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Howard Stutz Gaming Guru - Page 77Gaming board bans casino licensees from medical marijuana trade7 May 2014
LAS VEGAS -- The Nevada State Gaming Control Board told its license holders Tuesday they cannot participate in the state’s potential medical marijuana business. In an industry notice posted to the Control Board’s website, the agency, which is charged with licensing and regulating the state’s casinos and ... (read more)
Affinity Gaming reports second data breach7 May 2014
LAS VEGAS -- Casino operator Affinity Gaming reported a second breach into its system that processes customer credit and debit cards, but the Las Vegas-based company said it currently has “no evidence to indicate that information was stolen.” Affinity, which operates 11 casinos in four states including the ... (read more)
Sorry, IGT, just like McKayla, investors are not impressed7 May 2014
LAS VEGAS -- Remember the photo from the 2012 Summer Olympics of U.S. gymnast McKayla Maroney, standing on the medal podium after taking silver in the vault finals, arms crossed, lips pursed to the side, with a look of disappointment? The image became a viral Internet sensation known as “McKayla is not ... (read more)
What is the Russian for 'Sin City'?6 May 2014
Somehow, “What happens in Crimea, stays in Crimea,” doesn’t seem like an appropriate catchphrase. In April, a month after Russia forcibly annexed the Black Sea peninsula away from Ukraine, President Valdimir Putin said he wants to turn the territory into his own version of Las Vegas. He wasn’t talking ... (read more)
Sands ends speculation on Pennsylvania casino sale, plans investment, taps executive5 May 2014
LAS VEGAS -- Las Vegas Sands Corp. ended speculation Friday that it was looking to sell its Pennsylvania casino, saying the company plans further financial investment into the property, while naming a former Atlantic City casino executive to head the resort. In a statement, Las Vegas Sands named Mark ... (read more)
Macau April gaming revenue enough to ease worries of a market slowdown5 May 2014
The Macau casino industry didn’t produce a third straight $4 billion gaming revenue month in April, but the final total and double-digit increase were enough to ease worries of a market slowdown. Macau’s Gaming Inspection and Coordination Bureau said Friday casinos collected $3.9 billion in gaming revenue during April, a 10.6 percent increase over April 2013. ... (read more)
Downtown Las Vegas events help drive Boyd Gaming properties to best quarter since 20092 May 2014
LAS VEGAS -- Increased business from its three downtown Las Vegas casinos helped Boyd Gaming Corporation offset poor first-quarter results from the company’s regional jurisdictions hurt by weather issues and market softness. The Las Vegas-based company said Wednesday it had its best first quarter in five ... (read more)
Wynn joins chorus of gaming chief executives saying Strip is recovering2 May 2014
LAS VEGAS -- Stop the presses. Steve Wynn declared Las Vegas is on the road to recovery Thursday. At the outset of a first-quarter conference call with analysts, the Wynn Resorts Ltd. chairman and CEO said he was “feeling good about Las Vegas, better than I had in the past.” Wynn based his opinion on the ... (read more)
MGM details $80 million rebranding of The Hotel to Delano Las Vegas2 May 2014
LAS VEGAS -- MGM Resorts International released details Wednesday about the $80 million transformation of the The Hotel into the Delano Las Vegas, which includes remodeling all aspects of the 1,100-room nongaming hotel into a boutique-style luxury property. The transformation began this month and the renovations are scheduled to be completed by September. ... (read more)
Pinnacle Entertainment rebuffs investor proposal for REIT spinoff2 May 2014
LAS VEGAS -- Regional gaming operator Pinnacle Entertainment, Inc. on Wednesday dismissed an investor proposal to spin-off the company’s 14 casinos into a real estate investment trust. During a conference call to discuss the Las Vegas-based company’s first quarter earnings, Pinnacle officials said they are ... (read more)
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