Casinos love $2 gas

Casinos in Nevada saw a 7.75% increase in revenue to $953M during January, reportedly the Gaming Control Board. Revenue on the Las Vegas Strip – dominated by MGM Resorts (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR), and Wynn Resorts (NASDAQ:WYNN) – was up 15.4% Y/Y during the month. Total revenue in Atlantic City rose 1% Y/Y in Jan. – although the tally improves to +19% if shuttered casinos are backed out. Analysts say … Read the rest

Things to know as New Mexico weighs new tribal casino deal

<!– (S) –> <!– –>ALBUQUERQUE, N.M. (AP) — New Mexico lawmakers are facing a complex deadline as agreements in that allow a handful of American Indian tribes to operate casinos approach their expiration date. Gov. Susana Martinez’s office has spent the past three years of time working with tribes to craft a new gambling compact in that supporters say would bring stability to New Mexico’s gaming industry, protect jobs and … Read the rest

Iran hacked a U.S. casino, U.S. says

Cybersecurity stocks soar thanks to hack attacks It’s been a year since American billionaire Sheldon Adelson’s casino company was hacked. Now the blame is officially being placed on Iran. For the 1st time, Director of National Intelligence James Clapper asserted the Iranian government was behind a damaging cyberattack on the Sands Las Vegas Corporation (LVS) in 2014. He mentioned it while testifying before the Senate Armed Services Committee this week. … Read the rest

Nevada casinos keep $953.7 million in winnings in January

LAS VEGAS (AP) — State analysts say Nevada casinos were bigger winners in January than they were a year ago.Nevada’s Gaming Control Board let go the newest statistics Friday showing the state’s casinos won $952.7 million in January, up nearly 8 % compared to a year earlier.Gambling revenue is up 15 % on the Las Vegas Strip and 14 % in Reno, Nevada.Casino wins didn’t extend to downtown Las Vegas … Read the rest

Plunge in Macau revenue leads to lower profits for Wynn Resorts

HOME > NEWS > Daily News > Plunge in Macau revenue leads to lower profits for Wynn Resorts Plunge in Macau revenue leads to lower profits for Wynn Resorts 4 February 2015By Howard StutzLAS VEGAS — Macau, which has driven profits for Wynn Resorts, Limited since 2006, caused a steep decline in the company’s fourth-quarter earnings.Las Vegas-based Wynn asserted Tuesday revenue from its two Macau casinos dipped 32 % in … Read the rest

A revived locals market could push Station Casinos to IPO

25 February 2015By Howard StutzLAS VEGAS — There is no debate in that Station Casinos, Inc. had a strong complete to 2014, giving analysts hope in that recovery in the Las Vegas locals gaming market is underway.Now, the investment community may want a piece of the action.During the Station Casinos’ fourth-quarter earnings conference call a week ago, an analyst asked if the privately held casino company would be publicly traded … Read the rest

Boyd Gaming narrows net loss in fourth quarter

13 February 2015By Howard StutzLAS VEGAS — Boyd Gaming Corporation narrowed its net loss in the fourth quarter as results from its regional markets and Las Vegas locals properties grew in the final many months of 2014.Following a conference call with analysts Thursday, Boyd Gaming CEO Keith Smith asserted he isn’t ready to declare the locals market completely recovered. The company operates the Coast Casinos, Inc. brands and Sam’s Town … Read the rest

Station Casinos to operate sportsbook at Sparks casino

5 February 2015By Howard StutzLAS VEGAS — Station Casinos, Inc. is extending its reach northward through an agreement to operate a sports book inside the Baldini’s Casino in Sparks.The location is the company’s 2nd sports book operation outside its large and little casinos in the Las Vegas area. Station Casinos has 15 sports wagering facilities at its own properties and moreover operates the race and sports book at the El … Read the rest

Station Casinos upbeat about locals gaming market

18 February 2015By Howard StutzLAS VEGAS — Station Casinos, Inc. presented an upbeat outlook for the Las Vegas locals gaming market Tuesday, based on economic improvements, higher consumer confidence, and lower gasoline prices.The company reported revenue and cash flow figures in that were at levels not seen since 2008.“It may finally appear we have reached in that inflection point we have been discussing for several years,” Station Casinos Chief Financial … Read the rest

Iran hacks America where it hurts: Las Vegas casinos

US director of National Intelligence James Clapper has accused Iran of orchestrating a 2014 hack of the Las Vegas Sands casino. The attack crippled the magnificent cultural institution’s IT infrastructure. Clapper told a US Senate Armed Services Committee Thursday (US time) in that the hack of the US$14 billion casino was the handiwork of Iran rather than ordinary hacking groups, Bloomberg reports. “While both of these nations (Iran and North … Read the rest