Las Vegas News - Page 549

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Inside Gaming Column: Apparent Leak Sets Off Alarm Bells

19 July 2004

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

Gaming Industry: Betting on a Monopoly

19 July 2004

The recent spate of mergers, merger agreements and rumors about mergers is beginning to turn the real estate on the Strip into a giant Monopoly board with fewer and fewer players who have larger and larger stakes in the game.

Second British Airline Launching Vegas Service

16 July 2004

BMI, a British air carrier that has more than 2,000 flights a week to 37 destinations in Europe, the United States, Canada and the Caribbean will begin nonstop round trips between Manchester, England, and Las Vegas in October.

Airline Shake-up Shouldn't Hurt LV Operations

16 July 2004

Operations for Southwest Airlines at McCarran International Airport shouldn't be affected by the sudden departure of the airline's chief executive.

Caesar's Employees Give Merger Mixed Reviews

16 July 2004

Employees of Caesars Entertainment offered mixed opinions Thursday on whether Harrah's Entertainment's pending $9.4 billion buyout would help bury Caesars or praise it.

Las Vegas Monorail Opens to Raves

16 July 2004

The new Las Vegas monorail opened to a steady stream of curiosity-seekers who generally raved about the high-tech trains.

Venetian Contest Rigger Lectured by Regulators

15 July 2004

The former Venetian hotel-casino employee who concocted the plan to rig drawings in a bid to appease high-rollers who had lost money in a February 2002 gambling trip apologized to gaming regulators Wednesday.

Tourists Not Wild about New Merger

15 July 2004

For many Strip tourists who learned this morning of Harrah's Entertainment Inc.'s blockbuster acquisition of Caesars Entertainment Inc., bigger doesn't necessarily mean better.

Minority Vendors Divided on Mergers

15 July 2004

Minority small business people attending the MBE Showcase 2004 had mixed opinions about how the proposed mergers of major gaming companies will affect their chances of doing business with those companies.

Professor: Deals Will Boost Casinos' Clout

15 July 2004

Bill Thompson, a public administration professor at UNLV, said the increased concentration of Harrah's and Caesars employees would enhance political power.

Gold Rush, Magic Star Deal Approved

15 July 2004

Nevada gaming regulators have approved Station Casinos' request to take over management at Henderson's Gold Rush and Magic Star casinos.

Station Casino Q2 Earnings Surge

15 July 2004

Station Casino’s ongoing strategy of buying up any and every prime locals gaming site it can obtain in Southern Nevada has paid off richly in recent months.

Monorail Finally Ready

14 July 2004

This morning Gov. Kenny Guinn and other dignitaries arrived at the MGM Grand for a VIP ride on Las Vegas' long-awaited new public transportation system.

Mergers and Acquisitions: Other Deals in Works?

14 July 2004

MGM Mirage is continually looking for new acquisition and expansion possibilities although it prefers dealing with some gaming jurisdictions more than others, the company's chairman said in a recent interview.

Moapa Band Cements Deal for its Land

14 July 2004

One of the nation's largest cement companies said this week it has struck a deal to build a $250 million plant less than 40 miles northeast of Las Vegas on land owned by the Moapa Band of Paiute Indians.

Imperial Palace to Pay $325,000 to Settle Lawsuit

14 July 2004

Imperial Palace Inc. has agreed to pay the federal government $325,000 to settle a lawsuit that accused the company of violating the Fair Credit Reporting Act.

Carrow's Not Likely to Survive Merger, MGM Mirage Exec Sees 'Higher and Better Use'

14 July 2004

MGM Mirage's Big Apple-themed New York-New York resort could get some new polish if the gaming company's $7.9 billion acquisition of Mandalay Resort Group is completed as proposed.

Las Vegas Visitors Stay on Record Pace

13 July 2004

A surge in convention attendance powered another record for local tourism in May, when Las Vegas welcomed more than 3.2 million visitors for the third consecutive month.

New Las Vegas Sands Resort to Cost $1.6 Billion

13 July 2004

Las Vegas Sands on Monday released new details about its planned $1.6 billion Palazzo casino resort on the Strip at Sands Avenue and started marketing a $975 million credit package to provide financing for the project.

Mermaid Show Planned

13 July 2004

The Silverton hotel-casino plans to produce a live hourly mermaid show at a 110,000-gallon salt-water tropical fish tank it is building as a new attraction.

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