Las Vegas News - Page 680
Budget Shortfall Threatens Problem Gambling Bill
3 May 2001
Nevada's budget shortfall is raising fears that funds won't be available for a bill designed to combat problem gambling in the state.
Park Place Fined $25,0003 May 2001
Park Place, the owner of the Bally's-Paris casino complex in Las Vegas, has admitted to the state Gaming Control Board that it violated accounting regulations that are designed to stop laundering of money by players.
MGM Mirage Buys California Lottery Outlet3 May 2001
MGM MIRAGE, the biggest casino operator on the Las Vegas Strip, is getting into the one type of gambling it can't offer in Nevada, the lottery business.
LVCVA Closes on Purchase2 May 2001
The Las Vegas Convention and Visitors Authority has closed on its $14.1 million purchase of the World Trade Center hotel.
Bankers' Help Likely Needed to Keep Aladdin From Bankruptcy2 May 2001
The Aladdin passed a potentially dangerous date Tuesday with no difficulties, but will likely need assistance from its bankers later this summer to avoid bankruptcy.
TV Networks Object to Las Vegas' 'High-Roller' Campaign1 May 2001
Two U.S. networks complain about the way a new advertising campaign for Las Vegas promotes gambling! The campaign began today.
Aladdin to Make Payment on Bank Debt1 May 2001
News Brief: Aladdin Gaming is expected today to make an $11.3 million interest payment on bank debt of $458.7 million, despite a recent auditors' warning that questioned whether the company will meet its scheduled payments this year.
Teamsters Prevail at Aladdin Casino-Hotel30 April 2001
A small group of warehouse workers votes to become the first group of Aladdin employees to have union representation.
Mandalay Bay Plans Mammoth Convention Center28 April 2001
Mandalay Resort Group moved to become a force in the huge Las Vegas convention industry, unveiling plans to build a 1.8 million square-foot convention center at its flagship property on the Strip.
Los Angeles Developer Levels New Charges in Hilton Lawsuit28 April 2001
Los Angeles developer Ed Roski Jr., who sued Park Place Entertainment Corp. over the failed $345 million sale of the Las Vegas Hilton, has leveled new charges against Park Place, saying the sale couldn't be completed in time because it allegedly failed to provide a $30 million loan. Stratosphere comes down to earth with a bump
27 April 2001
Bellagio Shattering Industry Profit Records
27 April 2001
Bellagio produced $93.5 million in cash flow in this past quarter, a record for any Las Vegas property and probably the highest profit ever produced by a hotel-gambling property worldwide.
Internet Gambling Bill Still up in Air26 April 2001
The Nevada Assembly reconsiders two critical votes on a measure allowing state gaming regulators to license interactive gaming and a companion measure that establishes the fee structure for such businesses.
Softening Trend Continues for Las Vegas Hotel Room Rates26 April 2001
News Brief: Report says industry has seen a decline in six of the last seven weeks.
Regent Performance May Be Improving -- Timeshare Possibility Mentioned25 April 2001
The Regent Las Vegas' financial performance is improving as interest in the bankrupt Summerlin property heats up, according to court documents filed Tuesday.
National Airlines Board Member Sued By Casino Partner25 April 2001
A subsidiary of Harrah's Entertainment Inc. filed a lawsuit accusing a board director of bankrupt National Airlines of breach of contract.
Vegas Firms Accused of Violating Casinos' Trademarks25 April 2001
Two Las Vegas hotel-casino operators sued to stop a Las Vegas man and his two companies from using their trademarks to offer online sports betting.
Park Place Boosts Cross-Marketing of Casinos on the Las Vegas Strip25 April 2001
Park Place Entertainment Corp. of Las Vegas today reported a sizable decline in earnings for the quarter ending March 31 -- but not as much of a dip as analysts expected.
Rivals Hurt Station Profits, Reserve Getting Fiesta Brand23 April 2001
Station Casinos Inc. today reported a big earnings dip for the quarter ended March 31, primarily from the sale of its two Missouri properties in December.
Huge Ferris Wheel Pitched for County Land on Las Vegas Strip23 April 2001
A group of investors has proposed constructing the world's largest ferris wheel on a vacant land parcel adjacent to the Aladdin hotel-casino.
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