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Howard Stutz Gaming Guru - Page 33Wynn Resorts wants a woman on board, just not Elaine31 March 2015
LAS VEGAS -- Wynn Resorts, Limited reiterated its position Monday that it will have at least one woman on the company’s board by the end of the year — preferably not ousted board member Elaine Wynn. Meanwhile, one gaming analyst suggested Wynn stockholders not vote in favor of the proxy fight Elaine Wynn is waging to regain that seat. ... (read more)
Stratosphere parent grows revenue, reverses net loss30 March 2015
LAS VEGAS -- The operator of the Stratosphere Casino Hotel and Tower and the two Arizona Charlie’s properties reversed a net loss and grew revenue in the fourth quarter. American Casino & Entertainment Properties, LLC said Thursday its net income of $200,000 for the quarter that ended Dec. 31 reversed a net loss of $2.8 million for the same period a year ago. ... (read more)
Affinity Gaming increases revenue, cash flow in final quarter of 201430 March 2015
LAS VEGAS -- Casino operator Affinity Gaming ended 2014 on a positive note, growing both revenue and cash flow for the three-month period that ended Dec. 31. The Las Vegas-based company said Friday its net revenue for the fourth quarter was $92.3 million, a 2.6 percent increase over the 2013 fourth quarter. ... (read more)
Cosmopolitan of Las Vegas sees casino revenue rise in latest quarter30 March 2015
LAS VEGAS -- In its final quarter under the ownership of Deutsche Bank, The Cosmopolitan of Las Vegas grew net revenue 13.2 percent, which included a nearly 31 percent increase in casino revenue. The hotel-casino, which was sold to a division of the Blackstone Group at the end of December for $1.73 billion, said the Strip resort had $86.3 million in net revenue during the quarter that ended Dec. ... (read more)
Inside Gaming: Optimistic CEO Dan Lee sees opportunities for Full House that are invisible to others30 March 2015
LAS VEGAS -- On his first quarterly earnings conference call as CEO of Full House Resorts, Inc., Dan Lee compared himself to the little boy who came downstairs one Christmas morning hoping to find a pony. Instead, he discovers a giant pile of horse manure next to the tree. But the little boy, Lee said, was still optimistic. ... (read more)
Report: Indian gaming revenue hits record $28.3 billion in 201330 March 2015
The nation’s Indian gaming industry grew revenue for the fourth consecutive year in 2013, although the less than 1 percent uptick was the lowest jump since the recession and far below the double-digit annual increases that became commonplace a decade ago. California’s tribal gaming market — the nation’s ... (read more)
Caesars official says company can't fund some pension payouts27 March 2015
LAS VEGAS -- Caesars Entertainment Corporation General Counsel Tim Donovan said Thursday that the company asked its bankruptcy lawyers about finding a way to make pension payments to 63 former employees whose checks were halted in the reorganization of its largest operating division, but the idea was rejected. ... (read more)
Culinary, Bartenders unions say tentative deal reached with MGM Grand27 March 2015
LAS VEGAS -- The Culinary and Bartenders unions said Thursday a tentative contract agreement covering 4,000 workers at the MGM Grand Las Vegas had been reached with the Strip resort. The four-year contract, which covers porters, bellmen, guest room attendants, cocktail servers, bartenders, food servers, cooks and other hospitality positions, still needs to be ratified by employees. ... (read more)
Nevada, Delaware launch online poker network26 March 2015
LAS VEGAS -- Nevada and Delaware formally launched their online poker network Wednesday, connecting players between the two states. A Multi-State Poker Network was agreed upon in February 2014 by the states’ two governors in which players from Nevada and Delaware could share poker tables and tournaments. ... (read more)
Elaine Wynn defends fight to retain board seat26 March 2015
LAS VEGAS -- Elaine Wynn was asked why she undertook a costly and nasty proxy fight to regain her seat on the Wynn Resorts, Limited board of directors. Instead of answering directly, she refocused the question. “Maybe that’s something you should ask the company,” Wynn, 72, said Wednesday in a telephone interview from New York with the Las Vegas Review-Journal. ... (read more)
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