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Howard Stutz Gaming Guru - Page 59Nevada gaming revenues down; baccarat revenue slips29 September 2014
LAS VEGAS -- Sometimes, the house doesn’t win. Gaming revenue statewide and on the Strip dipped during August, the market’s first monthly decrease since February. High-end baccarat wagering played a significant role in the monthly decline. Revenue from the game fell almost 14 percent on the Strip, even though the amount players wagered on baccarat increased. ... (read more)
Boston casino not yet a clear Wynn29 September 2014
A gaming insider whose opinion is respected in the industry has a theory that Massachusetts gambling regulators unknowingly handed some momentum to those who want to overturn the state’s 2011 casino law. They did it by giving the single Boston-area gaming license to Wynn Resorts, Limited on Sept. 16. ... (read more)
Gaming regulators OK ownership change, talk medical marijuana26 September 2014
LAS VEGAS -- The Nevada State Gaming Commission on Thursday approved an ownership change in the Mountain View Recreation Center in Pahrump, which returned a member of the Herbst family to the gaming industry. But the discussion was more about medical marijuana. A group headed by Timothy Herbst was approved ... (read more)
Appeals court reinstates gambler's lawsuit with Wynn Las Vegas26 September 2014
LAS VEGAS -- A federal appeals court reinstated a German gambler’s lawsuit with Wynn Las Vegas over a disputed $1.3 million owed to the Strip casino, saying the matter didn’t have to be heard by the Nevada State Gaming Control Board. The decision by a three-judge panel of the U.S. 9th Circuit Court of Appeals overturned a previous ruling by U.S. ... (read more)
MGM Resorts selects president for Park Holdings26 September 2014
MGM Resorts International on Thursday selected Don Thrasher as president of Park Holdings, the entity that oversees development of The Park, now under development between the Monte Carlo Resort and Casino and New York-New York hotels. Thrasher was most recently president of Circus Circus Hotel Casino Las Vegas. ... (read more)
Former MGM executive McBeath joins Affinity Gaming shareholder25 September 2014
LAS VEGAS -- Former MGM Resorts International executive Bill McBeath was named managing director of Illinois-based Z Capital Partners, the largest shareholder of casino operator Affinity Gaming. McBeath, who once oversaw Bellagio and CityCenter’s centerpiece Aria Resort & Casino, joins the private equity ... (read more)
Boyd Gaming launches sports wagering app24 September 2014
LAS VEGAS -- Boyd Gaming Corporation launched a sports wagering application for mobile devices Tuesday, allowing customers in Nevada to bet on college and professional games and events. The application — B Connected Sports — is now available as a mobile app on iOS devices through the iTunes Store and on Android devices at BConnectedSports.com. ... (read more)
IGT, GTECH Holdings amend part of merger agreement24 September 2014
LAS VEGAS -- Slot machine giant IGT - International Game Technology and GTECH Holdings amended a portion of the companies’ merger agreement Tuesday with hopes of keeping the planned closing date on track for $6.4 billion transaction. Las Vegas-based IGT, which has a manufacturing headquarters in Reno, and Italy-based GTECH hope to close the deal in the first half of 2015. ... (read more)
Macau mired in cold streak24 September 2014
The situation has gone from bad to worse in Macau. Last week, the investment community used a news event a world away to prop up the stock of one Macau casino operator. On Monday, the Chinese gaming market was red-flagged when Wells Fargo Securities gaming analyst Cameron McKnight became the latest Wall Street researcher to post warning signals. ... (read more)
Ultimate Gaming ending agreement with Trump Taj Mahal22 September 2014
LAS VEGAS -- Ultimate Gaming, one of just two companies operating in both the Nevada and New Jersey Internet wagering markets, said Friday it was ending its agreement with the Trump Taj Mahal Casino Resort in Atlantic City after less than a year. The Las Vegas-based company, which is majority owned by ... (read more)
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