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Las Vegas News - Page 637

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Judge Gives Aladdin Debt Extension

A visiting U.S. Bankruptcy Court judge has given the Aladdin hotel-casino permission to extend its debtor-in-possession financing facility through Dec. 31.

Japanese Tourism Languishing

News Brief: Japan's two largest airlines this week reconfirmed what many Las Vegas businesses and tourism officials have known for months: Fewer Japanese are traveling to the United States.

Wynn Resorts Sets Company Board as Le Reve Construction Start, IPO Near

Steve Wynn's new company is taking shape, as former Gov. Bob Miller and Wynn's wife Elaine Wynn have agreed to join the Wynn Resorts board of directors, the company revealed in a Tuesday Securities and Exchange Commission filing.

Coast to Run Sports Book

Renata's Casino has tapped locals' casino operator Coast Casinos to run its sports book.

What Went Wrong With Aladdin?

Two years to the day after the property opened, and nine months after it filed for bankruptcy protection from its creditors, casino industry insiders still talk about what went wrong with the $1.3 billion Aladdin megaresort.

High Rollers Decline Bad News for Casinos

Gone are the days when Silicon Valley twentysomethings dropped tens of millions of dollars on the high-end tables of South Strip casinos. The big-time bettors of Brazil and Argentina have evaporated with the value of their bank accounts.

Regulator: Gaming Firms Not Immune to Scandal

The casino industry isn't immune to the kinds of scandals that have brought down mighty companies in a wave of corporate accounting scandals, a top Nevada regulator told a group of casino compliance officers.

Loss of Jobs, Tourists Feared

The news that the federal government denied National Airlines' bid for a federal loan guarantee doesn't bode well for the Las Vegas economy, which is dependent upon air travel, experts say.

Memorial Planned for Sept. 11 Heroes

News Brief: Thousands of firefighters marched down the Las Vegas Strip in 113-degree temperatures on Wednesday to the New York-New York hotel casino where plans for a permanent memorial to the heroes of Sept. 11 were announced.

Court: Stratosphere Note Holders Can't Collect

A federal appeals court has ruled that those who held notes when the Stratosphere filed bankruptcy in Las Vegas are not entitled to collect an estimated $20 million from an associated company.

Gallagher Nixes Minority Employment Data Release

Park Place Chief Executive Officer Tom Gallagher said Monday night that his company has no near-term plan to publicly release its minority employment numbers.

Hotel-Casino Patron Loses Case

The Nevada Supreme Court, in a 2-1 decision, has ruled an elderly woman who slipped on a puddle of water on the hardwood floor of the Western hotel-casino in Las Vegas was not entitled to any money.

Park Place Plan to Leave Nevada Power Approved

Park Place Entertainment, owner of Caesars Palace, Bally's and Paris-Las Vegas, has become the sixth company to declare its intent to leave Nevada Power Company.

Panda Project Draws Protest

Las Vegas casino operator Mandalay Resort Group says it is forging ahead with plans to display two giant pandas near its Mandalay Bay hotel-casino despite criticism from conservation groups.

Binion's Horseshoe Removes Table Games

News Brief: Binion's Horseshoe has removed a number of table games from the former Mint casino area on the west side of the property and replaced them with slot machines.

Riverdance King Interested in Aladdin

A London tabloid says entertainer Michael Flatley, whose Irish folk dance shows have been seen by millions of people worldwide, is making a bid to buy the bankrupt Aladdin hotel-casino.

Gaming Regulators Loosen Work Card Proposal

News Brief: In the newest draft of proposed revisions in the work permit application and approval process for Nevada casino employees, regulators dropped use of arrest records as a reason for denial.

Mandalay Bay Approved for New Tower

Clark County commissioners unanimously approved a plan by Las Vegas Strip casino operator Mandalay Resort Group to build a 1,126-room hotel tower at its Mandalay Bay hotel-casino.

ACLU Objects to Proposed State Work Card Rules

The first draft of rules intended to implement the state's new casino work card law has raised strong concerns from civil libertarians and worker advocates.

The Venetian Sweeps Top Awards

The Venetian has won `Best Overall Hotel’ by Casino Player magazine's reader poll, the top `Four-Star rating by Best Places, and the `Pinnacle Award’ by readers of Successful Meetings magazine.

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