Archive December, 2009

Wynn makes move for Aqueduct slots

As reported by Bloomberg: “Wynn Resorts Ltd. sold $500 million of bonds, 43 percent more than planned, as the casino company founded by billionaire Stephen Wynn bids to run New York City’s first slot-machine contract.
“The 7.875 percent, first-mortgage notes due in 2017 priced at a discount to yield 8.25 percent, or 504 basis points more [...]

Nevada gaming revenue decreases 9.3 percent

Nevada recorded its 20th straight decline in statewide gaming revenues during August, confirming casino insider predictions of a dismal summer month.
Casinos collected $847 million from gamblers during the month, a 9.3 percent decline compared with $934.1 million won in August 2008, according to numbers reported by the Gaming Control Board Thursday morning.
On the Strip, gaming [...]