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Howard Stutz Gaming Guru - Page 308State gaming win: Casinos bailed out by locals12 December 2006
NEVADA -- For once, it wasn't all about the Strip.
Casinos along the famous boulevard saw October gaming revenues decrease for the second straight month in 2006, according to figures released Monday by the Gaming Control Board.
However, Nevada's statewide gaming win climbed slightly in October, thanks ... (read more)
Tavern regulars breathe easy8 December 2006
and Jennifer Robison
NEVADA -- The lunchtime crowd at Jerseys Bar and Grill had varying opinions on how their habits would change if Question 5, the anti-smoking initiative voters approved in November, is ever enacted.
All, however, supported a judge's ruling Thursday that delayed enforcement of the ... (read more)
Lawsuit on tip pooling at Wynn thrown out7 December 2006
LAS VEGAS, Nevada -- A District Court judge on Wednesday tossed out a lawsuit brought by two dealers from Wynn Las Vegas who sought to end the Strip casino's recently implemented and much debated tip pooling policy. Attorneys for the dealers said they plan to appeal the ruling to the Nevada Supreme ... (read more)
Sands to enter online gaming5 December 2006
ALDERNEY AND LAS VEGAS, Nevada -- Las Vegas Sands Corp. will venture into the world of online gambling through a partnership with fledgling wireless-gaming device provider Cantor Gaming.
The casino operator announced Monday it will offer its gaming property brands -- Venetian, Sands, Palazzo and Paiza -- to an online casino site targeted toward gamblers in the United Kingdom. ... (read more)
Mergers and acquisitions: Station founders bid to take company private5 December 2006
NEW YORK -- The news Monday that a partnership headed by the founders of Station Casinos and Los Angeles-based Colony Capital had offered to take the gambling company private in a $4.7 billion transaction brought renewed interest in the gaming industry as a target for private equity investors.
Some gaming ... (read more)
Analysts: Casino stock index reaches high1 December 2006
LAS VEGAS -- Outside forces, rather than performance, drove the average daily stock prices of three of the gaming industry's largest operators to double-digit increases during November.
A stock index compiled by Las Vegas-based financial consultant Applied Analysis that tracks the monthly performance ... (read more)
Analysts question Penn National's bid30 November 2006
LAS VEGAS -- Speculation abounded Wednesday on news that regional casino operator Penn National Gaming was making a play to buy gaming industry giant Harrah's Entertainment.
Or are they?
Financial television network CNBC, citing unnamed sources, first reported the interest on Tuesday. On Wednesday, ... (read more)
Casino shares rise on new bid27 November 2006
Billionaire Kirk Kerkorian, the majority shareholder in gaming giant MGM Mirage, took steps Wednesday to increase his controlling ownership stake in the company. Gaming analysts, however, did not believe the move was done to take the casino operator private.
The purchases were announced the same day ... (read more)
Gaming Industry: Rolling on the river27 November 2006
LAUGHLIN, Nevada -- Cherie Smeltzer, a Realtor from Helendale, Calif., has been coming to Laughlin at least four times a year for the past 15 years, always staying at the Flamingo.
So when Stratosphere owner American Casino and Entertainment Properties completed its purchase of the 16-year-old ... (read more)
Tribal casino tries to dip into Laughlin's customer base27 November 2006
LAUGHLIN, Nevada -- When Nevada's first American Indian-run casino opened here in 1995, it didn't draw much attention. The Fort Mohave Tribal Council built the Avi for just $47 million and its 25,000-square-foot casino wasn't considered competition to the corporate-owned properties near the Colorado ... (read more)
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