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Las Vegas News - Page 633

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Harrah's Reveals Strong Fourth-Quarter Earnings

The news that Harrah's Entertainment expects it will handily beat analyst expectations for the last quarter sent Harrah's stock up more than 4 percent this morning to a 52-week high.

Commission Approves Timeshares Complex

A project to convert the Lady Luck hotel-casino's west hotel tower into a timeshare complex has been approved by the Las Vegas Planning Commission.

Petition Proposed For Hiking Gaming Taxes

Barry Michaels is following in the footsteps of state Sen. Joe Neal, in an effort to boost taxes on the gambling industry.

Nevada Senator Denounces Yucca Comments by Sununu

Nevada political leaders, long opposed to the plan to store nuclear wastes at Yucca Mountain, 100 miles from Las Vegas, were angered by John Sununu’s comment that the state should “do its part” for homeland security.

Casino Industry Role Debated in Yucca Nuclear Waste Issue

The casino industry has either been a leading voice in the battle to defeat the plan to store nuclear waste at Yucca Mountain or has played a relatively benign role in the debate depending on the person delivering the analysis.

Casino Robbery Mastermind Tried for Killings, Heists

Jose Vigoa, the alleged mastermind behind a series of casino robberies and a double homicide, will be tried on a consolidated slate of charges.

Nevada Gaming Revenue Declines

Winnings by Nevada casinos dropped in November, the third consecutive month of declines blamed on the terrorism in September.

Wynn Says Financing Nearly Complete for Le Reve

His new water-themed resort, on the site of the old Desert Inn, will cost $1.63 billion. It should open by September 2004.

UNLV Group to Hold Casino Stocks

The University of Nevada, Las Vegas' fund-raising organization will soon have a small stake in Jackie Gaughan's three downtown Las Vegas casinos and, as a result, those casinos will no longer accept bets on UNLV.

Gaming Regulators React to Harrah's Executive Criticism

Gary Loveman took some flak from Control Board members, who were concerned by Loveman's public criticism of the gaming regulatory process last August.

Capital One Considers Expanding Vacation Village

Capital One , which acquired the Vacation Village hotel-casino out of bankruptcy for $17.8 million, said it's now talking with two gaming operators about a possible joint venture to redevelop the 315-room property.

Contract Talks Will Test Union, Casino Relationship

With many Culinary Union members still out of work and the union’s contracts with all Las Vegas Strip hotels soon to expire, the union and casinos’ generally warm relationship is facing its greatest test.

Aladdin Business Improves; Court OK's Financial Package for Execs

The bankrupt Aladdin megaresort improved its recent results, performing significantly better than property bosses had earlier forecast, an Aladdin lawyer told a U.S. Bankruptcy Court judge Tuesday.

MGM Mirage Plans Online Sports Betting Site Based in UK

News Brief: The world's second largest gambling company is set to enter the UK market in the coming months with the launch of an online betting business.

Vacation Village Casino Expected to Close

The small casino, which is two miles south of Mandalay Bay, was expected to close early Wednesday because of a dispute between its new owner and the family that operated it.

Former Nevada Regulator Hired by Slot Manufacturer

Steve DuCharme, former head of the Nevada Gaming Control Board, joins WMS Gaming as a consultant – just days after he is legally able to work in the industry.

Casino Operators Win Trademark Cases

A federal judge in Las Vegas ordered two Internet website companies and their owners to stop registering or trafficking domain names containing the trademarks of five Las Vegas gaming companies.

Lady Luck Casino Considering Timeshares

The owner of the Lady Luck hotel-casino is considering adding timeshare units to the struggling downtown Las Vegas property in an effort at boosting its fortunes.

Station Clears Hurdle for Sacramento Casino

Station Casinos plan to manage a Sacramento, California-area tribal casino received a boost when the U.S. Department of the Interior announced that it plans to place land in trust for the site of a United Auburn Indian Community gambling complex.

Nickel Not Small Change in Nevada

According to Nevada’s casinos, nickel slot machines are an important part of the gaming industry.

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