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Howard Stutz Gaming Guru - Page 296MGM Mirage exec takes swipe at NBA4 May 2007
LAS VEGAS, Nevada – MGM Mirage executives used the company's Thursday morning quarterly earnings conference call to deliver a broadside on Las Vegas' hosting of the NBA All-Star Game in February.
MGM Mirage Chairman Terry Lanni said fans attending the game and subsequent All-Star related events did little gambling during the four-day weekend, Feb. ... (read more)
MGM exec not concerned about getting N.J. approval4 May 2007
LAS VEGAS, Nevada -- MGM Mirage Chairman Terry Lanni is confident his company's joint venture in Macau with a controversial Chinese businesswoman will be approved by New Jersey gaming authorities, even though one Wall Street analyst believes the casino operator will dump its vast Atlantic City real ... (read more)
Expenses drag down LV Sands earnings3 May 2007
LAS VEGAS, Nevada – Preopening expenses surrounding $7.6 billion in resort projects on the Strip, in Macau and Singapore took a toll on Las Vegas Sands Corp.'s quarterly earnings.
The company said Wednesday its first-quarter profit fell 25 percent in the three-month period ended March 31 because of ... (read more)
Laughlin casino sales approved3 May 2007
LAS VEGAS, Nevada -- Anthony Marnell III started out small in getting back into the casino operating business. Purchasing two of Laughlin's largest casinos, he figured, was the logical next step for his management team.
"The Gaming Control Board gave Marnell and the investment group he heads ... (read more)
Union negotiations: Culinary contracts expiring2 May 2007
LAS VEGAS, Nevada -- With one month to go before contracts covering 50,000 hotel and restaurant service employees represented by Culinary Workers Local 226 expire, Harrah's Las Vegas cocktail waitress Tina DeValle is nervous.
As a member of the Culinary's employee committee that is negotiating a new ... (read more)
Colorado property fuels first-quarter profit rise for Ameristar2 May 2007
COLORADO -- Ameristar Casinos said Tuesday it was on a Rocky Mountain high during the recently ended first quarter.
Fueled by results from its casino outside Denver, Ameristar reported a net income of $24 million, or 41 cents per share in the quarter ended March 31. Analysts polled by Thomson First Call ... (read more)
Server-based gaming is wave of slot future30 April 2007
Despite nearly a half-decade of development and millions of dollars invested in research and testing, slot machine manufacturers are still a few years away from bringing server-based gaming -- often referred to as downloadable technology -- to casino floors.
Wall Street has viewed the technology, which ... (read more)
Dot-coms get dealt out30 April 2007
LAS VEGAS, Nevada -- Losing a block of your largest exhibitors might spell doom for most trade shows.
Officials with the Gaming Life Expo, operated in conjunction with Harrah's Entertainment-owned World Series of Poker, believe otherwise.
With most of the major Internet poker gambling sites not welcome ... (read more)
Boyd sluggish without Strip presence27 April 2007
LAS VEGAS, Nevada -- While it spends much of the next three years building the $4.4 billion Echelon on the former Stardust site, Boyd Gaming Corp. will rely on its Las Vegas locals properties and the Borgata in Atlantic City to carry the bulk of the company's revenue stream.
The announcement of the ... (read more)
MGM Mirage to invest $160 million in M Resort27 April 2007
LAS VEGAS, Nevada -- MGM Mirage announced Thursday it was investing in the proposed $700 million M Resort that is being developed on the far southern end of Las Vegas Boulevard by Anthony Marnell III, the son of casino building pioneer Tony Marnell.
The casino giant, which operates 10 Strip resorts ... (read more)
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