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Howard Stutz Gaming Guru - Page 351Gambling Beyond Las Vegas: What's Based Here May Not Stay Here24 January 2005
From the window of his Hughes Center 18th floor office, Pinnacle Entertainment Chief Executive Officer Dan Lee has a superior view looking down toward the heart of the Strip.
But when Lee wants to check on one of his company's nine casino projects, he either clicks onto an Internet webcam or hops on an airplane. ... (read more)
Gambling Stocks Buoyed by Upbeat Forecast From Caesars19 January 2005
An announcement early Tuesday by Caesars Entertainment that the company expects its fourth-quarter earnings to be better than previous estimates sent gaming-sector stock prices upward by the close of trading.
The news propelled analysts to issue statements that strong earnings could be revealed by ... (read more)
Regulars Say Goodbye as Key Largo Nears Closure18 January 2005
With the hours ticking away before the demise of the Key Largo Casino, Tom Rich hung out Monday afternoon at the bar area of small East Flamingo Road property. He was swapping stories with fellow patrons and bartender Pilar Durate, who has been mixing drinks at the South Beach-themed gaming hall for the last seven years. ... (read more)
MGM-Mirage, Mandalay Deal Seen as Matter of When, Not If17 January 2005
Federal antitrust approval of MGM Mirage's $7.9 billion buyout of the Mandalay Resort Group didn't materialize Friday.
Still, gaming analysts and industry observers believe the U.S. Federal Trade Commission's blessing of the transaction is a matter of when -- not if -- it will be announced.
On ... (read more)
Caesars Official Dies of Cancer13 January 2005
LAS VEGAS -- John Yaskin, who is credited with expanding the customer base of Caesars Palace during a 14-year tenure at the Strip resort, died Monday evening after suffering from cancer for nearly a year. He was 48.
Yaskin, who was the property's senior vice president, oversaw the hotel's marketing operations. ... (read more)
Harrah's First Horseshoe Undertaking will be Resort in Council Bluffs, Iowa12 January 2005
Harrah's Entertainment announced Tuesday it will build its first resort under the well-known Horseshoe brand, turning a racetrack casino in Council Bluffs, Iowa, into the state's largest gaming establishment.
The Council Bluffs City Council approved construction of an $85 million project to create ... (read more)
Nevadan At Work: Technology Helps Bring Exec Back to Gaming With Alliance10 January 2005
Distance made an interest in gaming grow fonder for Richard Haddrill. Technology's march drew him back to the business he briefly left.
For three years Haddrill headed Powerhouse Technologies, a gaming equipment company that had its fingers in numerous industry facets, including government-backed ... (read more)
Shuffle Master Acquires Patents to Track Table Play5 January 2005
Pity the poor table games player.
And while you're at it, shed a tear for the harried floor person trying to watch and rate the player's gambling activities.
While customers and casinos have benefited from the advent of slot machine clubs -- technology-driven tracking systems that record a player's ... (read more)
Strip Development: Trump Adding Tower4 January 2005
With more than 80 percent of the condominium units in his planned Trump International already reserved, developer Donald Trump said Monday he and New Frontier owner Phil Ruffin will build a second 64-story tower behind the Strip resort across from the Fashion Show mall.
The addition of a second ... (read more)
Index Shows 2004 a Scorcher for Casino Stocks4 January 2005
Gaming stocks closed 2004 with a flourish and analysts don't foresee future roadblocks that could slow the climbing prices.
Several casino issues had their average daily prices nearly double in the past 12 months, according to the Applied Analysis Gaming Index, a weighted average of local gaming stocks ... (read more)
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