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Howard Stutz Gaming Guru - Page 269Trump staff put on hold25 July 2008
LAS VEGAS, Nevada -- Don't call them layoffs.
According to developer Donald Trump, roughly 70 employees at the Trump International Hotel & Tower were "impacted by changes in their schedules" due to the slowdown in closing sales of the building's 1,282 studio, one-bedroom and penthouse units.
... (read more)
Penn National Gaming says quarterly profits drop25 July 2008
LAS VEGAS, Nevada -- The Tropicana can wait.
Penn National Gaming on Thursday said its second-quarter earnings missed Wall Street estimates. But the investment community was more interested in seeing whether the newly re-energized publicly traded company was ready to spend some of its $1.48 billion ... (read more)
LV Sands scraps Kansas plan24 July 2008
LAS VEGAS, Nevada -- Las Vegas Sands Corp. on Wednesday scuttled plans for a $500 million casino complex near Kansas City, Kan., blaming the worsening credit markets and the potential that neighboring Missouri might soften its in-state gambling restrictions.
The company was competing for a single ... (read more)
Professor urges legalizing Web betting23 July 2008
NEVADA -- Normally, the most vociferous calls for legalizing Internet gaming come from the growing online poker-playing community, offshore gambling site operators, civil libertarians and a handful of select members of Congress.
Add UNLV associate professor Kathryn LaTour to the chorus.
LaTour, who teaches in the William F. ... (read more)
Gaming stocks: Wynn relishes another encore22 July 2008
LAS VEGAS, Nevada -- "Always Look on the Bright Side of Life," is a popular song from the Broadway musical "Spamalot," which recently ended its 14-month run at Wynn Las Vegas.
Wynn Resorts Ltd. Chairman and CEO Steve Wynn seems to have taken those lyrics to heart.
As the value of gaming stocks ... (read more)
Wynn, Fountainebleau, Riviera bond ratings cut21 July 2008
LAS VEGAS, Nevada -- Moody's Investors Service downgraded the bond ratings of three more casino operators Friday and placed a fourth on review, the day after taking action on four casino operators covering more than $38.3 billion in publicly held debt.
Declining gaming revenues in Las Vegas were the driving force for Moody's revising its bond ratings on the industry. ... (read more)
Inside gaming column: Hellmuth all the rage at poker's main event21 July 2008
LAS VEGAS, Nevada -- The poker community is abuzz over what some believe was special treatment Harrah's Entertainment officials gave superstar Phil Hellmuth during the World Series of Poker's main event.
Hellmuth, the 1989 champion, owns a record 11 individual title bracelets, has won money in a record 68 ... (read more)
IGT praised despite down quarter18 July 2008
LAS VEGAS, Nevada -- Only in these current market conditions, with gaming industry stock prices slumping to historic lows, would the leading slot machine manufacturer be praised for a quarterly earnings miss.
Reno-based International Gaming Technology said Thursday its net income for the third quarter ... (read more)
Moody's lowers bond ratings for Harrah's, Station18 July 2008
LAS VEGAS, Nevada -- Moody's Investors Service downgraded bond ratings Thursday for Harrah's Entertainment and Station Casinos based on declining gaming revenues in Las Vegas.
The ratings service also put casino giants MGM Mirage and Las Vegas Sands Corp. on notice that the bonds covering their debt ... (read more)
Boyd Gaming board member resigns18 July 2008
LAS VEGAS, Nevada -- A member of the Boyd Gaming Corp. board of directors resigned from his position with the casino operator last week, six days before his own privately held company pleaded guilty in federal court to felony immigration charges.
Luther Mack, a five-year member of Boyd Gaming's ... (read more)
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