 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 42Caesars new CEO to earn $1.8 million, eligible for bonus5 February 2015
LAS VEGAS -- Caesars Entertainment Corporation’s new chief executive will earn $1.8 million a year in salary, according a filing Thursday with the Securities and Exchange Commission. Mark Frissora, who was named “CEO designee” by the casino operator on Wednesday, can also earn up to 150 percent of his base ... (read more)
Plunge in Macau revenue leads to lower profits for Wynn Resorts4 February 2015
LAS VEGAS -- Macau, which has driven profits for Wynn Resorts, Limited since 2006, caused a steep decline in the company's fourth-quarter earnings. Las Vegas-based Wynn said Tuesday revenue from its two Macau casinos dipped 32 percent in the quarter that ended Dec. 31. Coupled with a 5.8 percent drop in ... (read more)
Lionel Sawyer law firm files bankruptcy owing $3.37 million4 February 2015
LAS VEGAS -- The historic Lionel Sawyer & Collins law firm, which went out of business at the beginning of the year, filed for Chapter 7 bankruptcy liquidation at the end of January, owing creditors more than $3.37 million. The law firm, once considered the state's largest legal house, said in a voluntary filing with the U.S. ... (read more)
Redevelopment planned for casino on Paradise Road4 February 2015
LAS VEGAS -- A local real estate developer said Tuesday he acquired majority ownership of the Mardi Gras Hotel & Casino on Paradise Road and plans to redevelop the property. Daniel Grimm of DG Development Corp. didn't give a price for the purchase. The hotel currently has 314 hotel rooms. He plans to remodel the property into a 700-room resort with a 35,000-square-foot casino. ... (read more)
Inside Gaming: Macau, already reeling, faces possible total smoking ban4 February 2015
After implementing a partial casino smoking ban in October, Macau is contemplating a total prohibition on smoking in all areas of the region's gaming market. Talk about throwing gasoline on a raging inferno. Macau's casino industry is challenged, and that's an understatement. The market has had eight consecutive monthly gaming revenue declines. ... (read more)
Macau casinos start 2015 with another revenue dip3 February 2015
Macau's casino industry began 2015 in the same way it ended 2014 — with another monthly gaming revenue decline. And indications are that nothing will change in the first half of the year. Macau's 35 casinos collected $2.97 billion from gamblers in January, the Macau Gaming Inspection and Coordination Bureau said Monday. ... (read more)
MGM Resorts to launch mobile wagering application in Nevada3 February 2015
LAS VEGAS -- MGM Resorts International announced plans Monday to deploy a mobile wagering system across 12 of its Nevada resorts later this year. The technology will be provided by GTECH Holdings. Financial terms were not disclosed. The initial use of the technology will be to provide mobile sports wagering this summer. ... (read more)
Casino revenue in Nevada, on the Strip retreats slightly in 20142 February 2015
LAS VEGAS -- Casino totals in Nevada and along the Strip took a slight step back in 2014. Gaming revenue collected by casinos ended a four-year upswing last year as the state's largest industry continued its recovery from the recession. Casinos statewide collected just more than $11 billion from gamblers in 2014, the Gaming Control Board said Friday. ... (read more)
Independent proxy advisory firms said to back IGT buyout2 February 2015
LAS VEGAS -- Slot machine maker IGT - International Game Technology said three independent proxy advisory firms voiced their support for the company's $6.4 billion buyout by Italy-based lottery giant GTECH S.p.A. Holdings. Institutional Shareholder Services Inc., Glass Lewis and Egan-Jones all recommended IGT shareholder support the merger agreement at the Feb. ... (read more)
Inside Gaming: Will falling gas prices, rising consumer confidence help regional casinos?2 February 2015
LAS VEGAS -- Falling gasoline prices and rising consumer confidence mean good news for regional casino operators. Whether this translates into more dollars in casino drop boxes is still up for debate. Two analysts say the regional gaming markets — primarily those in the South and Midwest — are poised for a ... (read more)
< Previous 10 Articles | Next 10 Articles > |