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Howard Stutz Gaming Guru - Page 322Icahn Company to Take Over Flamingo Laughlin19 May 2006
LAS VEGAS, Nevada -- The Flamingo Laughlin was expected to change ownership this morning after the gaming arm of the Carl Icahn-controlled American Real Estate Partners received Nevada regulators' approval to operate the Colorado River community's largest casino.
The Nevada Gaming Commission took ... (read more)
Herbst Gaming to Buy Sands Regent18 May 2006
Las Vegas-based Herbst Gaming pushed into Northern Nevada's casino market Wednesday, agreeing to a $148 million purchase of Sands Regent, which operates four casinos including the Sands Regency in Reno.
The transaction, in which privately held Herbst Gaming would buy the outstanding shares of ... (read more)
Mergers and Acquisitions: Ante for Aztar Upped Again17 May 2006
The end of the bidding war for Aztar may finally have arrived.
Kentucky-based Columbia Sussex Corp. topped its previous bid by $1 a share late Monday and Aztar Corp. declared the $54 a share offer superior to the company's signed merger agreement with Pinnacle Entertainment.
The $2.97 billion all-cash ... (read more)
Pinnacle Advised to Halt Aztar Bidding12 May 2006
LAS VEGAS, Nevada -- Investors and Wall Street analysts had a message Thursday for the management of Las Vegas-based Pinnacle Entertainment.
Get out of the bidding for Aztar Corp.
After rival gaming company Columbia Sussex Corp. raised the ante for ownership of the Tropicana casinos in Las Vegas and ... (read more)
Pinnacle Chairman Says Aztar Used 'Sleazy' Negotiating Tactics12 May 2006
LAS VEGAS, Nevada -- Shareholders attending Pinnacle Entertainment's annual meeting Wednesday didn't have much to say about the company's proposed $2.58 billion buyout of Aztar Corp.
But company Chairman Dan Lee did.
Lee told shareholders that Aztar's advisers acted in a "sleazy" manner as the price ... (read more)
Biloxi Mayor Says Casinos Will Again Revitalize Region12 May 2006
BILOXI, Mississippi -- Mayor A.J. Holloway watched during his first 12 years in office as a booming Gulf Coast casino industry fueled his city's economic prosperity.
Holloway told the opening session of the Global Gaming Exposition Institute on Wednesday at Red Rock Resort that casinos will once again ... (read more)
State Economy: Gaming Win Tops $1 Billion10 May 2006
LAS VEGAS, Nevada -- Another month, another $1 billion won by Nevada casinos.
And it doesn't appear there will be any slowdown.
For the third straight month in 2006 and the seventh time in the past 12 months, Nevada casinos topped the $1 billion mark in monthly gaming win, according to ... (read more)
Survey: Gamblers Seek Action on Internet9 May 2006
The estimated number of people gambling online doubled in 2005 over the previous year, and 70 percent of all Internet gamblers only started playing in the past two years, a new survey shows.
The survey by the American Gaming Association's research arm buttresses the association's recent call for a ... (read more)
As Dust Settles, Pinnacle declines9 May 2006
LAS VEGAS, Nevada -- Investors reacted exactly as gaming analysts predicted Monday after having a weekend to comprehend the fallout from Pinnacle Entertainment's increased cost to buy the Tropicana's parent company.
Shares of Pinnacle, a Las Vegas-based regional casino operator, fell more than 5 percent ... (read more)
Deals on the Strip: Pinnacle Sweetens Bid for Aztar8 May 2006
LAS VEGAS, Nevada -- Las Vegas-based Pinnacle Entertainment agreed late Friday to increase its price to buy Tropicana parent Aztar Corp., raising the cost of the deal to $2.58 billion.
Pinnacle, a regional casino operator without a property in Las Vegas, amended its signed merger agreement with Aztar for ... (read more)
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