 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 285Smoking ban fuels quarterly loss for Herbst Gaming9 November 2007
LAS VEGAS, Nevada -- The acquisition last spring of three casinos in Primm helped Herbst Gaming significantly grow its overall net revenues. Nevada's 10-month-old ban on smoking in bars, restaurants and taverns, however, continued to eat away at the company's profits.
Herbst Gaming reported a net loss of $28.9 million for the quarter ended Sept. ... (read more)
MGM Mirage plans Muslim world resort8 November 2007
LAS VEGAS, Nevada -- MGM Mirage announced Wednesday it will take its first stab at developing a luxury nongambling resort inside the Muslim world.
The Las Vegas-based casino operator said it would build a $3 billion hotel and entertainment complex on Abu Dhabi Island in the Persian Gulf in conjunction with the Mubadala Development Co., the investment arm of the Abu Dhabi government. ... (read more)
An image of M for Henderson8 November 2007
LAS VEGAS, Nevada -- At 80 acres, the site of the $1 billion M Resort is larger than MGM Mirage's 76-acre CityCenter development, which has a $7.8 billion budget.
But unlike MGM Mirage, M Resort developer Anthony Marnell III isn't ready to build out the entire site at the far southern end of Las Vegas Boulevard quite yet. ... (read more)
Progressive agrees to pay $20 million to end lawsuit7 November 2007
Progressive Gaming International Corp. agreed Tuesday to settle a federal antitrust lawsuit rather than fight a verdict in which it could be liable for more than $39 million.
The Las Vegas-based gaming equipment company, which has transformed itself over the past few years into a casino technology ... (read more)
Pinnacle Entertainment reports dip in earnings7 November 2007
LAS VEGAS, Nevada -- Pinnacle Entertainment suffered a drop in third-quarter earnings, but executives and gaming analysts wanted to look ahead rather than backward.
The Las Vegas-based casino operator used Tuesday's earnings release to announce a Dec. 19 opening date for its $507 million Lumiere Place casino in downtown St. ... (read more)
Stumble continues for shares of Las Vegas Sands5 November 2007
LAS VEGAS, Nevada -- Investors on Friday continued to pummel shares of Las Vegas Sands Corp. a day after the company announced a quarterly net loss.
Also, gaming analysts weighed in after Las Vegas Sands executives blamed preopening expenses at the $2.4 billion Venetian Macau and lucky gamblers in Macau ... (read more)
Shuffle Master chief financial officer resigns after three years5 November 2007
LAS VEGAS, Nevada -- Shuffle Master Chief Financial Officer Richard Baldwin resigned Friday from the gaming equipment supplier.
In a statement, Shuffle Master said Baldwin, who joined the company in 2004, wanted to pursue other opportunities. He will remain as a part-time employee with Shuffle Master for an undisclosed period of time.
... (read more)
Boyd Gaming reverses loss, misses forecasts in quarter2 November 2007
LAS VEGAS, Nevada -- For the next three years, Boyd Gaming Corp. is looking to the locals casino market and the company's Hawaiian visitor-fed downtown gambling halls to fuel its Southern Nevada earnings.
That is until the $4.8 billion Echelon development opens on the Strip by 2010.
Until then, ... (read more)
Gaming stocks continue rally in October2 November 2007
LAS VEGAS, Nevada -- Stock prices of the major casino companies and slot machine makers continued their upward trend in October, based on investors expectations of Macau casinos generating profits and potential expansion into new domestic markets.
An index that charts the financial performances of nine gaming companies hit another record in the month. ... (read more)
Las Vegas Sands posts third-quarter loss2 November 2007
LAS VEGAS, Nevada -- The Venetian Macau opened to capacity-busting crowds, but the sheer number of guests didn't translate into profits for Las Vegas Sands Corp.
Preopening expenses related to the $2.4 billion resort, along with development costs at other properties, drove Las Vegas Sands Corp. ... (read more)
< Previous 10 Articles | Next 10 Articles > |