Las Vegas News - Page 692

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.

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.

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.

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

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

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.

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

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.

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

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.

News Brief: A Nevada Gaming Control Board analysis shows Indian gambling in California is likely to flatten casino revenue growth in several Nevada areas, including Reno and downtown Las Vegas.

Standard & Poor's issued negative credit reports on Station Casinos Inc. and MGM MIRAGE, citing concerns over potentially heavy debt loads incurred by the two Las Vegas companies' recent acquisition sprees.

The Regent Las Vegas denied charges raised by its former chief operating officer in a lawsuit that a locals-oriented marketing plan helped drive the resort into bankruptcy.

News Brief: Plans for the $104 million Dynasty Forbidden City hotel-casino include a four-story hotel tower with a U-shaped parking garage wrapped around it in a design reminiscent of the Great Wall of China.

News Brief: The Nevada Supreme Court rejected casino dealers' demands for a medical monitoring program to be paid by tobacco companies to detect the onset of tobacco-related illnesses as a result of their exposure to secondhand tobacco smoke at work.

Aztar Corp. of Phoenix today reported a 20 percent increase in earnings per share, as its Tropicana hotel-casino on the Las Vegas Strip posted much improved results for the quarter ending Dec. 28. 2000.

After a difficult opening, the Aladdin recorded positive cash flow for the quarter ending Dec. 31, its chief executive said Monday.

News Brief: The Supreme Court has ordered a new trial over a $5.8 million jury award against The Mirage because a district judge didn't let two jurors help determine the award.

A Las Vegas-based developer has started construction of Tuscany Suites, a 1,000-room hotel-casino slated for completion in fall 2001.