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Rod Smith Gaming Guru - Page 4Gaming Stocks Showing Decline1 August 2006
NEW YORK -- Gaming industry investors found themselves snorkeling in July, as casino company stocks closed down for the third month in a row.
The Dow Jones U.S. Gambling Index, a Dow Jones & Co. industry index of 64 publicly traded casino companies, closed at 525 Monday, down 6.25 percent from 560 at the ... (read more)
Inside Gaming Column: Strip Flip In The Offing, Industry Sources Say31 July 2006
LAS VEGAS, NEVADA -- Harrah's Entertainment recently picked up options on the former Westward Ho site, adjacent to the Stardust, industry sources say. It then used the options as leverage to open talks with Boyd Gaming Corp. Boyd owns the Barbary Coast, which is in the middle of the two Strip blocks owned by Harrah's. ... (read more)
Wynn Chooses Binion for Key Role28 July 2006
LAS VEGAS --Wynn Resorts Thursday named Jack Binion as chairman of Wynn International and senior executive for its Asian operations and development.
"The decades of experience and unparalleled success that Jack brings to our company is extraordinary," Wynn Resorts Chairman Steve Wynn said in a statement. ... (read more)
Wynn Optimistic About Macau Casino27 July 2006
MACAU -- Steve Wynn has started dress rehearsals for his $1.2 billion Wynn Macau, the smallest hotel-casino ever built by the Las Vegas developer.
"This is my favorite time, a very exhilarating time. You get to see it all done, to see three-dimensionally all the thing's you've done," Wynn ... (read more)
Options Woes Unlikely for Gaming Companies27 July 2006
LAS VEGAS -- Nevada's gaming companies probably won't become ensnared in Wall Street's latest scandal involving stock options because of the heavy and transparent regulation they are subjected to by state regulators, industry officials and experts speaking on background said.
Executives for major ... (read more)
'Big Six' Mostly Steaming Straight Ahead24 July 2006
In an unexpected twist, the Las Vegas locals market should be the only weak link in an unbroken chain of record-breaking profits as the "Big Six" gaming operators begin reporting their second-quarter financial results next week.
Morgan Stanley analyst Celeste Brown said weak housing markets in Las Vegas ... (read more)
Inside Gaming Column: Fuel, Transit Troubles Foreseen in Las Vegas's Future24 July 2006
LAS VEGAS, Nevada -- Baby boomer corporate leaders seem singularly focused on what's in it for them, and that may be starting to concern investors, say Wall Streeters who have sat in on recent boardroom presentations. Analysts worry about McCarran International Airport and the highway from Los Angeles maxing out in three or four years. ... (read more)
Inside Gaming Column: Care to Play Another Hand, Mr. Bond?17 July 2006
Bond is back. Well, almost, and word among California producers is the big
deal opening sequence will be a plug for gambling. They say "Casino
Royale," the about-to-be-remade James Bond movie, will lead with an
opening scene of Agent 007 showing off his baccarat skills. Beating arch
villain Le ... (read more)
Gambling Beyond Nevada: Wynn Rolls Up Sleeves in Macau10 July 2006
With Wynn Macau's opening just two months away, holding company Wynn Resorts Ltd. has discovered recruiting and training workers is not so different in China than it is in Las Vegas. Nevertheless, observers say, cultural differences pose major challenges for Wynn Resorts and any other gaming companies planning to operate in Macau.
... (read more)
Inside Gaming Column: A Little Tax Pain Packs Big Potential4 July 2006
In Connecticut, casino operators turn over 25 percent of their slot win to
the state. Tax reformers are starting to peddle the point that a similar
payout here could boost Nevada state coffers by $1 billion a year. They
say it would be a great way to pay for needed infrastructure, starting
... (read more)
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