Nevada News - Page 706

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New Frontier Development Delayed Again

5 February 2002

Fears of potential Wall Street investors have forced New Frontier owner Phil Ruffin to again delay his plans to redevelop the aging Strip hotel-casino into a $1 billion, 2,500-room San Francisco-themed megaresort.

Gaming Execs Look to Chinese New Year

5 February 2002

Las Vegas casinos are hoping that the increase in tourists and will continue through Chinese New Year.

Venetian Accused Of Thwarting Discrimination Investigation

4 February 2002

The Nevada Equal Rights Commission wants a court order to hold the Venetian hotel-casino in contempt for allegedly thwarting its efforts to investigate an employment discrimination complaint against the hotel-casino.

R&R Wins Park Place Account

4 February 2002

R&R Partners Inc. has been named the agency of record for Park Place Entertainment Corp.'s eight Nevada properties.

Super Bowl Upset Leads to Vegas Sports Books Loss

4 February 2002

News Brief: According to a sports book director, the winning Patriots going into the game as the underdog could mean Nevada's sports book ultimately come out losers in this year's big game.

Vegas Sports Books Ready for their Big Weekend

1 February 2002

As much as 5 percent of the books’ yearly winnings come from the Super Bowl, but it’s hard to tell where Sunday’s game will rank in Super Bowl history. The record handle for the game in Nevada books was $77.3 million in 1998.

Inside the 'War Room' with Las Vegas' Top Oddsmakers

1 February 2002

For 15 years, Las Vegas Sports Consultants has been setting odds on sporting events for its clients. When it comes to hanging a line on the Super Bowl, no one in Las Vegas makes a move until the company sends out its recommendation.

Casinos Ask for Property Tax Cut

1 February 2002

More than 30 casinos are seeking huge cuts in their property taxes, asking officials to slash the taxable value of their properties by more than $2 billion.

Workers at Binion's Horseshoe Face Loss of Medical Insurance

1 February 2002

Hundreds of Binion's Horseshoe workers face the April loss of their medical coverage after the casino told employees that only some of the property's non-union workers would continue to be protected by the Horseshoe's medical insurance provider.

Aztar Announces Land Deal

31 January 2002

Tropicana-owner Aztar is exercising its option to purchase the remaining 50 percent of the site where the south Strip megaresort sits, potentially paving the way for the redevelopment of the 44-year-old casino property.

MGM Mirage Results Reflect Vegas Economic Rebound

31 January 2002

MGM Mirage reported a big decline in earnings for the last quarter of 2001 but still came in well ahead of analysts’ expectations. The company’s rebound reflects the Las Vegas gaming industry’s bounce back from Sept. 11.

MGM Mirage Trying to Book Paul McCartney

30 January 2002

The company wants to replace the business it would have had at the MGM Grand if the Tyson fight had occurred April 6. A source said it’s working on a McCartney date for that night, along with a high-end baccarat tournament for that weekend.

December Passenger Count Off

30 January 2002

Holiday travel failed to significantly boost slumping traffic at McCarran International Airport as December passenger counts were down for the fourth straight month.

Harrah's Wants Zoning Approval for a New Las Vegas Casino

30 January 2002

Harrah's is asking Clark County officials to approve zoning for a hotel-casino project directly north of its Rio resort on Flamingo Road, near the Las Vegas Strip.

Binion's to Appeal Fremont Ruling

29 January 2002

Binion's Horseshoe hotel-casino plans to appeal an order to provide $1.9 million of its assets by Feb. 11 as security for membership fees allegedly owed to the Fremont Street Experience.

Short-Sellers Pounded in Run-Up of Station Stock

29 January 2002

Investors who had sold Station short suffered from huge losses as company’s stock rose.

Value of Desert Passage Mall Declines

29 January 2002

The developer of the Desert Passage blames faltering tourism in the wake of Sept. 11 and the Chapter 11 bankruptcy filing of the $1.2 billion Aladdin for the decline in the mall's value.

Seizure of Binion's Assets Approved

28 January 2002

A Nevada judge today granted a request to have more than $1.9 million in Binion's Horseshoe's assets seized as security for alleged unpaid membership fees owed to the downtown Las Vegas promotion district.

Las Vegas Gets Direct Flights from Hong Kong

28 January 2002

Singapore Airlines, giving a boost to the Las Vegas hotel-casino industry, is planning the first nonstop flights between Hong Kong and Las Vegas beginning in August.

Heartache, Despair Thrive Among Struggling Dream Seekers

28 January 2002

News Brief: To tourists, Las Vegas is a glamorous getaway. The glittering city of dreams also attracts the desperate, people who couldn't make it anywhere else and come here as a last resort.

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