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Howard Stutz Gaming Guru - Page 68Board not wavering on medical pot stance23 July 2014
LAS VEGAS -- A regulatory mandate that Nevada gaming license holders stay away from the state’s neophyte medical marijuana business could be challenged again Thursday at the Nevada Gaming Commission and Control Board. But the outcome is inevitable. The Gaming Control Board’s May 6 industry notice to gaming ... (read more)
Four tapped for induction to Gaming Hall of Fame23 July 2014
LAS VEGAS -- The casino industry’s first female gaming regulator, a former Las Vegas mayor turned gaming executive, an American Indian gaming pioneer and a late gaming law expert will be inducted into the Gaming Hall of Fame in September. The American Gaming Association (AGA) announced the 2014 inductees Monday. ... (read more)
Ashes to ashes: Strip smoking could end21 July 2014
LAS VEGAS -- The idea of a full-scale smoking ban in Nevada casinos seems out of place. The “No Smoking” concept doesn’t fit the Strip’s “do anything” reputation. Of the 23 states with commercial casinos, 18 outlaw smoking in casinos. In Nevada, a voter referendum in 2006 banned smoking in all public places — excluding casino floors. ... (read more)
IGT-GTECH deal called plus for industry17 July 2014
LAS VEGAS -- IGT - International Game Technology’s $6.4 billion buyout at the hands of lottery giant GTECH Corporation was all about timing. After years without consolidation of the manufacturing side of the gaming industry, the deal between Italy-based GTECH and Nevada-based IGT marked the fourth major transaction in the sector since late last year. ... (read more)
Las Vegas Sands: Strong growth in Q2 profit17 July 2014
LAS VEGAS -- Maybe the investment community is expecting too much from Las Vegas Sands Corp. The casino operator Wednesday credited another strong quarter from the company’s casinos in Macau with producing double-digit increases in both revenues and earnings. But the figures didn’t meet analyst projections. ... (read more)
Inside Gaming: Prospects growing bleaker for Boardwalk16 July 2014
The damage to Atlantic City associated with Superstorm Sandy in 2012 amounted to a few broken windows compared to the economic tornado tearing through the Boardwalk this year. Four casinos could be closed by fall, displacing more than 8,000 workers — 25 percent of the city’s workforce — and leaving the famous seaside resort looking more like a boarded-up slum. ... (read more)
IGT sold in $6.4 billion deal with lottery giant GTECH16 July 2014
Slot machine manufacturer IGT - International Game Technology has been sold for $6.4 billion to lottery giant GTECH Corporation in a merger that will create the world’s largest gaming equipment provider. Under terms of the agreement, IGT and GTECH will combine under a newly formed holding company organized in the United Kingdom. ... (read more)
United Coin Machine changes name to Century Gaming Technologies15 July 2014
LAS VEGAS -- Slot route operator United Coin Machine Company has changed its name to Century Gaming Technologies to reflect the name of its corporate parent and capitalize on changes made to the company’s product offerings. Under United Coin, the company operates 3,250 slot machines in 440 bars, taverns, restaurants and other locations in Southern Nevada. ... (read more)
Hacienda to transform into Hoover Dam Lodge15 July 2014
Ally Estey grew up in Oregon, spending many weekends in rustic lodges at several of the state’s destinations, including Crater Lake. When it came time to help redesign the run-down Hacienda near Boulder City, which was purchased in December by Nevada Restaurant Services, Inc. — parent company of the Dotty’s ... (read more)
International Mob-connected ring linked to illegal World Cup betting at Caesars15 July 2014
LAS VEGAS -- An FBI-led raid has shut down a multimillion-dollar illegal sports betting operation at Caesars Palace that authorities say was run by Malaysian and Chinese nationals who were taking wagers on the World Cup soccer tournament. Authorities have linked one of the ringleaders, Paul Phua, to a well-known Chinese crime syndicate. ... (read more)
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