Nevada News - Page 625

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

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.

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

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

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.

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.

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.

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.

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.

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 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.

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.

The second-highest percentage increase in monthly visitor volume of the year in September more than made up for a lackluster August, Las Vegas Convention and Visitors Authority statistics released today show.

News Brief: Rick Tabish looked directly at jurors Friday and, in a thick Montana accent, calmly denied killing millionaire Ted Binion.

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

ews Brief: Wall Street still likes the Wynn Resorts story. It's just that the stock has become a little pricey for some analysts' taste.