 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Howard Stutz Archives
More Strategy Experts
|
Howard Stutz Gaming Guru - Page 67Tough sell: Official markets Atlantic City28 July 2014
Imagine the problems in trying to market Atlantic City to the world. One casino closed in January. Three of the remaining 11 resorts could be shuttered by September. Atlantic City gaming revenue fell to $2.8 billion in 2013, the Boardwalk’s lowest total since 1989. Almost daily, headlines concerning the ... (read more)
Dotty's taverns are simply complex28 July 2014
LAS VEGAS -- The 160,000-square-foot North Las Vegas warehouse and headquarters of Nevada Restaurant Services, Inc. — parent company of the Dotty’s chain of taverns — is a cross between Costco, Home Depot, a slot machine manufacturing plant and a direct-mail house. Everything making up a Dotty’s — think a grandmother’s house with gambling devices — sits in the warehouse. ... (read more)
Many do-si-dos lead, at last, to a deal28 July 2014
LAS VEGAS -- The $6.4 billion acquisition of slot machine manufacturer IGT - International Game Technology by lottery provider GTECH Corporation shouldn’t have surprised anyone in gaming. A deal between the two industry giants almost happened 14 years ago, albeit with different corporate players and under different circumstances. ... (read more)
Strip’s gaming revenue robust while regional markets struggle28 July 2014
LAS VEGAS -- With six months on the books, the investment community have a clear picture of the casino industry in 2014. Las Vegas is on an upswing. Gaming revenues have jumped more than 5 percent over the last three months and the Strip is poised to record its fifth straight annual gaming revenue increase since 2009, when the market reverted back to 2004 numbers. ... (read more)
Officials will tap Rat Pack-era memories to market SLS Las Vegas28 July 2014
LAS VEGAS -- Other than the shell of the building, not much remains from the Rat Pack-era Sahara following the property’s $415 million transformation into the SLS Las Vegas Hotel Casino. But operators of 1,600-room Strip hotel-casino, which opens Aug. 23, aren’t letting memories of the Sahara fade away. ... (read more)
Penn National reverses second quarter net loss25 July 2014
Regional casino operator Penn National Gaming, Inc. has five development projects underway in four states and continues to toss its hat in the ring as new markets open. This, despite sluggish gaming revenue results from many Southern and Midwestern states in recent months. The numbers don’t faze the company, which owns M Resort in Henderson. ... (read more)
Pinnacle increases quarterly revenues, trims net loss25 July 2014
LAS VEGAS -- Pinnacle Entertainment more than doubled the company’s net revenues in the second quarter because of its $2.8 billion acquisition of a rival regional casino operator. Las Vegas-based Pinnacle said it lost $2.3 million in the quarter than ended June 30, or 4 cents per share. A year ago, the company lost $5.2 million or 9 cents a share. ... (read more)
Regulators approve $100,000 fine for Aria25 July 2014
LAS VEGAS -- The Nevada State Gaming Commission signed off on a $100,000 fine leveled against the Aria Resort & Casino for preventing undercover gaming agents from watching a high-stakes roulette game last year. The resort, which is operated by MGM Resorts International and is the centerpiece of the ... (read more)
Slot route owner says wife sold medical pot business25 July 2014
LAS VEGAS -- The owner of slot machine route operator said Thursday his wife sold her stake in a potential Clark County medical marijuana dispensary, which eliminated any conflict with a regulatory request that gaming license holders stay away from the business. During the public comment section of the ... (read more)
Orange Capital again wants Pinnacle Entertainment to split off REIT25 July 2014
LAS VEGAS -- A hedge fund that owns 4.5 percent of Pinnacle Entertainment, Inc. reiterated its call that the regional casino operator split the company to include a real estate investment trust. Orange Capital, LLC, a New York-based investment firm, believes Pinnacle’s share price could increase between 60 percent and 90 percent in value if the Las Vegas-based company were to create a REIT. ... (read more)
< Previous 10 Articles | Next 10 Articles > |