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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...

Economy's wobbles trouble for company

Evidence the gaming industry is being hurt by the slowing economy has multiplied. Even companies serving casinos are facing a crisis. On St. Patrick's Day, Las Vegas-based Cash Systems announced Deutsche Bank would explore strategic alternatives for...

After guiding success in Macau, exec moved up

Wynn Resorts Ltd.'s new chief financial officer was a big supporter of Macau long before the financial markets knew it even existed. Matt Maddox, 32, has held finance and investor relations positions with Wynn Resorts since its startup in 2002. Last...

Panel member might not keep seat

Gov. Jim Gibbons is not expected to reappoint Nevada Gaming Commission member Ray Rawson when his term expires next month, sources said last week. Rawson, a former state senator, was appointed to the five-member gaming regulatory and policy making...

Board seeking air-tariff controls

Las Vegas Sands Corp. is proceeding with plans to retrofit two former passenger airliners to serve as modified flying casinos, on which high-end customers can pass the time gambling while being shuttled between Asia and the company's Strip casinos...

Wynn dips, but analysts saw it coming

The one-day drop of nearly $9 per share in the value of Wynn Resorts Ltd., less than 24 hours after the company reported earnings, was expected, according to Wall Street analysts. Shares of the Las Vegas-based casino operator, traded on the Nasdaq...

Now you play it, now you don't

Trailer Station has competition. Slot route operator United Coin Machine received preliminary approval last week from state gaming regulators to operate a temporary 16-slot machine casino inside a closed strip mall at the northeast corner of the...

Stimulus may go out of pockets, onto felt

Will the economic stimulus package now being debated in Congress amount to a windfall for the nation's casino industry? Yes, says one Wall Street analyst. Deutsche Bank's Bill Lerner told investors last week the $150 billion stimulus package could...

Gtech push to buy Atronic nearly over

Lottery giant Gtech Corp. is finally close to owning all of slot maker Atronic Gaming. The complicated transaction was first announced in December 2004. Providence, R.I.-based Gtech, which operates more than two dozen U.S. state lotteries, spent...

Casino connection not novel to Vegas

Las Vegas Sands Corp. didn't need to obtain a gaming license from state regulators to open the $1.9 billion Palazzo this month. The casino is being operated as an extension of The Venetian and is being run under that resort's gaming license. The two...

Tropicana parent has seen better days

It wasn't a good week for Tropicana parent Columbia Sussex Corp. First, the privately held, Fort Mitchell, Ky.-based company hired its third chief financial officer in less than a year; the previous two had quit. Also, New Jersey gaming authorities...

Wynn dividend raises eyebrows

The timing of a special dividend to investors by Wynn Resorts Ltd. was called into question by a few stock market observers. A day after Barron's panned the stocks of casino companies operating in Macau, Wynn Resorts, which owns the Wynn Las Vegas...

Boyd exec backs call for broad tax plan

Three days before MGM Mirage Chairman Terry Lanni pushed a broad-based business tax to the Nevada Development Authority, Boyd Gaming Corp. President Keith Smith delivered a similar message at the Global Gaming Expo. Smith, speaking to a luncheon...

Company's future grows cloudier

Is the death watch on for Progressive Gaming International Corp.? The Las Vegas-based gaming technology provider has to post a $20 million bond while it appeals a $39 million judgment in a federal antitrust case. Last week, Progressive said it had...

Analysts' ideas differ on Shuffle Master

Speculation about Shuffle Master sparked a disagreement between two gaming analysts. On Wednesday Morgan Joseph's Adam Steinberg lowered his rating on the company to "sell," saying gaming equipment rival WMS Industries would let a licensing...

TheStreet sees MGM pressing a point

Was there an issue underlying the timing of MGM Mirage's announcement last week that it would build a $5 billion resort in Atlantic City? TheStreet.com reported the company was using the announcement to pressure New Jersey gaming regulators to speed...

Executives exiting Black Gaming

Two executives from Black Gaming resigned recently as Mesquite casino magnate Randy Black Sr. is taking back tighter day-to-day control of the casino company. Chief Operating Officer Jonathan Lowenhar and Vice President of Marketing and Sales Scott...