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Howard Stutz Gaming Guru - Page 78Multimedia Games acquires PokerTek in $13 million deal1 May 2014
Slot machine provider Multimedia Games, Inc. said Wednesday it spent $13 million to acquire electronic table game company PokerTek, Inc. The transaction was announced as part of Multimedia Games’ second quarter earnings, in which the manufacturer said it grew both profits and revenue in the quarter that ended March 31. ... (read more)
Green Valley Ranch Resort getting $20 million in upgrades1 May 2014
LAS VEGAS -- Station Casinos, Inc. announced plans Wednesday to spend $20 million on improvements to Green Valley Ranch Resort, Spa and Casino by adding four restaurant and bar concepts and other amenities to the hotel-casino in Henderson. The move comes after the company recently announced a $35 million renovation to Red Rock Resort. ... (read more)
Venetian, Palazzo barely an afterthought with Macau in the mix1 May 2014
LAS VEGAS -- There is a reason analysts spent about 40 minutes questioning Las Vegas Sands Corp. officials last week about the company’s over-the-top results in Macau. It has to do with Confucius. During a conference call to discuss Las Vegas Sands’ first-quarter earnings — net income of $776.2 million on ... (read more)
MGM Resorts posts best quarterly operating performance since 200830 April 2014
LAS VEGAS -- MGM Resorts International on Tuesday reported its best quarterly operating performance in six years. Now, the casino company, whose Strip holdings include Bellagio, MGM Grand Las Vegas, Mandalay Bay Resort & Casino and the CityCenter development, is looking to better that performance. The Las ... (read more)
Baccarat results boost casinos; analysts see other upbeat indicators30 April 2014
LAS VEGAS -- Baccarat results helped Nevada casinos end 2014’s two-month gaming revenue slide in March. But analysts said there were other positive indications, beyond the totals produced by the high-end card game, that point toward an overall market turn-around. The Nevada State Gaming Control Board said Tuesday gaming revenue statewide increased 7.6 percent to $982.2 million during the month. ... (read more)
Author of report says both sides misrepresent study on Web gambling, money laundering30 April 2014
The author of a new report on the use of Internet gaming for money laundering activities said Monday the findings of the study have been misrepresented by both anti-online wagering activists and pro-Web gaming backers. The white paper — “Jackpot! Money Laundering Through Online Gambling” — was released last ... (read more)
Nikodemus named COO of MGM Resorts International regional division29 April 2014
LAS VEGAS -- MGM Resorts International named Anton Nikodemus as chief operating officer of the company’s new regional division. In the new role, Nikodemus will oversee MGM Resorts’ casino operations in Mississippi, Detroit, and projects planned for Springfield, Mass., and Prince George’s County, Md. ... (read more)
MGM aims to make a bit of the Strip a more interesting place to walk and play29 April 2014
MGM Resorts International today will unveil detailed plans for an eight-acre outdoor destination on the Strip that will connect the New York-New York Hotel & Casino and Monte Carlo Resort and Casino with a pedestrian-friendly environment. Simply dubbed The Park, the space on the Strip’s west side will include landscaped areas, casual eateries, bars, restaurants and retail attractions. ... (read more)
Report's author says both sides misrepresent study on Web gambling, money laundering29 April 2014
The author of a new report on the use of Internet gaming for money laundering activities said Monday the findings of the study have been misrepresented by both anti-online wagering activists and pro-Web gaming backers. The white paper — “Jackpot! Money Laundering Through Online Gambling” — was released last ... (read more)
Talks between major shareholders in Affinity Gaming may resolve board infighting28 April 2014
LAS VEGAS -- Talks between the two largest shareholders in casino operator Affinity Gaming may resolve board infighting over control of the Las Vegas-based company that operates 11 properties in four states. In separate filings with the U.S. Securities and Exchange Commission this week, Connecticut-based ... (read more)
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