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Howard Stutz Gaming Guru - Page 63Capacity crowd packs opening of SLS Las Vegas25 August 2014
LAS VEGAS -- Less than 30 minutes after opening to the public, the SLS Las Vegas Hotel Casino was packed. Every table inside the Griddle Cafe was filled. There wasn’t an empty seat in the lobby’s Monkey Bar. A line snaked through the casino for customers waiting to sign up for “The Code,” the SLS Las Vegas’ player loyalty program. ... (read more)
Inside Gaming: Titus's bill would repeal handle tax25 August 2014
LAS VEGAS -- CG Technology CEO Lee Amaitis wanted to know the whereabouts of about $9 million that Nevada sportsbook operators paid to the federal government last year through a tax on all sports wagers. It seemed like a simple question. Amaitis asked Rep Dina Titus, D-Nev., if she could find out. ... (read more)
Gaming Insider: Borgata may gain from shrinking market25 August 2014
LAS VEGAS -- Boyd Gaming Corp. told investors last month it planned to change out a few of the restaurants, nightlife spots and other nongaming attractions inside several of the company’s area casinos to boost overall revenue. This particular plan has been met with success along the Strip, but has been slow to be embraced by regional markets. ... (read more)
Gaming regulators OK licensing for SLS Las Vegas22 August 2014
LAS VEGAS -- State gaming regulators on Thursday approved licensing for the SLS Las Vegas Hotel Casino, setting the stage for this weekend’s opening of the $415 million redevelopment of the former Sahara. Nevada State Gaming Commission members said they were comfortable with the financing and operation of ... (read more)
Scientific Games-Bally deal gets federal antitrust OK21 August 2014
LAS VEGAS -- Federal antitrust regulators signed off on Scientific Games Corporation’s $5.1 billion acquisition of Bally Technologies, Inc., the two gaming companies announced Wednesday. In a joint statement, the companies said they received notice from the Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. ... (read more)
Strip land deal revives hope of more transactions21 August 2014
LAS VEGAS -- The idea of Strip real estate carrying a value of $30 million an acre or more has come and gone. This month’s sale of the former New Frontier site — once the Strip’s most expensive piece of real estate — is giving market speculators new hope that resort corridor land transactions could again become active. ... (read more)
MGM Resorts takes steps to regain N.J. gaming license20 August 2014
LAS VEGAS -- MGM Resorts International and the investment arm of company founder Kirk Kerkorian will pay a combined $225,000 settlement to New Jersey gaming regulators to resolve old issues as part of an effort by the casino company to regain its Atlantic City gaming license. The settlement between MGM ... (read more)
Caesars works to upgrade balance sheet, but analysts unimpressed20 August 2014
LAS VEGAS -- A leading gaming executive was asked on background a few months ago if he understood Caesars Entertainment Corporation’s financial maneuverings to restructure the casino company’s $24.2 billion in long-term debt. He just smiled. “Gary seems to understand what he’s doing.” For now, Caesars Entertainment Chairman Gary Loveman is an island unto himself. ... (read more)
Scientific Games-Bally deal gets federal antitrust OK20 August 2014
Federal antitrust regulators signed off on Scientific Games Corp.’s $5.1 billion acquisition of Bally Technologies, the two gaming companies announced Wednesday. In a joint statement, the companies said they received notice from the Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. ... (read more)
SLS builds future of its own on Sahara's past18 August 2014
LAS VEGAS -- After the final hand of blackjack was played and the last customers were ushered out of the Sahara on May 16, 2011, operator Sam Nazarian taped a handwritten note to the hotel-casino’s padlocked front doors: “Be back soon!” Standing there 39 months later, Nazarian gazed toward the remodeled ... (read more)
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