 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 28Station Casinos gets gaming license amendment, denies rumors of going public29 May 2015
State gaming regulators removed a condition Thursday from Station Casinos’ gaming license that was a holdover from when it was owned by a private equity firm. However, the company’s chief financial officer said it doesn’t mean the privately held casino operator was going public anytime soon. The change, ... (read more)
Paragon Gaming approved to take over Westgate Las Vegas29 May 2015
The Nevada Gaming Commission and Control Board on Thursday approved casino management company Paragon Gaming to take over operations of the Westgate Las Vegas Resort & Casino. The takeover will become effective early Monday morning. Las Vegas-based Paragon is headed by Dianna Bennett, the daughter of the late Las Vegas gaming pioneer William Bennett. ... (read more)
Caesars in 'painstaking' process to restore lost retirement payments29 May 2015
The general counsel for Caesars Entertainment Corporation told the Nevada Gaming Commission and Control Board on Thursday that the casino company was going through a “painstaking” process to determine how its bankrupt division can restore lost retirement and deferred compensation payments to current and former employees. ... (read more)
Nobody likes the IRS's idea to lower the jackpot reporting threshold27 May 2015
Peter Erickson worries a suggested move by the Internal Revenue Service to lower the reporting level for gambling winnings will change his casino habits. It’s not that Erickson, who retired to South Florida 11 years ago, is considered a high roller. A few times a week, he plays the slot machines at the ... (read more)
Stockton University sues Caesars for fraud, breach of contract27 May 2015
A New Jersey college that bought the closed Showboat Atlantic City from Caesars Entertainment Corporation last year with plans to turn the shuttered casino into a college campus has sued the gaming company for $22 million in damages. A 1988 deed restriction that prohibits the 26-acre Boardwalk site from ... (read more)
Caesars resumes deferred compensation payments, but only for some27 May 2015
Caesars Entertainment Corporation is making payments to a portion of the company’s current and former employees who lost a combined $78.6 million in deferred compensation when the casino giant’s largest operating unit filed for Chapter 11 bankruptcy in January. In a statement Friday, Caesars spokesman ... (read more)
IGT's losses reflect weakening state of US slot machine industry26 May 2015
The final quarterly earnings report this month by slot machine giant International Game Technology was more of a look inside the dwindling North American gaming equipment market, rather than the company. IGT’s sale to Italy-based lottery provider GTECH Holdings for $6.4 billion closed April 7. The combined ... (read more)
Nevada Gold moves to acquire Club Fortune Casino26 May 2015
Nevada Gold & Casinos has begun the process to acquire its first casino in Nevada. The Las Vegas-based company, which operates 10 casinos in Washington and a slot machine route on Deadwood, S.D., announced late Friday it would acquire the Club Fortune Casino in Henderson for $14.2 million in cash and 1.2 million of Nevada Gold’s company stock. ... (read more)
Teamsters suspend picket line at SLS Las Vegas26 May 2015
The Teamsters Union said it was suspending a picket line at the SLS Las Vegas Hotel & Casino but threatened to resume the protest if it can’t organize some 50 valet parking employees at the Strip resort. The union set up a picket line at SLS this week, claiming SLS management committed unfair labor practices and fired three workers for supporting the organizing campaign. ... (read more)
Bet Bar at the front of Spain's booming sports betting industry26 May 2015
On game days for the Real Madrid soccer team, the area surrounding Estadio Santiago Bernabéu is an outdoor festival. At the stadium, near the city’s financial district, the club’s fans gather with intense passion. The only place more popular than the 81,000-seat stadium for watching Real Madrid is the Bet Bar. ... (read more)
< Previous 10 Articles | Next 10 Articles > |