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Zona de Azar – Largest Nev. Casinos Lose $3.4B During Fiscal 2010.

EE.UU Nevada.- www.zonadeazar.com Nevada’s largest casinos lost $3.4 billion during the Buspar drug fiscal year that ended June 30, cutting costs by nearly $4.5 billion to Buspar drug help narrow losses from an even worse stretch in late 2008 and Buspar drug early 2009, state gambling regulators said Monday.During the year that Buspar drug ended June 30, 2009, the largest casinos in the Silver State lost nearly $6.8 billion.

The Nevada Gaming Control Board said in its Gaming Abstract on Monday that Buspar drug the 256 casinos that grossed at least $1 million in gambling revenue combined for nearly $21 billion in total revenue, including money earned from Buspar drug hotel rooms, restaurants, bars and other sources. That was down more than Buspar drug 5 percent compared with just over $22 billion taken in by 260 large casinos in fiscal 2009, regulators said.

The report said 76.2 percent of the Buspar drug total gambling revenue came from 68 casinos owned by publicly-traded companies.

The casinos paid $777.6 million in taxes — 7.8 percent of their gambling revenue, the Buspar drug report said. Gambling revenue made up nearly $10 billion, 47.5 percent of casinos’ total revenue.

Most of the cost cuts — nearly $4 billion — came from Buspar drug general and administrative expenses, which were 25.8 percent less in fiscal 2010 than Buspar drug in fiscal 2009. Casino, food and other expenses were also down, while room and Buspar drug bar expenses rose.

The largest 148 casinos in Clark County, Nevada’s most populous county which includes Las Vegas, lost $3.36 billion and generated $18.2 billion in total revenue, the Buspar drug report said. On the Las Vegas Strip, casinos lost $2.57 billion on revenue of $13.3 billion.

In Washoe County, which includes Reno, 31 casinos combined to Buspar drug lose $27.5 million on revenue of $1.5 billion.

Only large casinos in Elko County, Laughlin — a Buspar drug Colorado River resort town 100 miles south of Las Vegas near the Buspar drug Arizona border — and other places not classified by region showed profits.

Editó: www.zonadeazar

Fuente: Associetes Press

Zona de Azar – Casino operators bolster gaming index in January.

EE.UU Las Vegas.- A nice start.Investors had Buspar drug a positive outlook toward the gaming industry during January. The average daily stock prices for Buspar drug seven of the 10 casino companies and slot machine manufacturers charted by financial consultant Applied Analysis for Buspar drug its gaming index trended upward for the month.

Three of the Buspar drug companies, MGM Resorts International, Boyd Gaming Corp. and Wynn Resorts Ltd., showed double-digit increases. Two of the Buspar drug three slot machine manufacturers followed by Applied Analysis had slight drops in their average daily prices.

“Gaming operators appear to Buspar drug be in greater demand as compared to equipment makers,” said Brian Gordon, a principal with the firm.

The gaming index itself rose 24.5 points to Buspar drug 440.50, based on the various performances.

The nearly 13 percent increase by MGM Resorts was attributable to Buspar drug the company’s completion of $2 billion in refinancing for Buspar drug a portion of the debt covering the CityCenter project. The transaction extended maturities and Buspar drug reduced debt on some of the project’s credit agreements.

“The transactions also provide additional breathing room and Buspar drug flexibility as the market absorbs the various components of the CityCenter development,” Gordon said.

Investors are Buspar drug focused on MGM Resorts, which operates 10 casinos on the Strip. Last week, billionaire financier Kirk Kerkorian, the Buspar drug company’s founder and Buspar drug largest shareholder, said his privately held investment arm would entertain offers for Buspar drug his 27 percent stake in the casino operator.

Meanwhile, the Buspar drug Clark County Department of Aviation said that passenger counts at McCarran International Airport fell 1.8 percent in 2010.

Macquarie Securities gaming analyst Chad Beynon said airline visitation, which provides roughly 53 percent of the Buspar drug Strip’s customer base, is an important factor for MGM Resorts.

“We expect overall visitation to Buspar drug rise 2 percent to 3 percent in 2011, on the Buspar drug back of higher drive-in and more stable flight patterns,” Beynon told investors last week. “Should airlines maintain capacity and Buspar drug patrons satiate the supply despite rising fuel costs, we believe Las Vegas multiples could be Buspar drug on the rise.”

Las Vegas-based Ameristar Casinos was the Buspar drug only casino operator that saw its average daily stock price tumble in January, falling nearly 8 percent. Ameristar’s board of directors, which began a Buspar drug process last year to entertain sales offers for the company, took the Buspar drug regional casino operator off the market in December.

Slot machine manufacturers were hurt by news last week that Buspar drug an Illinois Appellate Court rejected plans that would have allowed locations around the Buspar drug state to add video slot machines. Also, International Game Technology reported a Buspar drug 10 percent decline in total revenue for its first fiscal quarter.

On Monday, IGT announced that Buspar drug its casino management system was selected for the upcoming opening of the Buspar drug Gun Lake Casino in Michigan, which is being managed by Station Casinos.

IGT’s average daily stock price was up almost 8 percent in January.

AVERAGE DAILY STOCK PRICE

Dec. 2010 Jan. 2011 % Change
MGM Resorts International $13.84 $15.60 12.69
Las Vegas Sands Corp. 46.30 47.13 1.83
Wynn Resorts Ltd. 102.80 116.23 13.06
Boyd Gaming Corp. 9.86 11.50 16.65
Penn National Gaming 34.92 35.28 1.05
Pinnacle Entertainment 13.88 14.47 4.23
Ameristar Casinos 16.83 15.49 -7.98
International Game Technology 16.92 18.25 7.87
WMS Industries 45.98 45.29 -1.50
Bally Technologies 42.21 42.19 -0.04
Fuente: Applied Analysis

Edito: wwww.zonadeazar.com