Nevada News - Page 623

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Treasury Official Keeps Eye on Las Vegas

21 June 2004

The threat of terrorism crippling construction in Las Vegas and the potential for money laundering in casinos have made Las Vegas a unique focus of federal and state agencies, U.S. Treasury Secretary John Snow told a business roundtable on Friday.

New Vegas Flights Planned

21 June 2004

Four new Las Vegas flights, including two to previously unserved cities, will be added later this year by Tempe, Ariz.-based America West Airlines and its commuter partner, Mesa Airlines, America West announced today.

Adelson Company May Be Valued at $4 Billion

21 June 2004

Sheldon Adelson's Las Vegas Sands Inc., which operates the Venetian Casino Resort on the Las Vegas Strip, may have a market value of at least $4 billion after an initial public offering.

Big Las Vegas Mall Owners Merging

21 June 2004

Simon Property Group Inc., the world's largest manager of shopping malls, said today it agreed to buy Chelsea Property Group Inc., the biggest U.S. owner of factory-outlet shopping centers, for about $3.5 billion in cash and stock.

Nevadans Not Marketing Gambling in China

21 June 2004

Nevada's opening of the first-ever U.S. tourism office in China comes at a price -- the office can't promote the state's No. 1 industry, gambling.

Hey, Hey Do the Postmerger Shuffle

21 June 2004

A selection of news and views from inside the industry this week.

Hilton Owner Plans Changes

18 June 2004

The new owners of the Las Vegas Hilton say it ‘desperately needs nourishment’ to improve its performance.

Station Helps Workers Buy Homes

18 June 2004

Station Casinos Inc., in a joint effort with housing finance giant Fannie Mae, is rolling out a program to help its workers buy homes in an effort by Station to attract and retain employees.

Aruze Wins Nevada Approval

18 June 2004

Tokyo-based Aruze Corp. has won a limited slot machine manufacturing license Thursday from the Nevada Gaming Commission.

Caesars Completes Sale of Las Vegas Hilton

18 June 2004

Caesars Entertainment, Inc. has completed the sale of the Las Vegas Hilton to an affiliate of Colony Capital, LLC, a Los Angeles-based international private investment firm, for approximately $280 million.

Merging Companies Bet on Convention Strength

17 June 2004

As the proposed merger of MGM Mirage and Mandalay Resort Group advances, industry watchers are beginning to wonder what the unified company could do to the big Las Vegas convention industry.

Deal Draws Mixed Reaction From Tourists, Casino Workers

16 June 2004

News of the biggest marriage Las Vegas has ever seen -- MGM Mirage's $7.9 billion buyout of Mandalay Resort Group -- drew mixed reactions from tourists and workers this morning.

Las Vegas Businesses Report They're Planning to Add Jobs

16 June 2004

Las Vegas area employers expect to hire at a healthy pace during the third quarter, with 30 percent of them saying they plan to increase their work force, a local employment firm reported Tuesday.

Venetian May Scale Back Investment

15 June 2004

Executives of the company that built The Venetian hotel-casino on the Las Vegas Strip say planned reforms in Great Britain's gambling regulations could hurt the company's investment there.

Minorities Not United on Merger Possibility

15 June 2004

Representatives of Las Vegas minority business communities begin contemplating how the deal would affect opportunities for minority vendors.

Hilton Buyer Gets License Approval from Gaming Board

15 June 2004

The Nevada Gaming Control Board, paving the way for the $280 million sale of the Las Vegas Hilton, on Monday gave its approval to granting gaming licenses for buyer Colony Capital.

Light Show: Bright Night on Fremont Street

15 June 2004

They say the neon lights are bright on Broadway, but with apologies to singer George Benson, New York's most-bedazzling thoroughfare had nothing on Fremont Street on Monday evening.

Strength Seen for Local Economy, Economist Forecasts 8.8 Percent Jump in '04 Gaming Revenue

15 June 2004

Larger-than-expected growth in Southern Nevada's gaming revenue and visitor volume suggests the economic expansion will continue through the next 18 months, a local economist said Monday.

Gaming Hall of Fame Induction Held

14 June 2004

Phil Satre, chairman of the American Gaming Association and Harrah's Entertainment chairman, spoke during the Gaming Hall of Fame dinner in Henderson on Friday.

Inside Gaming Column: Boyd Buy May be Kerkorian's Plan B

14 June 2004

A selection of news and views from inside the industry this week.

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