The STRAT Hotel, Casino & Tower News - Page 12

News Brief: Two thrill-seekers got a little more fright last night than they bargained for when the Stratosphere hotel-casino's newest ride malfunctioned leaving two girls stranded.

"Vegas Elvis" became the second reality program in less than two months to suffer a cast member suicide.

American Casino and Entertainment Properties, the parent company of the Stratosphere and the two Arizona Charlie's casinos reported an increase in net revenues of 14 percent and a 64 percent increase in pre-tax earnings for 2004.

American Casino & Entertainment Properties, the company that operates the Stratosphere and the two Arizona Charlie's properties, is taking steps to try and slow the migration of employees to larger operations.

American Casino & Entertainment Properties LLC on Wednesday reported net income of $4.2 million on net revenue of $75.1 million for its quarter ended Sept. 30.

The Stratosphere hotel and casino today revealed details of its fourth thrill ride, scheduled to open early next year.

The Stratosphere hotel and casino has introduced a topless pool called Beach Club 25 on the 25th floor of its hotel tower.

The attorney representing the Stratosphere said he wasn't sure what the hotel would do now that the Nevada Supreme Court has rejected its appeal of the decision that denied a thrill ride that would have swooped from the hotel across Las Vegas Boulevard.

A state Supreme Court panel on Friday upheld a lower court decision rejecting an effort by the Stratosphere to build a thrill ride on its Las Vegas gaming property.

The Nevada Supreme Court today rejected the appeal of the Stratosphere Resort & Casino to develop a roller-coaster-type thrill ride at its property in Las Vegas.

American Real Estate Partners, billionaire Carl Icahn's holding company, is expected to today complete the reorganization and financial restructuring of its Nevada and New Jersey casinos, including the Stratosphere in Las Vegas

The Stratosphere Casino Hotel and Tower is expanding its Tower Shops by the size of a big supermarket and is undergoing a face lift in an attempt to attract more local business.

American Casino & Entertainment reports net revenues for 2003 amounted to $262.8 million, an increase of $12.8 million, or 5.1%, over 2002.

American Casino & Entertainment Properties has agreed to acquire Arizona Charlie's Decatur and Arizona Charlie's Boulder, two casinos in Las Vegas.

In 3 ½ years, Icahn Gaming Chief Executive Officer Rich Brown has seen a handful of smaller casinos more than quadruple their cash flow.

The Stratosphere is considering a variety of new features to drive additional revenue to the resort, including a convention center, nightclub and indoor racetrack, company officials say.

Richard Brown has been promoted from chief operating officer to president and chief executive officer of the Stratosphere Casino Hotel and Tower in Las Vegas.

A federal appeals court has ruled that those who held notes when the Stratosphere filed bankruptcy in Las Vegas are not entitled to collect an estimated $20 million from an associated company.

Financier Carl Icahn is once again moving forward with a proposal that would take Stratosphere Corp. completely private.

Harrah's sys the U.S. District Court in Nevada issued an injunction prohibiting Stratosphere Corp. and others from infringing on one of Harrah’s marketing patents.