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Howard Stutz Gaming Guru - Page 293Marketplace: Always a step11 June 2007
LAS VEGAS, Nevada -- At an age when his contemporaries either have retired, gone bust or passed on, billionaire financier Kirk Kerkorian is still refining the art of the deal.
The Los Angeles-based investor and majority shareholder in MGM Mirage quietly turned 90 Wednesday. The word retirement, however, ... (read more)
Wynn orders Macao delays8 June 2007
LAS VEGAS, Nevada -- Wynn Resorts Ltd. said Thursday it was delaying a portion of its expansion plans in Macau because of recent travel restrictions by the Chinese government and the scheduled openings of two large competitors later this year.
The $1.2 billion Wynn Macau, a scaled-down version of ... (read more)
Action keeps Lake Las Vegas casino open7 June 2007
LAS VEGAS, Nevada -- Casino MonteLago in upscale Lake Las Vegas would seem the least-likely candidate to be closed for financial reasons, but Nevada gaming regulators had to act quickly Wednesday to the keep the small gambling site open.
Both the Gaming Control Board and Nevada Gaming Commission, ... (read more)
Shuffle Master shakes off restatement, reverses loss7 June 2007
LAS VEGAS, Nevada -- Shuffle Master proclaimed itself financially healthy Wednesday, more than three months after an internal accounting error caused an earnings restatement in the previous quarter.
The Las Vegas-based gaming equipment supplier said it had a net income of $3.4 million, or 10 cents ... (read more)
A revenue source in plains sight4 June 2007
KANSAS -- Gaming analysts believe four proposed casinos in Kansas could provide operators with a steady flow of gaming revenue although the potential figures won't be a trip down the Yellow Brick Road.
Kansas lawmakers, tired of seeing residents flock across the border to wager away potential tax dollars ... (read more)
Contract deadline passes; workers shrug4 June 2007
LAS VEGAS, Nevada -- Terry Getler, a bellman at the MGM Grand since the property's opening in 1993, isn't disappointed a new collective bargaining agreement has yet to be reached between the hotel and the Culinary Workers Union Local 226 despite more than three months of negotiations.
He expected ... (read more)
Do the series shuffle4 June 2007
LAS VEGAS, Nevada -- Quietly, Harrah's Entertainment officials don't expect the 38th World Series of Poker to attract the record-shattering number of players reached a year ago.
But that's not necessarily a bad thing, said Jeffrey Pollack, a Harrah's vice president who serves as the poker ... (read more)
Gold ready as WSOP starts1 June 2007
Jamie Gold says he's now ready to concentrate on becoming a better poker player.
That comment might seem like an odd statement coming from the defending world poker champion who collected a record prize of $12 million by winning the main event in last year's World Series of Poker.
"Over the ... (read more)
Casino giants lengthen collective agreements with union1 June 2007
LAS VEGAS, Nevada -- MGM Mirage became the first casino operator to extend its collective bargaining agreement with the state's largest labor union beyond last night's expiration date.
Harrah's Entertainment officials confirmed later Thursday that it had also agreed to a contract ... (read more)
Index of gaming stocks slide in May1 June 2007
LAS VEGAS, Nevada -- MGM Mirage's one-day stock surge wasn't enough to boost the gaming sector during May.
The company's average daily stock price in the month, along with those of Las Vegas Sands Corp., Wynn Resorts Ltd. and Boyd Gaming Corp., fell when compared with April, an index compiled by Las ... (read more)
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