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Entries for April, 2011

Macau Casino Operators Earnings Soar

First-quarter earnings for Macau casino operators Wynn Macau Ltd. and Galaxy Entertainment Group Ltd. were reported to be up sharply from a year earlier due to the continuing soar in the world’s largest gambling market. Controlled by the family of Hong Kong tycoon Lui Che Woo, Galaxy reiterated its preparations for a US$2 billion casino-resort [...]

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Herbst Gaming Posts Net Income of $388.2 million

Consolidated operating results for Herbst Gaming, LLC for the fiscal year ended December 31, 2010 was pronounced lately. LLC posted Net Income of $388.2 million for the year concluded December 31, 2010. The outcome of fresh start accounting adjustments and reorganization adjustments related to the Company’s emergence from Chapter 11 with an effective date of [...]

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