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Howard Stutz Gaming Guru - Page 4American Gaming Association wants to hear presidential candidates' stances on gaming4 December 2015
After encouraging presidential candidates this summer to be aware of gaming issues, the American Gaming Association now wants to learn their actual stances. The Washington, D.C.-based trade organization sent a questionnaire this week to all the current Republican and Democratic candidates for president, ... (read more)
Three Strip casino operators get OK to leave Nevada Power3 December 2015
State regulators on Wednesday gave their approval to three major Strip gaming companies to leave as customers of Nevada Power Co. to secure their own electricity supplies on the open market. But the three members of the Nevada Public Utilities Commission also required MGM Resorts International, Wynn Resorts ... (read more)
Macau suffers 18th straight month of gaming revenue decline2 December 2015
Macau's 18th straight monthly gaming revenue decline wasn't a surprise, but the November results were worse than expected. Casinos collected $2.1 billion from gamblers during the month, 32.3% less than a year ago, Macau's Gaming Inspection and Coordination Bureau said Tuesday. The percentage decline was the ninth month this year that Macau gaming revenue fell 30% or higher. ... (read more)
Cosmopolitan, Culinary union agree on four-year labor deal2 December 2015
The Cosmopolitan of Las Vegas and Culinary Workers Local 226, after years of hostility, announced an agreement Tuesday on a four-year contract covering some 2,000 of the Strip resort's employees in the food, beverage, housekeeping, bar and lounge and bell desk departments. Terms of the contract were not ... (read more)
Inside Gaming: Northeast casino expansion good for slot companies, bad for Atlantic City2 December 2015
Eight casino projects in the Northeast that are under construction or in planning is great news for Nevada's slot machine industry, which will have to fill orders for some 20,000 games as the developments come on line over the next three years. For Caesars Entertainment Corp. and operators of older casinos ... (read more)
Reno casinos shine in October as rest of Nevada suffers1 December 2015
Maybe there is something to this Reno resurgence. Nevada and Strip gaming revenue fell during October, the fourth time in the last five months that the results showed declining numbers, according to figures released Monday by the Gaming Control Board. However, Northern Nevada's casino market increased during the same time period. ... (read more)
Inside Gaming: Macau adding casinos despite prolonged revenue slide29 November 2015
Macau's casino industry is down more than 35% from a year ago, but that doesn't mean the gaming market is slowing expansion plans. Casino operators have budgeted almost $27 billion on new developments in Macau, including properties owned by Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International. ... (read more)
Moody's backs Penn National's San Diego Indian casino28 November 2015
Moody's Investors Service has praised a San Diego-area Indian casino being developed by Tropicana Las Vegas owner Penn National Gaming, which is a key property in the regional gaming company's western push. The $390 million Hollywood Casino Jamul in San Diego is expected to open in July. Penn National is funding development of the resort and will manage the property for the Jamul Indian Village. ... (read more)
Affinity Gaming reaches 'exclusivity' sales agreement with Z Capital28 November 2015
The largest shareholder in casino operator Affinity Gaming said Friday it reached an exclusivity agreement with the company's board to purchase all outstanding shares of the Las Vegas-based company. According to U.S. Securities and Exchange Commission filings, Illinois-based investment group Z Capital — which already owns 40.5% of Affinity — has until Dec. ... (read more)
Nevada Attorney General says he'd support online gambling ban26 November 2015
Nevada's attorney general said he plans to sign a letter supporting a bill backed by billionaire casino owner Sheldon Adelson that would ban Internet gaming nationwide and end the state's online poker business. The comments by Adam Laxalt on the "Ralston Live" public affairs television show Tuesday drew a sharp rebuke from Gov. ... (read more)
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