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Howard Stutz Gaming Guru - Page 325Starting With a Sting19 April 2006
Growing up in Las Vegas, the Fertitta brothers remember casino openings as grandiose events.
On Tuesday night, when Station Casinos unveiled its $925 million Red Rock Resort, the Fertittas didn't want to disappoint their 3,800 special guests.
Highlighted by a six-minute fireworks display above the ... (read more)
Off The Strip: Rock Stars18 April 2006
Touring the $925 million Red Rock Resort last week, retired casino owner Frank Fertitta Jr. was stopped by an employee. Kathy Patterson dashed out of a slot department meeting when she spotted the 67-year-old Fertitta, for whom she worked in the 1980s when he owned the Bingo Palace, the small precursor ... (read more)
Poker Legend Pearson Dies After Long Illness18 April 2006
LAS VEGAS, Nevada -- If poker's current popularity had been around when Puggy Pearson ruled the Las Vegas card rooms some 30 years ago, he might have become an even larger poker legend.
"He would have been the biggest name and the biggest poker star out there along with Amarillo Slim and Doyle (Brunson)," 1989 World Series of Poker champion Phil Hellmuth said Friday. ... (read more)
New Slots Put to the Test18 April 2006
SAN DIEGO, California -- To customers at Barona Valley Ranch, the slots in a 20-machine bank don't appear to be much different than any of the casino's 1,980 other games.
But for officials of the East San Diego County American Indian casino and gambling equipment maker International Game Technology, ... (read more)
Harrah's, Pinnacle Swap Riverboat Casinos18 April 2006
MISSISSIPPI AND LOUISIANA -- Harrah's Entertainment and Pinnacle Entertainment agreed Monday to a swap of hurricane-damaged riverboat casino properties. Harrah's will acquire the Casino Magic in Biloxi, Miss.; Pinnacle picked up side-by-side floating casinos in Lake Charles, La.
The Las Vegas-based companies signed a nonbinding letter of intent. ... (read more)
More Interest in Tropicana Owner: Columbia Sussex Bids for Aztar18 April 2006
KENTUCKY AND PHOENIX -- The monthlong courtship of Aztar Corp. has gained a fourth suitor.
Kentucky-based Columbia Sussex Corp., which operates four Nevada casinos, on Monday bid $2.47 billion for the Phoenix-based owner of the Tropicana, trumping the offers of three other casino companies: Pinnacle ... (read more)
Station Buys Back Shares12 April 2006
Station Casinos announced Tuesday it had repurchased $232 million of its
common stock as part of an accelerated share buyback program that the
company initiated in February. The announcement came a week before Station
opens Red Rock Resort, its most ambitious resort project to date.
In all, ... (read more)
Gaming Revenue: Super February for State Casinos11 April 2006
The last few days of Chinese New Year and a raucous Super Bowl weekend
gave Nevada casinos their highest February gaming revenue total ever and
the second straight month that resorts collectively won more than $1
billion from customers.
February's statewide gaming revenue, released Monday by the ... (read more)
$2.25 Billion Bid is Third Buyout Proposal for Owner of Tropicana4 April 2006
An aging lady that couldn't get a date for more than a year now has a full
dance card.
Las Vegas-based Ameristar Casinos on Monday became the third gaming
company submitting a proposal to acquire Aztar Corp., bidding $42 a share,
or $2.25 billion, for the owner of the timeworn Tropicana.
... (read more)
Offers For Aztar Just Not Enough3 April 2006
Gaming observers said Friday they believe Las Vegas-based Pinnacle Entertainment will have to increase its $2.1 billion offer to buy Aztar Corp., or settle for about $55 million in compensation to walk away from the deal and potential ownership of the Tropicana.
Pinnacle's signed deal of $38 a ... (read more)
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