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Howard Stutz Gaming Guru - Page 39Gaming regulators say OK to Olympic betting in Nevada27 February 2015
LAS VEGAS -- It didn’t take long for Nevada sports books to begin offering betting lines on the 2016 Summer Olympic Games in Rio de Janeiro. Within minutes after the Nevada Gaming Commission unanimously approved the regulation on Thursday, William Hill U.S. established Jamaica’s Usain Bolt as a -200 ... (read more)
A revived locals market could push Station Casinos to IPO25 February 2015
LAS VEGAS -- There is no debate that Station Casinos, Inc. had a strong finish to 2014, giving analysts hope that recovery in the Las Vegas locals gaming market is underway. Now, the investment community may want a piece of the action. During the Station Casinos’ fourth-quarter earnings conference call a ... (read more)
Scientific Games says patent lawsuit against subsidiary dismissed24 February 2015
LAS VEGAS -- Scientific Games Corporation said Monday a federal judge dismissed a more than five-year-old patent infringement lawsuit against a subsidiary the company acquired in its $5.1 billion purchase of Bally Technologies, Inc. last year. The lawsuit, filed in 2009 by Table Max Gaming against SHFL entertainment, was dismissed with prejudice by the United States District Court in Nevada. ... (read more)
Caesars denies another request from second-level bond holder24 February 2015
LAS VEGAS -- For the second time in two weeks, the casino operator rejected a demand from an unsecured second level bondholder for payment of the obligations. In a filing with the Securities and Exchange Commission Monday, Caesars said BOKF N.A. asked for payment on $750 million in debt plus interest. ... (read more)
In historic vote, LVCVA approves purchase of Riviera23 February 2015
LAS VEGAS -- By all accounts, it was a historic vote. In just more than an hour on Friday, the Las Vegas Convention and Visitors Authority board of directors agreed to purchase a Strip hotel that has been operating for nearly 60 years and at the same time, jump-start a project some say is bigger than the state’s Tesla Motors deal in Northern Nevada. ... (read more)
MGM Resorts plans job fair, hopes to add more than 500 workers in Las Vegas23 February 2015
LAS VEGAS -- MGM Resorts International will hold a job fair Wednesday at the Mandalay Bay Resort & Casino Events Center to hire more than 500 permanent positions at 12 of the company’s Strip-area resorts. The job fair will take place from 10 a.m. to 7 p.m. Applicants are asked to park in the Mandalay Bay’s self-park garage. ... (read more)
Once down on its luck, Las Vegas's North Strip is coming back23 February 2015
LAS VEGAS -- For a decade, north Strip casino operators anticipated a redevelopment of the area that would include new megaresorts and entertainment complexes rivaling projects underway on the boulevard’s southern end. The recession laid waste to those plans. Several hulking, uncompleted buildings — ... (read more)
Inside Gaming: How would legalizing U.S. sports betting change Nevada's industry?23 February 2015
LAS VEGAS -- Legalizing sports betting in the U.S. would be bad news for local street-corner bookies and the Internet’s unregulated off-shore gambling market. But could the idea hurt the Nevada sports betting industry? If legal sports books pop up in California Indian casinos, for example, would the Strip’s high-end gambling facilities dry up? This question doesn’t need an answer today. ... (read more)
Caesars again rebuffs debt holders' request for payment19 February 2015
LAS VEGAS -- Caesars Entertainment Corporation provided a simple answer to another request from second-lien bondholders to repay more than $3.8 billion owed by the casino operator: No. In a filing Wednesday with the Securities and Exchange Commission, Caesars dismissed as “meritless” a request from the ... (read more)
Culinary leaders toast new ownership of Cosmopolitan Las Vegas19 February 2015
LAS VEGAS -- Leave it to labor leader D. Taylor to mention the irony of the location for Wednesday’s joint event with Culinary Local 226, The Cosmopolitan of Las Vegas and Blackstone Real Estate Partners, the hotel-casino’s new owners. The last time Taylor was inside the Strip property, he was detained and ... (read more)
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