Las Vegas News - Page 669

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U.S. Slowdown Hurting Demand for Las Vegas Casinos

2 August 2001

The Las Vegas Strip will be hit by a slowdown in free-and-independent travel, which is related to the economy in general, says Jason Ader, gaming analyst with Bear Stearns.

Sommer, London Clubs Still Sorting Aladdin Details

1 August 2001

London Clubs International said this morning it does not have a definitive agreement to take majority control of the $1.2 billion Aladdin hotel-casino.

Privacy Concerns Arise in Internet Gaming Review

1 August 2001

Nevada and Australian gaming regulators appear to vary on at least one significant element of regulating Internet gambling: how to curb activities of problem gamblers.

Locals Gaming Giant Lays Off 24

31 July 2001

Station Casinos eliminates 24 middle-management executives, including the longtime corporate spokesman. Last week, Station reported a sharp decline in quarterly earnings.

Missouri Casinos Boost Earnings for Ameristar

31 July 2001

An increase in revenues from two Missouri casinos acquired by Las-Vegas based Ameristar Casinos Inc. has boosted the company's earnings to record levels.

Regent Bidder Reimbursed

31 July 2001

A federal bankruptcy judge agreed to award Los Angeles investment company Maritz Wolff up to $250,000 in expense reimbursements, even if the company is ultimately not successful in its bid for the bankrupt Regent Las Vegas hotel-casino.

Hard Rock Plays Unlucky, Profit Still Improves

31 July 2001

Hard Rock Hotel reports a profit increase despite a below-normal level of money held by the casino at its gaming tables.

London Clubs Takes Majority Stake in Troubled Aladdin Hotel-Casino

31 July 2001

British casino operator London Clubs International announced today it is the new majority shareholder of the $1.2 billion Aladdin hotel-casino on the Las Vegas Strip.

Nevada Casinos Bet on Keno-Lottery Game

31 July 2001

News Brief: The nightly, statewide `Nevada Numbers’ drawing is being tested in keno lounges at Bally's Las Vegas, Paris Las Vegas and the Las Vegas Hilton.

Critics Decry 'Laundering' of Casino Licenses

30 July 2001

News Brief: Across the country riverboat casino owners in trouble with state regulators have found profit in their problems. They've sold their operations to less-troubled companies -- a practice gambling critics blast as license laundering.

London Clubs CEO Out: Aladdin Fate up in Air

30 July 2001

Alan Goodenough has resigned as executive chairman of London Clubs International, as speculation swirled on both sides of the Atlantic that his company is about to take control of the $1.2 billion Aladdin hotel-casino on the Las Vegas Strip.

Bill Validation Tech Denies Charges

30 July 2001

A former support technician of Las Vegas currency validation equipment maker JCM American Corp., who was accused by the company of stealing company trade secrets, has disputed the company's charges.

Casino to Breathe Life into Downtown Reno

29 July 2001

News Brief: Barney Ng is betting that his new $70-million Siena Hotel Spa & Casino will breathe new life into downtown Reno.

Las Vegas Casino Figure Jailed for Bankruptcy Fraud

27 July 2001

News Brief: Once-flamboyant penny-stock tycoon, Robert Brennan, was sentenced to more than nine years for money-laundering and bankruptcy fraud. He had been a high-rolling gambler and had tried to develop the old El Rancho site.

Station Casinos Buyback May Hike Price of Stock

27 July 2001

Station Casinos‘s plan to buy back as much as 17 percent of its own stock indicates a shift in the company's investment philosophy.

Station Casino Calls North Las Vegas Project Off

26 July 2001

Station Casinos Inc. announced this morning it is abandoning a controversial casino proposal in North Las Vegas.

Gaming Panel Chairman Resigning

26 July 2001

Brian Sandoval is resigning as chairman of the Nevada Gaming Commission and is considering a run for state attorney general next year. Sandoval supported Nevada's interactive gaming legislation.

Venetian Room Rates Strong, Casino Unlucky

26 July 2001

For the second straight quarter, the Venetian's earnings have been pushed down by below-normal hold, even while demand for its hotel rooms boomed. Hotel revenue exceeded casino revenue.

Casinos Happily Cash Tax Rebates

26 July 2001

Casinos that routinely advertise paycheck cashing promotions are now gearing up to cash the rebate checks.

Legal Insurer Wants Out of Vegas Casino Design Case

25 July 2001

A legal malpractice insurer is disclaiming responsibility for claims made by a law firm representing architect Domingo Cambeiro in a battle over the design of the New York-New York hotel-casino.

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