Las Vegas News - Page 560

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Profits Fall for Poster Financial Group

11 August 2004

Poster Financial Group, the owner and operator of the Golden Nugget Las Vegas and Golden Nugget Laughlin, on Tuesday said second-quarter operating income fell slightly and net income fell sharply compared with a year earlier.

Wynn Still Wooing Country Club

11 August 2004

Las Vegas developer Steve Wynn on Tuesday reiterated his interest in buying the Las Vegas Country Club and reassured members he will ensure each one would net $70,000 from a sale to his golfing subsidiary.

Golden Nugget Cash Flow Up, Alliance Quarterly Results Improve

10 August 2004

The owner of the Golden Nugget casinos in Las Vegas and Laughlin reported increases in revenue and cash flow in the second quarter but profit fell as the company spent more on advertising and added marketing staff, among other things.

Sands Has More Reason for IPO Than Stock Options

10 August 2004

Wall Street analysts say the stellar stock appreciation of competitor Wynn Resorts Ltd. -- rather than the ability to issue stock options -- is a primary motivation behind an anticipated public offering of stock by the owner of The Venetian resort in Las Vegas.

Terrorists Cased Las Vegas

10 August 2004

News Brief: A year after the Sept. 11, 2001 attacks, the Justice Department obtained video surveillance tapes suggesting terrorists were casing Las Vegas casinos.

MGM MIrage Gains Settlement for Bellagio Outage

9 August 2004

MGM Mirage said today it received a $6 million insurance settlement in the second quarter related to the power outage that shut down the company's Bellagio resort for more than three days.

Inside Gaming Column: Big News Seen Ahead from Wynn, Adelson

9 August 2004

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

Nevada Defies Jobless Trend

9 August 2004

Many Las Vegas employers, defying national trends as they have since the recent recession started four years ago, were adding jobs in July.

Palazzo Financing: Sands Has IPO Plan for Resort

9 August 2004

Based on surging demand for Las Vegas as a business and leisure travel destination, Las Vegas Sands is proceeding full-speed ahead with financing for a $1.6 billion, 3,000-room resort adjacent to The Venetian.

Vegas Company Posts a Profit

6 August 2004

Pinnacle Entertainment Inc. of Las Vegas swung to a second-quarter profit on a property sale gain, revenue growth fueled by a newly expanded property and cost cutting.

Trade Show Lodges Complaint Against Mandalay Director

6 August 2004

A small trade show said it has filed a formal complaint with Mandalay Resort Group against a Mandalay board member, saying the board member violated the company's conflict of interest rules by attempting to obtain an equity interest in the show and then blocking the show's desired dates.

Park Service's Plan to Buy Hacienda Advances

6 August 2004

A casino near the entrance to Lake Mead that has long been eyed by developers is one step closer to becoming property of the National Park Service.

State Hires Casino Consulting Firm

6 August 2004

The state awarded a contract to a Pennsylvania-based consulting firm to help develop a way to monitor money pouring in at slot machine parlors across the state and do background checks of applicants seeking lucrative gambling licenses.

Development: CEO Ready for Bigger Enterprise Near Palms

6 August 2004

Chris DelGuidice is still wading through permitting issues for his 880-unit Vegas Grand condominium off Flamingo Road at Swenson Avenue, but he's already making plans for an even larger project next to the Palms.

SEC Filing Notes Wynn Las Vegas on Budget, on Schedule

5 August 2004

Wynn Resorts Ltd., the company behind the $2.7 billion Wynn Las Vegas megaresort, said in a Wednesday filing with federal regulators that it sold its Global Express aircraft this month for $33 million.

Schwarzenegger Comes Calling

5 August 2004

California Gov. Arnold Schwarzenegger spread his message Wednesday about the revival of his state's economy, but the crowd that lined the runway and second floor at Fashion Show mall seemed more interested in the show than the substance.

The Strip: Protesters Stage Rally at Aladdin

5 August 2004

With the expected takeover of the Aladdin by the Planet Hollywood ownership group less than a month away, an estimated 1,500 union protesters rallied Wednesday against the property's failure to recognize the union's organizing claims.

Shuffle Master Files Lawsuits Over Patents

4 August 2004

Saying the company intends to aggressively defend patent rights on its products, Shuffle Master Inc. filed a pair of lawsuits in U.S. District Court in Las Vegas.

Critics Rush to Pan Schwarzenegger's Las Vegas Appearance

4 August 2004

Without so much as a sneak preview, some notable critics dismissed today's planned Arnold Schwarzenegger Strip stage show as too much style and too little substance.

Officials Spotlight Efforts Against Problem Gambling

4 August 2004

The casino industry has stepped up its campaign against problem gambling with more than $13 million in contributions to a national research center and one program that slams the door on gamblers who show serious symptoms of addiction.

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