Gaming - Las Vegas Sun

SEC sues former gaming exec for alleged insider trading: Nov. 20, 2009; By Steve Green; The Securities and Exchange Commission on Thursday sued former gaming executive R. Brooke Dunn, charging he and a friend were involved in illegal insider trading of the securities of Shuffle Master Inc. of Las Vegas.

Station Casinos, lenders agree to rent decrease at 4 properties: Nov. 20, 2009; By Steve Green; Station Casinos Inc. and key lenders have reached an agreement to temporarily slash the rent that Station pays to lease from itself four of its most valuable hotel-casinos.

LV companies in denial about problem gambling: Nov. 20, 2009; By Richard N. Velotta; If a co-worker has a few too many drinks during an after-work get-together, it’s common for a colleague to take his car keys away. Maybe the colleague or a supervisor would keep an eye on him for other telltale signs of alcohol abuse.

Gaming regulators, manufacturers disagree on computer-code writers: Nov. 20, 2009; By Richard N. Velotta; State gaming regulators and slot machines manufacturers are at odds over how Nevada should monitor independent contractors hired to write computer codes for new or updated machines.

Organizers declare Global Gaming Expo a success: Nov. 20, 2009; By Amanda Finnegan; Exhibitors and organizers feared the worst going into the 2009 Global Gaming Expo, but they changed their tone Thursday as the convention came to a close, calling it an overall success. The American Gaming Association reported a 7 percent increase in conference attendees for the first two days of the show compared to 2008, an increase that no one was expecting.

Officially, they want to be regulated, but ...: Nov. 20, 2009; By Jeff Haney; The state of the online poker business in America is ... still muddled.

Regulators holding off to let court rule in Watanabe case: Nov. 20, 2009; By Jeff German; Back in May, a high roller went public with his allegations that Harrah’s Entertainment not only kept him drunk but provided him drugs to induce his massive gambling losses.

Hotels rein in risque advertising campaigns: Nov. 20, 2009; By Liz Benston; Before the recession, ads for Las Vegas resorts appealed to a desire for frivolity and conspicuous consumption with taglines such as, “Some fantasies just don’t work anywhere else,” “Everything in moderation? Yeah, right,” and “Parents gone wild.”

Culinary Union statement critical of Station Casinos: Nov. 19, 2009; By Steve Green; The Culinary Union issued a statement Thursday critical of Station Casinos Inc. and called on creditors in its bankruptcy case to demand that Station insiders make a significant equity investment in the company.

Creditors want to expand probe of Station Casinos deal: Nov. 19, 2009; By Steve Green; One day before a key hearing in Station Casinos Inc.'s bankruptcy case, a creditors committee has signaled its intention to widen an investigation into the 2007 deal in which the Las Vegas company was taken private for $5.7 billion.

Boyd chief: Recession forcing Vegas back to roots: Nov. 19, 2009; By Amanda Finnegan; The recession is forcing Las Vegas to return to its roots as a more value-oriented destination, and that’s not a bad thing, Boyd Gaming President and Chief Executive Keith Smith said. “The town has now evolved back to its original roots,” Smith said Wednesday at the Global Gaming Expo. “I think the industry will continue to evolve and refine itself and eventually find a norm between value and high-end.”

Bondholders say Herbst overpaid in deals, fight to recover debt: Nov. 18, 2009; By Steve Green; Bondholders owed $362 million by Herbst Gaming aren't giving up on hopes of collecting some of that debt.

South Point's Michael Gaughan inducted into Gaming Hall of Fame: Nov. 18, 2009; By Amanda Finnegan; South Point owner and longtime casino operator Michael Gaughan was honored today for his 40-plus years of service to the gaming industry and Las Vegas. Gaughan was inducted into the American Gaming Association Hall of Fame this morning at the Global Gaming Expo, placing him among the ranks of other gaming legends like Bill Harrah, Steve Wynn and his father, Jackie Gaughan. “He never seeks the limelight yet Michael Gaughan has been a major figure in our industry for the last 40 years,” AGA President and Chief Executive Officer Frank Fahrenkopf said.

CityCenter launches Web site to show property: Nov. 18, 2009; By Sun Staff; MGM Mirage today unveiled its new CityCenter Web site, www.citycenter.com, which offers visitors an interactive look at the $8.5 billion resort complex that begins opening next month on the Las Vegas Strip.

Company sues over card shuffler at Vegas gaming expo: Nov. 18, 2009; By Steve Green; Casino industry supplier Shuffle Master Inc. sued a company based in Taiwan on Tuesday, charging the defendant is promoting a card shuffler at a Las Vegas trade show this week that infringes on Shuffle Master's patents.

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