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Howard Stutz Gaming Guru - Page 315Cost of Aliante Station Jumps to $600 Million21 September 2006
LAS VEGAS -- Station Casinos has increased the budget for the company's next scheduled resort, citing the rising costs of construction and a desire to build a bigger hotel-casino.
Station Casinos Chief Financial Officer Glenn Christenson said Wednesday that Aliante Station in North Las Vegas will cost $600 million. ... (read more)
Gulf Revenue Slips, But Relief is in Sight20 September 2006
MISSISSIPPI AND LOUISIANA -- Mississippi's Gulf Coast casino industry saw its reported gaming revenues for August decline for the 12th straight month as the area recovers from the impact of Hurricane Katrina. But analysts said Tuesday that help has arrived.
Eight Gulf Coast casinos in Biloxi and Bay St. ... (read more)
Wynn Dealers' Complaints Rejected14 September 2006
NEVADA -- Nevada's labor commissioner Wednesday rejected complaints filed by more than 100 dealers over Wynn Las Vegas' new tip pooling policy, saying the program where tips are now shared between dealers and supervisors is legal.
"Based on what we've seen, Wynn Resorts is not violating state law ... (read more)
Gaming Industry: Casinos Back to Winning Ways13 September 2006
LAS VEGAS, Nevada -- After statewide gaming revenue decreased in June, the first time in more than two years that Nevada casinos had a down month, analysts were braced for a similar result when July's numbers were released Tuesday.
The bad news, however, never materialized.
Fueled by the Strip's ... (read more)
Shuffle Master Posts Loss8 September 2006
LAS VEGAS -- For the second straight quarter the cost of acquiring an Australian slot maker sent gaming equipment provider Shuffle Master to a quarterly loss, even though the Las Vegas-based company's revenues grew almost 50 percent.
"We posted solid operating results and we've made tremendous ... (read more)
Fortunet Gets Preliminary Approval8 September 2006
NEVADA -- State gaming regulators granted a third casino-equipment manufacturer tentative approval Thursday to operate wireless hand-held gambling devices in Nevada.
But Gaming Control Board Chairman Dennis Neilander thought it would be six months at the earliest before the devices could find their ... (read more)
Pinnacle Buys, Will Close Sands Atlantic City6 September 2006
Las Vegas-based Pinnacle Entertainment found entry into the Atlantic City casino market Tuesday, agreeing to buy the aging Sands and an adjacent 7.7-acre parcel for $270 million.
Pinnacle said it would shut down the Sands, one of the Boardwalk's oldest gambling halls, 70 days after the transaction closes, demolishing the 600-room hotel and small casino. ... (read more)
Bally Gets Patent, Sues IGT6 September 2006
LAS VEGAS, Nevada -- Bally Technologies was awarded a patent Tuesday morning by the United States Patent and Trademark Office covering the use of spinning wheel indicators on its slot machine bonus systems.
The Las Vegas game maker then promptly turned around and filed a federal lawsuit against rival slot ... (read more)
Recovering From Katrina: Back to Business in Biloxi5 September 2006
BILOXI, Mississippi -- Hung Vu never considered himself a construction worker, but a year away from his job as a blackjack dealer at Beau Rivage made the Vietnamese immigrant pretty good with a hammer and nails.
Vu, who honed his dealing skills on the Atlantic City Boardwalk and brought them to ... (read more)
The Big Easy Gets a Big Boost from Return of Casinos, Gamblers5 September 2006
NEW ORLEANS, Louisiana -- At Johnny White's Sports Bar, a dingy French Quarter saloon at the corner of Bourbon Street and Orleans Avenue, bartender Peter Gregory is convinced that casinos, especially Harrah's New Orleans, are helping the city recover from the aftermath of Hurricane Katrina.
Money ... (read more)
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