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Howard Stutz Gaming Guru - Page 275Pinnacle profits in first quarter8 May 2008
LAS VEGAS, Nevada -- Las Vegas-based Pinnacle Entertainment bucked a gaming industry trend, reporting first-quarter increases in revenues and earnings on Wednesday because of its newly opened casino in St. Louis and an expansion at the company's flagship resort in western Louisiana.
Pinnacle said it ... (read more)
Earnings: MGM Mirage profits slide7 May 2008
LAS VEGAS, Nevada -- MGM Mirage Chairman and Chief Executive Officer Terry Lanni's suggestion that the gaming company could be split in two sent the company's stock up the most in eight months despite news that its quarterly earnings were down 30 percent.
The souring national economy, which kept many ... (read more)
Revenue, earnings rise for WMS Industries7 May 2008
WAUKEGAN, Illinois -- Resurgent slot machine maker WMS Industries said Tuesday revenues grew 27 percent in the third quarter to $173 million. The company also announced that Chairman Louis Nicastro was retiring on July 1.
WMS, which is based in Waukegan, Ill., reported a net income of $18.8 million in the ... (read more)
Slot cheat to be considered for entry in Black Book6 May 2008
LAS VEGAS, Nevada -- It's been almost four years since Nevada gaming regulators added a name to the state's List of Excluded Persons, commonly referred to as the Black Book. On Thursday, the Gaming Control Board will consider the newest nominee.
William Cushing, who spent time in federal prison in ... (read more)
For WSOP tourney, legends in the fall5 May 2008
LAS VEGAS, Nevada –- The nine players who will compete for the World Series of Poker's biggest prize will qualify for the tournament's final table in July, but the eventual champion won't be crowned until four months later.
In a move scripted for television, World Series of Poker officials announced Thursday the final table of this year's 39th tournament will take place Nov. ... (read more)
Macau official: Subconcession necessary to save Sands from elimination5 May 2008
MACAU AND LAS VEGAS, Nevada -- A Macau government official said Friday he was faced with a Catch-22 dilemma in late 2002: either split a shared gambling concession between feuding Las Vegas Sands Corp. and Hong Kong-based Galaxy Entertainment or accept that neither company would have the ability to open a ... (read more)
Herbst Gaming shuffling managers5 May 2008
NEVADA -- Family-controlled Herbst Gaming shook up its management structure Friday afternoon, replacing Chairman and CEO Ed Herbst with his two brothers.
In a three-paragraph filing with the Securities and Exchange Commission, Tim Herbst, 44, was named chairman of the board while Troy Herbst, 41, was named CEO. ... (read more)
Las Vegas Sands lawsuit: Licensing process described2 May 2008
LAS VEGAS, Nevada -- A Macau government official said mainland Chinese leaders had zero input on the steps the Special Administrative Region undertook to liberalize gaming in 2002, which led to Las Vegas Sands Corp. winning a shared gambling license.
Jorge Oliveira, the commissioner for legal ... (read more)
Olympics again focus of lawsuit1 May 2008
LAS VEGAS, Nevada -- Efforts by Las Vegas Sands Corp. to help Beijing win the rights to host the 2008 Summer Olympics again took center stage Wednesday in a Hong Kong businessman's lawsuit against the casino company.
Richard Suen told a Clark County District Court jury that Las Vegas Sands Corp. ... (read more)
Meetings with Adelson recalled30 April 2008
LAS VEGAS, Nevada -- Hong Kong businessman Richard Suen said he held two face-to-face meetings with Las Vegas Sands Corp. Chairman Sheldon Adelson on successive days in July 2000 and the casino operator expressed immediate interest in the possibility of gaining a Macau gaming license.
Suen, testifying ... (read more)
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