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Howard Stutz Gaming Guru - Page 94Caesars files lawsuit against Massachusetts gaming commission chairman12 December 2013
Caesars Entertainment Corporation filed a lawsuit against Massachusetts Gaming Commission Chairman Stephen Crosby, claiming the state’s top gaming regulator had several conflicts of interest that ultimately played into the casino giant’s departure from a proposed $1 billion Boston-area gaming complex. ... (read more)
So sorry, Mr. Poster, your plug's been pulled9 December 2013
LAS VEGAS -- If Tim Poster’s suitability hearing in front of Nevada gaming regulators had been filmed for reality television, it might have saved that awful “The Casino” series he and business partner Tom Breitling had when they owned the Golden Nugget in 2004. Low ratings caused the show’s cancellation after a half-dozen episodes. ... (read more)
Top Bay State gaming official rebuffs criticism9 December 2013
It has been two years since Massachusetts took steps to become the gaming industry’s next casino development destination, but cards haven’t left the dealing shoes and slot machines remain silent. Local Massachusetts communities have rejected three casino proposals in the past 12 months. State gaming officials have yet to license a single casino operator. ... (read more)
Mixed results for East Coast Internet gaming rollouts9 December 2013
If his gaming analyst job doesn’t work out, Brian McGill could try winning a seat in the Main Event at the World Series of Poker. At least the Internet version. In late November, McGill, who follows publicly traded casino companies and slot machine manufacturers for financial services company Janney ... (read more)
Acquisition of Hacienda gets gaming regulators' preliminary OK5 December 2013
Nevada Restaurant Services, Inc., which operates more than 80 Dotty’s taverns statewide, was given preliminary approval Wednesday by the Gaming Control Board to acquire the Hacienda near Boulder City. The 289-room hotel-casino overlooking Lake Mead will be renamed the Hoover Dam Lodge and will close for a week over Christmas once the sale is finalized. ... (read more)
Gaming regulators reject former casino exec's suitability request5 December 2013
LAS VEGAS -- Former Golden Nugget owner and Wynn Resorts, Limited executive Tim Poster struck out Wednesday in an attempt to gain a preliminary finding of suitability from Nevada gaming regulators, an initial step toward receiving a full-fledged gaming license. The Gaming Control Board spent more than 4 1/2 ... (read more)
Grand Bazaar Shops planned for entrance to Bally's Las Vegas4 December 2013
LAS VEGAS -- Even with competition from more than a half-billion dollars’ worth of elaborate Strip retail districts under development, Larry Siegel says his planned Grand Bazaar Shops near the entrance to Bally’s - Las Vegas will stand out. His design and concept inspiration was the “world’s great markets,” ... (read more)
Las Vegas Sands Corp. announces plans to refinance existing debt3 December 2013
LAS VEGAS -- Las Vegas Sands Corp. announced plans Monday to refinance the company’s existing debt using a consortium of banks. The casino operator, which owns The Venetian and Palazzo as well as casinos in Macau and Singapore, said in the brief statement the proposed refinancing would extend the maturity dates for the company’s long-term debt and remove certain financial covenants. ... (read more)
Q&A with Dennis Mathews, operations manager for Red Rock Lanes3 December 2013
LAS VEGAS -- Dennis Mathews, 44, picked up his first bowling ball at age 8 and has spent most of his life in a bowling center. He wouldn’t have it any other way. Mathews, who has operated the 72-lane Red Rock Lanes inside Station Casinos’ Red Rock Casino, Resort & Spa since its opening in 2006, has spent 27 years in bowling center management. ... (read more)
Macau gaming revenues reach $40 billion in 20133 December 2013
With one month left in 2013, Macau’s casino industry already has blown away its 2012 record gaming revenue production. In November, Macau casinos collected $3.8 billion from customers, which, when added to the figures from the previous 10 months, gives the market $40.9 billion in gaming revenues in 2013. ... (read more)
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