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Howard Stutz Gaming Guru - Page 338Alliance Risking Default on Loans12 September 2005
Las Vegas-based slot machine manufacturer Alliance Gaming is in danger of defaulting on its loan agreements if the company continues to delay filing its fiscal year financial report, management disclosed Friday.
Since early August, Alliance has thrice delayed announcing year-end and fourth-quarter ... (read more)
Global Gaming Expo Kicks Off12 September 2005
Unlike past gaming industry trade shows, when slot machines themed after pop culture icons, 1960s and 1970s television shows, and blockbuster movies were the convention's rage, the star of this week's Global Gaming Expo 2005 is what's inside the machine.
Gaming's largest annual get-together ... (read more)
Golden Nugget Owners Discuss Plans9 September 2005
LAS VEGAS -- Landry's Restaurants Chairman Tilman Fertitta on Thursday spelled out ambitious redevelopment plans for the Golden Nugget casinos in Las Vegas and Laughlin, including asking the city to vacate a street for the potential addition of a third hotel tower to the downtown ... (read more)
IGT Employees Affected by Hurricane9 September 2005
MISSISSIPPI -- International Game Technology's 100 Gulf Coast employees were affected more by Hurricane Katrina than was the company's equipment, Chairman TJ Matthews said.
The Reno-based company's gaming operations monitoring sites in Gulfport, Miss., and New Orleans were shut down due to storm and flood damage. ... (read more)
Gulf Casino Workers Anxious8 September 2005
MISSISSIPPI -- Less than two weeks after Hurricane Katrina laid waste to the Gulf Coast's gaming industry, some of the area's 14,000 casino workers are growing anxious about the future.
While several gaming companies, notably Harrah's Entertainment and Pinnacle Entertainment, have said they will ... (read more)
Shuffle Master Earnings Increase; New Products Already Popular7 September 2005
On the same day Shuffle Master announced several quarterly earnings records, the table game equipment manufacturer said it had made significant sales inroads with two of its newest products.
The Las Vegas-based company said Tuesday it had received its largest order for a roulette table chip sorting machine and that its automated table game product will be distributed into Spain. ... (read more)
Casinos Looking for Answers6 September 2005
MISSISSIPPI -- While the Gulf Coast casinos either destroyed or heavily damaged by Hurricane Katrina were all covered by some form of business interruption and property damage insurance, it is unclear if the individual policies will keep their corporate owners from having to pay out of pocket to ... (read more)
Caesar's Tower Already Sold Out2 September 2005
LAS VEGAS -- Guests didn't want to wait until Caesars Palace's corporate leaders and entertainer C line Dion cut the ribbon tonight to officially open the Strip hotel's new $289 million, 949-room Augustus tower.
The building is already sold out.
Harrah's Entertainment, which acquired ... (read more)
Mississippi Reconsiders Casino Regulations2 September 2005
LAS VEGAS -- As Las Vegas-based gaming companies continue to evaluate their losses in the hurricane-ravaged Gulf Coast, changes may be sought in Mississippi's gaming regulations before casino operators commit to rebuilding their multimillion-dollar gambling halls.
Mississippi requires that gaming ... (read more)
Hurricane Katrina's Aftermath: Casinos Sort Out Damage31 August 2005
Hurricane Katrina devastated Mississippi's $2.7 billion-a-year casino industry, especially the hard-hit Gulf Coast communities of Biloxi and Gulfport. Gaming observers believe it may be months before the state recovers.
Initial reports show casinos operated by Las Vegas-based companies, including Harrah's ... (read more)
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