Nevada News - Page 612

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Tom Baker to Retire as IGT Chairman

19 November 2004

IGT has announced the retirement of G. Thomas Baker, as chairman of International Game Technology effective March 1, 2005 at the company's annual shareholder meeting.

Nevada Casinos, Suppliers Form Tourism Group

18 November 2004

An organization that will attempt to unify the gaming industry and its suppliers on public policy matters is hoping to pick up members and identify issues prior to the opening of the 2005 legislative session.

Golden Nugget Video Games in the Works

18 November 2004

Majesco Holdings Inc. has signed a licensing deal with the Golden Nugget hotel and casino in Las Vegas for exclusive rights to create video games under the Golden Nugget brand.

Casino Workers Find a Home

18 November 2004

Desert Oasis apartment complex, a virtual city of 52 beige stucco buildings in Primm, , is available only to employees of Primm Valley, an MGM Mirage subsidiary that owns the Buffalo Bill's, Primm Valley Resort and Casino and Whiskey Pete's properties in Primm.

Harrah's Foundation Pledges $1 Million to University

18 November 2004

The Harrah's Foundation has pledged $1 million to the endowment of the Philip G. Satre Chair in Gaming Studies at the University of Nevada, Reno.

Pinnacle Entertainment to Purchase St. Louis Hotel

18 November 2004

Pinnacle Entertainment, Inc. has entered into an agreement with FelCor Lodging Limited Partnership to purchase the Embassy Suites St.Louis-Downtown.

Gaming Parlors are not Producing Desired Results

17 November 2004

When gaming industry lobbyists persuaded the Nevada Legislature, the Nevada Gaming Commission and the state Gaming Control Board to approve a dramatic policy change allowing gamblers to bet behind closed doors, casino executives had dollar signs in their eyes.

New Thrill Ride Detailed

17 November 2004

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

Frustrated Executives Form New Coalition

17 November 2004

Down the street from the Las Vegas Chamber of Commerce office, a group of businessmen announced the formation of a new coalition they say will protect and promote the business interests of the gaming industry's suppliers and vendors.

Another Bit of Yesterday Blown Away

17 November 2004

Another chapter in Las Vegas' colorful history closed beneath a cloud of dust and rubble early Tuesday morning following the implosion of the Desert Inn's nine-story Palms and St. Andrews towers.

Pinnacle Entertainment Announces Cash Tender Offer

17 November 2004

Pinnacle Entertainment, Inc reports that it intends to commence a cash tender offer for up to $94 million in aggregate principal amount of its 9.25% Senior Subordinated Notes due 2007.

Harrah's Joins Children Hospital Campaign

16 November 2004

Harrah's Entertainment, Inc. has joined forces with St. Jude Children's Research to support the hospital's Thanks & Giving campaign.

Gaming Commission Set to Vote on Hard Rock Settlement

16 November 2004

The 10-month controversy over the Hard Rock Hotel's racy advertising campaigns is expected to come to a close this week when the Nevada Gaming Commission considers a settlement agreement hammered out last month.

Venetian Owner Reports Loss

16 November 2004

Incentive payments to executives worth about $62 million and about $49 million in grants of executive stock options helped drive down third quarter profit at the owner of the Venetian resort in Las Vegas.

Advantage Gamblers Lose Case Against Control Board Agents

16 November 2004

A pair of "advantage gamblers," who use dealer or casino mistakes to increase their odds of winning, lost an appeal Monday to the Supreme Court seeking the right to sue two Gaming Control Board agents for wrongful arrest.

In the Locals Market, Closeness Counts

16 November 2004

Closeness to home aces out other factors when Las Vegas locals are deciding where to gamble, a new survey by Goldman Sachs Global Investment Research found.

Las Vegas Tourist Count Tops 3 Million in September

16 November 2004

For the eighth time in nine tries this year, Las Vegas' hotels, casinos, restaurants and conventions in September combined to lure more than 3 million visitors to town in a single month.

Excalibur Joins VirtGame's Sports Bet Express

16 November 2004

VirtGame Corp. reports that the Excalibur Hotel and Casino, a property of the Mandalay Resort Group, has contracted to be included in VirtGame's Sports Bet Express.

VendingData Results Down

16 November 2004

VendingData Corporation reported revenues of $1.2 million, which compares to $2.1 million for the previous quarter of 2004 and $2.5 million for Q3 2003. Net loss applicable to common stockholders for the Q3 was $2.4 million or $0.14 per share.

New Owner Revamping Alexis

15 November 2004

The new owner of the non-gaming Alexis Park Hotel has acquired 4.7 acres adjacent to the property and is on track to develop a 28-story hotel with 1,000 rooms and a 70,000-square-foot casino.

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