Many do-si-dos, lead, at last, to a deal
The acquisition of slot machine manufacturer International Game Technology by lottery provider GTECH shouldn’t have surprised anyone in gaming. “This is a dance that has been going on for 20 years,”...
View ArticleStrip’s gaming revenue robust while regional markets struggle
With six months in the books, the investment community has clear picture of the casino industry in 2014. And Las Vegas is on an upswing.
View ArticleWynn’s verbal gems can spice earnings calls
There is reason why Wynn Resorts Ltd. quarterly earnings conference calls are never boring — you never know when Company Chairman Steve Wynn is going to drop a few verbal gems.
View ArticleWSOP helps Nevada crack $1 million revenue mark for online poker
Analysts have long speculated about the coexistence of online poker and live casino poker rooms in Nevada.
View ArticleAussie outfit makes U.S. inroads
While a photographer adjusted lighting equipment, Aristocrat Leisure Ltd. CEO Jamie Odell relaxed in the Australian gaming equipment manufacturer’s south Las Vegas showroom and played a few free spins...
View ArticleIsaacs goes from unemployed to gaming CEO
Less than 10 months ago, Gavin Isaacs was jobless. By early next year, he expects to be CEO of a company that controls two of the top three slot machine manufacturers in world.
View ArticleAlamo brings fresh approach
In his first meeting as chairman of the Nevada Gaming Commission, Tony Alamo Jr. turned the Sawyer Building conference room into a doctor’s office.
View ArticleRecent gaming mergers a relief to investors
The combined $11.5 billion in lottery company-slot machine company mergers in the past few weeks has the investment community relieved.
View ArticleStrip land values react to deal for Frontier site
James Packer, CEO of Melbourne-based Crown Resorts Ltd., is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino...
View ArticleCaesars works to upgrade balance sheet, but analysts unimpressed
A leading gaming executive was asked on background a few months ago if he understood Caesars Entertainment Corp.’s financial maneuverings to restructure the casino company’s $24.2 billion in long-term...
View ArticleTitus’ bill would repeal handle tax
Dina Titus introduced a bill last month to repeal the tax on all sports wagers.
View ArticleBorgata may gain from shrinking market
Borgata, the company’s flagship resort in Atlantic City, may see a revenue boost from a far different means - Atlantic City is shrinking.
View ArticleInvestors see real estate as key to Pinnacle, Boyd
Activist investors believe the real estate underneath casinos owned by Pinnacle Entertainment and Boyd Gaming Corp. is key to unlocking hidden value within the Las Vegas-based regional gaming operators.
View ArticleFresh start for PokerStars may revitalize N.J. gambling
The online gaming community believes PokerStars’ planned entrance into New Jersey’s Internet wagering market in October is the fuel needed to kick-start the state’s stagnant gambling activity into...
View ArticleMemories still adrift, but Showboat name is gone
The opening of the Showboat Atlantic City 27 years ago carried the hoopla of a Las Vegas celebration. But on Sunday, the Showboat closed with considerably less fanfare.
View ArticleSLS, and visionary behind it, get warm Strip welcome
In the days leading up to the SLS Las Vegas opening, Sam Nazarian’s phone was ringing off the hook. Nazarian, 39, the visionary behind the SLS, quickly learned he had support from the competition for...
View ArticleClaridge finds way to survive in struggling Atlantic City
The Claridge is the past and the future of the Boardwalk. The 1920s-era hotel was once the toast of Atlantic City, sitting at the famous intersection of Boardwalk and Park Place.
View ArticleIndustry isn’t facing slots of fun
The outlook for U.S. slot machine industry continues to be bleak. Analysts said this month the replacement market — in which slot machine manufacturers sell casinos newer games to change out older...
View ArticleSocial casino revenue headed above $2.7 billion
Station Casinos has joined MGM in signing on with the myVegas social gaming site.
View ArticleOnce ignored, Multimedia Games now may see other suitors
Four years ago, Multimedia Games was all but kaput. Six months later, the company changed direction and last week, Las Vegas-based Global Cash Access agreed to pay $1.2 billion for Multimedia Games.
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