Management News

Station, Boyd feud is real and compelling
16 Aug 2010

The feud between Las Vegas companies Station Casinos and Boyd Gaming has intensified after Boyd attempted to insert itself in Station Casinos' bankruptcy.

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Station Casinos gets sale approval
9 Aug 2010

A judge approved the sale of 11 casinos, land holdings and American Indian gaming contracts to a group backed by Fertitta Gaming for $772 million.

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Boyd Gaming sees second quarter profits plunge
4 Aug 2010

The Las Vegas-based casino operator announced its second-quarter profits fell 73 percent days after dropping out of bidding for Station Casinos properties.

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Shares of gaming companies dive in July
2 Aug 2010

The average daily stock prices of 10 casino operators and slot machine manufacturers all tumbled during the month.

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Casino industry outlook still uncertain
30 Jul 2010

Moody's Investors Service said there is a "high degree of uncertainty" over how much gaming trends will improve through the end of the year.

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Borgata sees revenue, profit decline
27 Jul 2010

Boyd Gaming said the Borgata resort saw revenues and profits decline during the second quarter because of reduced visitation and competition from other states.

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Penn National not expected to bid on Station properties
26 Jul 2010

A Penn National executive said the casino operator is not expected to participate in an auction of 11 casinos currently controlled by Station Casinos.

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Economic reality hits Las Vegas casinos
26 Jul 2010

Las Vegas casino revenue declined six percent the first five months of 2010, which is on top of a 16.9 percent decline between 2007 and 2009.

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Analyst worries Senate campaign tone will hurt Vegas
21 Jul 2010

Deutsche Bank gaming analyst Andrew Zarnett said the toxic rhetoric of Nevada’s U.S. Senate campaign could harm local casinos.

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Penn National terminates agreement on Ohio casinos
19 Jul 2010

Penn National Gaming has terminated option agreements with rival Lakes Entertainment concerning two casino sites in Ohio.

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Penn National gets gaming license approval
18 Jun 2010

The Nevada Gambling Commission granted Penn National a gaming license Thursday, which clears the way for the casino company to acquire a Las Vegas property.

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Six companies enter reopened Aqueduct casino process
4 Jun 2010

Six entities, including Penn National Gaming, have entered the restarted bidding process to operate a slot machine-only casino at New York Aqueduct Racetrack.

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Penn National gets early approval for gaming license
4 Jun 2010

The casino operator received preliminary approval from the Nevada Gaming Control Board to acquire 1 percent of a small slot machine manufacturer and distributor.

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John Paulson now second-largest MGM Mirage shareholder
18 May 2010

The billionaire acquired 40 million shares of MGM Mirage, as well as 4 million shares of Boyd Gaming, during the first quarter of this year through his hedge fund.

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Milestones remain before casino opening
10 May 2010

Milestones need to be met if Penn Gaming's new Hollywood Casino will open by late 2012.

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