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Las Vegas News - Page 684

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Strip Hotel Sues Firm Over Canceled Convention

Bally’s hotel-casino sues e-commerce company over alleged breached contract.

Stockholders Shudder as Gaming Industry Revenues Dip

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 Facilities

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.

Las Vegas has Glut of Empty Showroom Seats

Why should the Rio showroom, recently vacated by David Cassidy and Sheena Easton, be without a tenant in a town filled with talent?

Hearing Sought for Casino Robbery Suspect

Prosecutors and defense lawyers in a security-heightened Bellagio casino robbery case agree that the public needs to be allowed into an upcoming hearing.

Nevada Gaming Figure Recommended for Park Place Director Position

William Barron Hilton, who has been associated with Nevada gaming since the 1970s, has been recommended by the state Gaming Control Board to be a director and shareholder in Las Vegas-based Park Place.

Station Casino gets City Council OK for Development

News Brief: Station Casinos will build a hotel-casino and movie theater next to a golf course after a unanimous vote late Wednesday by the North Las Vegas City Council.

Microsoft and Alliance Gaming Agreement Announced

Alliance Gaming Corp. said Tuesday it entered into an alliance with Microsoft Corp. to develop a new software platform for slot machines.

Woes Hurt Harrah's Profit

As expected, Harrah's Entertainment Inc. of Las Vegas today reported a heavy loss for Q4 2000, as harsh weather, low hold and the bankruptcies of National Airlines and Harrah's New Orleans took their toll.

Ex- Park Place Executive Leading Casino Development Effort

Paul Pusateri, one of the key men in the development of the Paris Las Vegas hotel-casino, has joined Florida-based Turnberry Associates in its efforts to develop a London-themed resort on the north end of the Las Vegas Strip.

MGM Mirage Casino Stock Sold

News Brief: Kirk Kerkorian, the controlling shareholder of Las Vegas-based casino giant MGM MIRAGE, sold 1.89 million shares of MGM MIRAGE stock Tuesday afternoon.

Council to Consider North Las Vegas Casino

After months of very public and sometimes heated debate, an application for a casino on the Craig Ranch Golf Course is in the hands of the North Las Vegas City Council.

Venetian Reverses Loss Record

The Venetian's strong business trends continued in the closing months of 2000, as the resort reversed the losses posted one year ago.

Desert Inn Development Plans to be Announced Soon

Steve Wynn said he's just months away from revealing final plans for his newest resort casino on the Las Vegas Strip.

Judge Holds Secret Hearing for Casino Robbery Case

District Judge, without notifying the public, held an unusual hearing at the Clark County Detention Center last month in the high-profile case of a dangerous suspect in a string of Strip casino robberies.

Atlanta Lender Sued over LV Casino Loan Fee

Flamingo sued Choice International Corp., alleging the lender repeatedly refused to return what Flamingo called a `refundable commitment fee’

Nevada Casino Sued Over Molestation of Girl

The family of an 8-year-old is seeking more than $5 million in punitive damages from Si Redd's Oasis hotel-casino in Mesquite.

$1 billion in Expansions Planned for Venetian

Some people may worry about the strength of the Las Vegas market, but not Sheldon Adelson, owner of the Venetian.

Analysts: Las Vegas Megaresorts Struggle in Search for Partners

News Brief: A number of recently proposed Las Vegas megaresorts will likely face a tough challenge in getting partners with casino operating experience, as major Las Vegas gambling companies have shifted their growth focus to Atlantic City, analysts say.

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