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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

SLS, and visionary behind it, get warm Strip welcome

In the days leading up to the SLS Las Vegas opening, Sam Nazarian’s phone was ringing off the hook. Nazarian, 39, the visionary behind the SLS, quickly learned he had support from the competition for the $415 million renovation of the Rat Pack-era Sahara.

Memories still adrift, but Showboat name is gone

The opening of the Showboat Atlantic City 27 years ago carried the hoopla of a Las Vegas celebration. But on Sunday, the Showboat closed with considerably less fanfare.

Fresh start for PokerStars may revitalize N.J. gambling

The online gaming community believes PokerStars’ planned entrance into New Jersey’s Internet wagering market in October is the fuel needed to kick-start the state’s stagnant gambling activity into overdrive.

Investors see real estate as key to Pinnacle, Boyd

Activist investors believe the real estate underneath casinos owned by Pinnacle Entertainment and Boyd Gaming Corp. is key to unlocking hidden value within the Las Vegas-based regional gaming operators.

Borgata may gain from shrinking market

Borgata, the company’s flagship resort in Atlantic City, may see a revenue boost from a far different means – Atlantic City is shrinking.

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Titus’ bill would repeal handle tax

Dina Titus introduced a bill last month to repeal the tax on all sports wagers.

Caesars works to upgrade balance sheet, but analysts unimpressed

A leading gaming executive was asked on background a few months ago if he understood Caesars Entertainment Corp.’s financial maneuverings to restructure the casino company’s $24.2 billion in long-term debt. He just smiled.

Strip land values react to deal for Frontier site

James Packer, CEO of Melbourne-based Crown Resorts Ltd., is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.

Recent gaming mergers a relief to investors

The combined $11.5 billion in lottery company-slot machine company mergers in the past few weeks has the investment community relieved.

Alamo brings fresh approach

In his first meeting as chairman of the Nevada Gaming Commission, Tony Alamo Jr. turned the Sawyer Building conference room into a doctor’s office.

Isaacs goes from unemployed to gaming CEO

Less than 10 months ago, Gavin Isaacs was jobless. By early next year, he expects to be CEO of a company that controls two of the top three slot machine manufacturers in world.

Aussie outfit makes U.S. inroads

While a photographer adjusted lighting equipment, Aristocrat Leisure Ltd. CEO Jamie Odell relaxed in the Australian gaming equipment manufacturer’s south Las Vegas showroom and played a few free spins on a “Batman” slot machine.

Wynn’s verbal gems can spice earnings calls

There is reason why Wynn Resorts Ltd. quarterly earnings conference calls are never boring — you never know when Company Chairman Steve Wynn is going to drop a few verbal gems.

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