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Inside Gaming

Richard N. Velotta’s Inside Gaming column appears Sunday and Wednesday in Business.
rvelotta@reviewjournal.com … @RickVelotta on Twitter. 702-477-3893

It’s plain that pain’s a regular refrain

The delay of a $734 million expansion at the Mohegan Sun casino in Connecticut says as much about the economic state of the gaming industry as the Aug. 1 announcement by Boyd Gaming Corp. that it was halting construction of the $4.8 billion Echelon.

Resort hype churns but can’t quench concerns

The public relations machine for the $9.2 billion CityCenter was churning this week. Aria, the project’s centerpiece, topped off. Restaurants and high-tech hotel room enhancements were unveiled.

IGT talk amounts to Street nothings

A filing with the Securities and Exchange Commission in August gave Wall Street the impression that International Game Technology had acquired 22.5 percent of casino technology provider Progressive Gaming International.

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Signs of trouble from slot giant

Twelve months ago, Wall Street analysts never imagined having concerns about International Game Technology. The Reno-based company, which has a large corporate presence in Las Vegas, controls the lion’s share of the worldwide slot machine market.

Sands bets against paying settlement

Las Vegas Sands Corp., faced with paying a lawsuit judgment of $58.6 million to a Hong Kong businessman, told investors it hasn’t recorded any reserves or contingencies for the legal matter.

Echelon shutdown getting rave reviews

Boyd Gaming Corp. continues to receive accolades from Wall Street for putting the brakes on its $4.8 billion Echelon project. The company hopes to resume construction on the Strip development sometime next year.

Trying times loom for Sands in Macau

Visa restrictions imposed by the Chinese government that curtail mass-market visitation to Macau hurt Las Vegas Sands Corp. more than any other casino operator.

Macau casinos face Olympic hurdle

Casino operators in Macau aren’t expecting much of a revenue bump from the Beijing Summer Olympic Games, which begin Aug. 8. Wall Street thinks the numbers may even dip.

Hellmuth all the rage at poker’s main event

The poker community is abuzz over what some believe was special treatment Harrah’s Entertainment officials gave superstar Phil Hellmuth during the World Series of Poker’s main event.

For Penn, breaking up not so hard to do

Wall Street is giving Penn National Gaming a fresh look after the casino operator’s $6.1 billion private equity buyout collapsed July 3.

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