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Howard Stutz Gaming Guru - Page 69Slot route operator "blindsided" by Gaming Control Board ruling15 July 2014
LAS VEGAS -- The primary owner of a slot machine route operation, whose wife is an investor in a potential Clark County medical marijuana dispensary, said state gaming regulators “blindsided” him when they told owners of a Las Vegas restaurant — where he was set to manage five slot machines — to find a new partner. ... (read more)
General manager for downtown Las Vegas properties emphasizes customer service14 July 2014
LAS VEGAS -- To Michael Pergolini, there isn’t much difference between serving as the executive chef in a stylish Southern California restaurant or operating a venerable downtown Las Vegas hotel-casino. Both jobs revolve center on how you treat customers. “It all starts by being in the people business and ... (read more)
Isle of Capri Casinos shakes up corporate management14 July 2014
LAS VEGAS -- Isle of Capri Casinos, Inc. may have answered questions of whether or not the regional casino operator was for sale. On Thursday the St. Louis-based company announced a management shake-up at the corporate level, eliminating the executive chairman role with the board of directors and the chief strategic officer position. ... (read more)
Slot operator sanctioned over medical pot14 July 2014
LAS VEGAS -- The Nevada State Gaming Control Board told owners of a Las Vegas restaurant Thursday to find a new slot machine route operator for the business’s games — one whose owner doesn’t have ties to medical marijuana. The decision marks the first time gaming regulators have ruled on a licensing matter concerning a gaming business in light of the state’s fledgling medical pot industry. ... (read more)
State gaming regulators recommend plan to link online poker websites14 July 2014
LAS VEGAS -- State gaming regulators tentatively approved a planned interactive gaming system that could house online poker websites for multiple casinos, potentially increasing the player pool in Nevada. Regulators said the technology, which is operated by Gibraltar-based 888 Holdings Plc, could be the ... (read more)
Speculation abounds on casino industry mergers, acquisitions14 July 2014
LAS VEGAS -- IGT - International Game Technology is the most prominent gaming company with a “For Sale” sign planted in the front yard. But the slot machine giant is not alone. For the first time since the recession dried up credit markets and brought mergers and acquisition activity to a standstill, the casino industry is awash with speculation about transactions. ... (read more)
Affinity Gaming warns it expects to default on portion of its long-term debt8 July 2014
LAS VEGAS -- Casino operator Affinity Gaming warned investors it was expecting to default on a portion of its $382.7 million in long term debt, but the company expects to fix the issues with its lenders. Affinity, which operates 11 casinos in Nevada, Colorado, Missouri and Iowa, said in a filing with the ... (read more)
Owner of Dotty's buys River Palms in Laughlin for $6.75 million8 July 2014
LAS VEGAS -- For the second time in less than a year, the Las Vegas-based parent company of tavern operator Dotty’s has bought an under-performing hotel-casino in Southern Nevada. Nevada Restaurant Services, Inc. announced last week it was paying $6.75 million to acquire the River Palms Resort Casino in Laughlin from Atlantic City-based Tropicana Entertainment, LLC. ... (read more)
California Indian casino built and managed by Station Casinos rising to top of class8 July 2014
The Graton Resort & Casino near Santa Rosa, Calif., has not yet celebrated its first anniversary. But one analyst hinted recently the Indian casino — which was built by Station Casinos, Inc. and is being operated by the locals gaming giant — is quickly rising to the top of the class in tribal gaming-rich California. ... (read more)
For a Gaughan, buying a hotel-casino is child's play7 July 2014
LAS VEGAS -- The fourth generation of the Gaughan family is already making its mark in the gaming business. John Gaughan — son of South Point owner Michael Gaughan and grandson of the late downtown gaming pioneer Jackie Gaughan — was seeking potential casino management and investment opportunities in Nevada. ... (read more)
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