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Howard Stutz Gaming Guru - Page 326Gaming Stocks Continue Up; Some Surpass All-Time Highs3 April 2006
LAS VEGAS, Nevada -- Gaming stocks continued their upward trend in March, with some companies surpassing or nearing all-time high price levels.
Las Vegas-based Applied Analysis, a financial consulting firm that tracks nine major gaming companies for an industry index, said healthy fundamentals within the ... (read more)
$2.6 Million Poker Room to Open at The Venetian3 April 2006
The Venetian's third attempt at operating a poker room might be the charm -- but also the most expensive.
The Strip casino joins the realm of Las Vegas resorts adding space for poker players Sunday when it unveils an 11,000-square-foot poker room near the race and sports book.
When The ... (read more)
Slot Game Makers Bet on Technology31 March 2006
LAS VEGAS -- Slot machines based on "Wheel of Fortune" and "Men in Black" are apparently going to be around for awhile.
A recent survey of slot floor managers by a Wall Street investment house shows casinos are reluctant to replace and update gaming machines that aren't more than a few years ... (read more)
Billions Urged for Casinos in Singapore31 March 2006
SINGAPORE -- Singapore's first casino could become one of the most expensive gaming projects ever constructed, based on statements released Thursday by two of the four companies competing to build a resort complex on a 50-acre waterfront location near the financial district.
Las Vegas Sands Corp. ... (read more)
Talks Get Riv Revved Anew27 March 2006
Two weeks after Riviera Holdings Corp. broke off negotiations with an
investment group that had already spent $15 million to buy 1 million
shares of the company's stock, acquisition talks resumed this week that
could lead to the sale of the aging Riviera and its 26 acres of valuable
Strip ... (read more)
Nevada Gaming Commission: Wireless OK, But Which Way?24 March 2006
Rules governing the use of wireless hand-held gaming devices in casinos, after laboring for two years of through the state's legislative and regulatory processes, were adopted Thursday by the Nevada Gaming Commission.
But what form the technology will take is still to be determined.
Conceivably, the ... (read more)
TV Poker Tournament May Need License24 March 2006
and David Mcgrath Schwartz
LAS VEGAS -- A Gaming Control Board member said that a television network's plan to hold a weekly poker tournament in downtown's Neonopolis could need a gaming license, a requirement that would kill the project.
Gaming Control Board Member Mark Clayton said Thursday that ... (read more)
Shuffle Master Shares Up23 March 2006
LAS VEGAS -- Shares of Shuffle Master soared Tuesday, one day after company executives said the gaming equipment provider's earnings per share would grow 25 percent annually over the next few years.
Las Vegas-based Shuffle Master jumped $5.82, or 22.19 percent to close at $32.05 on the Nasdaq National Market. ... (read more)
Louisiana Casino Revenue Jumps22 March 2006
LOUISIANA -- Even with Harrah's New Orleans contributing just 13 days of revenue to the total, Louisiana casinos continued to rebound from a hurricane-affected fall, posting a 13 percent increase in gaming win in February.
During the month, Louisiana casinos took in $214.8 million from gamblers, the state's Gaming Control Board reported Tuesday. ... (read more)
Smaller Grand Casino in Biloxi Planned22 March 2006
MISSISSIPPI -- Harrah's Entertainment will reopen a smaller version of the Grand Casino in Biloxi, Miss., this summer as the company plans to reconfigure the Mississippi Gulf Coast site into a destination resort, officials said Tuesday.
Harrah's didn't disclose a cost to redevelop its existing ... (read more)
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