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Inside Gaming Column: Trail to Merger is Now the Fast Track

25 October 2004

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

Nevadan At Work: Lorenzo Creighton; President, Flamingo Las Vegas

25 October 2004

Lorenzo Creighton, president of the Flamingo Las Vegas, is the king of the hill at the joint Bugsy Siegel started half a century ago, a casino he wouldn't even have been allowed to enter back when the mob was still in charge.

Forum Shops' New Luxury-Shop-Packed Addition Draws Public's Raves in First Day

25 October 2004

If scarcity truly determines an item's value, superlatives could be had on the cheap Friday morning at the Forum Shops at Caesars.

Court Hears Arguments in Mikohn Employment Lawsuit

22 October 2004

The Nevada Supreme Court heard arguments whether attorney Charles McCrea Jr. is owed more than $1.4 million from Mikohn Gaming Corp., which fired him last year.

Vegas Bar Pays Gambling Fine

22 October 2004

Peter Eliades, owner of the Olympic Garden topless bar in Las Vegas, has agreed to pay a $113,000 fine on allegations he violated gaming regulations.

Commission Approves Venetian's Public Offering

22 October 2004

Las Vegas Sands Inc., which owns the Venetian and is building the 3,000-room Palazzo on the Las Vegas Strip, has received final approval from the Nevada Gaming Commission to sell up to $575 million in common stock.

A Tale of Two Craps Crews

22 October 2004

Frank Scoblete: It was the best of crews; it was the worst of crews.

Archon Provides Update on Vegas Property

21 October 2004

Archon's 27-acre site on the Las Vegas Strip remains in the predevelopment stage.

Harrah's Las Vegas, Atlantic City Union Issues May Intensify

21 October 2004

The confrontation between Las Vegas’ Culinary Local 226 and Harrah's Entertainment's more than striking casino workers in Atlantic City is far more likely to intensify than end any time soon.

Satre Regarded as Top Exec

21 October 2004

The announcement Phil Satre will retire as chairman of Harrah's Entertainment closes out a distinguished and colorful career in the gaming industry.

Alliance Gaming Reports Loss

21 October 2004

Alliance Gaming reports Q1 loss from continuing operations totaled $(6.4) million, or $(0.13) per diluted share, on revenues of $116.9 million.

August Visitor Volume Drops

20 October 2004

Visitor volume was off slightly in August compared with the previous year, but analysts attributed the downturn to an aberration in the calendar and said tourism remains strong.

Stratosphere Opens Topless Pool Area

20 October 2004

The Stratosphere hotel and casino has introduced a topless pool called Beach Club 25 on the 25th floor of its hotel tower.

Las Vegas Casino Criticized for Giving Flu Shots to Employees

20 October 2004

News Brief: Southern Nevada's top health official criticized a casino company for distributing scarce flu shots to employees while other businesses donate vaccine supplies for those in high-risk groups.

Plans Outlined for Ivanpah Airport

20 October 2004

With an eye fixed a decade into the future, Southern Nevada's top aviation leader on Tuesday revealed new details of his department's vision and need for a second major passenger airport serving the Las Vegas area.

MGM Mirage Reports Record Results

20 October 2004

MGM Mirage reports adjusted EPS rose 68% to $0.57 in Q3 from $0.34 in Q3 2003, representing the company's best third quarter performance in its history and continuing a strong trend of year-over-year increases in earnings during 2004.

Casino Earnings: A Scorcher for Station

20 October 2004

Giant locals gaming operator Station Casinos on Tuesday posted record earnings for the third quarter.

Harrah's Entertainment Reports Record Q3 Results

20 October 2004

Harrah's Entertainment has reported record Q3 revenues of $1.31 billion, up 25.5 percent from revenues of $1.04 billion in the Q3 2003.

Harrah's Declares Quarterly Cash Dividend

20 October 2004

The board of directors of Harrah's Entertainment, Inc. have declared a regular quarterly cash dividend of 33 cents per share, payable November 24, 2004, to shareholders of record as of the close of business on November 10, 2004.

Profit Jumps at Station Casinos

19 October 2004

Strong revenue growth across Station Casinos Inc.'s locals casinos in Las Vegas boosted the company's profit by 47 percent in the third quarter, beating analysts' expectations, the company said today.

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