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Howard Stutz Gaming Guru - Page 90Caesars employees approve five-year contract with Culinary union30 January 2014
LAS VEGAS -- About 13,000 Caesars Entertainment Corporation employees covered by Culinary Local 226 on Tuesday overwhelmingly approved a five-year contract between the union and casino company. A Caesars spokesman said 97 percent of the employees approved the agreement, which covers wages and benefits for ... (read more)
Caesars casino in Philadelphia under scrutiny after authorities close adjoining racetrack28 January 2014
A casino in suburban Philadelphia operated by Caesars Entertainment Corporation could face closure by Pennsylvania gaming regulators after its adjoining harness racing track was shut down by state authorities. Harrah’s Philadelphia, which is located in Chester, Pa., roughly 20 miles south of downtown Philadelphia, operates as one of five state-licensed racetrack casinos. ... (read more)
Gaming companies have lucrative deals operating Indian casinos27 January 2014
LAS VEGAS -- New casino development in Las Vegas is on lockdown. Gaming expansion into states beyond recently approved markets is virtually nonexistent. Those are two reasons regional casino giant and M Resort owner Penn National Gaming, Inc. struck a deal with a San Diego-area Indian tribe to develop a long-stalled casino complex in Southern California. ... (read more)
Casinos in Japan? Bet your last yen on it27 January 2014
It’s game on, Japan. Word leaked out this past week that two Nevada casino companies have made inroads with Japanese officials to build a nearly $5 billion hotel-casino in Osaka. Now other gaming operators have their corporate jets pointed toward the east Asia island nation. The only thing missing is legislation authorizing casinos. ... (read more)
DoubleDown Casino founders leave IGT27 January 2014
The founders of the social gaming product DoubleDown Casino have left the company, two years after it was purchased by IGT - International Game Technology. The news follows IGT’s first-quarter earnings release, in which the slot machine giant said it could see a profit decline this year because of several “acquisition-related expenses” surrounding DoubleDown. ... (read more)
Gallup CEO warns of future woes, calls job creation key27 January 2014
LAS VEGAS -- Gallup CEO Jim Clifton didn’t try to put a positive spin on America’s future during his keynote address Friday at Preview Las Vegas 2014. Clifton, who has been the consulting and public opinion research group’s CEO since 1988, said political and business leaders need to change their thinking if the U.S. ... (read more)
National Finals Rodeo to stay in Las Vegas for 10 years27 January 2014
LAS VEGAS -- The National Finals Rodeo will remain in Las Vegas through 2024 after Las Vegas Events and the Professional Rodeo Cowboys Association reached agreement on a new 10-year contract Friday. The agreement ends a flirtation by the PRCA, the sanctioning body that oversees the NFR, with Orlando, Fla., and Dallas. ... (read more)
International Game Technology reports 21 percent rise in net income24 January 2014
LAS VEGAS -- Slot machine maker IGT - International Game Technology grew profits and revenue in the first quarter despite what company officials described as “market challenges.” IGT, which has headquarters in both Las Vegas and Reno, said Thursday its net income for the quarter ended Dec. 31 increased 21 percent to $79.2 million, compared with $65.3 million in the same quarter a year ago. ... (read more)
Gaming regulators accept fine of $125,000 for Bally Technologies Inc.24 January 2014
LAS VEGAS -- The Nevada State Gaming Control Board Gaming Commission on Thursday accepted slot machine maker Bally Technologies, Inc.’s $125,000 fine that settled a 28-count complaint with state gaming regulators, but at least one member of the panel thought the penalty wasn’t high enough. The Las ... (read more)
Gaming, Olympic officials on lookout for betting irregularities23 January 2014
LAS VEGAS -- The Nevada State Gaming Control Board Gaming Commission and the International Olympic Committee announced Tuesday the organizations will work together to ensure the integrity of the competition at the upcoming Sochi Winter Olympics in Russia. In a statement, the regulatory agency and the IOC ... (read more)
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