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Howard Stutz Gaming Guru - Page 93Poster to appeal rejection of suitability to Nevada Gaming Commission19 December 2013
LAS VEGAS -- Former Golden Nugget owner Tim Poster, whose request for a preliminary finding of suitability from the Nevada State Gaming Control Board Gaming Commission was rejected two weeks ago, is appealing the recommendation to the Nevada Gaming Commission on Thursday. Poster, 45, is hoping a finding of ... (read more)
Remakes of properties, work on Resorts World expected to enliven Las Vegas Strip in 201418 December 2013
LAS VEGAS -- The biggest gaming story of 2014 might be a 2016 or a 2017 event. Malaysia-based Genting Group is expected to begin construction sometime in 2014 on the $2 billion-to-$7 billion Resorts World Las Vegas, returning construction activity to the 87-acre Echelon site that has sat dormant for almost five years. ... (read more)
Casinos hunger for Walking Dead game18 December 2013
LAS VEGAS -- Zombies soon will be chasing Pat Sajak and Vanna White, Dorothy and the Oompa Loompas across casino floors. Officials from Aristocrat Technologies officials said a slot machine based on the AMC cable television series “The Walking Dead” is the company’s most successful new game ever — and that is before the first wager is even placed. ... (read more)
Caesars Entertainment, Starwood Hotels link customer loyalty programs18 December 2013
LAS VEGAS -- Caesars Entertainment Corporation and Starwood Hotels & Resorts Worldwide Inc. announced a partnership Tuesday linking the two chains’ customer loyalty programs. The partnership between Caesars’ Total Rewards and Starwood’s Preferred Guest begins Jan. 9. Customers who link their accounts will ... (read more)
Wynn Resorts, Station Casinos to join American Gaming Association18 December 2013
The Washington, D.C.-based American Gaming Association (AGA) announced Tuesday it would add three new members, including Wynn Resorts, Ltd. and Station Casinos, Inc. Racetrack and casino operator Churchill Downs Incorporated also will join the organization, which represents the commercial gaming industry on Capitol Hill. ... (read more)
MGM plans to refinance $500 million in debt18 December 2013
LAS VEGAS -- MGM Resorts International said Monday it was refinancing $500 million of the company’s debt which is coming due in February. The casino operator proposed issuing new debt due in March 2020 and would use the proceeds “for general corporate purposes,” which could include repaying some of the outstanding debt that matures in February. ... (read more)
Inside Gaming: SLS aims to avoid Cosmo's mistakes16 December 2013
LAS VEGAS -- Much has been speculated about the business model for SLS Las Vegas. Los Angeles-based SBE Entertainment Group, LLC is spending $415 million to transform the Rat Pack-era Sahara into a stylish, ultramodern hotel, bringing to the Strip amenities closely associated with Hollywood and Beverly Hills, Calif. ... (read more)
Gaming advisement firm disputes Caesars' assertion of suitability16 December 2013
A New Jersey gaming advisement firm disputed a claim raised in a lawsuit by Caesars Entertainment Corporation that it told Massachusetts regulators the casino operator should be found suitable to operate a Boston-area resort complex. Spectrum Gaming Group LLC, which conducted a suitability background ... (read more)
Las Vegas Sands cancels $30 billion EuroVegas development in Spain16 December 2013
LAS VEGAS -- Las Vegas Sands Corp. on Friday canceled plans for a $30 billion resort and gaming complex in Madrid, saying the EuroVegas development was no longer in the best interests of the company’s shareholders. In a statement, Las Vegas Sands said it would focus on development opportunities in Asia. ... (read more)
Macau operations help credit profiles of Las Vegas Sands, Wynn Resorts12 December 2013
LAS VEGAS -- Compared with the competition, Las Vegas Sands Corp.’s outstanding long-term debt of just less than $10 billion seems manageable, which led Wall Street to praise the company’s plans to restructure a portion of the obligations. The difference between Las Vegas Sands’ debt of $9.76 billion and the industry-high $23.7 billion owed by Caesars Entertainment Corp. ... (read more)
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