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Howard Stutz Gaming Guru - Page 353Judge Dismisses Lawsuit Against Paris Las Vegas16 December 2004
LAS VEGAS -- A federal judge on Wednesday summarily dismissed a lawsuit stemming back to the 1999 opening of the Paris Las Vegas resort in which a California gambler claimed hotel executives reneged on promises after he lost millions at the casino. U.S. District Judge James Mahan tossed out the lawsuit, ... (read more)
Las Vegas Sands Tops Market16 December 2004
LAS VEGAS -- On its inaugural day of trading on the New York Stock Exchange, Las Vegas Sands became the industry's largest gaming company in terms of market capitalization after its stock price jumped 61 percent Wednesday. The operators of The Venetian recorded the biggest opening day of any ... (read more)
Ameristar Announces Plans for UK Casino15 December 2004
Las Vegas-based Ameristar Casinos, best known for its Midwestern riverboat gaming houses, announced Tuesday it was joining other American casino operators in a rush across the Atlantic to develop a resort in England once the United Kingdom deregulates its gaming industry in 2005.
Ameristar, which does not ... (read more)
Holiday Décor on the Strip13 December 2004
LAS VEGAS -- Longtime casino types remember the days when holiday decor during December at a Strip hotel-casino consisted of a fake Christmas tree in the hotel lobby, a few twinkling lights in the buffet area and silent nights. The holidays were a time that casino employees took vacation, maintenance ... (read more)
Nevada Casino Win Up13 December 2004
LAS VEGAS --Fueled by a surge in table game play on the Strip, Nevada casinos in October recorded their second-best month ever, winning $924.9 million from customers, numbers reported Friday by the state Gaming Control Board show. The figure was a 13 percent increase from a year ago and the amount was second only to the March 2004 total win of $930 million, an all-time high. ... (read more)
Litigation Could Hurt Alliance Gaming Stock10 December 2004
LAS VEGAS -- Patent litigation brought by International Game Technology against rival slot machine manufacturer Alliance Gaming could be the latest adverse element affecting the company's slumping stock price, one gaming analyst said. The action by IGT, which is seeking to keep Alliance from marketing a ... (read more)
Shuffle Master Revenues Up10 December 2004
LAS VEGAS -- Focusing on its core business as a casino equipment supplier, Shuffle Master said Thursday the company grew its revenues 48 percent in the fourth quarter and 45 percent for fiscal 2004. In addition, Shuffle Master announced a 3-for-2 stock split to take effect in January. Shuffle Master said its results for the quarter and the year produced several records. ... (read more)
WMS Board Member Resigns, Makes Accusations9 December 2004
CHICAGO -- A WMS Industries board member abruptly resigned last month while firing off a two-page resignation letter that alleges company wrongdoing at the Chicago-based slot machine manufacturer and a personal vendetta by a Wisconsin gaming regulator, documents show. The action, which induced WMS to make an 8-K filing Nov. ... (read more)
MGM Mirage Changes Tactics in Detroit6 December 2004
In a quest to complete its proposed $7.9 billion acquisition of the Mandalay Resort Group during the first quarter of 2005, MGM Mirage announced Friday it plans to sell its Detroit casino and keep that city's Mandalay-owned casino.
MGM Mirage and Mandalay run two of the three casinos in the ... (read more)
Conference to Focus on Problem Gambling6 December 2004
Those who treat individuals with addictive disorders could now view compulsive gambling in the same manner as alcoholism and drug abuse, according to a study this month in a Harvard University publication and to be unveiled at a three-day conference on gambling and addiction in Las Vegas.
The ... (read more)
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