Las Vegas News - Page 629

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Hotel Values Reduced by $1 Billion

1 March 2002

Twenty-three hotels convinced a Nevada board to reduce the taxable values of their properties by a combined total of about $1 billion, which will mean about $10 million less in property taxes during the 2002-2003 fiscal.

Call For More Downtown Bars, Clubs Creates Buzz

1 March 2002

Las Vegas officials want to revitalize a rundown downtown neighborhood east of the Fremont Street Experience by bringing more taverns and nightclubs into the area.

Aladdin Gaming Seeks Buyers

27 February 2002

News Brief: Aladdin Gaming is actively seeking buyers for the bankrupt Strip megaresort. Candidates could include Stratosphere owner Carl Icahn and Silverton owner Ed Roski Jr..

LV Air Traffic Off 9.7%

27 February 2002

McCarren International Airport passenger traffic was down 9.7 percent in January, from January 2001, as the slow economy continued to depress travel to the gambling capital.

Former Station Exec Buying PT's Pubs chain

27 February 2002

Blake Sartini, a former top executive with Station Casinos Inc., is buying the Las Vegas Valley's largest chain of video poker bars.

Original Studio 54 Figure Eyeing Maxim

27 February 2002

Ian Schrager is placing a bet on the gambling business. He has put down a deposit to buy the shuttered Maxim casino-hotel in Las Vegas.

MGM Mirage Touts Diversification Push

26 February 2002

Its diversification record has improved, but MGM Mirage has a distance to go before it is signing deals with a healthy number of minority-run companies.

Nevada Senator Neal Lobbies for Gaming Tax Increase

26 February 2002

State Sen. Joe Neal, a long-time critic of the gaming industry, challenged MGM Mirage Monday to support his efforts to raise the state's gaming taxes for the first time in 15 years.

Four Casinos Have Taxable Value Reduced

26 February 2002

Four of six Las Vegas casinos will pay less in taxes after the assessed value of their properties was reduced by a total of $94.5 million.

Stratosphere Files New Plan for Thrill Ride

26 February 2002

The Stratosphere filed new plans with Las Vegas officials late Monday for a controversial thrill ride that has been opposed by residents near the hotel.

Aladdin Officials Propose Auction

26 February 2002

As early as November, Aladdin officials indicated a sale of the $1.2 billion property, rather than reorganization, would be the likely outcome of the bankruptcy case.

MGM Mirage Owner Named Richest In Las Vegas

25 February 2002

Kirk Kerkorian, the majority shareholder of Las Vegas-based casino giant MGM Mirage, was named the richest man in Las Vegas in the March edition of Worth magazine.

Wynn: Le Reve Financing Finalize in 7 Weeks

22 February 2002

News Brief: Casino mogul Steve Wynn say that he plans to finalize plans for his new Las Vegas mega-resort, Le Reve, by the end of next week, and that funding should be in place to begin construction within six weeks of that.

Wynn, Redd and Thomas Inducted into Nevada Business Hall of Fame

22 February 2002

Steve Wynn, Si Redd and Parry Thomas are set to be inducted into the Nevada Business Hall of Fame for their role in the development of the state's gambling industry.

Chinese New Year Signals Recovery

21 February 2002

As Chinese New Year comes to an end, it appears the annual festival has lived up to the hopeful expectations of Las Vegas casino operators.

Carlson Chief: Loyalty is Key in New Era

19 February 2002

Encouraging customer loyalty with superior service -- not offering products at deep discounts -- is what tourism companies must do to win customers in the post-Sept. 11 era, the head of a major travel group said in Las Vegas Monday.

Remembering Casino Legend Al Sachs

19 February 2002

Las Vegas was a different town when sharp-dressing casino owner Al Sachs was one of the most recognizable names in town. Many present-day Las Vegans have no idea who this casino legend really was.

Casinos Launch Anti-Nuclear Waste Campaign

19 February 2002

The casino industry is weighing in with money and political muscle in Nevada’s fight against President Bush's decision to send the nation's high-level nuclear waste to Yucca Mountain.

Casino Execs: Past Weekend was Strong

19 February 2002

Las Vegas strip casino executives said that last weekend was one of the city's best since the Sept. 11 terrorist attacks, and they credited the convergence of Chinese New Year with the Valentine's Day and President's Day holidays.

McCartney's Big Payday

18 February 2002

News Brief: The 6 April show is being pencilled in as a replacement for the Lennox Lewis-Mike Tyson fight.

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