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Howard Stutz Gaming Guru - Page 301Progressive tries to deal table game business7 March 2007
LAS VEGAS, Nevada -- Casino equipment provider Progressive Gaming International said Monday it will try to sell its table game business to free up cash flow and pay down some notes that are coming due next year.
The Las Vegas-based company has asked Roth Capital Partners to assist in the ... (read more)
Progressive Gaming wants to sell table game business6 March 2007
LAS VEGAS -- Casino equipment provider Progressive Gaming International said Monday it will try to sell its table game business to free up cash flow and pay down some notes that are coming due next year.
The Las Vegas-based company has asked Roth Capital Partners to assist in the sale.
Progressive ... (read more)
Sahara buyer sees new life for old resort5 March 2007
LOS ANGELES AND LAS VEGAS, Nevada -- Los Angeles entrepreneur Sam Nazarian spent close to three years trying to strike the right casino deal in Las Vegas. But his interests kept returning to the aging Sahara.
Nazarian, founder and co-owner of SBE Entertainment Group, said Saturday that the Strip's ... (read more)
Group to carry on fight5 March 2007
NEW JERSEY AND MACAU -- An upstate New York-based citizens coalition that surfaced on the eve of last week's regulatory hearing into MGM Mirage's joint venture with a Chinese businesswoman in a Macau casino plans to continue its opposition to the relationship as the matter shifts to New ... (read more)
Sahara sold to California businessman5 March 2007
LAS VEGAS, Nevada -- A Hollywood movie producer, restaurateur and nightclub owner has bought the aging Moroccan-themed Sahara, the Review-Journal learned Friday night.
Sam Nazarian, through his Los Angeles-based SBE Entertainment Group, agreed to purchase the Sahara from the family of late casino ... (read more)
February fade for IGT, Sands drags down index3 March 2007
LAS VEGAS, Nevada -- The stock performance of two gaming companies cast a shadow over the sector in February.
The average daily stock prices of casino operator Las Vegas Sands Corp. and slot maker International Game Technology slipped in the month from January, an index compiled by Applied Analysis, a Las Vegas-based financial consultant shows. ... (read more)
No surprise: Pinnacle reports loss of $5 million for quarter3 March 2007
LAS VEGAS, Nevada -- In January, Pinnacle Entertainment warned investors that several factors would affect the company's fourth-quarter earnings.
So it wasn't a surprise Thursday when the Las Vegas-based casino operator reported a net loss of $5 million or 10 cents a share during the three-month period that ended Dec. ... (read more)
Harrah's to launch European World Series of Poker event28 February 2007
LAS VEGAS, Nevada -- Harrah's Entertainment announced Monday it was bringing the World Series of Poker to Europe, launching an inaugural 10-day, three-event tournament in September at the company's recently acquired London Clubs International casinos.
The competition will take place following the 38th World Series of Poker, which is scheduled for June and July at Rio. ... (read more)
Analysts say verdict could cripple Progressive28 February 2007
LAS VEGAS, Nevada -- Casino equipment provider Progressive Gaming International Corp., which found itself on the losing end of a judgment of more than $39 million in a decade-old antitrust violation lawsuit this month, is trying to put a positive spin on the situation.
But rival manufacturers and gaming ... (read more)
Gambling beyond Nevada: Partnership called suitable28 February 2007
NEVADA -- Nevada gaming regulators said Tuesday that MGM Mirage's 50-50 partnership with Chinese businesswoman Pansy Ho in an under-construction hotel-casino in Macau was suitable under the state's regulations covering investments outside the Silver State.
After a hearing that lasted more than five hours, ... (read more)
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