Las Vegas News - Page 668
Aladdin Eyeing Refinancing, Recapitalization Plans
16 February 2001
The new Strip resort is struggling under a heavy debt load. London Clubs International, its 40 percent owner, also needs cash.
Nevada Bill Makes it Harder to Build Neighborhood Casinos16 February 2001
A bill was introduced in the Nevada Senate to make it tougher to get approval to build big casinos in residential neighborhoods in Clark County.
Nevada Lawmaker Questions Shrinking Casino Profit Report16 February 2001
News Brief: Nevada state Sen. Joe Neal questions a gaming board report showing a huge drop in their net profits, from $876.6 million in fiscal 1999 to $496.8 million in fiscal 2000.
Aladdin Eye Refinancing, Recapitalization Plans16 February 2001
Burdened by a heavy debt load, the $1.2 billion Aladdin resort on the Las Vegas Strip needs additional cash as it makes its way through a tough start-up period.
Lady Luck Hotel-Casino Posts Loss15 February 2001
The owner and operator of the Lady Luck hotel-casino in downtown Las Vegas today reported a significant loss for the third quarter, as weather and one-time charges took their toll on earnings.
Santa Fe hotel-casino Wins Labor Dispute15 February 2001
The National Labor Relations Board has denied an appeal by the Culinary Union alleging it had a contract at the Santa Fe hotel-casino.
Shareholder to Buy Assets of Bankrupt Spintek Gaming15 February 2001
The trustee for bankrupt Spintek Gaming Technologies Inc. of Las Vegas has agreed to sell the bankruptcy estate's gaming assets to its largest creditor for more than $1 million.
Nevada Casino Profits Reported to be Down15 February 2001
While Nevada casinos are raking in more money, their profits have fallen to their lowest level in at least 16 years.
High Heels, Overtime Issues at Casinos to be Considered14 February 2001
A group of cocktail waitresses told a Senate committee Tuesday that the high-heeled shoes required by many casinos have caused foot deformities.
MGM Mirage Ranks First in Survey13 February 2001
MGM Mirage is the most-admired casino operator in Fortune magazine's annual rankings, displacing last year's leader Harrah's Entertainment Inc.
American Vantage Sells its Internet Subsidiary13 February 2001
American Vantage Cos. of Las Vegas said it sold its majority interest in a New York-based Internet job recruiting service.
Desert Passage Caviar Bar Bankrupt13 February 2001
The Beluga Bar at the Caspian Sea, one of the high-profile retailers at the Desert Passage mall at the Aladdin resort on the Las Vegas Strip, has filed for Chapter 11 bankruptcy protection.
Dealers at Bally's, Riviera Vote Against Union Organization12 February 2001
The Transport Workers Union has won two elections and lost five in its drive to organize Las Vegas dealers.
Bulking Up with New Planes, Virgin Adding Third LV Flight.12 February 2001
Virgin Atlantic Airlines will add a third nonstop flight between London and Las Vegas next summer.
Two builders Win Lien Rulings Against Venetian Resort12 February 2001
A state judge has awarded two subcontractors $7.5 million to pay for work performed on the construction of the Venetian resort on the Las Vegas Strip.
Venetian Wants to Cooperate with LVCVA, Suits will be Settled12 February 2001
A settlement ending the legal dispute between the Venetian hotel-casino and LVCVA will be considered Tuesday.
2000 Nevada Gaming Win Up 6.4%12 February 2001
Strip up 9% in December.
Strip Hotel Sues Firm Over Canceled Convention12 February 2001
Bally’s hotel-casino sues e-commerce company over alleged breached contract.
Stockholders Shudder as Gaming Industry Revenues Dip11 February 2001
News Brief: The year 2000 gave investors in gaming stocks major heartburn as companies reported gambling revenue dipping for the first time in two years.
Vegas Rolls the Dice on Expanding Convention Facilities11 February 2001
News Brief: Gambling profits seem to be declining, so the city has branched out by expanding its convention facilities; it seems to be working, but a recession would be bad news.
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