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Howard Stutz Gaming Guru - Page 89Coalition backed by AGA, MGM to fight any push to ban Internet gaming6 February 2014
The casino industry is officially split on Internet gaming. A new Washington, D.C.-based coalition, backed by MGM Resorts International and the American Gaming Association, on Wednesday launched an effort to halt any congressional move to ban online wagering. The Coalition for Consumer and Online ... (read more)
SLS Las Vegas, formerly the Sahara, will open Labor Day weekend6 February 2014
LAS VEGAS -- The $415 million SLS Las Vegas Hotel Casino will open Labor Day weekend, almost three years and three months after the hotel-casino, formerly known as the Sahara, was closed. SBE Entertainment Group, LLC CEO Sam Nazarian on Wednesday announced the opening plans for the weekend of Aug. 29-Sept. ... (read more)
Macau casinos report 7 percent increase in January, collect $3.6 billion6 February 2014
The Macau casino market ended 11 straight months of double-digit-percentage gaming revenue increases in January and recorded its lowest single month growth rate since October 2012 — but don’t think for one minute the region is crying poor. The Macao Gaming Inspection and Coordination Bureau said Thursday ... (read more)
Bally Technologies, Boyd Gaming enter slot machine agreement4 February 2014
LAS VEGAS -- Bally Technologies, Inc. announced a systems agreement Monday with Boyd Gaming Corporation to operate the casino company’s slot machines in 18 casinos in seven states. Financial details were not disclosed. Analysts, however, provided wide speculation on the value of the contract. The ... (read more)
Wynn gets OK for online gambling in New Jersey but puts efforts on hold4 February 2014
LAS VEGAS -- New Jersey gaming regulators have given Wynn Resorts Ltd. approval to offer an Internet wagering website within the state’s boundaries, but a spokesman for the Las Vegas-based casino operator said the company’s online gambling efforts are on hold. Wynn Resorts spokesman Michael Weaver said ... (read more)
Slots provider Multimedia Games reports profit in quarter ending Dec. 313 February 2014
LAS VEGAS -- An expanding market helped slot machine provider Multimedia Games, Inc. increase profits in revenues in the company’s first quarter. Multimedia, which is based in Austin, Texas, but has sales and marketing offices in Las Vegas, said Thursday its net income for the quarter that ended Dec. ... (read more)
Baccarat helps drive Nevada gaming revenue to $11 billion in 20133 February 2014
LAS VEGAS -- Nevada’s casino industry cracked the $11 billion gaming revenue figure during 2013, the first time the benchmark had been reached since 2008. The Strip, where gaming revenues grew 4.8 percent, recorded its largest single-year percentage increase since 2011. All thanks to baccarat. The Gaming ... (read more)
The Cromwell latest name for former Barbary Coast on the Las Vegas Strip3 February 2014
LAS VEGAS -- So long Bill’s Gamblin’ Hall and Saloon and good riddance Gansevoort Las Vegas. Meet The Cromwell. Caesars Entertainment Corp.\oration Friday announced a third name in less than a year for the Strip casino that originally was opened as the Barbary Coast. The small hotel-casino at the ... (read more)
In talks over keeping National Finals Rodeo, Orlando, Dallas never had a chance3 February 2014
LAS VEGAS -- Did you seriously think Las Vegas was going to lose the National Finals Rodeo to Orlando, Fla., or Dallas? After six weeks of back-and-forth rhetoric, a new 10-year agreement was announced Jan. 24 to keep the NFR in Las Vegas — its home for 29 years — through 2024. Cowboys and stock contractors will get about $6 million more a year in prize and sponsorship money. ... (read more)
Revenue juggernaut: Las Vegas Sands' figures top Nevada, Atlantic City combined30 January 2014
LAS VEGAS -- Las Vegas Sands Corp. produced more revenue in 2013 than Nevada and Atlantic City combined. Buoyed by a 28 percent increase in revenue from its Macau subsidiary during the fourth quarter, the casino operator grew profits by 32.8 percent companywide for the three-month period ended Dec. ... (read more)
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