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Rod Smith Gaming Guru - Page 19Global Gaming Expo: Insiders: Slots Not Slowing5 October 2004
Despite grim prospects for several Nov. 2 ballot initiatives aimed at legalizing or expanding gambling, manufacturers and industry insiders at the Global Gaming Expo's opening sessions were betting slot machines sales will enjoy a big surge in the next two years.
Their arguments, however, have shifted. ... (read more)
Acquisitions: Station Snaps Up Castaways4 October 2004
Station Casinos emerged suddenly Friday as a surprise buyer of the Castaways even though the company hasn't decided whether to mothball or reopen the 50-year-old property.
In an unexpected move, Station anted up $33.7 million to buy the 445-room hotel-casino from the Vestin Group in a three-way ... (read more)
Gaming Stocks Recovering1 October 2004
LAS VEGAS -- Gaming stocks had a banner month in September, recovering from their summer doldrums
with a surge of 12 percent in the Dow Jones Casino Index and 6 percent in the Applied
Analysis Gaming Index, a weighted average of local gaming stocks.
The Applied Analysis index increased 15.5 ... (read more)
Courts: FBI Can't Force Casinos to Reveal Records30 September 2004
LAS VEGAS – A federal judge Wednesday tossed out provisions of the Patriot Act that the FBI used
to force casinos and airlines to turn over customer records for thousands of Las
Vegas visitors in December.
In a hard-hitting, 120-page ruling, U.S. District Judge Victor Marreo for the
Southern ... (read more)
Gaming Deal: Colony Gets Casinos for $1.2 Billion28 September 2004
Colony Capital is poised to become a major competitor in the gaming industry nationwide after reaching a final agreement to buy four casinos from Harrah's Entertainment and Caesars Entertainment, analysts said Monday.
The agreement calls for Colony to pay $1.2 billion for Harrah's East Chicago, ... (read more)
Nevada Gaming Commission: Hard Rock Action Wins Praise27 September 2004
Attorneys hailed a Nevada Gaming Commission's Friday decision to dismiss two complaints against the Hard Rock Hotel arising from its sexually suggestive advertisements as a victory for the hotel-casino and the First Amendment.
In dividing the complaint against the company, however, the commission decided to proceed to trial Nov. ... (read more)
Gaming Commission Hearing: Station Fined $2.2 Million27 September 2004
The Nevada Gaming Commission on Friday approved a $2.2 million settlement of the 18-month-old case against Station Casinos for failing to file required anti-money laundering reports with the federal government.
Gaming Commission Chairman Peter Bernhard said the state's investigation proved that ... (read more)
Mandalay, Union at Stalemate23 September 2004
LAS VEGAS -- Contract talks between the International Union of Operating Engineers Local 501 and
Mandalay Resort Group are at an impasse, and workers are taking a strike
authorization vote today, a union official said Wednesday.
"We're not calling for a strike yet, but negotiations have bogged ... (read more)
G2E: A Glimpse of Things to Come22 September 2004
For Tony Spier, Global Gaming Expo determines company production schedules as well as chances of breakaway success in the coming year.
Spier, chief executive officer of McCook, Ill.-based Wells-Gardner Electronics Corp., said the annual G2E show is "absolutely critical" to the success of his ... (read more)
Gaming Commission to Hear Hard Rock Ad Dispute21 September 2004
LAS VEGAS -- The Hard Rock Hotel's dispute with gaming regulators over several of its ads is turning into a full-bore confrontation over the First Amendment that will begin Friday when the Nevada Gaming Commission hears motions on the case.
And, ironically, Gaming Commission Chairman Peter ... (read more)
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