to be funded.
However, Murren told Reuters News Service he was confident the final portions of the $9.2 billion CityCenter ... (read more)
Gaming stock prices rebound in August2 September 2008
LAS VEGAS, Nevada -- Gaming got off the mat in August and landed a counterpunch.
For the first time in five months, the average daily stock price of the major publicly traded casino operators and slot machine makers rebounded after some companies fell to historic lows.
Nine of the 10 companies charted ... (read more)
Inside gaming: Sands bets against paying settlement2 September 2008
Las Vegas Sands Corp., faced with paying a lawsuit judgment of $58.6 million to a Hong Kong businessman, told investors it hasn't recorded any reserves or contingencies for the legal matter.
Why? The casino operator doesn't think it will ever have to settle up.
"The company believes this potential loss ... (read more)
LED zeppelin2 September 2008
LAS VEGAS, Nevada -- Operators of new Las Vegas casinos have used such methods as regional and national print advertising campaigns and Internet banner messages to let prospective job applicants know they are hiring.
When the $1 billion M Resort begins its push to bring on more than 2,000 workers, ... (read more)
Deal but no dealer2 September 2008
LAS VEGAS, Nevada -- A Las Vegas poker dealer, who for obvious reasons did not want to give his name, had conflicting reactions while trying out the new electronic poker tables at the Excalibur.
As a dealer, he hated the 10-player tables which are fully automated and do not require cards, chips or a dealer. ... (read more)
40/40 Club closing to make way for Palazzo sports book28 August 2008
LAS VEGAS, Nevada -- The much-rumored closing of the 8-month-old 40/40 Club at the Palazzo became official Wednesday.
The hotel-casino announced it was converting the 24,000-square-foot space into a large-scale race and sports book that will include a specialty restaurant.
The Palazzo, which ... (read more)
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