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Rod Smith Gaming Guru - Page 18Casino Earnings: A Scorcher for Station20 October 2004
Giant locals gaming operator Station Casinos on Tuesday posted record earnings for the third quarter with net income of $29.1 million, or 43 cents per share, an increase of 47 percent compared with the prior year's $19.8 million, or 32 cents per share.
Goldman Sachs analyst Steve Kent said in an ... (read more)
Attorney Sues Casinos for Using Card Counting System19 October 2004
LAS VEGAS -- A Las Vegas attorney who has represented dozens of card counting clients filed another lawsuit Monday, this time to stop Nevada casinos from using a computerized card counting system that boosts the house's odds of winning at blackjack.
The system, which is sold by the MindPlay ... (read more)
Session Doesn't Change Atlantic City Strike Impasse18 October 2004
A much-anticipated bargaining session in the Atlantic City casino workers strike failed to produce results Friday when company representatives refused to disclose their authority in settling the 15-day walkout.
A new company bargaining unit, headed by Harrah's Entertainment that includes the Caesars Entertainment, Aztar Corp. ... (read more)
Demonstration at Harrah's Headquarters15 October 2004
LAS VEGAS -- About 100 Culinary members were forcibly removed from Harrah's Entertainment's
corporate parking lot Thursday when they tried to deliver a petition demanding the
company refrain from hiring permanent replacement workers during the ongoing casino
workers' strike in Atlantic City. ... (read more)
Culinary Union Plans Actions Against Four Local Gaming Companies13 October 2004
Culinary Local 226 will launch a series of job actions in Las Vegas this week to turn up the heat in its confrontation with four local gaming companies that have workers striking at their Atlantic City casinos, union officials said Tuesday.
The union plans to take its protest directly to Harrah's ... (read more)
Unperturbed Gaming Executives Say Industry Going Strong13 October 2004
The state of the gaming industry is good -- despite growing pains from the spread of racinos and tribal casinos, political bias against casinos and the threat of terror attacks, top gaming executives said Wednesday at the Global Gaming Expo.
Larry King, who moderated the "State of the Industry" ... (read more)
Global Gaming Expo 2004: Show Ends With Fistful of Records13 October 2004
The American Gaming Association will concentrate on enforcing the trade group's new code of conduct for dealing with problem gaming in the coming year, the trade group's president said Thursday at a news conference wrapping up this year's Global Gaming Expo.
The expo, the fourth run by the ... (read more)
G2E Attendees Say Regulation of Gaming Could Use Overhaul13 October 2004
While there was widespread agreement at the Global Gaming Expo on the need to reform regulations governing the gaming industry, there was less agreement on how to do it in the 49 states with some form of legalized gambling.
Artistocrat Technology Vice President Walt Stowe, a major manufacturer ... (read more)
Street Seen As Reassured About Harrah's-Caesars Deal13 October 2004
Strong arguments by Harrah's executives have helped persuade Wall Street that its $9.4 billion plan to buy Caesars Entertainment makes strategic sense, analysts said Friday.
After the deal was announced July 14, uncertainty about the merger drove Harrah's stock price to $44.29 a month later, down ... (read more)
Global Gaming Expo in Review: Casino Taxes Taken to Task13 October 2004
Expo that the biggest problems their industry face are unpredictable tax rates and a political bias against their businesses.
MGM Mirage Chairman Terry Lanni said taxes are the issue that could kill the gaming industry, at least in specific states where legislators fail to understand the casino business. ... (read more)
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