Nevada News - Page 632
Nevada Gaming Results Up
13 August 2004
Nevada's gaming industry propped up the state's economy in June with a total gaming win of $855.5 million, up nearly 6 percent from a year earlier, the state Gaming Control Board reported Thursday.
Respect Caesars, Harrah's Told13 August 2004
Customers and marketing gurus are warning Harrah’s that playing with the Caesars brand, arguably could damage the value of Caesars Entertainment.
Growth in Nevada Gaming Win Cools in June12 August 2004
After four straight months of double-digit increases in gaming win, Nevada casinos cooled off in June, posting a 5.7 percent gain over June 2003 with gross revenue of $855.4 million.
Prosecutor Steadfast in Criticism of Las Vegas Officials12 August 2004
Federal prosecutor Rick Convertino this week gave Las Vegas some unwelcome publicity when he accused local officials of soft-pedaling terror threats.
Las Vegas Waterpark to Close12 August 2004
With less than two months to go before the pools at Wet 'n Wild are drained for the last time.
License Urged for Aladdin Resort's Owners12 August 2004
A group that intends to turn the bankrupt Aladdin into the first Planet Hollywood hotel-casino won preliminary license approval Wednesday from the Nevada Gaming Control Board.
Gag Order on Vegas Terror Threat Lifted12 August 2004
Released from a judge's gag order, the Justice Department on Tuesday night vigorously rebutted explosive claims that Las Vegas authorities bungled a possible terror threat to local casinos.
Planet Hollywood Restaurant at Issue as Aladdin Takeover Application is Heard11 August 2004
One of the many unresolved questions regarding a partnership's bid to take control of the Aladdin hotel-casino in a few weeks involves the Planet Hollywood restaurant up the street.
Local Leaders United in Belief Las Vegas Remains Safe11 August 2004
Southern Nevada politicians and business leaders scrambled Tuesday to respond to allegations they failed to make public news of suspected al-Qaida activities on the Strip over fears such information would disrupt local tourism.
Results Vigorous for Venetian's Parent11 August 2004
With a $419.9 million profit from the sale of its Grand Canal Shoppes in May, Las Vegas Sands posted record net income of $454.6 million in the second quarter, up from $9.6 million a year earlier.
Profits Fall for Poster Financial Group11 August 2004
Poster Financial Group, the owner and operator of the Golden Nugget Las Vegas and Golden Nugget Laughlin, on Tuesday said second-quarter operating income fell slightly and net income fell sharply compared with a year earlier.
Wynn Still Wooing Country Club11 August 2004
Las Vegas developer Steve Wynn on Tuesday reiterated his interest in buying the Las Vegas Country Club and reassured members he will ensure each one would net $70,000 from a sale to his golfing subsidiary.
Golden Nugget Cash Flow Up, Alliance Quarterly Results Improve10 August 2004
The owner of the Golden Nugget casinos in Las Vegas and Laughlin reported increases in revenue and cash flow in the second quarter but profit fell as the company spent more on advertising and added marketing staff, among other things.
Sands Has More Reason for IPO Than Stock Options10 August 2004
Wall Street analysts say the stellar stock appreciation of competitor Wynn Resorts Ltd. -- rather than the ability to issue stock options -- is a primary motivation behind an anticipated public offering of stock by the owner of The Venetian resort in Las Vegas.
Terrorists Cased Las Vegas10 August 2004
News Brief: A year after the Sept. 11, 2001 attacks, the Justice Department obtained video surveillance tapes suggesting terrorists were casing Las Vegas casinos.
MGM MIrage Gains Settlement for Bellagio Outage9 August 2004
MGM Mirage said today it received a $6 million insurance settlement in the second quarter related to the power outage that shut down the company's Bellagio resort for more than three days.
Inside Gaming Column: Big News Seen Ahead from Wynn, Adelson9 August 2004
A selection of news and views from inside the industry this week.
Nevada Defies Jobless Trend9 August 2004
Many Las Vegas employers, defying national trends as they have since the recent recession started four years ago, were adding jobs in July.
Palazzo Financing: Sands Has IPO Plan for Resort9 August 2004
Based on surging demand for Las Vegas as a business and leisure travel destination, Las Vegas Sands is proceeding full-speed ahead with financing for a $1.6 billion, 3,000-room resort adjacent to The Venetian.
Vegas Company Posts a Profit6 August 2004
Pinnacle Entertainment Inc. of Las Vegas swung to a second-quarter profit on a property sale gain, revenue growth fueled by a newly expanded property and cost cutting.
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