Resorts & Casinos industry alert provided by U.S. Equity News. Disney-MGM (NYSE:MGM) Studios will become Disney's Hollywood Studios in January. Walt Disney World confirmed Thursday the long-standing industry rumor that it would rename the theme park, one of four in its massive resort. The company says it is making the revision to reflect changes in the entertainment industry without mentioning details of its agreement to use the MGM name and logo.
Station Casinos Inc. (NYSE:STN), which has agreed to a management-led takeover, said Wednesday its second-quarter profit slipped 44 percent, in part on costs related to its acquisition. Net income slid to $15.1 million, or 27 cents per share, versus $26.8 million, or 44 cents per share, during the same period a year ago. Analysts, who typically exclude non-recurring events from their estimates, predicted a profit of 58 cents per share, according to a Thomson Financial poll.
Century Casinos, Inc. (NASDAQ and Vienna Stock Exchange: CNTY) recently announced that Larry Hannappel, Senior Vice President, Secretary and Treasurer of the Company, has been appointed Chief Operating Officer North America. In his new, additional function he will be responsible for Century Casinos' operations in Central City and Cripple Creek, Colorado, as well as the Century Casino & Hotel, in Edmonton, Alberta, Canada.
Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, including the GS2(TM) wireless hand-held gaming unit and the WifiCasino(TM) wireless gaming system, recently announced that it had signed a definitive marketing agreement with Quest Entertainment, a Houston, Texas-based provider of superior-quality, fast-playing, innovative gaming devices. Under the agreement, DMOI and Quest are joining forces to bring DMOI's WifiCasino (and the GS2) to the gaming industry.
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com
