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Howard Stutz Gaming Guru - Page 318Pinnacle's Quarterly Earnings Soar2 August 2006
Pinnacle Entertainment on Tuesday announced a large gain in second-quarter earnings compared to a year ago due to prosperous times at its New Orleans casino and three full months of results from its year-old casino in Lake Charles, La.
A net payment of $44.8 million from Aztar Corp. to cover the ... (read more)
Riviera Officials Touting Buyout31 July 2006
LAS VEGAS -- Riviera Holdings executives lobbied shareholders to vote in favor of the company's proposed $426.5 million buyout Friday, using its quarterly conference call to dismiss any rumors about additional offers for the parent of the Riviera.
With two major shareholders publicly saying they ... (read more)
EARNINGS: Harrah's is Off the Mark28 July 2006
LAS VEGAS -- Harrah's Entertainment has realized that building a worldwide casino operation is going to play havoc on earnings.
The gaming industry's largest casino operator said Thursday its second-quarter earnings were affected by development costs and other factors related to growing a company ... (read more)
It's Called No-Limit For a Reason28 July 2006
LAS VEGAS -- When poker's ultimate champion is crowned on Aug. 10, the 2006 version of the World Series of Poker will have broken every conceivable record since the tournament was developed 37 years ago in a smoky downtown poker room at Binion's Horseshoe.
In the following months, Jeffrey ... (read more)
EARNINGS: Ameristar Cites More Competition27 July 2006
LAS VEGAS, Nevada -- Las Vegas-based Ameristar Casinos faced increased competition in several of its regional gaming markets during the recently completed second quarter, but the company was still able on Wednesday to report increases in revenues, net income and earnings per share.
Company Chairman ... (read more)
Station's Earnings Slump26 July 2006
LAS VEGAS, Nevada -- Station Casinos said Tuesday that expenses from maintaining its real estate holdings, an ongoing stock repurchase program, American Indian gaming opportunities, and ongoing projects dragged down earnings in the second quarter.
Despite a 25 percent jump in net revenue, the Las ... (read more)
Sands Corp. Suing Sun Over 'Mean-Spirited' Column25 July 2006
Las Vegas Sands Corp. has sued the Las Vegas Sun, Publisher Barbara Greenspun and its business editor, claiming the company was libeled by a column that handicapped the recent bidding for a casino license in Singapore.
The April 2 column, authored by Sun Business Editor Jeff Simpson, ranked Las Vegas ... (read more)
World Series of Poker: Rivers Run Through It24 July 2006
LAS VEGAS, Nevada -- Harrah's Entertainment Chairman Gary Loveman views the World Series of Poker much as he views one of the casino company's hotel operations.
It's all about the brand.
For Harrah's, the gaming industry's largest operator, it's three-year ownership of poker's iconic event has ... (read more)
IGT Records Higher Earnings21 July 2006
RENO, Nevada -- A slight increase in slot machine sales revenue during what analysts have considered a challenging market helped Reno-based International Game Technology grow earnings during the company's third quarter.
The gaming industry's largest slot maker said Thursday that its product sales ... (read more)
WPT Hit with Lawsuit20 July 2006
LOS ANGELES, California – A New York-based law firm hopes to turn a group of professional poker players into the Curt Flood of their sport.
An antitrust lawsuit was filed Wednesday in federal court in Los Angeles against the operator of cable television's World Poker Tour, asking that producers no ... (read more)
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