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Howard Stutz Gaming Guru - Page 287Gaming revenue dips in Nevada during August11 October 2007
LAS VEGAS, Nevada -- Two days after the state teachers union floated a ballot initiative proposal calling for a 3 percent increase in Nevada's gaming tax, casino regulators said revenues earned by the state's gambling halls in August took a significant tumble.
The Gaming Control Board on Wednesday ... (read more)
MGM Mirage attention turns to Atlantic City's boardwalk11 October 2007
LAS VEGAS, Nevada -- With its development plans on the Strip well in hand, MGM Mirage focused attention Wednesday on Atlantic City.
The Las Vegas-based casino developer and operator announced plans for MGM Grand Atlantic City, a $4.5 billion to $5 billion resort development that would be the New ... (read more)
Run-up in MGM stock stalls Dubai plan9 October 2007
LAS VEGAS, Nevada -- The recent run-up in the stock price of MGM Mirage all but doomed an attempt by the investment arm of the Persian Gulf state of Dubai to acquire almost 10 percent of the Las Vegas casino operator.
Infinity World investments, a wholly owned subsidiary of Dubai World, said Tuesday ... (read more)
Shiny new fixture for the future2 October 2007
LAS VEGAS, Nevada -- After operating the MGM Grand Detroit for several years in a refurbished downtown building that once housed the Internal Revenue Service, MGM Mirage executives tired of calling the casino a temporary property.
"We started referring to it as our 'interim facility,' " MGM Mirage President Jim Murren said Monday. ... (read more)
'Apprentice' champion steps out of the tube, onto the Strip27 September 2007
LAS VEGAS, Nevada -- Stefanie Schaeffer is no longer the apprentice. She's the boss.
The Los Angeles attorney, who won a yearlong job in the spring working for New York billionaire Donald Trump through the reality television series "The Apprentice," recently took over as the head of sales and ... (read more)
LV Sands, Pinnacle seeking Kansas gaming license25 September 2007
LAS VEGAS, Nevada -- Las Vegas Sands Corp. and Las Vegas-based Pinnacle Entertainment on Monday became the first major casino operators to announce they would seek a gaming license in Kansas.
Both companies are bidding on a single gaming license that would place a casino in Wyandotte County in ... (read more)
Debit-slot plan gets no votes21 September 2007
NEVADA -- The Nevada Gaming Commission on Thursday unanimously rejected a concept of allowing casino customers to use their debit cards to buy ticket in-ticket out vouchers that can be gambled on slot machines.
The proposal, which had been requested through a partnership between Global Cash Access and ... (read more)
Ameristar closes deal for riverboat20 September 2007
LAS VEGAS, Nevada -- Las Vegas-based Ameristar Casinos officially entered its seventh gaming market, completing a $675 million acquisition of the Resorts East Chicago riverboat casino that is in Indiana, but caters to customers from lucrative Chicago.
The deal closed late Tuesday, five months after it was originally announced. ... (read more)
Progressive Gaming again delays sale of games unit18 September 2007
LAS VEGAS, Nevada -- For the third time in less than a month, Las Vegas-based Progressive Gaming International Corp. extended the timetable for completing the sale of its table games division to Shuffle Master.
Wall Street, however, is getting antsy.
Originally, the deal, in which Las Vegas-based ... (read more)
Murren moves up in MGM Mirage lineup17 September 2007
LAS VEGAS, Nevada -- Twice in 1997, Jim Murren turned down overtures from then MGM Grand Corp. President Alex Yemenidjian to become the expanding casino operator's chief financial officer.
But Yemenidjian was persistent. The company's board of directors wanted him to find a CFO and he targeted ... (read more)
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