In Part I, we took a look at the quarterly earnings reports of WMSIndustries and Station Casinos. Here, we update openings, TV deals, and moves in the industry.
Casino hotel opens on the Strip
The 696-room Hooters Casino Hotel opened this week on the Las Vegas Strip, complete with Hooters girls and nine restaurants and bars. The revamped hotel and casino replaces the old San Remo brand, and is located behind Aztar's Tropicana and across the street from MGMMirage's
Boyd completes $170 million expansion
Boyd Gaming
The expansion is necessary because the Blue Chip is the competitor farthest east from Chicago, and thus the worst-positioned.
Harrah's Horseshoe Hammond is the closest to Chicago and led the Indiana side casinos with $375.8 million in gaming revenues in 2005. Resorts East Chicago, which Harrah's sold before it acquired Caesars Entertainment last year and is located just a few miles east of the Horseshoe, is the second-best player. Farther east is a pavilion shared by Trump Entertainment Resorts and Majestic Star. Back in November, Trump agreed to sell its boat to Majestic Star for $253 million; the two boats combined for third place on the Indiana side in 2005, with Boyd's Blue Chip dead last.
Complicating matters, WPT Enterprises
Chicagoland Market, Indiana
Casino Revenue |
2004 |
2005 |
---|---|---|
Horseshoe (HET) |
$336.5M |
$375.8M |
Resorts |
$281.5M |
$246.1M |
Trump/Majestic Star |
$205.6M |
$205.9M |
Blue Chip (BYD) |
$189.0M |
$192.5M |
WPT Enterprises Deal
WPT Enterprises said Monday that it had finally struck a deal with Discovery Holding's
The Travel Channel says it now has 44 weeks of new World Poker Tour and Professional Poker Tour episodes combined each year, and WPT Enterprises will finally recognize revenue for the PPT, for which the company has already recognized expenses. With the deal in place, WPT Enterprises is a good bet to turn 2005's losses into a profit for 2006.
Shuffle Master delays filing again
Motley Fool Stock Advisor selection Shuffle Master
Shuffle Master's 15-day extension on its 10-K filing expired Feb. 1. However, while the company has determined that no material changes to the fourth quarter and fiscal 2005 "are now contemplated," it has yet to complete its internal review of its data collection process and internal controls. It will release its 10-K once that it is completed. (Let's just hope it doesn't take too long.)
Isle of Capri moves
On Sunday, riverboat casino operator Isle of Capri
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Fool contributor Jeff Hwang owns shares of WMS Industries. The Motley Fool has a disclosure policy.