Las Vegas News - Page 549

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Resort Builders At Home In LV, Developers Release Details Of Strip Casino Dubbed Cosmopolitan

23 November 2004

Webster's New World Dictionary defines the word cosmopolitan to mean someone or something that is "at home in all countries or places."

Club Cal-Neva Signs with VirtGame

23 November 2004

VirtGame Corp. reports that Club Cal-Neva has contracted to install VirtGame's Sports Bet Express in all Cal-Neva Race and Sports Book locations.

MGM Mirage Reports Credit Facility Financing

23 November 2004

MGM Mirage has entered into a Fourth Amended and Restated Loan Agreement which will provide for a $7.0 billion senior credit facility.

Inside Gaming Column: Look for Boyd to Join Urban Cowboys

22 November 2004

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

Partnership Names Planned Strip Property

22 November 2004

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

22 November 2004

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

22 November 2004

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

22 November 2004

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

19 November 2004

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

19 November 2004

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

19 November 2004

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

19 November 2004

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

18 November 2004

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

18 November 2004

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

17 November 2004

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

17 November 2004

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

Frustrated Executives Form New Coalition

17 November 2004

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

17 November 2004

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

17 November 2004

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

16 November 2004

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

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