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Bally's sports book has some history

The closing (albeit temporary) of the race and sports book at Bally’s Las Vegas is the second time the location has shuttered. The betting facility, located in the resort’s shopping mall along the path to the Bally’s monorail station, once housed a...

Leven "energized" by Las Vegas Sands job

So why leave a safe job running the Georgia Aquarium to head the troubled Las Vegas Sands Corp.? “I’m going to help a friend,” new Las Vegas Sands President Michael Leven told the mayor of Atlanta recently, according to the Atlanta Journal-...

Analysts welcome new IGT CEO

Wall Street isn’t forecasting many changes at International Game Technology following the sudden resignation this week of President and Chief Executive Officer TJ Matthews. Patti Hart, a member of the Reno-based slot machine giant’s board of...

Stone a key loss for LV Sands

How important was now-resigned Brad Stone to Las Vegas Sands? Significant. “We believe losing Brad is a big deal, given his critical role in building out these large scale casino-resort properties, including the ($5 billion) Marina Bay Sands in...

One analyst's choice: slot maker WMS

With all the negative news in the gaming industry — MGM Mirage troubles, Harrah’s Entertainment sinking, Herbst Gaming filing for bankruptcy and Station Casinos on the way — maybe a little positive feedback is needed. Macquarie Securities gaming...

Megabucks jackpot more then $31 million

By the time you read this, someone may be at least $31 million richer. Megabucks was at more than $31.3 million Friday afternoon and International Game Technology, which manages the progressive slot machine that is linked in casinos through state,...

MGM Mirage debt downgraded by Moody's

Moody’s downgraded $7.8 billion of MGM Mirage’s debt Thursday, saying the two-month waiver the casino operator received this week from its lenders to avoid a convenant default, was not enough time to negotiate a restructuring. MGM Mirage is also...

Delaware may legalize wagering on sports

Las Vegas sportsbooks may be getting some competition from Delaware. ESPN reported recently that Gov. Jack Markell wants to legalize wagering on sports, allowing the state’s sports bars to accept wagers in time for the start of the NFL season...

Wynn not shopping

Wynn Resorts said today it hopes to raise $175 million through its stock offering of up to 9.6 million shares the company announced late Monday. The company priced the stock at $19 per share and plans to use the proceeds for general corporate...

Mississippi casino celebrates 10th anniversary

Depending upon which analyst is doing the talking, any number of MGM Mirage casinos could be on the market as the company digs itself out of a financial hole. But that didn't stop the employees of Beau Rivage in Biloxi, Miss., from celebrating the...

Gaming attorney writes oral history book

Gaming attorney Bob Faiss has been practicing gaming law long before anyone knew what the term meant. Faiss, 74, who was profiled in the Las Vegas Business Press this week, recently completed an oral history book, "Gaming Regulation and Gaming Law...

Las Vegas to host 2009 NHL Awards

It’s not a team or an All-Star game, but a major professional sports league is bringing an event to Las Vegas. The Palms Hotel and Casino announced today the National Hockey League’s annual awards celebration would take place inside the resort’s...

Some good news for Las Vegas Sands

Las Vegas Sands Corp. finally got some positive news Friday; an analyst thinks the company will survive. Janet Brashear of Bernstein Research said Las Vegas Sands might be able to sell some minority equity interest in some of its casinos. It could...

Elaine Wynn remains on Wynn Resorts board

Less than week after filing for divorce, Elaine Wynn was nominated to serve another three-year term on the board of directors for Wynn Resorts Ltd, the casino operator her soon-to-be ex-husband chairs. The company announced today that Elaine Wynn,...

Ohio casino backers try again

From the “If at first you don’t succeed…” category, Ohio casino proponents won’t give up. A casino ballot plan was submitted to Ohio’s attorney general Wednesday that would allow casinos in Columbus, Cleveland, Cincinnati, and Toledo. Under the...

Penn National a buyer in world of sellers

Morgan Joseph gaming analyst Justin Sebastiano is now a member of the Penn National Gaming fan club. As gaming companies falter, Penn National is viewed by most Wall Street researchers as an industry anomaly, a casino operator with a strong balance...

Welcome to Las Vegas Mr. Leven

If Conan O’Brien needs writers when he moves to the “The Tonight Show,” the Review-Journal’s business staff stands ready. The one-liners were flying Monday when it was announced that Michael Levin would be taking over as president of Las Vegas Sands...

Ruffin strikes oil

Talk about having the “Midas Touch,” Phil Ruffin seems to make money just by doing nothing. Ruffin, the former New Frontier owner who sold his $167 million hotel-casino investment for $1.2 billion nine years later, is buying the Treasure Island from...