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Inside Gaming


IGT talk amounts to Street nothings

A filing with the Securities and Exchange Commission in August gave Wall Street the impression that International Game Technology had acquired 22.5 percent of casino technology provider Progressive Gaming International.

Signs of trouble from slot giant

Twelve months ago, Wall Street analysts never imagined having concerns about International Game Technology. The Reno-based company, which has a large corporate presence in Las Vegas, controls the lion's share of the worldwide slot machine market.

Adelson journey proves fruitless

Las Vegas Sands Corp. Chairman Sheldon Adelson was so determined to quash MGM Mirage's joint-venture deal in Macau with Hong Kong businesswoman Pansy Ho that he flew to Mississippi to discuss the matter with Gov. Haley Barbour.

What, him worry? Not Trump

Finalizing the sale of more than 250 condominium units on the Strip since April would seem sufficient, especially during these daunting economic times. When the condos are inside Donald Trump's $1.2 billion Trump International Hotel & Tower and...

Slot parlor here today but gone tomorrow

United Coin Machine is getting pretty well versed at operating one-day casinos. The slot route operator's fourth venture this year is planned for June 25 at the site of the Moulin Rouge, pending approval from the Nevada Gaming Commission and the Las...

Bid for Boyd no more than a rumor

For several days last month, investors thought billionaire takeover artist Carl Icahn was making a run at Boyd Gaming Corp. The reports seemed to make sense. Icahn was flush with cash after selling the Stratosphere and his Nevada casino holdings in...

Sands ruling may be seen as Wynn win

For inside baseball fans, the score from the $43.8 million verdict against Las Vegas Sands Corp. could be characterized as Steve Wynn 1, Sheldon Adelson 0. The casino developers, who are oftentimes antagonists, were not adversaries in the lawsuit...

LV link to Miami going high tech

The reopening this fall of the historic Fontainebleau Hotel in Miami Beach may set the stage for the late 2009 unveiling of the $2.9 billion Fontainebleau Las Vegas. Fontainebleau officials are focused on opening the South Florida resort, which has...

Blackjack win dip? Don't look at us

Maybe those crazy kids from the Massachusetts Institute of Technology held a class reunion. Gaming analysts had trouble explaining why blackjack revenues on the Strip fell almost 18 percent during March. Gamblers wagered $746.6 million on the game,...

MGM Mirage may say 'take two'

MGM Mirage investors may soon be able to double down. Chairman and Chief Executive Officer Terry Lanni said last week the company might consider splitting its nongaming hotel subsidiary into a separate publicly traded operation. The idea may sound...

Paging Mr. Kerkorian, Mr. Kirk Kerkorian

The question MGM Mirage investors are asking is, "When does Uncle Kirk comes to the rescue?" The casino operator's shares hovered around $54 on the New York Stock Exchange in April, a 12 percent drop from its average daily trading price in March and...

Testimony may leave lasting ache for Sands

Whether Las Vegas Sands Corp. ever pays a dollar to a Hong Kong businessman who is suing the company, testimony in Clark County District Court last week could cost the casino operator millions in damaged reputation and potential shareholder action...

Fertittas are latest Forbes cover boys

Pop Quiz: Can you name the first Las Vegas casino executives to be featured on the cover of Forbes magazine since 2001? Steve Wynn? Guess again. Sheldon Adelson? That answer is only partially correct. Terry Lanni or Kirk Kerkorian? No on both...

Sparkle seems off neon for Street

Wall Street has soured on Las Vegas. Gaming analysts are challenged to find nice things to say about the casino industry in light of poor financial performances in numerous markets, including the Strip, where gaming revenues fell more than 3 percent...

Trump's second tower may wait

New York billionaire Donald Trump arrives in Las Vegas this week to cut the ribbon on his shimmering $1.2 billion Trump International Hotel & Tower. Trouble, is the nongaming 64-story condominium and hotel may be the only building on the north...