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Howard Stutz Gaming Guru - Page 9Inside Gaming: East Fremont development helps downtown casinos boom4 November 2015
Downtown Las Vegas is outshining the Strip. Through September, downtown casinos have seen gaming revenue increase almost 6% compared to 2014. During those same nine months, the Strip is down 1.5%. Boyd Gaming Corp., the only downtown casino operator that publicly reports financial results, said last month ... (read more)
Macau gaming revenue dips for the 17th straight month3 November 2015
Macau's casino market saw gaming revenue dip for the 17th straight month during October, despite the opening of a multibillion dollar hotel-casino and the lucrative Golden Week holiday. The good news? The 28.4 percent decline snapped an eight-month winless streak by Macau casino operators of 30 percent or ... (read more)
Social gaming revolutionizes the casino floor as revenue continues to grow1 November 2015
A clearer picture of the convergence between social gaming and the casino floor was on full display inside the International Game Technology booth at last month's Global Gaming Expo. IGT utilized the gaming industry's largest trade show to unveil its slot machine themed after the Netflix series "Orange Is the New Black," an acclaimed comedy-drama about life inside a woman's prison. ... (read more)
MGM Resorts forms REIT with 10 properties30 October 2015
MGM Resorts International said Thursday it will place 10 of its properties — including seven on the Strip — into a real estate investment trust that will be 70% owned by the casino giant, but will also offer the company "strategic and financial benefits." The Las Vegas-based company announced the REIT ... (read more)
Nevada gaming revenue increases 1.5% in September30 October 2015
Statewide and Strip gaming revenue ended a three-month slide in September. The Gaming Control Board said Thursday casinos in Nevada collected $916.3 million from gamblers during the month, an increase of 1.5% from a year ago. On the Strip, casino revenue grew 2% to $504.8 million in September. Baccarat ... (read more)
Daily fantasy sports group forms regulatory agency29 October 2015
Daily fantasy sports operators, facing increased scrutiny from state officials and gaming authorities, announced plans to form an industry regulatory agency headed by a former secretary of the U.S. Department of Labor. The Fantasy Sports Trade Association announced the formation of the Fantasy Sports Control Agency. ... (read more)
Las Vegas Club sports memorabilia to be sold29 October 2015
In many ways, the now-closed Las Vegas Club was like a downtown sports museum. Owner Mel Exber turned the casino's walls into a memorabilia shrine, much of it dedicated to the Brooklyn and Los Angeles Dodgers. The restaurant was named the Dugout and the Las Vegas Club's exterior facade was a tribute to Brooklyn's historic Ebbet's Field. ... (read more)
Aftershocks rattle DFS companies after Nevada Gaming Control Board ruling28 October 2015
There are at least 1.3 billion reasons why the operators of DraftKings and FanDuel are beginning to sweat. The two largest daily fantasy sports companies were each valued at $1.3 billion this year by the investment community. Both companies, fueled by hedge funds, investment firms, billionaires, and professional sports leagues, were considering initial public offerings sometime in 2016. ... (read more)
Eldorado Resorts reverses Q3 net loss27 October 2015
Reno-based Eldorado Resorts said Monday it reversed a third quarter net loss despite an overall decline in revenue. Company officials also said they hope to receive Nevada gaming regulatory approval in November to acquire the Reno casino holdings of MGM Resorts International for $72.5 million. Eldorado Resorts said its net income for the quarter that ended Sept. ... (read more)
Former federal Judge Philip Pro appointed to Nevada Gaming Commission27 October 2015
Former U.S. District Judge Philip Pro was named to the Nevada Gaming Commission on Monday to fill out the remaining term left vacant by the resignation of Pat Mulroy earlier this month. Gov. Brian Sandoval, himself a former federal judge, said Pro's "knowledge and judicial temperament will be an asset to ... (read more)
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