Lakes Entertainment Announces Earnings for Third Quarter 2009

Lakes Entertainment, Inc. (NASDAQ: LACO) today announced results for the three and nine months ended September 27, 2009.

Earnings from operations were $0.7 million for the third quarter of 2009, compared to a loss of $0.5 million for the third quarter of 2008. Net earnings applicable to Lakes Entertainment, Inc. for the third quarter of 2009 were $2.3 million, compared to a loss of $5.7 million in the third quarter of 2008. Basic and diluted earnings were $0.09 per share for the third quarter of 2009 compared to losses of $0.23 per share for the third quarter of 2008.

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Ameristar Casinos Reports First Quarter 2009 Results

-- Achieved Record Quarterly Adjusted EBITDA ($95.8 Million) and Adjusted EPS ($0.52)-- 19.6 Percent Improvement in Adjusted EBITDA and 73.3 Percent Improvement in Adjusted EPS Year Over Year-- All Properties Improved Adjusted EBITDA Margins Year Over Year-- Amended Credit Agreement Enhances Financial Flexibility and Should Ensure Covenant Compliance Through at Least November 2010

LAS VEGAS, NV--(MARKET WIRE)--Apr 29, 2009 -- Ameristar Casinos, Inc. (NasdaqGS:ASCA) today announced financial results for the first quarter of 2009.*

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MGM hires bank to sell casino assets: source

By Jui Chakravorty-Das and Megan Davies

NEW YORK (Reuters) - MGM Mirage (NYSE:MGM) has hired Morgan Stanley (NYSE:MS) to advise on selling a number of its casinos, and is talking to potential buyers about the assets, a source familiar with the situation said

The No. 2 casino operator, controlled by billionaire Kirk Kerkorian, is grappling with weak consumer demand and reduced access to credit. The casino firm is hoping to raise money to meet debt payments and also to fund a troubled project it jointly owns with Dubai World (DBWLD.UL) called CityCenter, the source said.on Sunday.

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WYNN, LVS, MGM, CRYP, TRMP, PENN see Gains

POINT ROBERTS, WA, February 6 2009 – www.GamingIndustryStocks.com an investor and industry news portal for the gaming sector, within Investorideas.com presents a sector close-up on gaming stocks. As of Trading February 6, 2009- (last hour of trading)

 

Wynn Resorts, Limited (NMS: WYNN) up $1.15 (4.08%)

LAS VEGAS SANDS CORP (NYQ: LVS) up $0.38 (10.13%)

M G M MIRAGE (NYQ: MGM) up $0.28 (4.58%)

BALLY TECHNOLOGIES (NYQ: BYI) up $ 1.13 (5.44%)

Read more: Gaming Stocks Sector Close- Up; Gaming Stocks up in Market Rally

CryptoLogic Expects to Deliver Net Income of $9-$10 Million in 2009

Branded e-gaming software pioneer on track with new growth strategy to generate cash, reduce costs and deliver profits from expanding its casino business

CryptoLogic (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a world leader in Internet casino and branded gaming software, today provided an update on its new growth strategy and restructuring program that positions the company for a return to profitability and cash generation in 2009, and further growth in the years to come.

Highlights - Restructuring program
Under the plan announced in October 2008, the company is on track to achieve:

- Reduced total operating costs of approximately $13 million on an annualized basis by the end of Q2 2009.

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