 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 283Civic duty meets convenience on Strip22 January 2008
LAS VEGAS, Nevada -- Christine Sears, a front desk clerk at the Bellagio, wasn't registered to vote and had never shown much interest in the political process until Saturday.
Sears joined almost 500 Bellagio and MGM Grand employees by coming into work on her off day to participate in Nevada's Democratic caucus. ... (read more)
Analyst: Progressive a takeover target21 January 2008
LAS VEGAS, Nevada -- A Wall Street analyst has suggested that Progressive Gaming International should be bought out by slot machine giant International Game Technology.
In a report to investors, Todd Eilers of Roth Capital Partners said shares of Las Vegas-based Progressive Gaming, which fell to a 52-week low of $1.98 on Dec. ... (read more)
Ideas traded in tax debate18 January 2008
LAS VEGAS, Nevada -- Business leaders whose companies support the casino industry heard impassioned reasons Thursday morning why two different initiatives to raise the state's gaming tax would be bad for their bottom lines.
They also heard why a suggestion by Las Vegas Sands Corp. to privatize the ... (read more)
IGT sees profit dip in first quarter18 January 2008
LAS VEGAS, Nevada -- Slot machine giant International Game Technology reported a 6 percent drop in its net income during the first quarter.
Gaming analysts, however, had more of an interest Thursday in where the gambling equipment market is headed and where IGT fits into the long term ... (read more)
Dwellings sell well at CityCenter15 January 2008
LAS VEGAS, Nevada -- If things continue ahead of schedule, Tony Dennis should be out of a job before the $7.8 billion CityCenter project opens in November 2009.
Roughly 50 percent of CityCenter's nearly 2,650 high-end residential offerings have been claimed by buyers since MGM Mirage's $24 million sales pavilion on the Strip opened a year ago. ... (read more)
Offer made for MGM Mirage shares10 January 2008
In an effort to jump-start the company's sagging stock price, MGM Mirage and joint venture partner Dubai World said Wednesday they are offering to buy up to 10 million shares of the casino operator's stock for between $75 and $80 a share.
Dubai World, the investment arm of the Persian Gulf state of ... (read more)
WMS Industries board adds new member8 January 2008
LAS VEGAS, Nevada -- Former Gaming Control Board member Bobby Siller was named on Monday to the board of directors of slot machine maker WMS Industries.
Siller, 63, spent eight years on the Gaming Control Board, leaving Dec. 31, 2006, when his second four-year term expired. He didn't seek reappointment. ... (read more)
California tribes clash over new slots3 January 2008
CALIFORNIA -- California voters are being asked to approve an expansion to the nation's largest Indian gaming market.
But a pair of Indian tribes that own two of the state's largest gambling halls are among the opponents fighting the proposals that could add 17,000 slot machines to four existing ... (read more)
Bally Technologies reverses quarterly loss21 December 2007
LAS VEGAS, Nevada -- Bally Technologies gave investors an early Christmas present Thursday by reporting a profit in the first quarter, reversing a loss from a year ago.
The Las Vegas-based gaming equipment company said it had net income of $21.3 million, or 37 cents per share, in the quarter that ended Sept. ... (read more)
MGM Mirage plans to buy back 20 million shares6 December 2007
LAS VEGAS, Nevada -- MGM Mirage said Wednesday it wants to buy back up to 20 million shares of the company's stock, a move analysts said may boost the casino operator's share price.
Investors have been waiting to see how MGM Mirage would use a payment of almost $2.5 billion the company received last month from Dubai World, the investment arm of the Persian Gulf state of Dubai. ... (read more)
< Previous 10 Articles | Next 10 Articles > |