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Howard Stutz Gaming Guru - Page 85Tropicana reaches five-year deal with Culinary, Bartenders unions7 March 2014
LAS VEGAS -- The Tropicana Las Vegas said Thursday it reached tentative agreement on a new five-year labor contract with Culinary Local 226 and Bartenders Local 165, covering some 650 nongaming employees at the Strip resort. The deal with between the hotel and the negotiating committee still needs to be ratified by the employees. ... (read more)
Ultimate Gaming to provide online poker for Peppermill, affiliated casinos7 March 2014
LAS VEGAS -- Ultimate Gaming was already attracting poker players from Northern Nevada to play the company’s Internet wagering platform. An agreement announced Thursday with the Peppermill Resort Spa Casino Reno and four Northern Nevada casinos operated by the same company could grow that customer base. ... (read more)
Two Las Vegas Sands executives resign7 March 2014
LAS VEGAS -- Two high-level Las Vegas Sands Corp. executives have resigned from the company in recent weeks, including the casino operator’s top official for global operations. The company announced the departure of executive vice president of global operations Chris Cahill in a three-sentence filing with the Securities and Exchange Commission on Wednesday. ... (read more)
Big rewards in China create flexibility for MGM Resorts7 March 2014
LAS VEGAS -- MGM Resorts International is showing investors what a 51 percent ownership stake in its publicly traded Chinese subsidiary means financially to the casino operator’s business back home. At least $320 million this month alone. The figure is MGM Resorts’ share of some $628 million in quarterly and special dividends that MGM China will award to shareholders this month. ... (read more)
Boyd Gaming displays interest in Japan casino6 March 2014
LAS VEGAS -- Add Boyd Gaming Corporation to the race to operate a casino in Japan. CEO Keith Smith used a fourth-quarter conference call Wednesday to express Boyd Gaming’s interest in the potential Japanese casino market. The country is exploring casino legalization as a way to pay for infrastructure associated with being host of the 2020 Summer Olympic Games in Tokyo. ... (read more)
SLS Las Vegas to become part of Preferred Hotels & Guests loyalty program6 March 2014
LAS VEGAS -- The $415 million SLS Las Vegas Hotel Casino will become part of the Preferred Hotels & Resorts guest loyalty program, which includes a worldwide collection of 450 independent hotels and resorts. The 1,600-room hotel, which is expected to open Labor Day weekend, is the first Las Vegas property in the Preferred Hotels system, the company’s said in a statement Wednesday. ... (read more)
The next Strip mega-resort is underway4 March 2014
LAS VEGAS -- To the naked eye, not much has changed in the year that passed since Malaysia-based Genting Group announced plans to build the $2 billion to $7 billion Resorts World Las Vegas on 87 acres on the Strip. The concrete-and-steel structure — remnants of the unfinished Echelon development mothballed by Boyd Gaming Corporation in 2008 — remain standing. ... (read more)
Adelson returns to top 10 of Forbes List of World Billionaires4 March 2014
LAS VEGAS -- Las Vegas Sands Corp. Chairman Sheldon Adelson, whose net worth grew to $38 billion in 2013, returned to the top 10 of the Forbes List of the World’s Billionaires for the first time since 2007. Adelson, 80, who owns 53 percent of the company that operates casinos in Las Vegas, Macau, Singapore and Pennsylvania, added $11.5 billion to net worth in the past year. ... (read more)
Caesars sells four properties, including three on Las Vegas Strip, to subsidiary4 March 2014
LAS VEGAS -- Caesars Entertainment Corporation announced a deal Monday to sell three of its Strip resorts and Harrah’s New Orleans to its Caesars Growth Partners subsidiary for $2.2 billion. The move is more akin to a transfer of assets to a company that was created last year to help the world’s largest ... (read more)
Celebration of new year helps Macau gaming revenue reach $4.8 billion in February4 March 2014
Macau shattered its single-month record for gaming revenue in February, collecting $4.8 billion from gamblers who were attracted to the market for the Chinese New Year celebration. The figure, released Monday by Macau’s Gaming Inspection and Coordination Bureau, was the third $4 billion gaming month in the last five months for the only market in China where casinos are legal. ... (read more)
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