Las Vegas News - Page 552
Wynn Proposal Begs Questions, Club Members Wonder If They're Getting All The Facts
23 June 2004
The Las Vegas County Club's board of directors is preparing a response to Las Vegas developer Steve Wynn's $40 million buyout offer, although some members believe they are not being told all of the facts, sources said Tuesday.
Executive Sees Rough Skies Ahead for Airline Industry23 June 2004
The head of Southern Nevada's second-busiest airline painted a dismal portrait of the U.S. aviation industry Tuesday, telling a Las Vegas audience high fuel costs and rigid competition could soon permanently ground many of today's largest carriers.
Caesars Completes Sale of Hilton for $280 Million22 June 2004
Another Las Vegas landmark changed hands Friday when Caesars Entertainment completed the $280 million sale of the Las Vegas Hilton to Colony Capital.
California Deal With Tribes Unlikely to Hurt Las Vegas22 June 2004
The new tribal casino compact agreements signed by Gov. Arnold Schwarzenegger on Monday likely will have no effect on the gaming industry in Las Vegas and little in the rest of the state, industry insiders and experts said.
Room for Another Restaurant?22 June 2004
An already crowded dining corridor in west Las Vegas will soon have another big-name player on the menu.
Wynn Offers $40 Million for Las Vegas Country Club22 June 2004
Las Vegas developer Steve Wynn last week teed up an offer to buyout the landmark Las Vegas Country Club on Joe W. Brown Drive across from the Las Vegas Hilton for $40 million.
Treasury Official Keeps Eye on Las Vegas21 June 2004
The threat of terrorism crippling construction in Las Vegas and the potential for money laundering in casinos have made Las Vegas a unique focus of federal and state agencies, U.S. Treasury Secretary John Snow told a business roundtable on Friday.
New Vegas Flights Planned21 June 2004
Four new Las Vegas flights, including two to previously unserved cities, will be added later this year by Tempe, Ariz.-based America West Airlines and its commuter partner, Mesa Airlines, America West announced today.
Adelson Company May Be Valued at $4 Billion21 June 2004
Sheldon Adelson's Las Vegas Sands Inc., which operates the Venetian Casino Resort on the Las Vegas Strip, may have a market value of at least $4 billion after an initial public offering.
Big Las Vegas Mall Owners Merging21 June 2004
Simon Property Group Inc., the world's largest manager of shopping malls, said today it agreed to buy Chelsea Property Group Inc., the biggest U.S. owner of factory-outlet shopping centers, for about $3.5 billion in cash and stock.
Nevadans Not Marketing Gambling in China21 June 2004
Nevada's opening of the first-ever U.S. tourism office in China comes at a price -- the office can't promote the state's No. 1 industry, gambling.
Hey, Hey Do the Postmerger Shuffle21 June 2004
A selection of news and views from inside the industry this week.
Hilton Owner Plans Changes18 June 2004
The new owners of the Las Vegas Hilton say it ‘desperately needs nourishment’ to improve its performance.
Station Helps Workers Buy Homes18 June 2004
Station Casinos Inc., in a joint effort with housing finance giant Fannie Mae, is rolling out a program to help its workers buy homes in an effort by Station to attract and retain employees.
Aruze Wins Nevada Approval18 June 2004
Tokyo-based Aruze Corp. has won a limited slot machine manufacturing license Thursday from the Nevada Gaming Commission.
Caesars Completes Sale of Las Vegas Hilton18 June 2004
Caesars Entertainment, Inc. has completed the sale of the Las Vegas Hilton to an affiliate of Colony Capital, LLC, a Los Angeles-based international private investment firm, for approximately $280 million.
Merging Companies Bet on Convention Strength17 June 2004
As the proposed merger of MGM Mirage and Mandalay Resort Group advances, industry watchers are beginning to wonder what the unified company could do to the big Las Vegas convention industry.
Deal Draws Mixed Reaction From Tourists, Casino Workers16 June 2004
News of the biggest marriage Las Vegas has ever seen -- MGM Mirage's $7.9 billion buyout of Mandalay Resort Group -- drew mixed reactions from tourists and workers this morning.
Las Vegas Businesses Report They're Planning to Add Jobs16 June 2004
Las Vegas area employers expect to hire at a healthy pace during the third quarter, with 30 percent of them saying they plan to increase their work force, a local employment firm reported Tuesday.
Venetian May Scale Back Investment15 June 2004
Executives of the company that built The Venetian hotel-casino on the Las Vegas Strip say planned reforms in Great Britain's gambling regulations could hurt the company's investment there.
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