Las Vegas News - Page 567

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Fitzgeralds' Value Cut by $10 million

3 March 2004

The parent company of the Fitzgeralds hotel-casino in downtown Las Vegas reported a $10 million charge to write down the value of the property after spinning it off to a different company subsidiary in December, the company reported in its fourth quarter earnings statement Tuesday.

March Conventions Hit Record

3 March 2004

For the first time in the Las Vegas Convention Center's 45-year history, 20 separate trade shows and events will occupy the building this month.

Barrick Gaming Discloses Major Investment Plan

3 March 2004

The state Gaming Control Board today recommended approval for Barrick Gaming Corp.'s purchase of most of Jackie Gaughan's downtown Las Vegas real estate assets, including four hotel-casinos.

Las Vegas Slot Parlor Closes

2 March 2004

The Town Hall slot parlor on Koval Lane south of Flamingo Road closed Monday because of financial problems.

Former Castaways, Horseshoe Staff : Once Gone, But Now Taken On

2 March 2004

Thanks to pent-up demand for workers in the gaming industry, major casino companies are snatching up former Binion's Horseshoe and Castaways workers, even as the proposed sales and reopening of the properties are progressing.

Longtime MGM Executive Fred Benninger, 86, Dies

2 March 2004

Fred Benninger, who with longtime friend and business partner Kirk Kerkorian developed notable Nevada resorts including the International and a pair of MGM Grand properties, died Sunday at his Las Vegas home.

Inside Gaming Column: Filegate Left for Control Board to Finish

1 March 2004

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

Airport Efforts Appear to Work

1 March 2004

Sometimes people's fondest dreams come true -- and sometimes their worst nightmares never materialize. So far this weekend, both such scenarios have applied to the operators of McCarran International Airport.

Wynn's Stock, Hotel in Fine Shape

1 March 2004

Wynn Resorts topped off twice this week: It poured the top slab on its signature Las Vegas resort and its stock continued its remarkable climb with share price increases leading all other major gaming companies.

Former Sands Exec to Start Own Company

27 February 2004

David Friedman, the No. 2 executive and jack-of -all-trades for Las Vegas Sands owner Sheldon Adelson has confirmed he is resigning to start a new company.

Expert: Las Vegas Could Benefit from Union Merger

27 February 2004

Las Vegas stands to get a lift from the merger of the Culinary's parent union with the retail, textile and laundry workers union, even though it could be challenging for the gaming industry, a UNLV professor said.

Time Shares Plan Considered for Aladdin Land

27 February 2004

Planet Hollywood International Inc. Chairman Robert Earl thinks time share units may be the best way to use a vacant parcel next to the Aladdin that he and his partners would acquire as part of the Las Vegas megaresort they've agreed to purchase out of bankruptcy protection.

Venetian Contest-Rigging Execs Still in Business

27 February 2004

Two of the casino executives fired by the Las Vegas Strip's Venetian resort for their involvement in the rigging of three 2002 promotional contests are still working in the casino business.

Barrick Gaming Secures Financing for Acquisitions

26 February 2004

Barrick Gaming, the start-up company buying four downtown Las Vegas casinos from gaming pioneer Jackie Gaughan recently secured financing for the roughly $82 million deal, a company executive said today.

Individuals Not Named in Venetian Complaint

26 February 2004

Don't look for the names of The Venetian executives responsible for rigging three February 2002 contests for high-rolling gamblers in the complaint and settlement agreement the megaresort and the Gaming Control Board agreed to Tuesday.

Aladdin's Loss Narrows

26 February 2004

The bankrupt Aladdin resort on the Las Vegas Strip reported a $402,122 loss in January in a recent filing with the U.S. Bankruptcy Court.

Mandalay Ad Campaign Stresses Fun

26 February 2004

Mandalay Resort Group is changing the direction of its advertising for its 4,404-room Luxor megaresort on the Las Vegas Strip.

Venetian Exec Leaves for New Venture

26 February 2004

Venetian hotel-casino owner Sheldon Adelson's right-hand man, David Friedman, is leaving the company to build a new gaming resort in Las Vegas.

Las Vegas Boost Room Profits

26 February 2004

Despite flat room rates and tepid leisure travel demand, major Strip hotel-casinos are successfully squeezing ever-higher profits per room, according a Fulcrum Global Partners report.

Latino Theme Eyed as Possibility for Castaways

25 February 2004

The Castaways would be transformed into Las Vegas' first hotel-casino marketed directly to Hispanics if a trio of small casino operators exercise an option to buy the 49-year-old property.

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