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Howard Stutz Gaming Guru - Page 292Rate of growth slowed for tribal gaming in 200628 June 2007
UNITED STATES -- American Indian casinos generated a record $25.5 billion in gaming revenue during 2006, but the year-over-year percentage increase was the lowest in nearly two decades since Congress enacted the law that legalized gambling on tribal land.
The annual Indian Gaming Industry Report, ... (read more)
Marketplace: Casino hiring scramble starts25 June 2007
LAS VEGAS, Nevada -- The Palazzo is getting a jump on its competition in what some gaming analysts believe could be an all-out battle for casino employees.
An employment center for the $1.8 billion resort opens this morning as Las Vegas Sands Corp. begins the process of hiring some 4,000 workers for ... (read more)
World Series of Poker 2007: Your ad here25 June 2007
LAS VEGAS, Nevada -- If poker player Robert Williamson has the look of a NASCAR driver, then the World Series of Poker tournament room inside the Rio's convention center resembles the Daytona Motor Speedway.
Williamson, who has career winnings of more than $1 million in the World Series of Poker, has sold space on his clothing to sponsors during this year's tournament. ... (read more)
GAMING COMPANIES: MGM shares take a wild ride21 June 2007
LAS VEGAS, Nevada -- Investors weren't sure how to handle MGM Mirage on Wednesday.
Two announcements a half-hour apart played havoc with the company's stock price, but also signaled a significant development move on land MGM Mirage recently acquired on the Strip's northern end.
Early in the ... (read more)
Strip development: Echelon gets off to cool start20 June 2007
LAS VEGAS, Nevada -- A decade ago, Boyd Gaming Corp. executives put aside plans to redevelop the company's Strip land holdings in favor of moving forward on an opportunity to build a hotel-casino in Atlantic City.
On Tuesday, the Strip became the company's foremost priority.
Boyd Gaming unveiled ... (read more)
Tentative labour agreement: Harrah's, union sign deal18 June 2007
LAS VEGAS, Nevada -- After a marathon negotiating session, Harrah's Entertainment early Friday became the first casino operator to reach a tentative accord on a new collective bargaining agreement with the state's largest labor union.
Terms and details of the new contract, which covers some 15,000 workers ... (read more)
Private equity firms snap up Penn National18 June 2007
LAS VEGAS, Nevada -- Casino operator Penn National Gaming became the latest target in private equity's fascination with the gambling industry, agreeing Friday to a buyout valued at close to $9 billion.
The deal, which is subject to approvals by Penn National's stockholders and gaming regulators in ... (read more)
Venetian Macau will open on Aug. 2814 June 2007
LAS VEGAS, Nevada -- The $2.4 billion Venetian Macau, the Chinese gaming enclave's largest hotel-casino, will open Aug. 28 after a more than two-year building process, Las Vegas Sands Corp. said Wednesday.
The Venetian Macau, located in the Cotai Strip area about 10 minutes south of downtown ... (read more)
New Frontier owners to seek funding; hotel to close July 1513 June 2007
LAS VEGAS, Nevada -- The New York-based private-ownership group buying the New Frontier's 34.5-acre Strip location is expected to seek financing from Israel's largest investment company for up to $8 billion to redevelop the site.
Meanwhile, a spokeswoman for the New Frontier said Tuesday the ... (read more)
'Poker brat' alone at the top13 June 2007
LAS VEGAS, Nevada -- The prize money Phil Hellmuth collected Tuesday after winning his record 11th World Series of Poker championship nearly equaled the paycheck he earned in 1989 when he captured his first title.
In between crowns, however, Hellmuth has become one of poker's most recognizable ... (read more)
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