Tag Archives: casinobiz

Has International Game Technology's Rally Ended?

The stock price of International Game Technology appears to have hit the ceiling in the last trading session following a period of sustained uptrend that began on Feb. 11. The price now looks set to settle at around the $16 level or even drop further in the coming days. IGT is a gaming company based in the UK that provides a range of services and technology products for lotteries, machine gaming, sports betting, and interactive gaming globally.

Has International Game Technology's Rally Ended?

The stock price of International Game Technology appears to have hit the ceiling in the last trading session following a period of sustained uptrend that began on Feb. 11. The price now looks set to settle at around the $16 level or even drop further in the coming days. IGT is a gaming company based in the UK that provides a range of services and technology products for lotteries, machine gaming, sports betting, and interactive gaming globally.

Century Casinos (CNTY) – Research Analysts' Weekly Ratings Updates

According to Zacks, “Century Casinos,Inc. & its subsidiaries,own & operate a limited-stakes gaming casino in Cripple Creek,Colorado & are pursuing a number of additional gaming opportunities internationally & in the U.S.The Company was formed to acquire ownership interests in,and to obtain management contracts with respect to,gaming establishments.The Company generally seeks to enter into gaming operations in areas with attractive demographic attributes,high population densities,local tourism and/or predictable traffic patterns,w/ the long-term objective of establishing geographic project diversification. ” 2/29/2016 – Century Casinos was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating.

Century Casinos (CNTY) – Research Analysts' Weekly Ratings Updates

According to Zacks, “Century Casinos,Inc. & its subsidiaries,own & operate a limited-stakes gaming casino in Cripple Creek,Colorado & are pursuing a number of additional gaming opportunities internationally & in the U.S.The Company was formed to acquire ownership interests in,and to obtain management contracts with respect to,gaming establishments.The Company generally seeks to enter into gaming operations in areas with attractive demographic attributes,high population densities,local tourism and/or predictable traffic patterns,w/ the long-term objective of establishing geographic project diversification. ” 2/29/2016 – Century Casinos was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating.

Workers Say Wynn Resorts Defies 9th Circuit

In defiance of law and a court order, Wynn Resorts continues forcing dealers to share tips with untipped workers, dozens of workers say in a federal class action. John Doe dealers say Wynn Resorts still forces them to share their tips with untipped workers, despite a Feb. 23 ruling from the Ninth Circuit that reversed and remanded a ruling that favored restaurant trade associations.

Workers Say Wynn Resorts Defies 9th Circuit

In defiance of law and a court order, Wynn Resorts continues forcing dealers to share tips with untipped workers, dozens of workers say in a federal class action. John Doe dealers say Wynn Resorts still forces them to share their tips with untipped workers, despite a Feb. 23 ruling from the Ninth Circuit that reversed and remanded a ruling that favored restaurant trade associations.

Wynn delays pollution cleanup at Everett casino site

Wynn Resorts is delaying plans to clean up a former Monsanto chemical plant site outside Boston as its $1.7 billion casino project continues to face legal challenges. Robert DeSalvio, president of Wynn’s development in Everett, said Tuesday the company won’t proceed with the next phase of a cleanup that began in October because the nearby city of Somerville is challenging the company’s state environmental permit.

Wynn delays pollution cleanup at Everett casino site

Wynn Resorts is delaying plans to clean up a former Monsanto chemical plant site outside Boston as its $1.7 billion casino project continues to face legal challenges. Robert DeSalvio, president of Wynn’s development in Everett, said Tuesday the company won’t proceed with the next phase of a cleanup that began in October because the nearby city of Somerville is challenging the company’s state environmental permit.

Las Vegas casinos want to go renewable, and that means a fight with the state's utility

Yet hidden above the glowing Eiffel Tower, neon resort awnings, and a black pyramid that shines a beam of light into space is one of the largest rooftop solar arrays in the country. Twenty acres of sun-catching glass sit atop the Mandalay Bay convention center, and when new installations are complete, it will become the biggest rooftop solar array in the U.S. In recent months, three of Nevada’s largest casino companies – MGM Resorts, Wynn, and Las Vegas Sands – have announced plans to buy and produce more renewable energy for their hotels, a move driven both by increasing demand for responsible energy use from the companies that rent their conference halls, and a surplus of cheap power from solar farms in Nevada and California.

Las Vegas casinos want to go renewable, and that means a fight with the state's utility

Yet hidden above the glowing Eiffel Tower, neon resort awnings, and a black pyramid that shines a beam of light into space is one of the largest rooftop solar arrays in the country. Twenty acres of sun-catching glass sit atop the Mandalay Bay convention center, and when new installations are complete, it will become the biggest rooftop solar array in the U.S. In recent months, three of Nevada’s largest casino companies – MGM Resorts, Wynn, and Las Vegas Sands – have announced plans to buy and produce more renewable energy for their hotels, a move driven both by increasing demand for responsible energy use from the companies that rent their conference halls, and a surplus of cheap power from solar farms in Nevada and California.