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Howard Stutz Gaming Guru - Page 41Boyd Gaming narrows net loss in fourth quarter13 February 2015
LAS VEGAS -- Boyd Gaming Corporation narrowed its net loss in the fourth quarter as results from its regional markets and Las Vegas locals properties grew in the final months of 2014. Following a conference call with analysts Thursday, Boyd Gaming CEO Keith Smith said he isn’t ready to declare the locals market completely recovered. ... (read more)
Bettman: NHL may soon have to address legal sports betting11 February 2015
LAS VEGAS -- The National Hockey League has not taken a position on legalizing sports wagering, but it’s an issue it may have to address, league Commissioner Gary Bettman said Tuesday in Las Vegas. “We’re not as big a factor in betting as football or basketball,” said Bettman, 62, following prepared remarks ... (read more)
Small merger may signal big changes11 February 2015
LAS VEGAS -- By numbers alone, the merger of Golden Gaming, Inc. and Lakes Entertainment, Inc. doesn’t equal any one of the combined $18.5 billion in gaming equipment manufacturing buyouts that have happened in the past 18 months. But the transaction between Nevada’s largest tavern owner/slot machine route ... (read more)
Full House Resorts selects new chief financial officer10 February 2015
LAS VEGAS -- Regional casino operator Full House Resorts, Inc. said it amended several credit agreements and selected a new chief financial officer as it moves forward following a recent management shake-up. The Las Vegas-based company, which owns one casino each in the Northern Nevada community of Fallon, ... (read more)
Nevadan at Work: Affinity Gaming CEO finds happiness managing casinos in smaller markets10 February 2015
LAS VEGAS -- After managing casinos in exotic locales such as New Zealand, the United Kingdom and Uruguay, Michael Silberling opted to become CEO of a gaming company whose flagship properties are in the Interstate 15 community of Primm at the California-Nevada border and the Denver suburb of Black Hawk, Colo. ... (read more)
Inside Gaming: With its latest deals, Scientific Games is the new IGT - minus the baggage10 February 2015
LAS VEGAS -- Scientific Games Corporation is Nevada’s new International Game Technology — without the baggage. Over the past 18 months, the lottery provider spent $7.6 billion to acquire the gaming industry’s No. 2 and No. 3 slot machine manufacturers. Last month, Scientific Games said it will move its corporate headquarters from New York City to offices off the 215 Beltway. ... (read more)
Gaming Insider: The future of gaming is already here10 February 2015
LAS VEGAS -- Tables that resemble giant smart phones inside The Mirage and MGM Grand Las Vegas are the future of gaming. You just can’t gamble on them quite yet, at least not for real money. The InteractivePro tables, manufactured by an Australian company, have quickly developed a following from MGM Resorts International customers. ... (read more)
GTECH obtains financing to complete IGT acquisition10 February 2015
LAS VEGAS -- Italy-based lottery provider GTECH Holdings said Tuesday it completed $5 billion in high yield financing needed to complete its buyout of slot machine giant IGT - International Game Technology. The transaction, expected to close in the spring, is valued at $6.4 billion. Shareholders of International Game Technology were expected to vote on the buyout Tuesday. ... (read more)
Caesars CEO Loveman stepping down in wake of bankruptcy5 February 2015
LAS VEGAS -- Caesars Entertainment Corporation Chairman Gary Loveman will step down from the company's chief executive role on June 30 and will be replaced by the former chairman and CEO of Hertz Global Holdings, the casino giant announced Wednesday. In a statement Wednesday, Caesars said Mark Frissora, who ... (read more)
Station Casinos to operate sportsbook at Sparks casino5 February 2015
LAS VEGAS -- Station Casinos, Inc. is extending its reach northward through an agreement to operate a sports book inside the Baldini’s Casino in Sparks. The location is the company’s second sports book operation outside its large and small casinos in the Las Vegas area. Station Casinos has 15 sports ... (read more)
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