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Las Vegas News - Page 530

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Partnership Names Planned Strip Property

The partnership that is planning a condominium and resort on a U-shaped 8.5-acre parcel near the Jockey Club has announced new details, including the name of the project.

Casino Workers Frequently Confused on Card Counters

Jimmy Pine is an animated, stocky former singer with a vague resemblance to Tom Jones and a propensity to gamble.

Pinnacle Entertainment Increases Size of Tender Offer for Notes

Pinnacle Entertainment has mended its previously announced cash tender offer for its 9.25% Senior Subordinated Notes due 2007 to increase the maximum principal purchase amount it is seeking in the tender offer from $94 million to $97 million.

Caesars Entertainment to Sell Caesars Tahoe to Columbia Sussex

Caesars Entertainment has entered into a definitive agreement to sell its Caesars Tahoe casino resort to an affiliate of Columbia Sussex Corporation for approximately $45 million.

Union, Mandalay to Meet After Thanksgiving

A third meeting between a federal mediator and representatives of the Mandalay Resort Group and the International Union of Operating Engineers Local 501 is expected to take place after Thanksgiving in an effort to resolve a months-long contract dispute.

Nevada, Hard Rock Reach Settlement

What was once one of the year's most-discussed local controversies ended with nary a whimper Thursday when the Nevada Gaming Commission unanimously reached a $100,000 settlement with Las Vegas' Hard Rock Hotel.

Mandalay Officials Could Get $75 Million

Mandalay Resort Group officials are expected to receive cash payments of more than $75.5 million upon the company's historic acquisition by MGM Mirage, recent financial statements show.

S&P Raises Ratings for Wynn Resorts

Standard & Poor's Ratings has raised its corporate and senior secured bank debt ratings for Wynn Resorts Ltd. and its subsidiary Wynn Las Vegas LLC to B+ from B based on higher performance expectations for Steve Wynn's upcoming Las Vegas resort, which is anticipated to open in April.

Golden Nugget Video Games in the Works

Majesco Holdings Inc. has signed a licensing deal with the Golden Nugget hotel and casino in Las Vegas for exclusive rights to create video games under the Golden Nugget brand.

Pinnacle Entertainment to Purchase St. Louis Hotel

Pinnacle Entertainment, Inc. has entered into an agreement with FelCor Lodging Limited Partnership to purchase the Embassy Suites St.Louis-Downtown.

Gaming Parlors are not Producing Desired Results

When gaming industry lobbyists persuaded the Nevada Legislature, the Nevada Gaming Commission and the state Gaming Control Board to approve a dramatic policy change allowing gamblers to bet behind closed doors, casino executives had dollar signs in their eyes.

New Thrill Ride Detailed

The Stratosphere hotel and casino today revealed details of its fourth thrill ride, scheduled to open early next year.

Frustrated Executives Form New Coalition

Down the street from the Las Vegas Chamber of Commerce office, a group of businessmen announced the formation of a new coalition they say will protect and promote the business interests of the gaming industry's suppliers and vendors.

Another Bit of Yesterday Blown Away

Another chapter in Las Vegas' colorful history closed beneath a cloud of dust and rubble early Tuesday morning following the implosion of the Desert Inn's nine-story Palms and St. Andrews towers.

Pinnacle Entertainment Announces Cash Tender Offer

Pinnacle Entertainment, Inc reports that it intends to commence a cash tender offer for up to $94 million in aggregate principal amount of its 9.25% Senior Subordinated Notes due 2007.

Harrah's Joins Children Hospital Campaign

Harrah's Entertainment, Inc. has joined forces with St. Jude Children's Research to support the hospital's Thanks & Giving campaign.

Gaming Commission Set to Vote on Hard Rock Settlement

The 10-month controversy over the Hard Rock Hotel's racy advertising campaigns is expected to come to a close this week when the Nevada Gaming Commission considers a settlement agreement hammered out last month.

Venetian Owner Reports Loss

Incentive payments to executives worth about $62 million and about $49 million in grants of executive stock options helped drive down third quarter profit at the owner of the Venetian resort in Las Vegas.

Advantage Gamblers Lose Case Against Control Board Agents

A pair of "advantage gamblers," who use dealer or casino mistakes to increase their odds of winning, lost an appeal Monday to the Supreme Court seeking the right to sue two Gaming Control Board agents for wrongful arrest.

In the Locals Market, Closeness Counts

Closeness to home aces out other factors when Las Vegas locals are deciding where to gamble, a new survey by Goldman Sachs Global Investment Research found.

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