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Howard Stutz Gaming Guru - Page 5Moody's upgrades opinion of Affinity Gaming26 November 2015
Moody's Investor Service upgraded its view of Las Vegas-based Affinity Gaming Wednesday, crediting the casino operator's third-quarter results. In a statement, Moody's gaming analyst Peter Trombetta said Affinity's increased cash flow of 32% was came about despite the company's "modest" revenue growth of 2%. ... (read more)
Timeshare developer Diamond Resorts acquires rival for $85 million26 November 2015
Las Vegas-based timeshare developer Diamond Resorts International acquired a small rival for $85 million, giving the company ownership of nine properties primarily in Canada, California, Florida and Mexico. Diamond Resorts said the acquisition of Intrawest Resort Club Group is expected to be completed in the first three months of next year. ... (read more)
Political watchdog group retracts charges, issues apology to Sheldon Adelson25 November 2015
A progressive political group that called this month for a federal investigation of Las Vegas Sands Corp. Chairman Sheldon Adelson retracted several of its statements Tuesday and apologized to the billionaire casino owner. In a statement, the Washington, D.C.-based Campaign for Accountability said it "made certain statements regarding Mr. ... (read more)
Eldorado completes purchase of MGM's Reno properties25 November 2015
Eldorado Resorts completed its $72.5 million acquisition of MGM Resorts International's holdings in downtown Reno on Tuesday and did so without having to sell additional stock in the company. The transaction gave Eldorado ownership in Circus Circus Hotel Casino - Reno and the remaining half of the Silver Legacy. ... (read more)
Inside Gaming: Nevada gaming regulation changes 'needed to happen'25 November 2015
The 2015 Nevada Legislature adjourned on June 1, but the session never ended for state gaming regulators. Six bills passed by lawmakers and signed by the governor brought aspects of Nevada's gaming industry into the 21st century. But the legislation also required months of debate to change existing gaming regulations and write new laws. ... (read more)
Inside Gaming: Merger hasn't changed Sartini's business style23 November 2015
He oversees a publicly traded company, but you won't find Blake Sartini with his attention focused solely on the daily ups and downs of Golden Entertainment's stock price. The gaming operator is nearly 4 months old after a $341 million merger that brought together Golden Gaming's statewide slot machine ... (read more)
Nevada Gaming Commission approves three buyouts20 November 2015
Three casino industry buyouts were approved Thursday by the Nevada Gaming Commission, including Eldorado Resorts' $72.5 million acquisition of MGM Resorts International's holdings in Reno. Commissioners, meeting in Las Vegas, unanimously signed off on Eldorado's purchase of Circus Circus Hotel Casino - Reno and the remaining half of the Silver Legacy Resort Casino from MGM Resorts. ... (read more)
Nevada regulators approve more stringent oversight for casino nightclub operations20 November 2015
The Nevada Gaming Commission will require casino operators to take more stringent approach in monitoring their nightclub venues, hoping to avoid regulatory complaints that often led to six- and seven-figure fines for allowing illicit activity inside the venues. Among the changes, the casinos will have to ... (read more)
Wynn delays opening of Macau resort19 November 2015
Wynn Resorts Ltd. said Wednesday it will move the opening of its $4.1 billion Wynn Palace development in Macau back by three months. In a brief statement, the company said it was notified by its general contractor that the 1,700-room Cotai Strip hotel-casino will not be ready to open by the projected early completion date of March 25. ... (read more)
Avengers, Transformers attractions coming to Treasure Island18 November 2015
Treasure Island will turn over the second and third floors of its recently completed 40,000 square-foot retail area along the Strip to an exhibition company that will create attractions based on Marvel Comics' The Avengers and Hasbro's Transformers, offering customers interactive, theme parklike experiences. ... (read more)
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