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Las Vegas News - Page 531

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Las Vegas Tourist Count Tops 3 Million in September

For the eighth time in nine tries this year, Las Vegas' hotels, casinos, restaurants and conventions in September combined to lure more than 3 million visitors to town in a single month.

Excalibur Joins VirtGame's Sports Bet Express

VirtGame Corp. reports that the Excalibur Hotel and Casino, a property of the Mandalay Resort Group, has contracted to be included in VirtGame's Sports Bet Express.

VendingData Results Down

VendingData Corporation reported revenues of $1.2 million, which compares to $2.1 million for the previous quarter of 2004 and $2.5 million for Q3 2003. Net loss applicable to common stockholders for the Q3 was $2.4 million or $0.14 per share.

New Owner Revamping Alexis

The new owner of the non-gaming Alexis Park Hotel has acquired 4.7 acres adjacent to the property and is on track to develop a 28-story hotel with 1,000 rooms and a 70,000-square-foot casino.

September Tourism Rises 9.7%

The second-highest percentage increase in monthly visitor volume of the year in September more than made up for a lackluster August, Las Vegas Convention and Visitors Authority statistics released today show.

Tabish Testifies, Denies Killing Binion

News Brief: Rick Tabish looked directly at jurors Friday and, in a thick Montana accent, calmly denied killing millionaire Ted Binion.

Inside Gaming Column: Insiders See Wynn Poaching Workers

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

Wynn Downgraded Again

ews Brief: Wall Street still likes the Wynn Resorts story. It's just that the stock has become a little pricey for some analysts' taste.

MGM Mirage-Mandalay Merger Loan Approved

MGM Mirage's lenders have agreed to loan the company $7 billion in order to finance the acquisition of Mandalay Resort Group, the company disclosed this week.

Wynn Considers Mixed-Use Project

Wynn Resorts Ltd. is exploring a long-range plan to develop 142 acres behind its Wynn Las Vegas resort into a "large, mixed-use" hotel, casino and residential resort complex.

Bellagio Earns Top Award

The Bellagio was one of three hotels that have received the AAA's Five Diamond Award.

MTR Gaming Earnings Slide

Solid performances at MTR Gaming Group's two Southern Nevada casino couldn't offset so-so returns from its casinos in Ohio and West Virginia.

MTR Gaming to Takeover Binion's

MTR Gaming Group, which owns the downtown hotel-casino, said it will take over management and rename the property simply Binion's on March 11.

Court Reversed Hilton Sign Ruling

The Supreme Court has reversed a lower court ruling involving companies embroiled in a dispute over the collapse of the $5 million Las Vegas Hilton marquee sign on July 18, 1994.

Gaming Partners International Reports Loss Decreased

Gaming Partners International Corporation reports net loss for Q3 was reduced by $590,000 from the corresponding quarter a year ago, with the modest loss for the current quarter reflecting the timing of casino sales and production.

Wynn Resorts Announces Commencement of Tender Offer

Wynn Resorts, reports that its subsidiary, Wynn Las Vegas, LLC, has commenced a cash tender offer for any and all of the $247,580,000 aggregate principal amount of outstanding 12.0% Second Mortgage Notes due 2010 issued by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.

The Sands Regent Results Up

For Q1, the Sands Regent reported consolidated net income of $1.6 million, or $0.29 per basic share, $0.27 diluted, as compared to consolidated net income of $1.1 million, or $0.22 per basic share, $0.20 diluted for the first quarter of 2004.

Playing by the Rules; 'Advantage' Gambler Wins Big Jury Award

A $400,000 judgment against the Strip casino Imperial Palace for detaining a gambler who had broken no laws could be good news for the future of gambling in Las Vegas -- but only if it marks the beginning of a trend.

Southwest Airlines May Add Overnight Flights From Vegas

The only airline busier than Southwest at McCarran International Airport is America West -- after the sun goes down.

MGM Mirage Plans Massive Strip Project

MGM Mirage announced plans Tuesday for a multibillion-dollar "urban metropolis" consisting of hotels and condominium towers that will be built at the site of its aging Boardwalk casino on the Strip over the next several years.

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