Shareholders attending Pinnacle Entertainment’s annual meeting Wednesday didn’t have much to say about the company’s proposed $2.58 billion buyout of Aztar Corp. But company Chairman Dan Lee did. Lee told shareholders that Aztar’s advisers acted in a “sleazy” manner as the price for buying the Tropicana’s parent corporation rose significantly in the weeks after Pinnacle […]
Tag Archives: casino
Two of the most successful and established online casino and poker room groups in the online gaming industry have announced plans to create a new Internet super-group. Trident Entertainment Group out of Kahnawake in Canada is in discussions with regard to a proposed merger of its operations into Gibraltar-based Carmen Media Group. This would result […]
Despite accolades from business and community leaders, MGM Mirage executives conceded at their annual diversity program presentation Wednesday that they have a long way to go in building a company and industry that fully reflects American culture. The Rev. Jesse Jackson, speaking from the audience, said MGM Mirage and the audience of 1,500 suppliers, contractors […]
The March winds blew yet another travel industry record into Las Vegas, this time the highest monthly visitor count in local history. More than 3.4 million people came here in March, or 11,821 more than were reported for the same month a year ago, the previous titleholder for Las Vegas’ busiest month. That 0.3 percent […]
As reported by the Philadelphia Inquirer: “For the first time since it debuted nearly three years ago, the Borgata Hotel Casino & Spa was not Atlantic City’s top-grossing casino. Bally’s Atlantic City casino toppled the Borgata from the top spot last month. “The Jersey Shore resort’s 12 casinos generated $440.2 million in revenue in April, […]
PokerTek, Inc. today announced financial results for its first quarter ended March 31, 2006. Net loss for the first quarter of fiscal 2006 was approximately $1,591,000, or ($0.17) per diluted share, compared with net loss of approximately $725,000, or ($0.11) per diluted share, in the first quarter of 2005. Revenues from both license fees and […]
As reported by the Columbian: “A list of pending Indian casino proposals circulated Wednesday raises the possibility that the Klamath Tribes of southern Oregon will seek to build a casino in Aurora, Ore., some 20 miles south of Portland. “Federal officials have been deluged with Indian casino applications in response to a bill sponsored by […]
As reported by the Botswana Daily News: “Chairperson of the Casino Control Board of Botswana Lekwalo Mosienyane has been appointed chairperson of the Gaming Regulators African Forum. “A press release from the Ministry of Trade and Industry says Gaming Regulators African Forum aims to promote grounds for sharing of practical experience on matters pertaining to […]
As reported by the Search400 News: “IBM and four of its software partners announced they are collaborating to launch a “Casino-in-a-box,” an integrated hospitality and gaming suite of products for the System i. “The partners, established vendors in the casino industry (Agilysys, Bally Technologies, InfoGenesis, SSA Global) are offering software that spans the board. Hospitality […]
Net revenue for the first quarter of 2006 increased 31.3% to a record $530.4 million compared to $403.8 million in the prior year’s quarter. Adjusted net income for the first quarter of 2006 improved to $134.8 million, or adjusted earnings per diluted share of $0.38, versus adjusted net income of $103.1 million, or adjusted earnings […]
* Record first quarter consolidated net revenues of $256.1 million, representing an increase of $16.0 million, or 6.7%, over the first quarter of 2005. * First quarter consolidated operating income of $43.7 million, a decrease of $2.6 million, or 5.7%, from the prior-year first quarter, after giving effect to $2.1 million of stock option compensation […]
When the gates open at Churchill Downs it will be Brother Derek that is favored to charge to the finish line according to odds makers at sportsbook.com, the world’s largest online sportsbook and casino. But Brother Derek will have an admirable challenger in Lawyer Ron, listed at 9-2. The three year old colt is on […]
Sportsbook.com, the world’s largest online sportsbook and casino, has posted odds on the NHL’s Eastern Conference semi-final match-ups. The Ottawa Senators are big -280 favorites against the upstart Buffalo Sabres while the red hot New Jersey Devils come into their series with the Carolina Hurricanes as -175 favorites, despite being the lower seed. Ottawa and […]
As reported by the Wisconsin State Journal: “A bill in front of the State Senate could jeopardize a plan to put a casino in Beloit. The bill would put off-reservation gaming compacts in front of Senate and Assembly members for approval. Right now, the Governor alone has the authority to approve those casinos. “For the […]