Las Vegas News - Page 640
Casino Hotel Rates Continue Downward Trend
2 November 2001
Room rates at Las Vegas Strip hotel-casinos remain sharply below last year's levels going into Thanksgiving week, according to a weekly survey released by Bear Stearns.
Horseshoe Club Owner Sued by Siblings2 November 2001
The children of Las Vegas gambling legend Benny Binion are feuding over the fate of a Las Vegas house they inherited from their mother, Teddy Jane Binion.
Plunge in Asian Tourists Hits Businesses Hard2 November 2001
Retailers catering to Asian visitors are taking the biggest hit from the tourism downturn.
Las Vegas Slowdown Detected Before Sept. 112 November 2001
The magnitude of the business slowdown caused by the Sept. 11 attacks varies dramatically within the Las Vegas convention and tourism industry since many were expecting a slowdown in economy anyways.
Mall Tenants: Desert Passage Fell Short of Expectations2 November 2001
Not all of Desert Passage's tenants are happy. The massive mall has been busy with lawsuits over disputes with four former tenants, seven current tenants and one prospective tenant and many others are disappointed with lack of customers and sales.
Aladdin, Club in Dispute Over Showroom1 November 2001
The bankrupt Aladdin ino has filed a request with a bankruptcy judge to reject a lease held by Showclubs of America, the company that had hoped to open a combination nightclub and 1,200-seat showroom at the Aladdin early next year.
Aladdin Deal on Hold31 October 2001
A federal bankruptcy judge postponed until Tuesday consideration of a $50 million loan to the Aladdin.
Casino Self-Exclusion Programs Grow, Called a 'Work in Progress'31 October 2001
Those who join the programs get removed from the casino's direct-marketing mailing lists, no longer receive casino credit and can't cash checks at the casino. In some states, they aren't allowed to even enter the casino.
Nevada Cash Flow Plunges for Park Place31 October 2001
While business is recovering, Park Place warned investors to expect more of the same in the next quarter.
MGM Mirage Says Asian High Rollers Fear U.S. Travel31 October 2001
The company says business has improved since the aftermath of the Sept. 11 attacks, but it doesn’t expect the big international players to return until next year.
Harrah's Rio Teams Up with Maxim Magazine30 October 2001
Harrah's Entertainment is in a deal with the popular men's magazine Maxim aimed at drawing the young hip crowd to its off-Strip Rio hotel-casino.
Program Helps Laid-Off Workers Retrain for New Jobs30 October 2001
Foundation for an Independent Tomorrow, a privately funded nonprofit organization, is helping laid-off casino and hotel workers retrain for new jobs.
Stratosphere Hotel Threatens To Derail Monorail30 October 2001
Stratosphere executives pushing for approval of a giant thrill ride could sideline a downtown monorail plan that has been the focus of efforts by city and state officials for years.
International Travel to Las Vegas Plunges 40 percent29 October 2001
Airline traffic to Las Vegas from Japan and Mexico were the hardest hit by the downturn following the Sept. 11 terrorist attacks, McCarran International Airport statistics show.
Venetian Employment Level May Not Recover29 October 2001
Though employees' hours have been rising at the Venetian as business recovers, they are unlikely to ever return to the levels seen before Sept. 11, executives with the hotel-casino's parent company said Friday.
Report: London Clubs Near Release from Aladdin Obligations29 October 2001
London Clubs International is close to a deal with the Aladdin's bankers releasing it from its obligations to the bankrupt Las Vegas Strip hotel-casino.
Low Comdex Room Rates Reflect Industry Weakness29 October 2001
Not even Comdex, historically Las Vegas' largest convention, appears to have the power to revive slumping midweek business trends for the city's casino hotels.
State Senator Wants Panel to Review Nevada Casino Taxes26 October 2001
News Brief: Nevada State Sen. Joe Neal wants a legislative advisory panel to review taxes paid by Nevada's casino industry, saying the clubs will use the Sept. 11 terrorist attacks as an excuse to fight any tax rate hikes.
Laid-Off Casino Workers Upgrade Skills26 October 2001
As thousands of laid-off casino workers stare at a tight and competitive job market, some are using their free time to take classes at the culinary union's training academy.
Construction Insurer to Pay Regent $22 Million25 October 2001
The company that provided the bankrupt Regent with insurance on the project has agreed to pay $22 million.
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