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Howard Stutz Gaming Guru - Page 66Caesars installs separate management in operating entity31 July 2014
LAS VEGAS -- Caesars Entertainment Corporation continued its efforts to address its gaming industry-high $23 billion in long-term debt Wednesday by installing separate management in one of the company’s operating entities with the intention for a public listing of the business. The effort is part of an ... (read more)
Speakers lineup for G2E announced31 July 2014
LAS VEGAS -- Attendees of this year’s Global Gaming Expo (G2E) in Las Vegas have the opportunity to hear from the CEOs of the gaming industry’s largest casino companies and equipment manufacturers. Producers of the G2E, scheduled from Sept. 30-Oct. 2 at the Sands Expo and Convention Center, announced the tradeshow and conference’s speaker list Wednesday. ... (read more)
Multimedia Games sees profits decline in third quarter31 July 2014
LAS VEGAS -- Slot machine maker Multimedia Games, Inc. suffered a decline in profits during the third quarter despite a slight revenue increase. The company, which is headquartered in Austin, Texas, but has a sales and marketing office in Las Vegas, said Wednesday its net income for the quarter that ended June 30 was $7.6 million, or earnings of 25 cents per share. ... (read more)
WSOP helps Nevada crack $1 million revenue mark for online poker30 July 2014
LAS VEGAS -- Analysts have long speculated about the coexistence of online poker and live casino poker rooms in Nevada. The recent World Series of Poker at the Rio showed the marriage might last. In June, Nevada’s three online poker websites — WSOP.com - Nevada, Ultimate Poker and Real Gaming — collected a combined $1.037 million in gaming revenue. ... (read more)
IGT grows Q3 profits despite revenue decline30 July 2014
LAS VEGAS -- Slot machine maker IGT - International Game Technology said Tuesday it grew profits in the third quarter despite a double-digit decline in revenue. The Las Vegas-based manufacturing giant is being sold to lottery provider GTECH Holdings for $6.4 billion. Because of the pending transaction, ... (read more)
Wynn's verbal gems can spice earnings calls30 July 2014
LAS VEGAS -- There is a reason why Wynn Resorts, Limited quarterly earnings conference calls are never boring. You never know when Company Chairman Steve Wynn is going to drop a few verbal gems. Take Tuesday’s second-quarter call. At one point, Wynn used the word “inexorable,” to describe the Chinese economy as unstoppable. ... (read more)
Las Vegas casinos save Wynn Resorts quarterly results30 July 2014
LAS VEGAS -- Wynn Resorts, Limited’s second-quarter results were saved by the company’s Las Vegas resorts. Company Chairman Steve Wynn said Tuesday that won’t happen again. During an early morning conference call with analysts and investors — Wynn handled the call from his offices in Macau — the casino ... (read more)
Nevada 150: The World according to Stupak30 July 2014
LAS VEGAS -- Editor’s Note: Nevada 150 is a yearlong series highlighting the people, places and things that make up the history of the state. Casino ownership in Las Vegas has attracted its share of characters, from the mob-backed era of the 1960s and 1970s to reclusive billionaire Howard Hughes to the publicly traded corporate titans of today. ... (read more)
Affinity Gaming to restructure board of directors29 July 2014
LAS VEGAS -- Casino operator Affinity Gaming will restructure the Las Vegas-based company’s board of directors and has resolved any default issues surrounding its debt. In a statement Monday, Affinity — which operates 11 casinos in four states including the off-Strip Silver Sevens Hotel & Casino and the ... (read more)
Online poker, World Cup bets highlight gaming jump28 July 2014
LAS VEGAS -- How nice was June for Nevada casinos? Online poker revenue cracked the $1 million mark for the first time since the results have been publicly reported. Wagering on World Cup soccer accounted for the state’s highest-ever month in the “other sports” category of sports wagering, which included a 116.3 percent in increase in revenue. ... (read more)
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