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Las Vegas News - Page 592

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Dynamics Help Locals Market Flourish

One of the reasons competition for the locals gambling customer is so strong is that Las Vegas locals love to gamble.

Locals Casinos: Competition Heating Up

Two dominant companies rule the Las Vegas locals' roost, but Station Casinos and Coast Casinos don't really compete head-to-head.

Vestin Exposure Limited in Castaways Financing

Vestin Mortgage of Las Vegas moved last week to clarify news reports about its stake in a $20 million loan at the center of the Castaways hotel-casino bankruptcy case, emphasizing that its position in the loan is just $7.5 million.

Four Queens Sale Set to Close

The Nevada Gaming Commission on Thursday approved a casino license for poker bar owner Terry Caudill to own and operate the Four Queens casino downtown.

Mandalay to Open Mall

Mandalay Resort Group has signed leases with many of the 40 or so boutique retailers and restaurants set to open this fall in the skyway mall linking the company's Mandalay Bay and Luxor casinos.

Nevada Officials Heed Station Casino's Power

The power of Station Casinos' Sacramento, Calif.-area tribal casino isn't lost on the Nevada Gaming Commission, which held its monthly meeting Thursday in Las Vegas.

MGM Mirage Quits Trade Groups

Unhappy that a broad-based business tax wasn't approved by the Nevada Legislature while casino taxes were increased, gambling company MGM Mirage Inc. quit the Las Vegas Chamber of Commerce and two other business groups.

Castaways to Get New Loan

The bankrupt Castaways hotel-casino on Wednesday received a financial boost from Vestin Mortgage.

Tropicana Results Decline, Redevelopment Studied

Aztar Corp. executives say they are on track with a plan that will allow them to make a definitive decision on whether to redevelop the Tropicana resort in Las Vegas.

Reverend Jackson, Workers Rally at Aladdin

News Brief: The Reverend Jesse Jackson and a sea of workers rallied in front of the Aladdin megaresort Wednesday to try to force casino management to recognize its recently formed union.

Gideon Bibles Still Offered in Las Vegas

In Las Vegas, most major casinos offer Gideon Bibles in rooms but don't have other holy texts available.

Downtown Casinos Agree to Slots at Neonopolis

Las Vegas Mayor Oscar Goodman said Thursday a deal has been struck with the consortium of downtown casinos that permits a total of 25 slots in Neonopolis' restaurants and bars.

Speaking Their Language

The Las Vegas Convention and Visitors Authority has for the first time developed original Spanish-language spots to lure more drive-in traffic from nearby areas with large Hispanic populations.

Vegas Time-Share Execs Resign

Two senior executives and two board members at bankrupt Mego Financial Corp./Leisure Industries of Las Vegas have resigned.

Castaways Exec Outlines Property's Woes

A Castaways hotel-casino executive on Wednesday detailed problems at the struggling Las Vegas property, saying it was denied its best shot at raising funds to convert into a Holiday Inn franchise.

Traffic at McCarran Up in June

The number of passengers flying in and out of Las Vegas' McCarran International Airport increased by 2.3 percent in June over the same month a year ago, the airport reported today.

New Tower Part of Caesars, Park Place Revival Strategy

Park Place Entertainment Corp. has resurrected plans to build a $350 million room tower at Caesars Palace, a company official said today.

Wynn Buys Rembrandt Self-Portrait

Steve Wynn's added a Rembrandt self-portrait to his art collection, and the Strip developer is happy about the $11.3 million purchase.

Travel and Tourism: Data: May Visitor Count Flat

The city's primary economic engine remained largely in neutral through the first five months of 2003, a new survey shows.

Wynn Buys Rembrandt Self-Portrait

A Rembrandt self-portrait that went unrecognized for more than three centuries was bought at auction today for $11.3 million by casino developer, Steve Wynn.

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