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Howard Stutz Gaming Guru - Page 272Second-quarter revenue increases for Shuffle Master10 June 2008
LAS VEGAS, Nevada -- Gambling equipment supplier Shuffle Master grew revenues 10 percent in the second quarter despite the company's move away from direct product sales.
Shuffle Master reported revenues of $49 million in the quarter ended April 30, compared with $44.6 million a year ago. Revenues ... (read more)
Inside gaming: Bid for Boyd no more than a rumor9 June 2008
LAS VEGAS, Nevada –- For several days last month, investors thought billionaire takeover artist Carl Icahn was making a run at Boyd Gaming Corp.
The reports seemed to make sense. Icahn was flush with cash after selling the Stratosphere and his Nevada casino holdings in February for $1.3 billion. ... (read more)
Federal inspectors to lend hand6 June 2008
LAS VEGAS, Nevada -- Federal OSHA health and safety officers will join Nevada OSHA officials next week to help complete a comprehensive inspection of the $9.2 billion CityCenter job site, it was announced Thursday.
The federal inspectors, who were asked to join the effort by Nevada's ... (read more)
IGT pays $76 million to acquire Cyberview5 June 2008
RENO, Nevada -- Reno-based slot machine giant International Game Technology picked up another piece in the server-based gaming puzzle Wednesday, acquiring European rival Cyberview Technology for $76 million.
The deal comes nearly three months after IGT said it was in negotiations to acquire the ... (read more)
Strip construction sites back to work4 June 2008
and Howard Stutz
LAS VEGAS, NEVADA -- Construction workers ended a one-day strike and returned to work on two Strip resort projects Tuesday night, after the projects' general contractor agreed to take steps to address union officials' safety concerns about the job sites.
"We have come to an ... (read more)
Shift at top fuels speculation about Ameristar ownership3 June 2008
LAS VEGAS, Nevada -- Speculation about the future ownership of Ameristar Casinos resurfaced Monday after the company replaced its CEO with executives who have longtime ties to the casino operator and its founder, the late Craig Neilsen.
John Boushy, a former Harrah's Entertainment executive who ... (read more)
WSOP to feature 55 events2 June 2008
LAS VEGAS, Nevada -- The 2008 World Series of Poker kicked off its 39th run Friday with the first of eight different $10,000 buy-in championship events. The tournament, which runs through July 14 at the Rio, will feature 55 different events.
In addition to the $10,000 buy-in events, the ... (read more)
Poker champ sees duty to share2 June 2008
LAS VEGAS, Nevada -- Winning poker's ultimate championship and $8.25 million a year ago changed Jerry Yang's bank account but not his attitude toward life.
His wife, Sue, now drives around their hometown of Temecula, Calif., in a new Cadillac Escalade. A good chunk of the winnings are tucked away in mutual funds and a retirement account. ... (read more)
Inside gaming: Sands ruling may be seen as Wynn win2 June 2008
LAS VEGAS, Nevada –- For inside baseball fans, the score from the $43.8 million verdict against Las Vegas Sands Corp. could be characterized as Steve Wynn 1, Sheldon Adelson 0.
The casino developers, who are oftentimes antagonists, were not adversaries in the lawsuit.
However, the Las Vegas law firm that handles gaming matters for Wynn Resorts Ltd. ... (read more)
With few exceptions, gaming stocks sliding2 June 2008
LAS VEGAS, Nevada -- Wall Street investors do not expect a turnaround in the Las Vegas gaming market anytime soon. They also aren't impressed by the figures coming out of Macau.
The beneficiaries of this attitude appear to be regional casino operators. While the average daily stock prices of the ... (read more)
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