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Howard Stutz Gaming Guru - Page 40Report: Exec popped for $300k dinner after run at blackjack19 February 2015
LAS VEGAS -- The person behind the $300,000 dinner at Bellagio’s Prime Steakhouse has been revealed. Bloomberg News reported Wednesday that Vice Media Inc. CEO Shane Smith sprung for the dinner following a lucky run at the casino’s blackjack tables. Bloomberg said its source was a person who asked not to be identified because the meal was private. ... (read more)
$300k dinner bill ‘sign people are ready to spend again,’ MGM chairman says18 February 2015
LAS VEGAS -- MGM Resorts International Chairman Jim Murren told analysts and investors Tuesday there were “encouraging signs” of increased customer spending at his company’s 10 Strip resorts in the past few months. One anecdote Murren cited was a $300,000 dinner bill during the Consumer Electronics Show in ... (read more)
Riviera Hotel to be demolished for Las Vegas Convention Center expansion18 February 2015
LAS VEGAS -- The walls of the Riviera Hotel and Casino will, indeed, come tumbling down. The Las Vegas Convention and Visitors Authority on Tuesday scheduled a special board meeting on Friday to consider acquisition of the 60-year-old Strip resort for $182.5 million, which includes up to $8.5 million in transaction-related expenses. ... (read more)
Station Casinos upbeat about locals gaming market18 February 2015
LAS VEGAS -- Station Casinos, Inc. presented an upbeat outlook for the Las Vegas locals gaming market Tuesday, based on economic improvements, higher consumer confidence, and lower gasoline prices. The company reported revenue and cash flow figures that were at levels not seen since 2008. “It may finally ... (read more)
Inside Gaming: It's PokerStars vs tribes in California online gaming fight18 February 2015
LAS VEGAS -- If California’s Internet poker debate was an actual card game, PokerStars just doubled up. But the European online gaming giant is still short-stacked against two of the state’s largest tribal casino operators in its effort to gain a piece of California’s potentially lucrative — albeit nascent — Internet poker market. ... (read more)
Inside Gaming: Online lotteries flourish after 2011 change in Wire Act16 February 2015
Internet gambling supporters rejoiced when the Justice Department — two days before Christmas in 2011 — changed its opinion on the Federal Wire Act and opened the doors for online wagering expansion across the United States. However, the growth has been in state-run online lotteries, not poker or other casino games. ... (read more)
Is Las Vegas's Riviera Hotel about to be history?14 February 2015
LAS VEGAS -- Is the Riviera Hotel and Casino about to join the Dunes, New Frontier, Stardust and others in the Las Vegas history pages? Real estate, gaming and tourism sources, all speaking on background, have said the 60-year-old Strip resort will be purchased and demolished by the Las Vegas Convention and ... (read more)
Gaming Control Board signs off on Olympic wagering regulation14 February 2015
LAS VEGAS -- Nevada sports books will be able to accept wagers on the Olympics under a regulation recommended for approval by the Nevada State Gaming Control Board. The proposal, to be considered by the Nevada State Gaming Commission later this month, would let bookmakers place betting lines on Olympic sporting or athletic events sanctioned by the International Olympic Committee. ... (read more)
Profits decline slightly for Pinnacle in the fourth quarter13 February 2015
LAS VEGAS -- Regional casino operator Pinnacle Entertainment, Inc. saw a slight decrease in profits in the fourth quarter but made progress toward its planned real estate investment trust spinoff, the company said Thursday. Pinnacle said its net income was $14.5 million, or 24 cents per share, for the quarter ended Dec. ... (read more)
Gaming industry to launch outreach initiative for presidential campaign13 February 2015
LAS VEGAS -- The American Gaming Association (AGA) will launch a national initiative in conjunction with the 2016 presidential campaign aimed at showing the industry’s economic benefits to candidates for the nation’s highest office. The effort, dubbed “Gaming Votes,” is twofold — to educate casino industry ... (read more)
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