 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 286Earnings rise for International Game Technology2 November 2007
LAS VEGAS, Nevada -- Slot machine giant International Game Technology disregarded the lack of domestic sales opportunities in the last year and capitalized on the international market.
The result propelled the gaming equipment maker to increases in earnings and revenues for both the fourth quarter ... (read more)
Citycenter budget increases31 October 2007
LAS VEGAS, Nevada -- The budget for Las Vegas' most expensive construction project grew a little larger Tuesday.
MGM Mirage said building costs for the 76-acre CityCenter development on the Strip had increased $400 million to $7.8 billion.
The project includes a 4,000-room hotel-casino, four ... (read more)
Wynn Resorts reports earnings31 October 2007
LAS VEGAS, Nevada -- A year ago, the third-quarter earnings of Wynn Resorts Ltd. were somewhat skewed, reflecting just a month of results from the newly opened Wynn Macau and a $900 million influx from the sale of a lucrative subconcession to operate casinos in the Chinese enclave.
On Tuesday, the Las ... (read more)
A step closer to going mobile30 October 2007
LAS VEGAS, Nevada -- Some 20 months after Nevada casino regulators approved rules governing wagering on wireless hand-held gambling devices, mobile gaming remains an uncharted mystery.
But some of the questions may start finding answers in November.
Cantor G&W, an affiliate of New ... (read more)
Ameristar shares jump amid speculation23 October 2007
LAS VEGAS, Nevada -- A filing with the Securities and Exchange commission by the majority shareholder of Ameristar fueled speculation on Wall Street Monday that the Las Vegas-based casino operator is up for sale.
The estate of company founder Craig Neilsen, who died in November 2006, said Monday ... (read more)
Dubai World arm closes stock placement22 October 2007
DUBAI AND LAS VEGAS, Nevada -- The investment arm of the Persian Gulf state of Dubai now controls 4.8 percent of MGM Mirage.
A previously announced private placement of 14.2 million shares of MGM Mirage was completed Friday by a subsidiary of Dubai World. The total purchase price was $1.19 billion, or $84 ... (read more)
Government wants its slice of the action22 October 2007
LAS VEGAS, Nevada -- The Internal Revenue Service said Friday it will now require casinos and sponsors of poker tournaments to file paperwork when a player wins $5,000 or more.
Several Las Vegas casinos operators said they already handle business in the way the IRS is requiring.
Putting the rule into ... (read more)
Palazzo welcomes aboard new hires18 October 2007
LAS VEGAS, Nevada -- Sixty-four employees hired and 3,936 positions left to be filled.
Las Vegas Corp. staffed its first positions Wednesday at the $1.6 billion Palazzo, bringing 64 front desk personnel into the company's fold. With more than 55,000 applicants to choose from, Sands officials are confident the 3,068-room Strip hotel-casino will be fully staffed by its planned Dec. ... (read more)
Maryland governor sees slot solution to budget woes17 October 2007
MARYLAND -- Maryland's governor officially put his state on the radar screen for gaming expansion.
In calling for a special session of the legislature to deal with a $1.7 billion budget shortfall, Gov. Martin O'Malley wants lawmakers to legalize slot machines with the tax revenues used to reduce the ... (read more)
By Strip's bright lights, analyst watches casino companies tick15 October 2007
LAS VEGAS, Nevada AND NEW YORK -- When Bill Lerner was appointed lead gaming industry analyst for international investment house Deutsche Bank, he packed his spreadsheets, stock charts and financial information and headed 2,240 miles east of the company's New York headquarters to the bright lights of the ... (read more)
< Previous 10 Articles | Next 10 Articles > |