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Howard Stutz Gaming Guru - Page 74MGM Resorts takes cautious approach to actual real money Internet gaming28 May 2014
MGM Resorts International supports the legalization of online wagering in the U.S. The casino giant holds an interactive gaming license in Nevada. But the company’s Internet presence is devoted to a free-to-play casino site that allows customers of its M Life loyalty program to earn rewards, which can be redeemed at MGM properties in Las Vegas and Mississippi. ... (read more)
Two downtown Boyd casinos reach deal with Culinary, Bartender unions27 May 2014
LAS VEGAS -- Two downtown Las Vegas casinos operated by Boyd Gaming Corporation reached tentative contract agreements with two unions, leaving seven properties unsettled and targets for a potential strike starting Sunday morning. Culinary Workers Local 226 and Bartenders Local 165 said Tuesday it reached ... (read more)
New life being breathed into locals gaming market26 May 2014
You know things are on the upswing in the locals gaming market when the two Arizona Charlie’s casinos report a first-quarter net revenue increase. It’s been a while since that happened. It wasn’t a large bump — less than 1 percent credited to increased slot machine revenue, hotel occupancy and restaurant ... (read more)
Unions plan last-ditch talks to avert downtown strike26 May 2014
In a last-ditch effort to avert a planned Sunday walkout by downtown Las Vegas hotel workers, two unions have scheduled contract talks with several property representatives to try and reach a new agreement. In a statement, Culinary Workers Local 226 and Bartenders Local 165 said it would meet starting ... (read more)
Inside Gaming: Beware gaming equipment investing25 May 2014
Save for a few small companies, Wall Street has thrown in the towel on slot machine manufacturers for 2014. Without new hotel-casino openings (other than The Cromwell and SLS Las Vegas) and a slot machine replacement market that analysts term “nonexistent,” the investment community has been advised to view the gaming equipment sector with caution. ... (read more)
Dan Lee, after bicycle accident, resigns as Palms CEO24 May 2014
Gaming executive Daniel Lee, who took over as CEO of The Palms Casino Resort in October, has resigned, a spokesman for the off-Strip property said Friday. Lee, a former chairman and CEO of Pinnacle Entertainment and chief financial officer of Mirage Resorts, “resigned to pursue other business opportunities,” Palms spokesman Alex Acuna said in an email. ... (read more)
Gaming commissioners give OK to Genting; construction to begin this summer23 May 2014
LAS VEGAS -- The Nevada Gaming Commission and Control Board found Malaysia-based Genting Malaysia Berhad suitable to do business in the state, and company officials said Thursday construction would begin this summer on the $4 billion Resorts World Las Vegas. The development is located on the 87-acre Strip site that once was home to the Stardust and where the unfinished Echelon stands. ... (read more)
Medical pot sales by gaming licensees? Nevada commission just says no23 May 2014
Here’s the latest word for Nevada gaming licensees who want to plunge into the state’s new medical marijuana marketplace: The answer is still no. The Nevada Gaming Commission voted Thursday to uphold the state Gaming Control Board’s edict earlier this month that keeps anyone with a gaming license from ... (read more)
Caesars completes sale of Harrah's New Orleans22 May 2014
LAS VEGAS -- Caesars Entertainment Corporation completed sale Tuesday of Harrah’s New Orleans Casino to Caesars Growth Partners after receiving approval from the Louisiana Gaming Control Board. The transaction was approved Monday. In conjunction with the closing, Caesars Growth Partners refinanced the loan ... (read more)
For revitalizing cities it's the gaming - and a lot more22 May 2014
BALTIMORE, Maryland -- Chad Barnhill carefully maneuvered visitors through an active construction site Monday that is quickly becoming the $442 million The Horseshoe Casino Baltimore. He paused in front of floor-to-ceiling windows on the second floor. In clear view was M&T Bank Stadium, home of the National Football League’s Baltimore Ravens, seemingly as close as a couple of Joe Flacco passes. ... (read more)
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