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Howard Stutz Gaming Guru - Page 310Bally, Aristocrat joining forces14 November 2006
Two slot machine manufacturers believe joining forces is a quicker way to bring the newest gambling technology to the casino floor.
Bally Technologies and Aristocrat Technologies said Monday they will unveil a prototype of a server-based gaming system that works with slot machines manufactured by both ... (read more)
NEVADA GAMING REVENUE: Bettors strike back10 November 2006
LAS VEGAS, Nevada -- Gamblers hit a lucky streak in September.
Table game players and sports bettors exited Nevada casinos with a little more money in their pockets as the state's monthly gaming win fell for only the second time in two years, according to figures released Thursday by the Gaming ... (read more)
Bally Technologies expecting loss for fiscal year10 November 2006
LAS VEGAS, Nevada – Bally Technologies, which has spent more than 16 months reviewing its financial reporting from the past few years, said Thursday it expects to report a net loss of between 55 cents and 65 cents a share for 2006.
The loss covers the 12-month period ended June 30.
The Las Vegas-based slot machine maker had previously restated its fiscal earnings for 2003 and 2005. ... (read more)
One of three gaming measures passes8 November 2006
Two of the three casino-related issues on ballots Tuesday were rejected by voters.
In Rhode Island, roughly two-thirds of the voters overwhelmingly rejected Question 1, a statewide ballot initiative that would have allowed Las Vegas-based Harrah's Entertainment to build a $1 billion hotel-casino outside ... (read more)
Earnings: Slot giant IGT soars again8 November 2006
RENO, Nevada -- Despite a year in which slot machine sales seemed almost nonexistent, industry giant International Game Technology prospered.
The Reno-based slot machine maker on Tuesday reported net income and earnings per share increases in both the fourth quarter and fiscal 2006. An 11 percent profit ... (read more)
Wynn Resorts boosted by subconcession sale8 November 2006
MACAU AND LAS VEGAS, Nevada -- The $900 million sale of a valuable subconcession in Macau saved the third quarter for Wynn Resorts Ltd.
The company, which operates Wynn Las Vegas and a recently opened casino in the Chinese enclave, said Tuesday that its net income for the three-month period ended Sept. ... (read more)
Sands to join condo market7 November 2006
LAS VEGAS, Nevada -- Las Vegas Sands Corp. is the latest player in the Strip's growing high-rise condominium market.
The casino operator will ask the Clark County Commission Wednesday for approval to construct a condominium tower on a portion of the land that will house the $1.8 billion Palazzo project at ... (read more)
MGM Mirage beats Street3 November 2006
LAS VEGAS, Nevada -- MGM Mirage wowed investors Thursday with third-quarter earnings that surpassed most expectations.
And company executives believe the results could foreshadow the future.
Fueled by its collection of upscale Strip casinos, MGM Mirage said the company's net income rose $156.3 million in the quarter ended Sept. ... (read more)
Lady Luck stays closed for now2 November 2006
LAS VEGAS, Nevada – (PRESS RELEASE) -- It will be at least another year before the shuttered Lady Luck in downtown is replaced, state gaming regulators were told Wednesday.
The 743-room hotel-casino closed in February and the facility's operator, Downtown Resorts, has spent much of the year ... (read more)
LV Sands sees earnings rise2 November 2006
LAS VEGAS, Nevada -- Las Vegas Sands Corp. credited strong table game play at its expanded casino in Macau with fueling a jump in the company's third-quarter earnings.
The casino operator, which owns The Venetian and is building the $1.8 billion Palazzo, said Wednesday it earned $97.3 million in the quarter that ended Sept. ... (read more)
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