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Howard Stutz Gaming Guru - Page 295Progressive Gaming International posts quarterly loss15 May 2007
Casino equipment supplier Progressive Gaming International Corp. on Monday reported a net loss in the first three months of 2007.
Progressive executives, however, said sales of management systems that will be recorded in the next quarter could help steer the company toward profitability.
For ... (read more)
CASINO INDUSTRY: Wynn to deal with dealers15 May 2007
LAS VEGAS, Nevada -- One day after a vast majority of its casino dealing force cast ballots in favor of union representation, Wynn Las Vegas executives seemed resigned to negotiating a collective bargaining agreement with the New York-based labor organization that will speak for the workers.
The ... (read more)
Wynn dealers vote on union14 May 2007
LAS VEGAS, Nevada -- Nearly 700 casino dealers at Wynn Las Vegas are expected to participate in a vote today and early Sunday morning to determine if the employees will be represented under a collective bargaining agreement by the Transport Workers Union of America.
The election culminates nearly ... (read more)
MGM Mirage goes far and wide14 May 2007
LAS VEGAS, Nevada -- MGM Mirage is taking an all-inclusive approach to expansion.
In the past 12 months the Las Vegas-based casino corporation has signed agreements with a varied range of joint-venture partners -- from startup casino operators to foreign governments. The efforts serve two purposes: ... (read more)
Casino industry: Dealers at Wynn resort ratify union14 May 2007
LAS VEGAS, Nevada -- Casino dealers at Wynn Las Vegas voted by an almost a 3-1 margin in favor of union representation despite an impassioned eleventh hour hour plea by company Chairman Steve Wynn, who told his workers on the eve of the election it had been a mistake to implement a controversial change ... (read more)
Las Vegas casinos suffer drop in March11 May 2007
LAS VEGAS, Nevada -- Timing issues aside, March was a challenging month for Nevada's casinos.
With a vast portion of the slot machine revenue generated at the end of the month falling into April's totals, state casinos reported an overall gaming win of $1.054 billion in March, a decrease of less than ... (read more)
Smoking ban hard on Herbst10 May 2007
LAS VEGAS, Nevada -- Tougher new laws outlawing smoking in grocery stores, convenience stores, restaurants and taverns are squeezing earnings for Herbst Gaming, which operates 7,200 slot machines in those locations, the company said Wednesday.
Herbst Gaming, one of Nevada's largest slot route ... (read more)
Pinnacle halts Indiana project9 May 2007
INDIANA -- Plans by Indiana lawmakers to install slot machines at two racetracks near Indianapolis didn't sit well with Las Vegas-based Pinnacle Entertainment.
The casino operator announced Tuesday during its first-quarter earnings report it was indefinitely postponing construction of a $45 million, 250-room hotel expansion at its Belterra casino due to the increased competition. ... (read more)
Macau success lifts Wynn Resorts' quarter8 May 2007
LAS VEGAS, Nevada -- Although quarterly earnings for Wynn Resorts Ltd. reversed a year-earlier loss, company Chairman Steve Wynn lectured investors Monday on how Las Vegas history might be used to carefully judge the growth of gambling in Macau.
Booming business at Wynn Las Vegas and Wynn Macau ... (read more)
Investors punish Sands stock4 May 2007
LAS VEGAS, Nevada -- A day after Las Vegas Sands Corp. executives told Wall Street the company's quarterly profit took a hit because of the myriad costs related to the company's construction projects in Las Vegas and Asia, investors answered back.
It wasn't a response the casino operator wanted to ... (read more)
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