 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 27Wynn Resorts shares rise despite 'Macau malaise'5 June 2015
Wynn Resorts, Limited, which has seen its share price hammered over the past few days over “Macau malaise,” bounced back on Thursday after an analyst said the low price presented a buying opportunity. Shares of Wynn, which operates two casinos in Macau and two Strip resorts, jumped as much as 8 percent on the Nasdaq before closing at $109.44, up $7.39 or 7.24 percent. ... (read more)
Sandoval signs bills seen boosting sports-betting handle in Nevada4 June 2015
Two bills backed by the Nevada sports betting industry that could lead to an increase in the $3.9 billion already wagered annually in the state’s sports books were signed into law by Gov. Brian Sandoval. Senate Bill 443 authorizes the formation of business entities to place race and sports pool wagers. ... (read more)
Inside Gaming: Macau in a free-fall and taking Wynn Resorts with it3 June 2015
“If you were to ask me, since we’re making forward-looking statements, what will the second quarter look like in Las Vegas? Weak. Do you hear me? Weak. So I’m trying to lower expectations here. This notion of a big recovery is a complete dream. I don’t think Las Vegas is experiencing a great recovery.” — Wynn Resorts Ltd. ... (read more)
Caesars shares punished after judge's ruling favors creditors3 June 2015
Investors hammered the stock price of Caesars Entertainment Corp. over the past two days after a federal judge handed a small victory to creditors seeking to collect $750 million from the casino company’s bankrupt operating division. Shares of Caesars, traded on the Nasdaq, fell 3.31 percent, or 26 cents, to close at $7.60, the company’s lowest closing price since February 2013. ... (read more)
Macau experiences 12th straight month of gaming revenue decline2 June 2015
Macau’s casino industry has now experienced 12 straight monthly gaming revenue declines — and more are on the way. Casinos in the Chinese gambling enclave collected $2.5 billion from gamblers in May, a drop of 37 percent compared to the same month a year ago, the Macao Gaming Inspection and Coordination Bureau said Monday. ... (read more)
SLS Las Vegas valets work to end Teamsters protests2 June 2015
Valet employees at the SLS Las Vegas Hotel & Casino said a majority of the parking staff don’t want to be represented by the Teamsters Union and are seeking advice on how to end demonstrations at the north Strip resort. Workers drafted a petition asking Teamsters Local 986 to end the organizing effort. ... (read more)
MGM shareholders re-elect 11-person board of directors1 June 2015
Shareholders in MGM Resorts International re-elected the company’s 11-person board of directors at the annual meeting Thursday. Company spokesman Clark Dumont said in an email the board was re-elected, and the company would release the official vote total in a filing with the Securities and Exchange Commission. ... (read more)
Strip's best April since '08 helps reverse statewide gaming slide1 June 2015
The Strip’s best April in seven years helped reverse a two-month gaming revenue slide in Nevada. Casinos statewide collected $897.9 million from gamblers during April, a 5.39 increase compared to the same month in 2014. On the Strip, gaming revenue increased almost 7.8 percent to $498.8 million. The Gaming Control Board reported the results Friday. ... (read more)
Casino exec Ross tapped for chairman of DEQ Systems1 June 2015
Former Affinity Gaming CEO David Ross was named chairman of Canada-based table game provider DEQ Systems. Ross, who left his role with Affinity last year, was elected this week to the board of the company, which is headquartered in Quebec and provides the gaming industry with table game systems, as well as live and online table game content. ... (read more)
Inside Gaming: Slot makers betting on video-game element to lure millennials1 June 2015
It’s clear the millennial generation — young adults born in the 1980s and 1990s — aren’t fond of playing slot machines. They prefer “Angry Birds” over “Blazing 7s.” New gaming regulations are headed for Nevada that will soon let gamblers do both. The passage of Senate Bill 9 — backed by the Association of ... (read more)
< Previous 10 Articles | Next 10 Articles > |