Las Vegas News - Page 451

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With Internet, dealers turn the tables on Wynn

23 May 2007

From their safe harbor on the Internet, dealers ripped into Wynn's conciliatory remarks on the eve of the union vote.

Jeff Simpson on why Steve Wynn is happy to have a new neighbor on the Strip

23 May 2007

Jeff Simpson talked to an upbeat Steve Wynn on Friday afternoon, not long after he'd joined New Frontier owner Phil Ruffin for lunch.

Boyd partners with retail giant

23 May 2007

Boyd executives have decided to partner with retail giant General Growth Properties, which will soon oversee three of the Strip's largest shopping centers.

CASINO INDUSTRY: Kerkorian bids for key properties

22 May 2007

The private investment arm of MGM Mirage majority shareholder Kirk Kerkorian announced Monday it would enter negotiations with the company to buy Bellagio and the under-construction CityCenter development.

Retail expansion planned for Echelon

22 May 2007

Boyd Gaming Corporation has signed a joint venture agreement with General Growth Properties, Inc. to develop a 300,000-square-foot retail promenade as part of Echelon.

LAS VEGAS TOURISM: $285 million budget approved

18 May 2007

Facing scrutiny from a group that wants to divert Las Vegas room taxes toward road projects, the people in charge of attracting tourists and conventions to Southern Nevada approved a budget with $285 million in revenue and 37 new positions.

MGM Mirage strip deal closed

18 May 2007

Colliers International-Las Vegas brokers Michael Mixer and Alexander Rodrigo represented the MGM Mirage in the purchase of approximately 33.5 acres of land on the Las Vegas Strip.

MERGERS AND ACQUISITIONS: They'll make Manhattan

17 May 2007

Elad Group plans to spend $5 billion to turn the New Frontier Western-themed hotel-casino into an ultraluxury mixed-use development.

Binion's negative cash flow widens

16 May 2007

First-quarter losses widened at one of the most recognizable casinos, Binion's, in downtown Las Vegas.

Golden Nugget amends notes

15 May 2007

Golden Nugget, Inc. reports that, in connection with the previously announced cash tender offer and consent solicitation for its outstanding 8.75% Senior Secured Notes due 2011, Golden Nugget has received the requisite consents from holders of the Notes to amend the indenture.

A new way to play the game on the Strip

14 May 2007

A new business model is slowly but significantly unfolding along the Strip.

Casino industry: Dealers at Wynn resort ratify union

14 May 2007

Casino dealers at Wynn Las Vegas voted by an almost a 3-1 margin in favor of union representation despite an impassioned eleventh hour hour plea by company Chairman Steve Wynn.

Inside gaming column: Mall developer opens wallet

14 May 2007

A selection of news and views from inside the industry this week.

Las Vegas visitor count up 1.4 percent in March

14 May 2007

The number of people who visited Las Vegas in March went up 1.4 percent to nearly 3.5 million even though gambling revenue for the month was down in every Clark County market.

Payment processors, BetUS indicted on money laundering charges

14 May 2007

Three payment-processors have been accused of miscoding gaming transactions and funneling that money to online casinos and sportsbooks in grand jury indictments unsealed last week in Utah.

Wynn dealers vote on union

14 May 2007

The election culminates nearly nine months of heated debate at Wynn Las Vegas after the resort's management made a controversial change in how the casino pools and divides the tips earned by casino workers.

Manager of downtown LV casinos leaving

11 May 2007

Navegante Group, the company that manages the largest group of downtown Las Vegas casinos, is leaving, a move that adds even more uncertainty to an already struggling gambling market.

Las Vegas Convention Center: Authority approves upgrades

9 May 2007

The cost of keeping Las Vegas ahead of the competition just increased by $153 million.

WSOP Academy announces 2007 Main Event Primer

8 May 2007

Macau success lifts Wynn Resorts' quarter

8 May 2007

Although quarterly earnings for Wynn Resorts Ltd. reversed a year-earlier loss, company Chairman Steve Wynn lectured investors Monday on how Las Vegas history might be used to carefully judge the growth of gambling in Macau.

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