Las Vegas News - Page 549

Union-backed maintenance workers at three Mandalay Resort Group properties could walk off their jobs as soon as Wednesday after the latest contract offer was overwhelmingly rejected in voting that ended Friday.

innacle Entertainment reports that the underwriters of its previously announced public offering of four million newly issued shares of common stock have exercised in full their option to purchase an additional 600,000 shares of common stock at $18.25 per share.

Barney Vinson: I was living good, eating good, making friends, making money, walking around the casino like I owned the place.

Five years after Venetian owner Sheldon Adelson opened his all-suite resort, casino competitors agree that his convention-focused strategy and timely investment in Macau has been a spectacular success.

A subsidiary of Wynn Resorts Ltd. on Tuesday issued $1.3 billion in first mortgage notes with interest rates 6.625 percent and maturing in 2014, according to a filing with the Securities and Exchange Commission.

Resorts along the Las Vegas Monorail route are frustrated and restless about the dormant high-tech train but cautious about being too critical of its failures, since all agree that safety is the most important element of its operation.

About 320 maintenance workers at three Mandalay Resort Group properties voted to reject a two-tier wage and benefit contract offer from the company and could strike as soon as Wednesday.

Pinnacle Entertainment, Inc. reports that the underwritten public offering of its four million newly issued shares of common stock has been priced at $18.25 per share, which will result in gross proceeds to Pinnacle of $73.0 million.

Marybel Batjer has been named Vice President of Public Policy and Communications of Harrah's Operating Company, Inc., a subsidiary of Harrah's Entertainment, Inc.

On its inaugural day of trading on the New York Stock Exchange, Las Vegas Sands became the industry's largest gaming company in terms of market capitalization after its stock price jumped 61 percent Wednesday.

A federal judge on Wednesday summarily dismissed a lawsuit stemming back to the 1999 opening of the Paris Las Vegas resort in which a California gambler claimed hotel executives reneged on promises after he lost millions at the casino.

Today, Harrah's Entertainment, Inc. launched an upgraded version of its Harrah’s Web site.

The eighth stop on the World Poker Tour kicked off today at Bellagio, Las Vegas.

Pinnacle Entertainment Inc. said it intends to offer 3 million shares of common stock. Underwriters of the stock offering will have the option of purchasing up to 450,000 shares.

A watchdog group is suing to block the state from making more payments to a Las Vegas law firm hired a year ago to draft legislation to legalize video slot machines.

Las Vegas' high-rise tower boom will get national exposure Thursday night when Donald Trump takes his planned Trump International Hotel and Tower Las Vegas to the set of NBC's "The Apprentice."

Southern Nevada received high marks for its 2004 economic performance this morning from the UNLV Center for Business and Economic Development.

Coupling big-time sports with this city's existing amenities would be a marketing home run for the local tourism and travel industry, executives with the Las Vegas Convention and Visitors Authority and advertising agency R&R Partners said Tuesday.

News Brief: Las Vegas Sands commanded a premium of about 50 percent over its IPO price Wednesday as investors bid up shares of the casino giant on the company's growth prospects in the U.S. and in China.

Wynn Resorts, Limited reports the completion of the refinancing of the indebtedness of its subsidiary, Wynn Las Vegas, LLC.