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Howard Stutz Gaming Guru - Page 44Inside Gaming: Analysts expect Strip rebound to continue in 201526 January 2015
LAS VEGAS -- Gaming industry predictions are not exact science. A year ago there wasn't an analyst who thought Macao's casino market would see its first annual gaming revenue decrease in 2014. Atlantic City was easy to predict. Most gaming observers correctly said the Boardwalk would suffer through its ... (read more)
Gaming Insider: Analysts split on impact of mergers among gaming manufacturers26 January 2015
LAS VEGAS -- The past 18 months were a transformative period for Nevada's slot machine industry. The next 18 months won't contain the fireworks associated with five multibillion-dollar corporate mergers, but the time period could foretell the manufacturing industry's future. The five transactions placed a ... (read more)
Boyd Gaming Corp. selects hotel executive, local attorney for board23 January 2015
LAS VEGAS -- Boyd Gaming Corporation appointed the chief executive of a national hotel chain and a Las Vegas attorney to the casino company’s board of directors on Thursday. The board appointments are for Loews Hotels & Resorts CEO Paul Whetsell and John Bailey, managing partner of Bailey Kennedy. Loews operates 22 hotels in the United States and Canada. ... (read more)
Wall Street service warns Caesars restructuring will be 'drawn out' process23 January 2015
LAS VEGAS -- The efforts by Caesars Entertainment Corporation to restructure 81 percent of its gaming industry-high debt will be a "drawn out" process, a Wall Street ratings service warned investors Thursday. Caesars placed its largest operating division into a pre-packaged bankruptcy last week in Chicago ... (read more)
Top executive for Resorts World Las Vegas departs22 January 2015
Christian Goode, the top executive for the planned $4 billion Resorts World Las Vegas development, has departed the project, the company said Wednesday. Goode, who oversaw the Americas Division for Malaysia-based Genting Malaysia Berhad, was to oversee both development and operations of the planned Strip hotel-casino. ... (read more)
Old school: Takeover of Stardust an easy call for Bill Boyd21 January 2015
LAS VEGAS -- Bill Boyd said a 1983 decision to take over management of the troubled Stardust was an easy choice. He worried that 2,000 workers would lose their jobs if Boyd Gaming Corp. didn't step in after state gaming regulators filed an emergency order of closure against the failing Strip hotel-casino. ... (read more)
Spokesman: Wynn's pay will now include 'performance-based equity'21 January 2015
LAS VEGAS -- Steve Wynn's 37.5 percent pay cut in base salary was described by Wynn Resorts, Limited as an adjustment that will include a performance-based equity component as part of his compensation. In a filing with the Securities and Exchange Commission Tuesday, Wynn Resorts said it was slashing the CEO's salary to $2.5 million per year from $4 million. ... (read more)
Vegas gaming companies may face bigger tax bite in Macau21 January 2015
A Chinese government official is hinting at a potential gaming tax increase ahead of license renewals for Macau's casino operators. A Hong Kong-based gaming analyst said Monday the comments — reported by several Chinese media outlets — was the first evidence that a government review of Macau's gaming industry will be linked to any gaming concession renewal talks. ... (read more)
Gaming regulators may allow wagering on Olympics16 January 2015
LAS VEGAS -- The Nevada State Gaming Control Board will consider a regulation change next month that would allow Nevada sports books to accept wagers on the Olympics. The only question is whether or not the betting would be allowed on all Summer and Winter Olympics events, or just a handful of popular competitions. ... (read more)
Caesars places largest operating division into bankruptcy15 January 2015
LAS VEGAS -- Caesars Entertainment Corporation placed its largest operating division into bankruptcy Thursday, taking the initial steps to eliminate almost $10 billion of debt and restructure the casino operator's troubled balance sheet. The pre-packaged filing covering Caesars Entertainment Operating Co. ... (read more)
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