 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 271Herbst taps new directors25 June 2008
LAS VEGAS, Nevada -- Herbst Gaming appointed two independent directors to oversee any potential restructuring opportunities for the financially troubled casino operator.
Attorneys John O'Reilly and John Brewer will entertain, evaluate and negotiate all restructuring proposals for Herbst Gaming, which is facing a potential bankruptcy because of mounting debt. ... (read more)
A full house at the right time25 June 2008
Winning a World Series of Poker event for the first time was a monumental achievement in the career of David Singer. But if his pregnant fiancee, Erin Warner, had gone into labor during the final table, Singer was ready to pick up his chips and walk away from the game.
Luckily, Samuel Koster Singer ... (read more)
Inside gaming column: What, him worry? Not Trump23 June 2008
LAS VEGAS, Nevada -- Finalizing the sale of more than 250 condominium units on the Strip since April would seem sufficient, especially during these daunting economic times.
When the condos are inside Donald Trump's $1.2 billion Trump International Hotel & Tower and carry prices between $700,000 and $5 ... (read more)
Debt-strapped Herbst Gaming shuts small Northern Nevada casino19 June 2008
NEVADA -- Financially troubled Herbst Gaming closed one of its small Northern Nevada casinos this week.
The Las Vegas-based company, which told investors in late March it was facing possible bankruptcy over a mounting debt load, closed the Red Hawk Sports Bar in Dayton, laying off an undetermined number of workers. ... (read more)
MGM announces nongaming hotel project in China19 June 2008
CHINA -- MGM Mirage and its Chinese joint-venture partner announced their first nongaming hotel project in mainland China on Wednesday in which construction is expected to begin later this month.
No financial details were released but one analyst thought the project could be worth $200 million in annual ... (read more)
Global Cash Access to buy Cash Systems17 June 2008
LAS VEGAS, Nevada -- Casino currency provider Global Cash Access will buy rival Cash Systems for $33 million, the Las Vegas-based companies announced Monday.
The value of the deal includes $21 million that Global Cash Access will pay to holders of Cash Systems' outstanding promissory notes and warrants. ... (read more)
On the road to Morocco16 June 2008
LAS VEGAS, Nevada -- The quest to find the next lucrative international gaming destination has landed in the Northern African desert of Morocco.
And the plans don't call for some gin joint in Casablanca.
Moroccan developers of a nearly 1,000-acre lakefront site near the city of Ouarzazate have ... (read more)
Inside gaming: Slot parlor here today but gone tomorrow16 June 2008
LAS VEGAS, Nevada -- United Coin Machine is getting pretty well versed at operating one-day casinos.
The slot route operator's fourth venture this year is planned for June 25 at the site of the Moulin Rouge, pending approval from the Nevada Gaming Commission and the Las Vegas City Council. Temporary ... (read more)
Taxi rate jump fare game13 June 2008
LAS VEGAS, Nevada -- The cost of catching a cab in Las Vegas this summer may increase because of rising gasoline prices.
The Nevada Taxicab Authority will ask its board of directors on June 23 to implement a temporary 25 cents per metered mile fuel surcharge to cover higher gasoline costs. The price ... (read more)
Nevada economy: Gaming revenues tumble again12 June 2008
LAS VEGAS, Nevada -- The slumping national economy has affected the bottom line of Nevada casinos much like what happened in the wake of the terrorist attacks of Sept. 11, 2001.
For the fourth straight month and the fifth month out of the last six, gaming revenues decreased as gamblers cut their ... (read more)
< Previous 10 Articles | Next 10 Articles > |