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Howard Stutz Gaming Guru - Page 83Analysts wary of market-share erosion for slot maker IGT25 March 2014
There is a target on the back of slot machine manufacturer IGT - International Game Technology. Despite first-quarter results that were well received by investors, at least two analysts raised concerns in recent weeks that IGT could be bleeding away slot machine market share to the competition. Credit ... (read more)
Murren wants AGA to dial down the rhetoric on Web poker24 March 2014
LAS VEGAS -- MGM Resorts International Chairman Jim Murren wants the American Gaming Association (AGA) to dial down its lobbying and advocacy efforts on behalf of legalizing Internet poker because the activity is fracturing the membership of the Washington, D.C.-based trade organization. Murren, who began a ... (read more)
Summer launch seen for Nevada gaming pact with Delaware24 March 2014
LAS VEGAS -- Nevada’s newly christened Internet gaming agreement with Delaware could launch this summer, and Gov. Brian Sandoval said he hopes to add more states to the compact. Sandoval said “it’s no secret” that he has spoken with New Jersey Gov. Chris Christie about the Garden State entering into the Multi-State Internet Wager Agreement he signed last month with Delaware Gov. ... (read more)
Golf course villa will now cost Steve Wynn $525,000 annually21 March 2014
LAS VEGAS -- Steve Wynn will have to come up with an extra $525,000 a year if he wants to continue to live at his golf course villa at Wynn Las Vegas. Wynn Resorts, Limited, in a filing with Securities and Exchange Commission Thursday, said the company chairman and CEO will now be responsible for leasing the villa after a change in his compensation plan. ... (read more)
Gaming regulators OK Caesars plan to sell resorts to affiliate21 March 2014
LAS VEGAS -- State gaming regulators signed off Thursday on Caesars Entertainment Corp.’s plan to sell four of its resorts to the company’s Caesars Growth Partners affiliate for $2.2 billion. The deal, which was announced 18 days ago, is akin to a transfer of assets from the parent company to a business ... (read more)
Gaming Commission OKs $500k fine against Mandalay Bay, signals rest of industry21 March 2014
LAS VEGAS -- The Nevada State Gaming Control Board Gaming Commission on Thursday signed off on a $500,000 fine against Mandalay Bay but also used the penalty to send a warning to the rest of the casino industry. Representatives of Mandalay Corporation, the MGM Resorts International subsidiary that operates ... (read more)
LVH workers, Culinary and Bartenders unions reach agreement20 March 2014
LAS VEGAS -- Workers at the LVH reached a tentative agreement on a new five-year contract with Culinary and Bartenders unions, it was announced Wednesday. The contract would replace the agreement that expired last June. Employees still need to ratify the deal. The settlement with LVH means Culinary Workers ... (read more)
Sands executive in hostile territory at iGaming conference20 March 2014
LAS VEGAS -- Admittedly, Las Vegas Sands Corp. Vice President of Government Affairs Andy Abboud was in unfriendly territory Wednesday during iGaming North America Conference’s opening session at Planet Hollywood Resort & Casino. Abboud has been the front person while Las Vegas Sands waged a war over the past few months in opposition of legalizing Internet gaming. ... (read more)
Caesars gains preliminary OK for $795 million South Korean hotel-casino19 March 2014
LAS VEGAS -- Caesars Entertainment Corporation has won preliminary approval from the South Korean government to build a $794.7 million hotel-casino complex near the country’s largest airport outside Seoul. The ruling does not guarantee that the joint venture between Caesars, Hong Kong-based real-estate developer Lippo Group and a Korean developer will receive a gaming license. ... (read more)
Las Vegas says goodbye to Jackie Gaughan19 March 2014
LAS VEGAS -- The memorial service for gaming industry pioneer Jackie Gaughan was as much a window into Las Vegas history as it was a celebration of the life of the downtown casino operator, who died last week at age 93. Longtime customers and employees of Gaughan, who owned parts of eight casinos during his 64-year gaming career, filled the 900 seats in St. ... (read more)
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