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Howard Stutz Gaming Guru - Page 347Report: Aztar Better if Broken Up29 March 2005
LAS VEGAS -- A Wall Street gaming analyst believes struggling Aztar Corp. could have more value to
its shareholders if the five-casino company, which includes the aging Tropicana, is
broken apart and sold.
In a report last week to investors, Steven Ruggiero of CRT Capital Group said
Phoenix-based ... (read more)
Boyd Exec Goes Out on Top29 March 2005
LAS VEGAS -- When Boyd Gaming Corp. in 1996 named as its president a one-time banker whose only
hands-on relationship with the gaming industry was steering development of the
Fremont Street Experience, it was unusual.
At the time, Boyd Gaming consisted of a handful of downtown casinos, ... (read more)
Hotel Chains Gamble on Macau18 March 2005
LAS VEGAS -- Several worldwide hotel chains will join Las Vegas Sands Corp. in developing seven hotel-casinos on the Cotai Strip region of Macau, investing up to $6 billion in the expanding tourism market's initial phase.
Las Vegas Sands officials, including Chairman and Chief Executive Officer ... (read more)
Station to Speed Red Rock Project16 March 2005
LAS VEGAS -- Based on a strong belief the Las Vegas market will continue to be a vibrant source of revenue, Station Casinos announced Tuesday it will accelerate its expansion plans for the second phase of Red Rock Station, increasing the overall cost of the Summerlin project to $800 ... (read more)
Gambling And Politics: Following The Money14 March 2005
Eliminating soft money contributions from the political process played a major role in shrinking the amount Nevada's largest casino companies donated during the 2004 federal election cycle.
The industry's weight on Capitol Hill, however, hasn't diminished.
While four- and five-figure donations ... (read more)
Strip Political Donations Show Big Republican Tilt14 March 2005
The Strip's top executives and managers were well- represented during the 2004 federal election cycle, showing a proclivity to Republican candidates while ensuring Nevada's congressional delegation was well-funded.
Steve Wynn, chairman of Wynn Resorts Ltd.; $87,211
Elaine Wynn, director of Wynn Resorts ... (read more)
Wynn Wins Board's Recommendation for License10 March 2005
LAS VEGAS -- After five years away from the action, Steve Wynn moved a step closer to operating a Strip casino as the Gaming Control Board voted unanimously Wednesday to recommend licensing of the $2.7 billion Wynn Las Vegas.
The Nevada Gaming Commission will consider the matter March 24. ... (read more)
Florida Slot Approval Doesn't Boost Manufacturers' Stocks10 March 2005
LAS VEGAS -- The approval Tuesday of slot machines at three racetracks and a jai-alai fronton in Broward County, Fla., gave gaming equipment manufacturers an emotional boost but not much of a jump in stock values.
That boost could happen down the road.
For now, slot makers and gaming analysts are ... (read more)
Alliance Gaming Replaces Longtime Financial Officer as Part of Restructuring9 March 2005
Alliance Gaming Corp., which has seen its stock price plummet over the past 14 months, continued its management purge Tuesday, removing the slot manufacturer's long-time chief financial officer and restructuring the positions of several key executives.
Steven Des Champs, who has been Alliance's chief ... (read more)
Analysts Say Mandalay Report Doesn't Bode Ill for Other Properties7 March 2005
The less-than-stellar quarterly financial results that Mandalay Resort Group blamed on January's rainfall totals in Southern California doesn't forecast rough weather ahead for the rest of the Strip, gaming analysts said Friday.
In its final earnings report as a publicly traded company before its ... (read more)
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