Industry News

Century Casinos Inc. plans to convert and expand the historic and long vacant Palace Hotel in Cripple Creek into a 30- room boutique hotel in a bid to solve a shortage of rooms in the mountain gambling mecca. The Colorado Springs-based gaming company plans to spend $5 million to renovate and expand the 120- year-old building by more than fivefold to add 30 rooms to the 21 that Century already operates as part of its casino complex on Bennett Avenue, said Eric Rose, general..."/>
Century Casinos unveils plan to restore historic Palace Hotel in Cripple Creek [The Gazette (Colorado Springs, Colo.)]
Fairholme Fund owns 14 percent of Fannie Mae and Freddie Mac preferred stock-- is among a group of investors suing the U.S. government over the two government-backed mortgage insurance giants. Treasury Department illegally confiscated the companies' earnings after their bailout, gutting the firms when it was supposed to rehabilitate them and setting a dangerous..."/>
Without Freddie and Fannie, could 30-year mortgage be a thing of the past? [The Miami Herald]
CrossAmerica Partners LP turned in a second-straight profitable quarter despite lower revenues hampered by reduced profit margin on wholesale and retail fuel sales. The Allentown company, which leases, operates and supplies service station and convenience store properties, on Friday reported second-quarter net income of $3.6 million, or 8 cents per share, compared with $28 million, or a loss of 1 cent per share for the same quarter in 2015.."/>
Allentown's CrossAmerica Partners sees $3.6 million second-quarter profit [The Morning Call (Allentown, Pa.)]
Toyota Motor Manufacturing plant in San Antonio has come a long way since its first Tundra truck rolled off the line nearly 10 years ago. The plant came to Texas when the state's major auto industry operations were mostly limited to a General Motors plant in Arlington. In addition to growth at its San Antonio plant, Toyota is now centralizing its North American headquarters and other operations in Plano."/>
Texas continues growth into auto industry powerhouse [Austin American-Statesman]
Starbucks eGift Card using Visa Checkout. The first 200,000 to buy a minimum $10 eGift Card gets the bonus through Aug. 18.. After you buy, the amount will not be reflected at checkout but will be confirmed in your email receipt."/>
BRIEF: Free $5 bonus with purchase of a $10 Starbucks gift card [Sun Sentinel]
Sinatra's old Tahoe casino in bankruptcy [The Sacramento Bee]
Burlington Stores said it will hire 75 people to work at its new 40,400- square-foot store under construction at Westdale in Cedar Rapids. The national off-price retailer will host a job fair from 9 a.m. to 5 p.m., Thursday, Aug. 11 and Friday, Aug. 12, at 3475 Westdale Dr. Burlington Stores is seeking to fill full- and part-time positions for supervisors, cashiers and customer-service staff, as well as receiving and front-end employees."/>
Burlington Stores to hire 75 in Cedar Rapids; store opening in September [The Gazette, Cedar Rapids, Iowa]
New Look Vision Group Inc., announced today its financial results for the second quarter ended June 25, 2016 and its quarterly dividend. New Look Vision reported record revenues of $50.5 million and adjusted EBITDA of $10.4 million for the second quarter ended June 25, 2016, representing increases of 8.0% and 2.9% respectively over last year. The increases were mainly due to the net addition of 20 stores in the last twelve months as well as same store..."/>
New Look Vision Group Inc. Announces Second Quarter Results for the Period Ended June 25, 2016 and Its Quarterly Dividend
Bharat Forge Ltd on Friday said its net profit for the June quarter fell 37.72% from a year ago due to lower total revenues. Net profit fell to Rs.122.06 crore from Rs.195.97 crore a year ago. According to 17 Bloomberg analysts, the company had been expected to post a net profit of Rs.156.40 crore."/>
Bharat Forge Q1 profit falls 37.72% to Rs122 crore [Mint, New Delhi]

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