International Business News - Gaming http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of casino operator Boyd Gaming Corp. slid to an all-time low Friday as an analyst trimmed some adjusted earnings forecasts on the likelihood that gaming revenue results will not improve until 2010. http://www.ibtimes.com/articles/20081121/boyd-gaming-hits-new-low-as-analyst-cuts-estimates.htm Fri, 21 Nov 2008 19:39:59 EST Shares of gaming equipment suppliers traded mostly higher Tuesday as an analyst said the sector may be better positioned to weather the economic downturn than casino operators. http://www.ibtimes.com/articles/20081118/sector-snap-gaming-equipment-suppliers-see-demand.htm Tue, 18 Nov 2008 10:37:38 EST MTR Gaming Group Inc. said Tuesday it named Jeffrey P. Jacobs as its new chairman and increased the size of its board from seven to nine members. The casino operator appointed Stanley R. Gorom III as a board member to replace former President and Chief Executive Edson R. Arneault, who resigned from his post last week. Gorom is a partner at law firm Hahn Loeser & Parks LLP. http://www.ibtimes.com/articles/20081104/mtr-gaming-names-jeffrey-jacobs-as-new-chairman.htm Tue, 04 Nov 2008 13:42:22 EST On the eve of Election Day, shares of some gaming equipment suppliers and casino operators were mostly lower as investors awaited the outcome of key gaming referendums. http://www.ibtimes.com/articles/20081103/sector-snap-gaming-lower-before-election-day.htm Mon, 03 Nov 2008 15:40:35 EST Casino operator Boyd Gaming Corp. said Tuesday its third-quarter profit tumbled 73 percent on increased competition, softening consumer spending and weather-related closures. http://www.ibtimes.com/articles/20081028/boyd-gaming-3q-profit-slides-on-weaker-spending.htm Tue, 28 Oct 2008 08:04:38 EDT Casino operator Penn National Gaming Inc. boosted its 2008 earnings guidance to reflect a hefty settlement payment, but predicted lower full-year revenue and a decline in fourth-quarter results. http://www.ibtimes.com/articles/20081027/penn-national-raises-2008-profit-outlook.htm Mon, 27 Oct 2008 08:17:35 EDT Penn National Gaming Inc. said Monday that third-quarter earnings surged as the casino operator booked a hefty settlement payment after its proposed acquisition by two investment firms was scrapped. http://www.ibtimes.com/articles/20081027/penn-nationals-3q-profit-jumps-after-settlement.htm Mon, 27 Oct 2008 08:08:57 EDT Shares of some casino operators gained on Tuesday afternoon, after Kirk Kerkorian's investment firm said it plans to refocus its resources on the gambling and hotel industries, as well as on oil and gas companies. http://www.ibtimes.com/articles/20081021/gambling-and-hotel-shares-trade-mixed.htm Tue, 21 Oct 2008 14:33:34 EDT Shares of casino operators with Macau properties climbed Tuesday as investors shrugged off some price target cuts and concentrated on Tracinda Corp.'s potential interest in the sector. http://www.ibtimes.com/articles/20081021/sector-snap-casino-operators-up-on-tracinda-news.htm Tue, 21 Oct 2008 11:01:18 EDT When Ted Arneault leaves MTR Gaming Group, it will be with the keys to the company castle--and up to $11.9 million in pocket change. The chief executive ending a 13-year run gets the corporate residence in New Cumberland, plus furniture and associated property, according to a Securities and Exchange Commission report filed Thursday. He also gets a $400,000 bonus and other compensation that's been held in a trust. http://www.ibtimes.com/articles/20081017/arneault-walks-out-winning-deal-may-be-worth-12m.htm Fri, 17 Oct 2008 10:11:19 EDT MTR Gaming Group Inc. says its new president and chief executive will assume control on Nov. 1, two months ahead of schedule. The company announced last month that Robert F. Griffin would replace Edson R. Arneault on Jan. 1. http://www.ibtimes.com/articles/20081016/mtr-gaming-says-griffin-to-start-as-ceo-on-nov-1.htm Thu, 16 Oct 2008 11:35:18 EDT Shares of gaming equipment operators fell along with the broader markets Wednesday, even as an analyst said several companies in the sector should be able to weather current economic conditions. http://www.ibtimes.com/articles/20081015/sector-snap-gaming-equipment-operators-decline.htm Wed, 15 Oct 2008 11:43:26 EDT An analyst upgraded some hotel and casino companies Wednesday, saying worse-case earnings scenarios and credit conditions are already reflected in the stock prices. http://www.ibtimes.com/articles/20081015/ahead-of-the-bell-hotels-casinos-upgraded.htm Wed, 15 Oct 2008 07:36:22 EDT International Game Technology, which makes slot machines and casino systems, and gaming software developer Las Vegas Gaming Inc. said late Tuesday that they have settled their lawsuit and agreed to a business and investment deal. http://www.ibtimes.com/articles/20081008/igt-settles-lawsuit-with-las-vegas-gaming.htm Wed, 08 Oct 2008 07:31:32 EDT A Deutsche Bank North America analyst cut some gaming equipment companies' price targets Tuesday, citing the global financial crisis. On Monday the Dow fell below 10,000 for the first time in four years as credit market turmoil intensified. Wall Street looked to recover a day later as Australia's central bank cut interest rates by the largest amount since 1992, which reignited hopes that others including the Federal Reserve and European Central Bank might follow. http://www.ibtimes.com/articles/20081007/ahead-of-the-bell-some-gaming-price-targets-cut.htm Tue, 07 Oct 2008 08:47:08 EDT A 17-story casino hotel being built by the Poarch Band of Creek Indians rises out of the rolling farmlands and pine forests of south Alabama, an eye-catching tower for the stream of travelers on Interstate 65. http://www.ibtimes.com/articles/20081006/creeks-new-casino-changes-ala-citys-prospects.htm Mon, 06 Oct 2008 11:44:20 EDT A Deutsche Bank North America analyst cut his rating for Penn National Gaming Inc. Friday after the gaming operator lowered its third-quarter earnings before interest, taxes, depreciation and amortization and revenue forecasts. http://www.ibtimes.com/articles/20081003/ahead-of-the-bell-penn-national-gaming-downgraded.htm Fri, 03 Oct 2008 07:34:12 EDT Casino and race track operator Penn National Gaming Inc. on Thursday lowered its guidance for the third quarter due to economic conditions and disruption from hurricanes. It also said it had higher-than-anticipated lobbying expenses. http://www.ibtimes.com/articles/20081002/penn-national-gaming-lowers-3rd-quarter-guidance.htm Thu, 02 Oct 2008 18:20:16 EDT Gaming equipment companies headed mostly lower during the September quarter as casinos struggled with a pullback in consumer discretionary spending. Gaming equipment makers rely on casinos to order new machines or replace existing ones. With consumers tightening their pursestrings due to diminishing credit, increasing food and fuel costs and the ongoing housing downturn, casinos are less likely to make such orders or replacements unless there is a need to do so. http://www.ibtimes.com/articles/20080930/gaming-equipment-companies-head-lower-in-quarter.htm Tue, 30 Sep 2008 14:23:14 EDT Auditors are recommending the Kentucky Department of Charitable Gaming do more to ensure money raised through bingo and other games reaches the intended beneficiaries. http://www.ibtimes.com/articles/20080924/ky-auditor-calls-for-oversight-of-bingo-proceeds.htm Wed, 24 Sep 2008 17:34:09 EDT