Administration and Finance News

Boyd Gaming announces stock sale
1 Aug 2013

The announcement came Wednesday after the close of trading on the New York Stock Exchange and the day after the company reported better-than-expected quarterly earnings.

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Regional casino deal helps Boyd Gaming boost profits; shares soar
31 Jul 2013

Boyd said its net income for the quarter than ended June 30 was $11.6 million, or 13 cents per share. A year ago, the company reported net income of $1 million, or 1 cent per share.

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Gaming Commission OKs Penn National's plan to split into two
26 Jul 2013

The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT.

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Penn links weak earnings to bad weather, less interest in gambling
24 Jul 2013

Penn National Gaming's east-west region, which includes M Resort, had the largest decline of any of the company's reporting divisions with revenues down 9.1 percent to $317.1 million.

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Penn National real estate move could become industry standard
11 Jul 2013

The concept would separate 19 of the company’s 29 casinos and racetracks, including the M Resort, into a real estate investment trust, often referred to as a REIT.

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IGT to reimburse Ader Group for expenses in proxy fight
2 Jul 2013

According to IGT, the settlement agreement calls for members of the Ader Group to observe certain standstill provisions for four years.

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Rebound anticipated in locals casino market
1 Jul 2013

Two analysts in the past week said they sense a rebound could take hold in the locals gaming market in the second half of the year.

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Poker tourney at M Resort offers $500,000 prize pool
27 Jun 2013

The event guarantees participants a prize pool of $500,000 — not much when compared with standards set by the World Series of Poker, which is more than halfway through its six-week run at the Rio.

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Bally Technologies revs up NASCAR slot machines complete with surround sound
26 Jun 2013

Bally Technologies is rolling out its NASCAR slot machines throughout the U.S. starting this week.

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Navegante Gaming licensed to manage Hooters Hotel
21 Jun 2013

The Nevada Gaming Commission unanimously approved the gaming license applications of father and son Larry Jean Woolf and Larry David Woolf and their company, Navegante Gaming Inc., to manage Hooters Hotel.

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Konami Gaming doubling size of Las Vegas headquarters
20 Jun 2013

The company, a subsidiary of the Japan-based Konami Corp., began the expansion work on its corporate offices and manufacturing center last month.

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NASCAR race to be named Boyd Gaming 300
14 Jun 2013

The name of the race will be changed to the Boyd Gaming 300 beginning in 2014.

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Cashiers at The Orleans sue, say they were forced to work off the clock
14 Jun 2013

The complaint contends that the unpaid overtime resulted from company policy, resulting in numerous complaints over several years but no changes.

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GLI welcomes 36 regulators from 20 jurisdictions and associations to its European Roundtable
5 Jun 2013

The event featured in-depth discussion from the world’s leading experts on topics covering land-based gaming and online gaming and their potential impact on jurisdictions.

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European online titan moves ahead with licensing in Nevada
3 Jun 2013

Bwin.party is moving forward with licensing in Nevada to operate Internet poker websites with MGM Resorts International and Boyd Gaming. But their main focus right now is New Jersey.

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